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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash Flows From Operating Activities    
Net Earnings $ 377,376 $ 396,557
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 62,054 54,179
Deferred income taxes 14,646 14,910
Share-based compensation 27,312 25,456
Contingent consideration 0 (8,600)
Impairment 0 7,800
Change in    
Accounts receivable (460) (7,229)
Inventories (1,871) 19,227
Trade accounts payable (2,133) (8,411)
Salaries and incentives (9,901) (2,993)
Retirement benefits and deferred compensation 4,525 2,955
Other accrued liabilities (27,977) (1,840)
Other (7,085) (641)
Net cash provided by operating activities 436,486 491,370
Cash Flows From Investing Activities    
Property, plant and equipment additions (92,788) (145,626)
Acquisition of businesses, net of cash acquired (7,750) 0
Other 5,322 (694)
Net cash used in investing activities (95,216) (146,320)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net (338) 9,125
Payments on long-term debt 0 (75,000)
Payments of debt issuance costs 0 (1,025)
Common stock issued 50,002 55,492
Common stock repurchased (31,350) (27,057)
Taxes paid related to net share settlement of equity awards (4,612) (1,225)
Cash dividends paid (129,026) (118,710)
Net cash used in financing activities (115,324) (158,400)
Effect of exchange rate changes on cash 556 (61)
Net increase in cash and cash equivalents 226,502 186,589
Cash and Cash Equivalents    
Beginning of year 537,951 339,196
End of period $ 764,453 $ 525,785