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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Consolidated net income (loss) $ 183,092 $ (405,337)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operations:    
Depreciation and amortization 93,922 94,508
Amortization of stock-based compensation 22,317 27,629
Equity in (earnings) losses of affiliated companies (247) 1,085
Deferred income taxes 46,345 (71,846)
Impairments 4,918 697,993
(Gain) loss on investments, net 5,925 (6,738)
Other 48 11,956
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable, net 446,168 895,553
Inventories 52,927 278,142
Accounts payable (51,027) (1,346,176)
Accrued expenses 71,043 (71,394)
Other assets and liabilities 9,679 (28,956)
Net cash provided by operating activities 885,110 76,419
Cash flows from investing activities:    
Proceeds from disposition of businesses 0 9,460
Acquisition of property, plant, and equipment (59,542) (81,636)
Other (5,466) 2,940
Net cash used for investing activities (65,008) (69,236)
Cash flows from financing activities:    
Change in short-term and other borrowings (7,189) (173,356)
Proceeds from (repayments of) long-term bank borrowings, net (411,690) 118,977
Redemption of notes (209,366) 0
Proceeds from exercise of stock options 3,730 9,622
Repurchases of common stock (231,739) (200,924)
Settlement of forward-starting interest rate swap (48,378) 0
Other (141) (147)
Net cash used for financing activities (904,773) (245,828)
Effect of exchange rate changes on cash (9,604) (693)
Net decrease in cash and cash equivalents (94,275) (239,338)
Cash and cash equivalents at beginning of period 300,103 509,327
Cash and cash equivalents at end of period $ 205,828 $ 269,989