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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 564,498 $ 636,003
Provision for losses on accounts receivable 14,753 6,416
Deferred income taxes and tax uncertainties 24,259 (6,906)
Depreciation and amortization 177,395 164,200
Gains from sales of assets, net of asset impairment (16,928) (709)
Stock-based compensation 27,545 35,627
Losses from equity method investment 22,147 10,273
Change in operating assets and liabilities – net of business acquisitions:    
Accounts receivable (123,922) (69,784)
Inventories 41,938 12,627
Prepaid income taxes and other expenses 3,478 27,858
Trade accounts payable 36,594 19,126
Other current liabilities (86,911) (102,951)
Current income taxes payable (9,714) 2,451
Accrued employment-related benefits cost 5,591 2,401
Other – net (10,340) (702)
Net cash provided by operating activities 670,383 735,930
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings and equipment (213,622) (253,197)
Proceeds from sales of assets 48,089 12,351
Equity method investment (19,299) (15,687)
Net cash paid for business acquisitions (159) (463,302)
Other – net (405) (206)
Net cash used in investing activities (185,396) (720,041)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in commercial paper 39,887 177,000
Borrowings under lines of credit 26,681 48,032
Payments against lines of credit (32,515) (65,764)
Proceeds from issuance of long-term debt 516,058 1,241,356
Payments of long-term debt (257,109) (33,938)
Proceeds from stock options exercised 29,553 53,688
Excess tax benefits from stock-based compensation 11,873 24,415
Purchase of treasury stock (613,198) (1,177,241)
Cash dividends paid (221,131) (230,948)
Net cash (used in) provided by financing activities (499,901) 36,600
Exchange rate effect on cash and cash equivalents 10,759 (20,982)
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,155) 31,507
Cash and cash equivalents at beginning of year 290,136 226,644
Cash and cash equivalents at end of period $ 285,981 $ 258,151