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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net earnings $ 900,416,000 $ 193,030,000 $ 778,564,000
Adjustments:      
Depreciation 613,192,000 625,757,000 652,000,000
Amortization 73,862,000 74,260,000 72,423,000
Stock-based compensation 56,511,000 45,794,000 46,384,000
Deferred income taxes 71,455,000 (246,836,000) 70,801,000
Distributions from affiliates 40,602,000 15,132,000 53,738,000
Equity in earnings of unconsolidated affiliates (38,757,000) (5,329,000) (13,505,000)
Impairments and losses on assets   244,833,000 25,393,000
Changes in assets and liabilities (exclusive of acquisitions and dispositions):      
Accounts receivable (217,736,000) 655,489,000 (179,181,000)
Inventories (132,639,000) 1,061,202,000 11,326,000
Accounts payable 236,788,000 (438,788,000) (111,859,000)
Federal income taxes 3,555,000 62,656,000 (111,687,000)
Salaries, wages and related accruals 133,544,000 (56,267,000) 67,973,000
Other operating activities (3,260,000) (73,890,000) (19,472,000)
Cash provided by operating activities 1,737,533,000 2,157,043,000 1,342,898,000
Investing activities:      
Capital expenditures (604,840,000) (374,123,000) (667,982,000)
Investment in and advances to affiliates (63,167,000) (80,409,000) (97,841,000)
Divestiture of affiliates 135,000,000    
Repayment of advances to affiliates     122,000,000
Disposition of plant and equipment 18,571,000 29,390,000 36,563,000
Acquisitions (net of cash acquired) (474,788,000) (19,089,000) (768,581,000)
Purchases of investments (650,000,000) (111,927,000) (100,000,000)
Proceeds from the sale of investments 600,000,000 111,452,000 27,529,000
Other investing activities 14,106,000 3,010,000 10,250,000
Cash used in investing activities (1,025,118,000) (441,696,000) (1,438,062,000)
Financing activities:      
Net change in short-term debt (33,360,000) (155,816,000) 178,308,000
Repayment of long-term debt   (16,300,000) (5,358,000)
Issuance of common stock 15,751,000 424,000 5,614,000
Excess tax benefits from stock-based compensation 2,784,000 2,000,000 3,400,000
Distributions to noncontrolling interests (99,588,000) (71,938,000) (63,705,000)
Cash dividends (481,083,000) (479,432,000) (475,123,000)
Acquisition of treasury stock (5,173,000) (66,505,000) 0
Other financing activities (13,297,000) (2,184,000) (2,183,000)
Cash used in financing activities (613,966,000) (789,751,000) (359,047,000)
Effect of exchange rate changes on cash 8,043,000 (10,271,000) (4,897,000)
Increase (decrease) in cash and cash equivalents 106,492,000 915,325,000 (459,108,000)
Cash and cash equivalents-beginning of year 1,939,469,000 1,024,144,000 1,483,252,000
Cash and cash equivalents-end of year 2,045,961,000 1,939,469,000 1,024,144,000
Non-cash investing activity:      
Change in accrued plant and equipment purchases $ 12,837,000 $ (9,355,000) $ (99,115,000)