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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Operating activities:    
Net earnings $ 530,793 $ 380,112
Adjustments:    
Depreciation 158,171 158,665
Amortization 21,500 22,453
Stock-based compensation 12,492 10,463
Deferred income taxes 19,948 29,988
Distributions from affiliates 26,034 25,150
Equity in earnings of unconsolidated affiliates (2,906) (9,580)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):    
Accounts receivable 21,958 (343,982)
Inventories 107,907 (246,933)
Accounts payable (11,397) 157,836
Federal income taxes 105,573 86,746
Salaries, wages and related accruals (325,866) (171,626)
Other operating activities (13,499) 28,629
Cash provided by operating activities 650,708 127,921
Investing activities:    
Capital expenditures (288,786) (172,203)
Investment in and advances to affiliates (29) (55,901)
Divestiture of affiliates 67,591  
Disposition of plant and equipment 12,910 5,967
Acquisitions (net of cash acquired) (9,495)  
Purchases of investments (50,000)  
Proceeds from the sale of investments   50,000
Other investing activities 2,176 975
Cash used in investing activities (265,633) (171,162)
Financing activities:    
Net change in short-term debt 13,568 21,203
Issuance of common stock 3,137 15,312
Payment of tax withholdings on certain stock-based compensation (1,364) (4,430)
Distributions to noncontrolling interests (50,402) (24,793)
Cash dividends (123,400) (121,787)
Acquisition of treasury stock (72,830) (29,193)
Other financing activities (1,947) (1,844)
Cash used in financing activities (233,238) (145,532)
Effect of exchange rate changes on cash 84 (77)
Increase (decrease) in cash and cash equivalents 151,921 (188,850)
Cash and cash equivalents - beginning of year 1,398,886 949,104
Cash and cash equivalents - end of year 1,550,807 760,254
Non-cash investing activity:    
Change in accrued plant and equipment purchases and assets recorded under finance lease arrangements $ 12,925 $ (9,396)