XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Apr. 05, 2014
Mar. 30, 2013
Operating activities:    
Net earnings $ 129,696 $ 110,728
Adjustments:    
Depreciation 161,480 130,425
Amortization 18,432 19,048
Stock-based compensation 6,088 6,035
Deferred income taxes 8,312 11,183
Distributions from affiliates   6,708
Equity in (earnings) losses of unconsolidated affiliates (4,474) 1,172
Loss on assets 9,046  
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (97,183) (90,688)
Inventories (123,145) (63,222)
Accounts payable 7,489 (175)
Federal income taxes 56,526 11,654
Salaries, wages and related accruals (59,147) (74,206)
Other operating activities 36,094 60,149
Cash provided by operating activities 149,214 128,811
Investing activities:    
Capital expenditures (258,058) (330,585)
Investment in and advances to affiliates (7,105) (20,678)
Repayment of advances to affiliates 3,000 7,500
Disposition of plant and equipment 4,540 2,958
Acquisitions (net of cash acquired) (1,408)  
Purchases of investments (100,000)  
Proceeds from the sale of investments 27,529 73,428
Proceeds from the sale of restricted investments   148,725
Changes in restricted cash   (20,135)
Cash used in investing activities (331,502) (138,787)
Financing activities:    
Net change in short-term debt (2,130) 12,512
Excess tax benefits from stock-based compensation 300 500
Distributions to noncontrolling interests (24,794) (34,594)
Cash dividends (118,680) (117,618)
Other financing activities (601) 109
Cash used in financing activities (145,905) (139,091)
Effect of exchange rate changes on cash (2,517) (1,095)
Decrease in cash and cash equivalents (330,710) (150,162)
Cash and cash equivalents-beginning of year 1,483,252 1,052,862
Cash and cash equivalents-end of three months 1,152,542 902,700
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (60,864) $ (24,590)