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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities    
Net income $ 451,638 $ 378,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 92,634 96,675
Amortization 56,451 59,418
Share incentive plan compensation 47,161 39,026
Deferred income taxes 70,976 (20,899)
Foreign currency transaction gain (853) 8,169
Gain on sale of plant and equipment 310 (336)
Gain on sale of marketable securities (230) (158)
Changes in assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net 160,500 173,590
Inventories (97,440) 3,346
Prepaid expenses (31,038) 99,511
Other assets (1,625) (20,673)
Accounts payable, trade (18,258) (135,070)
Accrued payrolls and other compensation (104,710) (124,866)
Accrued domestic and foreign taxes 1,003 (26,003)
Other accrued liabilities (4,705) (21,611)
Pensions and other postretirement benefits (176,993) (120,488)
Other liabilities 4,285 (25,147)
Net cash provided by operating activities 404,176 362,647
Cash Flows From Investing Activities    
Acquisitions (net of cash of $1,760 in 2016 and $3,814 in 2015) (29,927) (67,552)
Capital expenditures (71,356) (75,419)
Proceeds from sale of plant and equipment 4,991 8,506
Purchase of marketable securities and other investments (393,909) (575,183)
Maturities of marketable securities and other investments 506,642 527,819
Other 241 (41,450)
Net cash provided by (used in) investing activities 102,292 (223,279)
Cash Flows From Financing Activities    
Proceeds from exercise of stock options 1,890 80
Payments for common shares (196,000) (410,129)
Proceeds from notes payable, net 226,499 574,299
Proceeds from long-term borrowings 0 1,689
Payments for long-term borrowings (4,074) (219,397)
Dividends (168,990) (171,707)
Net cash provided by (used in) financing activities (140,675) (225,165)
Effect of exchange rate changes on cash (66,710) (47,293)
Net increase (decrease) in cash and cash equivalents 299,083 (133,090)
Cash and cash equivalents at beginning of year 1,221,653 1,180,584
Cash and cash equivalents at end of period $ 1,520,736 $ 1,047,494