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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 371,089 $ 439,381
Provision for losses on accounts receivable 8,282 4,630
Deferred income taxes and tax uncertainties 4,565 1,995
Depreciation and amortization 113,496 106,937
(Gains) from sales of assets, net of asset impairment (15,564) (51)
Stock-based compensation 21,135 27,043
Losses from equity method investment 11,815 4,302
Change in operating assets and liabilities – net of business acquisitions:    
Accounts receivable (98,394) (50,586)
Inventories 8,733 26,075
Prepaid expenses and other assets (6,143) 6,929
Trade accounts payable 43,338 (29,144)
Other current liabilities (128,960) (169,123)
Current income taxes payable (1,368) (847)
Accrued employment-related benefits cost 3,877 4,231
Other – net (9,512) (2,267)
Net cash provided by operating activities 326,389 369,505
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings and equipment (105,717) (170,873)
Proceeds from sales of assets 43,119 10,119
Equity method investment (10,340) (10,190)
Net cash received for business divestiture 0 1,114
Other – net (597) (567)
Net cash used in investing activities (73,535) (170,397)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in commercial paper 19,888 (4,967)
Borrowings under lines of credit 18,501 26,842
Payments against lines of credit (19,306) (46,649)
Proceeds from issuance of long-term debt 393,284 995,880
Payments of long-term debt (129,981) (25,630)
Proceeds from stock options exercised 26,191 35,549
Excess tax benefits from stock-based compensation 9,770 17,106
Purchase of treasury stock (412,647) (442,595)
Cash dividends paid (147,480) (153,906)
Net cash (used in) provided by financing activities (241,780) 401,630
Exchange rate effect on cash and cash equivalents 14,787 (7,596)
NET CHANGE IN CASH AND CASH EQUIVALENTS 25,861 593,142
Cash and cash equivalents at beginning of year 290,136 226,644
Cash and cash equivalents at end of period $ 315,997 $ 819,786