XML 42 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 31, 2021
Cash Flows From Operating Activities      
Net Earnings $ 506,511 $ 460,645 $ 439,866
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 74,321 65,997 59,325
Deferred income taxes (8,502) (9,997) (46,572)
Share-based compensation 30,229 24,695 24,931
Pension settlement loss 42,129 0 12,018
Contingent consideration (8,600) 0 0
Impairment 7,800 0 0
Change in      
Accounts receivable (3,245) (29,944) (13,801)
Inventories 42,716 (95,691) (97,780)
Trade accounts payable (12,348) 4,195 12,397
Salaries and incentives (2,158) (18,442) 29,089
Retirement benefits and deferred compensation (13,661) (18,674) (10,799)
Other accrued liabilities (5,269) (4,191) 51,342
Other 1,094 (1,199) (3,120)
Net cash provided by operating activities 651,017 377,394 456,896
Cash Flows From Investing Activities      
Property, plant and equipment additions (184,775) (201,161) (133,566)
Acquisition of businesses, net of cash acquired 0 (25,296) (19,386)
Other (499) (362) (347)
Net cash used in investing activities (185,274) (226,819) (153,299)
Cash Flows From Financing Activities      
Borrowings on short-term lines of credit, net 9,725 (18,252) 20,497
Payments on long-term debt (75,000) (75,000) (70)
Payments of debt issuance costs (1,025) 0 (1,422)
Common stock issued 60,182 35,619 50,963
Common stock repurchased (102,344) (233,426) 0
Taxes paid related to net share settlement of equity awards (1,225) (1,219) 0
Cash dividends paid (158,323) (142,125) (127,110)
Net cash used in financing activities (268,010) (434,403) (57,142)
Effect of exchange rate changes on cash 1,022 (1,278) (1,062)
Net increase (decrease) in cash and cash equivalents 198,755 (285,106) 245,393
Cash and Cash Equivalents      
Beginning of year 339,196 624,302 378,909
End of year $ 537,951 $ 339,196 $ 624,302