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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Operating activities:    
Net earnings $ 362,797 $ 243,636
Adjustments:    
Depreciation 306,088 314,521
Amortization 35,587 36,895
Stock-based compensation 37,576 33,947
Deferred income taxes (4,281) (35,383)
Distributions from affiliates 37,026 12,142
Equity in earnings of unconsolidated affiliates (16,064) (435)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (398,266) 254,343
Inventories (136,019) 472,104
Accounts payable 452,815 (159,872)
Federal income taxes 129,325 128,391
Salaries, wages and related accruals 32,091 (77,214)
Other operating activities 18,290 (28,371)
Cash provided by operating activities 856,965 1,194,704
Investing activities:    
Capital expenditures (227,342) (175,253)
Investment in and advances to affiliates (12,508) (23,750)
Disposition of plant and equipment 11,631 17,932
Acquisitions (net of cash acquired)   (253)
Purchases of investments (550,000) (111,927)
Proceeds from the sale of investments 100,000 100,000
Other investing activities 6,265 1,870
Cash used in investing activities (671,954) (191,381)
Financing activities:    
Net change in short-term debt (31,375) (164,466)
Repayment of long-term debt   (8,000)
Issuance of common stock 1,882 423
Excess tax benefits from stock-based compensation 916 1,200
Distributions to noncontrolling interests (78,684) (39,347)
Cash dividends (240,302) (239,476)
Acquisition of treasury stock (5,173)  
Other financing activities (4,630) (1,081)
Cash used in financing activities (357,366) (450,747)
Effect of exchange rate changes on cash 14,036 (224)
(Decrease) increase in cash and cash equivalents (158,319) 552,352
Cash and cash equivalents - beginning of year 1,939,469 1,024,144
Cash and cash equivalents - end of six months 1,781,150 1,576,496
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ 2,630 $ (12,644)