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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2021
Sep. 25, 2020
Net Earnings $ 319,634 $ 215,765
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 44,846 40,714
Deferred income taxes (10,219) (653)
Share-based compensation 19,882 21,434
Impairment 0 35,229
Change in    
Accounts receivable (10,793) (48,733)
Inventories (77,531) (13,506)
Trade accounts payable 14,033 6,547
Salaries and incentives 22,770 (10,493)
Retirement benefits and deferred compensation 6,676 9,734
Other accrued liabilities 27,307 4,868
Other 626 1,813
Net cash provided by operating activities 357,231 262,719
Cash Flows From Investing Activities    
Property, plant and equipment additions (82,628) (45,756)
Acquisition of businesses, net of cash acquired (19,386) (27,557)
Other (102) (70)
Net cash used in investing activities (102,116) (73,383)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 27,880 21,506
Borrowings on long-term lines of credit 0 250,000
Payments on long-term debt and lines of credit (69) (125,000)
Payments of Debt Issuance Costs 1,422 0
Common stock issued 40,445 57,949
Common stock repurchased 0 (102,143)
Payment, Tax Withholding, Share-based Payment Arrangement 0 1,797
Cash dividends paid (95,238) (87,665)
Net cash provided by financing activities (28,404) 12,850
Effect of exchange rate changes on cash (1,792) 1,515
Net increase (decrease) in cash and cash equivalents 224,919 203,701
Cash and Cash Equivalents    
Beginning of year 378,909 220,973
End of period $ 603,828 $ 424,674