XML 46 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Impact of Recently Issued Accounting Standards Impact of recently issued accounting standards table (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 29, 2018
Dec. 31, 2017
Sep. 30, 2017
Jul. 01, 2017
Apr. 01, 2017
Sep. 29, 2018
Sep. 30, 2017
Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                
Sales $ 7,490,445 [1] $ 7,539,449 $ 6,856,108 [1] $ 6,422,226 $ 5,736,780 $ 21,758,586 [1] $ 19,015,114 [1] $ 26,554,563
Cost of sales 6,566,667 6,610,269 6,013,541 5,598,202 4,975,583 19,033,044 16,587,326 23,197,595
Gross profit 923,778   842,567     2,725,542 2,427,788  
Selling, general, and administrative expenses 575,751   552,656     1,719,108 1,599,963  
Depreciation and amortization 45,532   38,574     139,201 113,096  
Restructuring, integration, and other charges 10,143   15,896     50,497 55,817  
Costs and Expenses 633,468   607,126     1,912,410 1,768,876  
Operating income 290,310 286,824 235,441 230,446 193,025 813,132 658,912 945,736
Equity in earnings (losses) of affiliated companies (652)   1,216     (808) 2,865  
Gain (loss) on investments, net 1,070   (13,029)     (3,945) (8,784)  
Loss on extinguishment of debt 0   786     0 59,545  
Employee benefit plan expense 1,296   1,850     3,784 5,547  
Interest and other financing expense, net 54,205   40,111     160,187 120,898  
Income before income taxes 235,227   180,881     644,408 467,003  
Provision for income taxes 57,054   45,972     155,325 115,128  
Consolidated net income 178,173   134,909     489,083 351,875  
Noncontrolling interests 1,640   845     3,541 3,352  
Net income attributable to shareholders $ 176,533 53,653 $ 134,064 99,722 114,737 $ 485,542 $ 348,523 402,176
Basic $ 2.02   $ 1.52     $ 5.53 $ 3.92  
Diluted [2] $ 1.99   $ 1.50     $ 5.47 $ 3.88  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement               16,706
Accounting standards update 2018-02 [Member]                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                
Reclassification to retained earnings           $ 4,116    
Calculated under Revenue Guidance in Effect before Topic 606 [Member]                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                
Sales   7,633,870 $ 6,953,740 6,465,346 5,759,552   $ 19,178,638 26,812,508
Cost of sales   6,703,742 6,110,382 5,641,380 4,999,665   16,751,427 23,455,169
Gross profit     843,358       2,427,211  
Selling, general, and administrative expenses     552,896       1,600,762  
Depreciation and amortization     38,574       113,096  
Restructuring, integration, and other charges     15,896       55,817  
Costs and Expenses     607,366       1,769,675  
Operating income   270,914 235,992 229,822 191,722   657,536 928,450
Equity in earnings (losses) of affiliated companies     1,216       2,865  
Gain (loss) on investments, net     (15,000)       (14,250)  
Loss on extinguishment of debt     786       59,545  
Employee benefit plan expense     0       0  
Interest and other financing expense, net     39,748       120,179  
Income before income taxes     181,674       466,427  
Provision for income taxes     46,199       114,998  
Consolidated net income     135,475       351,429  
Noncontrolling interests     845       3,352  
Net income attributable to shareholders   $ 53,885 $ 134,630 $ 99,679 $ 113,768   $ 348,077 $ 401,962
Basic     $ 1.52       $ 3.92  
Diluted     $ 1.50 [2]       $ 3.87  
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                
Sales     $ (97,632)       $ (163,524)  
Cost of sales     (96,841)       (164,101)  
Gross profit     (791)       577  
Selling, general, and administrative expenses     (240)       (799)  
Depreciation and amortization     0       0  
Restructuring, integration, and other charges     0       0  
Costs and Expenses     (240)       (799)  
Operating income     (551)       1,376  
Equity in earnings (losses) of affiliated companies     0       0  
Gain (loss) on investments, net     1,971       5,466  
Loss on extinguishment of debt     0       0  
Employee benefit plan expense     1,850       5,547  
Interest and other financing expense, net     363       719  
Income before income taxes     (793)       576  
Provision for income taxes     (227)       130  
Consolidated net income     (566)       446  
Noncontrolling interests     0       0  
Net income attributable to shareholders     $ (566)       $ 446  
Basic     $ 0       $ 0  
Diluted     $ 0 [2]       $ 0.01  
Accounting Standards Update 2016-01 [Member]                
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                
Reclassification to retained earnings           $ 18,238    
[1] Includes sales related to the United States of $3,181,227 and $8,799,364 for the third quarter and first nine months of 2018 and $2,853,505 and $7,863,591 for the third quarter and first nine months of 2017, respectively.
[2] Stock-based compensation awards for the issuance of 582 and 540 shares for the third quarter and first nine months of 2018 and 396 and 363 shares for the third quarter and first nine months of 2017, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.