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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash Flows From Operating Activities    
Net Earnings $ 396,557 $ 334,453
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 54,179 48,223
Deferred income taxes 14,910 20,062
Share-based compensation 25,456 19,480
Contingent consideration (8,600) 0
Impairment 7,800 0
Change in    
Accounts receivable (7,229) (56,524)
Inventories 19,227 (86,455)
Trade accounts payable (8,411) 8,456
Salaries and incentives (2,993) (20,841)
Retirement benefits and deferred compensation 2,955 473
Other accrued liabilities (1,840) 411
Other (641) 3,814
Net cash provided by operating activities 491,370 271,552
Cash Flows From Investing Activities    
Property, plant and equipment additions (145,626) (147,193)
Acquisition of businesses, net of cash acquired 0 (25,296)
Other (694) (477)
Net cash used in investing activities (146,320) (172,966)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 9,125 4,110
Payments on long-term debt (75,000) (75,000)
Payments of debt issuance costs 1,025 0
Common stock issued 55,492 28,299
Common stock repurchased (27,057) (155,181)
Taxes paid related to net share settlement of equity awards (1,225) (1,219)
Cash dividends paid (118,710) (106,855)
Net cash provided (used) in financing activities (158,400) (305,846)
Effect of exchange rate changes on cash (61) (2,215)
Net increase (decrease) in cash and cash equivalents 186,589 (209,475)
Cash and Cash Equivalents    
Beginning of year 339,196 624,302
End of period $ 525,785 $ 414,827