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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating activities:    
Net earnings $ 985,477 $ 725,231
Adjustments:    
Depreciation 474,822 459,109
Amortization 68,394 54,066
Stock-based compensation 51,227 44,210
Deferred income taxes (38,335) 86,821
Distributions from affiliates 48,037 38,474
Equity in earnings of unconsolidated affiliates (29,801) (30,232)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (406,582) (328,000)
Inventories (957,029) (289,257)
Accounts payable 451,774 216,218
Federal income taxes (30,859) 28,915
Salaries, wages and related accruals 70,231 103,324
Other operating activities 75,137 73,211
Cash provided by operating activities 762,493 1,182,090
Investing activities:    
Capital expenditures (292,312) (327,436)
Investment in and advances to affiliates (19,000) (48,167)
Disposition of plant and equipment 19,420 14,883
Acquisitions (net of cash acquired) (543,153) (48,105)
Purchases of investments (50,000) (650,000)
Proceeds from the sale of investments 150,000 100,000
Other investing activities (1,455) 13,350
Cash used in investing activities (736,500) (945,475)
Financing activities:    
Net change in short-term debt 32,409 (21,520)
Issuance of common stock 9,492 5,727
Payment of tax withholdings on certain stock-based compensation (13,960) (10,410)
Excess tax benefits from stock-based compensation   1,507
Distributions to noncontrolling interests (85,094) (86,808)
Cash dividends (364,302) (360,675)
Acquisition of treasury stock (90,305) (5,173)
Other financing activities (1,703) (5,212)
Cash used in financing activities (513,463) (482,564)
Effect of exchange rate changes on cash 17,453 11,187
Decrease in cash and cash equivalents (470,017) (234,762)
Cash and cash equivalents-beginning of year 2,045,961 1,939,469
Cash and cash equivalents-end of nine months 1,575,944 1,704,707
Non-cash investing activity:    
Change in accrued plant and equipment purchases and assets acquired by capital lease arrangements $ 42,810 $ 140,347