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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2015
Sep. 26, 2014
Cash Flows From Operating Activities    
Net Earnings $ 292,169 $ 176,532
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 33,286 27,621
Deferred income taxes (13,723) (7,079)
Share-based compensation 15,488 13,810
Excess tax benefit related to share-based payment arrangements (1,200) (3,700)
(Gain) loss on sale of business, net (149,003) 0
Change in    
Accounts receivable (21,195) (31,632)
Inventories (28,648) (12,889)
Trade accounts payable 3,124 2,058
Salaries and incentives (2,759) (3,323)
Retirement benefits and deferred compensation 8,802 3,813
Other accrued liabilities 19,556 7,661
Other (20,665) (2,468)
Net cash provided by operating activities 135,232 170,404
Cash Flows From Investing Activities    
Property, plant and equipment additions (28,860) (25,284)
Acquisition of businesses, net of cash acquired (187,853) (65,219)
Proceeds from sale of assets 610,162 0
Investment in restricted assets 8,580 0
Investment in businesses held separate 0 530
Other (43) (991)
Net cash provided by (used in) investing activities 384,826 (90,964)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net 4,265 (3,611)
Borrowings on long-term line of credit 595,400 485,230
Payments on long-term line of credit (835,400) (384,850)
Payments of debt issuance costs 0 (890)
Excess tax benefit related to share-based payment arrangements 1,200 3,700
Common stock issued 16,768 21,987
Common stock repurchased (224,730) (141,857)
Cash dividends paid (52,658) (50,007)
Net cash provided by (used in) financing activities (495,155) (70,298)
Effect of exchange rate changes on cash 3,354 (161)
Net increase (decrease) in cash and cash equivalents 28,257 8,981
Cash and cash equivalents    
Beginning of year 23,656 19,756
End of period $ 51,913 $ 28,737