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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 27, 2017
Aug. 28, 2016
Cash Flows from Operating Activities:    
Net income $ 167,323 $ 195,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 85,618 75,966
Unrealized foreign exchange losses 36,717 17,702
Realized gain on settlement of forward foreign exchange contracts not designated for hedge accounting (184) (21,419)
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement loss 11,153 11,240
Loss on early extinguishment of debt 22,793 0
Stock-based compensation 21,910 6,045
Other, net 4,146 (595)
Change in operating assets and liabilities:    
Trade receivables 45,642 40,334
Inventories (77,758) (255,460)
Other current assets (4,947) 248
Other non-current assets (3,747) (12,504)
Accounts payable and other accrued liabilities 23,022 77,355
Restructuring liabilities (3,559) (13,618)
Income tax liabilities 8,595 34,309
Accrued salaries, wages and employee benefits and long-term employee related benefits (42,599) (55,595)
Other long-term liabilities 326 3,756
Net cash provided by operating activities 294,451 102,819
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (75,793) (74,844)
Proceeds from sales of assets 0 17,279
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 184 21,419
Net cash used for investing activities (75,609) (36,146)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 502,835 0
Repayments of long-term debt (525,000) 0
Proceeds from senior revolving credit facility 0 180,000
Repayments of senior revolving credit facility 0 (249,000)
Proceeds from short-term credit facilities 23,898 24,905
Repayments of short-term credit facilities (20,382) (14,216)
Other short-term borrowings, net (10,255) 3,274
Payment of debt extinguishment costs (21,902) 0
Payment of debt issuance costs (10,110) 0
Repurchase of common stock, including shares surrendered for tax withholdings on equity award exercises (13,292) (1,402)
Dividend to stockholders (35,000) (60,000)
Other financing, net (3,196) 782
Net cash used for financing activities (112,404) (115,657)
Effect of exchange rate changes on cash and cash equivalents 9,288 2,053
Net increase in cash and cash equivalents 115,726 (46,931)
Beginning cash and cash equivalents 375,563 318,571
Ending cash and cash equivalents 491,289 271,640
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 10,951 19,401
Property, plant and equipment additions due to build-to-suit lease transactions 4,459 0
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 29,570 34,667
Cash paid for income taxes during the period, net of refunds $ 32,944 $ 41,090