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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Cash flows from operating activities:    
Consolidated net income $ 292,808 $ 203,234
Adjustments to reconcile consolidated net income to net cash used for operations:    
Depreciation and amortization 48,944 36,237
Amortization of stock-based compensation 21,178 17,053
Amortization of deferred financing costs and discount on notes 1,451 1,104
Equity in earnings of affiliated companies (2,621) (2,933)
Deferred income taxes (484) 24,976
Restructuring, integration, and other charges 10,783 9,640
Settlement of legal matter 3,609 0
Gain on bargain purchase (1,078) 0
Loss on prepayment of debt 0 964
Excess tax benefits from stock-based compensation arrangements (6,880) (1,728)
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 113,584 (300,728)
Inventories (113,804) (445,872)
Accounts payable (410,915) 307,116
Accrued expenses (45,251) 30,034
Other assets and liabilities (56,026) (96,638)
Net cash used for operating activities (144,702) (217,541)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (442,337) (172,353)
Acquisition of property, plant and equipment (60,340) (56,620)
Proceeds from sale of properties 0 16,971
Net cash used for investing activities (502,677) (212,002)
Cash flows from financing activities:    
Change in short-term and other borrowings 286,136 (7,794)
Proceeds from exercise of stock options 46,146 6,405
Excess tax benefits from stock-based compensation arrangements 6,880 1,728
Repurchases of common stock (96,861) (81,179)
Net cash provided by (used for) financing activities 242,301 (80,840)
Effect of exchange rate changes on cash 9,781 (49,960)
Net decrease in cash and cash equivalents (395,297) (560,343)
Cash and cash equivalents at beginning of period 926,321 1,137,007
Cash and cash equivalents at end of period $ 531,024 $ 576,664