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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Cash Flows from Operating Activities:    
Net (loss)/income $ (261,946) $ 135,226
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:    
Asset impairment 4,852 8,759
Depreciation, depletion and amortization 121,792 123,447
Loss from the early extinguishment of debt 20,184 0
Share-based compensation expense 11,199 1,936
Equity in earnings of affiliates (3,350) (1,291)
Cash dividends from affiliated companies 3,930 3,276
Net gain on disposition of assets (3,279) (2,265)
Loss on divestiture of business 5,516 0
Pension and postretirement plan expense 576,297 29,135
Pension and postretirement plan contributions (162,352) (31,105)
Net (decrease)/increase in deferred taxes (154,242) 19,653
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:    
Trade accounts receivable (104,925) (13,516)
Inventories (61,724) (31,984)
Payable to suppliers 121,054 17,844
Prepaid expenses (2,581) (8,769)
Accrued expenses (3,256) 9,261
Income taxes payable and other income tax items 7,965 8,533
Other assets and liabilities (13,181) 13,851
Net cash provided by operating activities 101,953 281,991
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (99,959) (76,417)
Cost of acquisitions, net of cash acquired (2,353) (3,787)
Proceeds from the sale of businesses, net 86,071 0
Proceeds from the sale of assets 7,433 4,845
Other net investing proceeds 4,304 524
Net cash used in investing activities (4,504) (74,835)
Cash Flows from Financing Activities:    
Proceeds from issuance of debt 18,361 1,105,139
Principal repayment of debt (259,225) (269,970)
Net change in commercial paper 128,000 (250,000)
Net (decrease)/increase in outstanding checks (15,620) 7,469
Proceeds from foreign exchange forward contracts and interest rate swaps 4,387 14,480
Payment of contingent consideration 0 (2,500)
Cash dividends (90,401) (86,337)
Excess cash costs of early extinguishment of debt (20,111) 0
Payments for share repurchases (159,571) (3,950)
Net cash (used)/provided by financing activities (394,180) 514,331
Effects of Exchange Rate Changes on Cash (4,588) (9,498)
Net (Decrease)/Increase in Cash and Cash Equivalents (301,319) 711,989
Cash and cash equivalents at beginning of period 564,848 145,283
Cash and cash equivalents at end of period $ 263,529 $ 857,272