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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Consolidated net income $ 599,316 $ 479,625 $ 123,505
Adjustments to reconcile consolidated net income to net cash provided by operations:      
Depreciation and amortization 103,482 77,352 67,027
Amortization of stock-based compensation 39,225 34,613 33,017
Equity in earnings of affiliated companies (6,736) (6,369) (4,731)
Deferred income taxes (11,377) 17,133 19,313
Restructuring, integration, and other charges 28,054 24,605 75,720
Settlement of legal matter 3,609 0 0
Non-cash impact of tax matters 0 (11,716) 0
Excess tax benefits from stock-based compensation arrangements (7,956) (1,922) 1,731
Other 700 3,302 5,541
Change in assets and liabilities, net of effects of acquired businesses:      
Accounts receivable (193,492) (805,637) 2,302
Inventories 105,150 (497,294) 286,626
Accounts payable (465,603) 799,142 304,295
Accrued expenses (74,236) 88,675 (92,587)
Other assets and liabilities 747 19,263 28,096
Net cash provided by operating activities 120,883 220,772 849,855
Cash flows from investing activities:      
Cash consideration paid for acquired businesses (532,568) (587,087) (170,064)
Acquisition of property, plant and equipment (113,941) (112,254) (121,516)
Proceeds from sale of properties 0 16,971 1,153
Other 0 0 (272)
Net cash used for investing activities (646,509) (682,370) (290,699)
Cash flows from financing activities:      
Change in short-term and other borrowings (6,172) 9,775 (48,144)
Proceeds from long-term bank borrowings, net 354,000 0 0
Repayments of bank term loan (200,000) 0 0
Net proceeds from note offering 0 494,325 297,430
Repurchase/repayment of senior notes (19,324) (69,545) (135,658)
Proceeds from exercise of stock options 46,665 8,057 4,234
Excess tax benefits from stock-based compensation arrangements 7,956 1,922 (1,731)
Repurchases of common stock (197,044) (173,650) (2,478)
Net cash provided by (used for) financing activities (13,919) 270,884 113,653
Effect of exchange rate changes on cash 10,111 (19,972) 12,926
Net increase (decrease) in cash and cash equivalents (529,434) (210,686) 685,735
Cash and cash equivalents at beginning of year 926,321 1,137,007 451,272
Cash and cash equivalents at end of year $ 396,887 $ 926,321 $ 1,137,007