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Impact of Recently Issued Accounting Standards Impact of new accounting standards (Tables) | 9 Months Ended
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Sep. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Impact of Recently Issued Accounting Standards [Table Text Block] | The following table presents the effect of the adoption of Topic 606, ASU No. 2017-07, and other prior period reclassifications.
|  | Quarter Ended September 30, 2017 |  | Nine Months Ended September 30, 2017
|  | As Previously Reported |  | Adjustments** |  | Adjusted for New Standards |  | As Previously Reported |  | Adjustments** |  | Adjusted for New Standards
Sales |  | $ | 6,953,740 |  |  | $ | (97,632 | ) |  | $ | 6,856,108 |  |  | $ | 19,178,638 |  |  | $ | (163,524 | ) |  | $ | 19,015,114 |
Cost of sales |  | 6,110,382 |  |  | (96,841 | ) |  | 6,013,541 |  |  | 16,751,427 |  |  | (164,101 | ) |  | 16,587,326 |
Gross profit |  | 843,358 |  |  | (791 | ) |  | 842,567 |  |  | 2,427,211 |  |  | 577 |  |  | 2,427,788 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general, and administrative expenses |  | 552,896 |  |  | (240 | ) |  | 552,656 |  |  | 1,600,762 |  |  | (799 | ) |  | 1,599,963 |
Depreciation and amortization |  | 38,574 |  |  | — |  |  | 38,574 |  |  | 113,096 |  |  | — |  |  | 113,096 |
Restructuring, integration, and other charges |  | 15,896 |  |  | — |  |  | 15,896 |  |  | 55,817 |  |  | — |  |  | 55,817 |
|  | 607,366 |  |  | (240 | ) |  | 607,126 |  |  | 1,769,675 |  |  | (799 | ) |  | 1,768,876 |
Operating income |  | 235,992 |  |  | (551 | ) |  | 235,441 |  |  | 657,536 |  |  | 1,376 |  |  | 658,912 |
Equity in earnings of affiliated companies |  | 1,216 |  |  | — |  |  | 1,216 |  |  | 2,865 |  |  | — |  |  | 2,865 |
Gain (loss) on investments, net |  | (15,000 | ) |  | 1,971 |  |  | (13,029 | ) |  | (14,250 | ) |  | 5,466 |  |  | (8,784 | )
Loss on extinguishment of debt |  | 786 |  |  | — |  |  | 786 |  |  | 59,545 |  |  | — |  |  | 59,545 |
Employee benefit plan expense |  | — |  |  | 1,850 |  |  | 1,850 |  |  | — |  |  | 5,547 |  |  | 5,547 |
Interest and other financing expense, net |  | 39,748 |  |  | 363 |  |  | 40,111 |  |  | 120,179 |  |  | 719 |  |  | 120,898 |
Income before income taxes |  | 181,674 |  |  | (793 | ) |  | 180,881 |  |  | 466,427 |  |  | 576 |  |  | 467,003 |
Provision for income taxes |  | 46,199 |  |  | (227 | ) |  | 45,972 |  |  | 114,998 |  |  | 130 |  |  | 115,128 |
Consolidated net income |  | 135,475 |  |  | (566 | ) |  | 134,909 |  |  | 351,429 |  |  | 446 |  |  | 351,875 |
Noncontrolling interests |  | 845 |  |  | — |  |  | 845 |  |  | 3,352 |  |  | — |  |  | 3,352 |
Net income attributable to shareholders |  | 134,630 |  |  | (566 | ) |  | 134,064 |  |  | 348,077 |  |  | 446 |  |  | 348,523 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic* |  | $ | 1.52 |  |  | $ | — |  |  | $ | 1.52 |  |  | $ | 3.92 |  |  | $ | — |  |  | $ | 3.92 |
Diluted* |  | $ | 1.50 |  |  | $ | — |  |  | $ | 1.50 |  |  | $ | 3.87 |  |  | $ | 0.01 |  |  | $ | 3.88 |
* The sum of the as previously reported and as adjusted may not agree to totals, as presented, due to rounding. ** Topic 606 impacted sales and cost of sales. ASU No. 2017-07 and other reclassifications impacted operating and non-operating expenses. The following table presents the effect of the adoption of Topic 606, ASU No. 2017-07, and other prior period reclassifications for 2017.
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Year to Date
| As Previously Reported | Adjusted for New Standards |  | As Previously Reported | Adjusted for New Standards |  | As Previously Reported | Adjusted for New Standards |  | As Previously Reported | Adjusted for New Standards |  | As Previously Reported | Adjusted for New Standards
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 5,759,552 |  | $ | 5,736,780 |  |  | $ | 6,465,346 |  | $ | 6,422,226 |  |  | $ | 6,953,740 |  | $ | 6,856,108 |  |  | $ | 7,633,870 |  | $ | 7,539,449 |  |  | $ | 26,812,508 |  | $ | 26,554,563 |
Cost of sales | 4,999,665 |  | 4,975,583 |  |  | 5,641,380 |  | 5,598,202 |  |  | 6,110,382 |  | 6,013,541 |  |  | 6,703,742 |  | 6,610,269 |  |  | 23,455,169 |  | 23,197,595 |
Operating income | 191,722 |  | 193,025 |  |  | 229,822 |  | 230,446 |  |  | 235,992 |  | 235,441 |  |  | 270,914 |  | 286,824 |  |  | 928,450 |  | 945,736 |
Net income attributable to shareholders | $ | 113,768 |  | $ | 114,737 |  |  | $ | 99,679 |  | $ | 99,722 |  |  | $ | 134,630 |  | $ | 134,064 |  |  | $ | 53,885 |  | $ | 53,653 |  |  | $ | 401,962 |  | $ | 402,176 |
Operating income for the fourth quarter of 2017 was impacted by a reclassification of pension settlement expense of $16,706 due to the implementation of ASU No. 2017-07. The settlement expense was moved to "Employee benefit plan expense", which is classified as non-operating on the statement of operations.

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