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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash flows from operating activities:    
Net earnings $ 201,056 $ 172,117
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring 3,025 5,253
Depreciation and amortization 105,024 100,194
Deferred income taxes 20,194 9,878
Loss on disposal of property, plant and equipment 547 2,332
Stock-based compensation expense 9,467 9,059
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (109,761) (144,119)
Inventories (51,466) (23,501)
Other assets and prepaid expenses (3,005) 24,835
Accounts payable and accrued expenses (12,188) (5,251)
Other liabilities 2,989 1,074
Net cash provided by operating activities 165,882 151,871
Cash flows from investing activities:    
Additions to property, plant and equipment (201,270) (140,833)
Acquisitions, net of cash acquired (827) 0
Net cash used in investing activities (202,097) (140,833)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (185,722) (175,017)
Proceeds from Senior Credit Facilities 157,957 66,658
Payments on Commercial Paper (3,155,448) (7,046,615)
Proceeds from Commercial Paper 3,788,003 7,812,624
Repayment of senior notes 0 (645,555)
Change in asset securitization borrowings (500,000) 0
Debt issuance costs (522) (1,002)
Change in outstanding checks in excess of cash (1,158) (1,711)
Shares redeemed for taxes (12,255) (10,402)
Proceeds and net tax benefit from stock transactions 13 790
Net cash provided by (used in) financing activities 90,868 (230)
Effect of exchange rate changes on cash and cash equivalents 12,118 5,805
Net change in cash and cash equivalents 66,771 16,613
Cash and cash equivalents, beginning of period 121,665 81,692
Cash and cash equivalents, end of period $ 188,436 $ 98,305