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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities:    
Net earnings $ 380,112 $ 377,648
Adjustments:    
Depreciation 158,665 158,525
Amortization 22,453 22,368
Stock-based compensation 10,463 9,524
Deferred income taxes 29,988 (6,695)
Distributions from affiliates 25,150 30,249
Equity in earnings of unconsolidated affiliates (9,580) (8,756)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable (343,982) (290,261)
Inventories (246,933) (519,902)
Accounts payable 157,836 413,256
Federal income taxes 86,746 157,346
Salaries, wages and related accruals (171,626) (102,744)
Other operating activities 28,629 3,584
Cash provided by operating activities 127,921 244,142
Investing activities:    
Capital expenditures (172,203) (94,535)
Investment in and advances to affiliates (55,901) (14,000)
Disposition of plant and equipment 5,967 8,870
Acquisitions (net of cash acquired)   (485,060)
Purchases of investments   (50,000)
Proceeds from the sale of investments 50,000 150,000
Other investing activities 975  
Cash used in investing activities (171,162) (484,725)
Financing activities:    
Net change in short-term debt 21,203 30,180
Issuance of common stock 15,312 7,432
Payment of tax withholdings on certain stock-based compensation (4,430) (1,349)
Distributions to noncontrolling interests (24,793) (61,544)
Cash dividends (121,787) (121,303)
Acquisition of treasury stock (29,193)  
Other financing activities (1,844) (518)
Cash used in financing activities (145,532) (147,102)
Effect of exchange rate changes on cash (77) (517)
Decrease in cash and cash equivalents (188,850) (388,202)
Cash and cash equivalents-beginning of year 949,104 2,045,961
Cash and cash equivalents-end of three months 760,254 1,657,759
Non-cash investing activity:    
Change in accrued plant and equipment purchases and assets recorded under capital lease arrangements $ (9,396) $ (11,222)