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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities:    
Net earnings before noncontrolling interests $ 958,962 $ 1,231,629
Adjustments:    
Depreciation 256,938 221,089
Amortization 58,683 58,769
Stock-based compensation 21,341 20,401
Deferred income taxes (39,627) (28,193)
Distributions from affiliates 7,241 17,394
Equity in (earnings) losses of unconsolidated affiliates (9,769) 1,340
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (207,682) (67,505)
Inventories (13,980) (138,694)
Accounts payable (392,403) 394,602
Federal income taxes 247,783 330,781
Salaries, wages and related accruals (595,861) (858,925)
Other operating activities 168,027 24,485
Cash provided by operating activities 459,653 1,207,173
Investing activities:    
Capital expenditures (670,340) (531,733)
Investment in and advances to affiliates (79)  
Disposition of plant and equipment 4,439 2,276
Acquisitions (net of cash acquired) 991  
Purchases of investments (646,570) (468,412)
Proceeds from the sale of investments 421,831 228,086
Cash used in investing activities (889,728) (769,783)
Financing activities:    
Net change in short-term debt 10,791 (19,765)
Repayment of long-term debt (2,500) (2,500)
Proceeds from exercise of stock options 3,165 7,123
Payment of tax withholdings on certain stock-based compensation (3,280) (7,105)
Distributions to noncontrolling interests (265,435) (337,810)
Cash dividends (133,568) (130,525)
Acquisition of treasury stock (1,001,300) (425,820)
Other financing activities (3,419) (4,272)
Cash used in financing activities (1,395,546) (920,674)
Effect of exchange rate changes on cash (3,366) 3,243
Decrease in cash and cash equivalents and restricted cash and cash equivalents (1,828,987) (480,041)
Cash and cash equivalents and restricted cash and cash equivalents - beginning of year 6,386,792 4,361,220
Cash and cash equivalents and restricted cash and cash equivalents - end of three months 4,557,805 3,881,179
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (10,880) $ (36,280)