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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Operating activities:    
Net earnings $ 719,372 $ 393,866
Adjustments:    
Depreciation 318,278 306,088
Amortization 45,443 35,587
Stock-based compensation 41,159 37,576
Deferred income taxes (4,173) 11,687
Distributions from affiliates 46,877 37,026
Equity in earnings of unconsolidated affiliates (22,058) (16,064)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (396,452) (398,266)
Inventories (781,581) (183,056)
Accounts payable 371,158 452,815
Federal income taxes (14,114) 129,325
Salaries, wages and related accruals (5,794) 32,091
Other operating activities 28,849 27,697
Cash provided by operating activities 346,964 866,372
Investing activities:    
Capital expenditures (189,235) (227,342)
Investment in and advances to affiliates (19,000) (12,508)
Disposition of plant and equipment 12,509 11,631
Acquisitions (net of cash acquired) (478,410)  
Purchases of investments (50,000) (550,000)
Proceeds from the sale of investments 150,000 100,000
Other investing activities (990) 6,265
Cash used in investing activities (575,126) (671,954)
Financing activities:    
Net change in short-term debt 21,235 (31,375)
Issuance of common stock 7,432 1,882
Payment of tax withholdings on certain stock-based compensation (13,185) (9,407)
Excess tax benefits from stock-based compensation   916
Distributions to noncontrolling interests (79,420) (78,684)
Cash dividends (242,704) (240,302)
Acquisition of treasury stock   (5,173)
Other financing activities (1,101) (4,630)
Cash used in financing activities (307,743) (366,773)
Effect of exchange rate changes on cash 1,297 14,036
Decrease in cash and cash equivalents (534,608) (158,319)
Cash and cash equivalents - beginning of year 2,045,961 1,939,469
Cash and cash equivalents - end of six months 1,511,353 1,781,150
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (12,927) $ 2,630