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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 24, 2021
Net Earnings $ 334,453 $ 319,634
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 48,223 44,846
Deferred income taxes 20,062 (10,219)
Share-based compensation 19,480 19,882
Change in    
Accounts receivable (56,524) (10,793)
Inventories (86,455) (77,531)
Trade accounts payable 8,456 14,033
Salaries and incentives (20,841) 22,770
Retirement benefits and deferred compensation 473 6,676
Other accrued liabilities 411 27,307
Other 3,814 626
Net cash provided by operating activities 271,552 357,231
Cash Flows From Investing Activities    
Property, plant and equipment additions (147,193) (82,628)
Acquisition of businesses, net of cash acquired (25,296) (19,386)
Other (477) (102)
Net cash used in investing activities (172,966) (102,116)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 4,110 27,880
Payments on long-term debt (75,000) (69)
Payments of debt issuance costs 0 1,422
Common stock issued 28,299 40,445
Common stock repurchased (155,181) 0
Taxes paid related to net share settlement of equity awards (1,219) 0
Cash dividends paid (106,855) (95,238)
Net cash used in financing activities (305,846) (28,404)
Effect of exchange rate changes on cash (2,215) (1,792)
Net increase (decrease) in cash and cash equivalents (209,475) 224,919
Cash and Cash Equivalents    
Beginning of year 624,302 378,909
End of period $ 414,827 $ 603,828