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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash Flows from Operating Activities:    
Net income/(loss) $ 369,876 $ (150,391)
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairments 13,857 3,490
Depreciation, depletion and amortization 231,095 185,541
Loss on early extinguishment of debt 0 20,184
Share-based compensation expense 25,453 17,392
Equity in earnings of affiliates (10,151) (5,701)
Cash dividends from affiliated companies 6,076 5,182
Net gain on disposition of assets (178) (2,376)
Net loss on divestiture of businesses 0 2,667
Pension and postretirement plan expense 6,951 583,340
Pension and postretirement plan contributions (33,548) (165,280)
Decrease in net deferred tax liabilities (1,745) (164,581)
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:    
Trade accounts receivable (143,221) (142,699)
Inventories (287,609) (95,066)
Payable to suppliers 113,820 163,193
Prepaid expenses (28,854) (17,756)
Income taxes payable and other income tax items 44,493 (8,531)
Accrued expenses and other assets and liabilities 15,740 (8,530)
Net cash provided by operating activities 322,055 220,078
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (236,772) (156,592)
Cost of acquisitions, net of cash acquired (1,337,704) (3,155)
Proceeds from the sale of businesses, net 0 91,569
Proceeds from the sale of assets 6,040 10,536
Other net investing activity (1,976) 6,776
Net cash used in investing activities (1,570,412) (50,866)
Cash Flows from Financing Activities:    
Proceeds from issuance of debt 1,579,750 138,382
Principal repayment of debt (70,556) (582,838)
Net change in commercial paper (64,000) 202,000
Net decrease in outstanding checks (16,509) (10,736)
Proceeds from foreign exchange forward contracts and interest rate swaps 0 4,387
Cash dividends (139,289) (134,648)
Purchase of noncontrolling interest (14,474) 0
Excess cash costs of early extinguishment of debt 0 (20,111)
Payments for share repurchases (4,056) (159,654)
Net cash provided/(used) by financing activities 1,270,866 (563,218)
Effects of Exchange Rate Changes on Cash (11,249) (10,830)
Net Increase/(Decrease) in Cash and Cash Equivalents 11,260 (404,836)
Cash and cash equivalents at beginning of period 170,978 564,848
Cash and cash equivalents at end of period $ 182,238 $ 160,012