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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jul. 05, 2014
Operating activities:    
Net earnings $ 243,636 $ 296,631
Adjustments:    
Depreciation 314,521 326,429
Amortization 36,895 36,265
Stock-based compensation 33,947 33,752
Deferred income taxes (35,383) (5,121)
Distributions from affiliates 12,142 11,504
Equity in earnings of unconsolidated affiliates (435) (7,676)
Loss on assets   9,046
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable 254,343 (249,196)
Inventories 472,104 (130,463)
Accounts payable (159,872) 90,460
Federal income taxes 128,391 14,100
Salaries, wages and related accruals (77,214) (1,672)
Other operating activities (28,371) 19,270
Cash provided by operating activities 1,194,704 443,329
Investing activities:    
Capital expenditures (175,253) (446,798)
Investment in and advances to affiliates (23,750) (68,491)
Repayment of advances to affiliates   15,000
Disposition of plant and equipment 17,932 12,858
Acquisitions (net of cash acquired) (253) (38,466)
Purchases of investments (111,927) (100,000)
Proceeds from the sale of investments 100,000 27,529
Other investing activities 1,870  
Cash used in investing activities (191,381) (598,368)
Financing activities:    
Net change in short-term debt (164,466) 13,212
Repayment of long-term debt (8,000)  
Issuance of common stock 423  
Excess tax benefits from stock-based compensation 1,200 2,700
Distributions to noncontrolling interests (39,347) (37,877)
Cash dividends (239,476) (237,369)
Other financing activities (1,081) (1,123)
Cash used in financing activities (450,747) (260,457)
Effect of exchange rate changes on cash (224) (195)
Increase (decrease) in cash and cash equivalents 552,352 (415,691)
Cash and cash equivalents - beginning of year 1,024,144 1,483,252
Cash and cash equivalents - end of six months 1,576,496 1,067,561
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (12,644) $ (96,023)