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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Cash Flows from Operating Activities:    
Net income/(loss) $ 263,013 $ 247,374
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairments 19,778 9,683
Depreciation, depletion and amortization 163,817 151,944
Share-based compensation expense 15,210 19,065
Equity in earnings of affiliates, net (5,168) (5,952)
Cash dividends from affiliated companies 6,450 4,369
Net gain on disposition of assets (60,111) (648)
Net gain on divestiture of business (18,436) 0
Pension and postretirement plan expense 8,495 4,826
Pension and postretirement plan contributions (7,456) (30,843)
Increase in net deferred tax liabilities 1,429 12,657
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:    
Trade accounts receivable (17,254) (174,064)
Inventories 148,877 (232,734)
Payable to suppliers (130,713) 148,319
Prepaid expenses (3,258) (1,539)
Income taxes payable and other income tax items 1,898 26,447
Accrued expenses and other assets and liabilities (37,988) 5,561
Net cash provided by operating activities 348,583 184,465
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (161,690) (148,917)
Cost of acquisitions, net of cash acquired 0 (1,333,769)
Proceeds from the sale of business, net 13,839 0
Proceeds from the sale of assets, net 71,853 4,798
Other net investing activities (4,431) (2,376)
Net cash used in investing activities (80,429) (1,480,264)
Cash Flows from Financing Activities:    
Proceeds from issuance of debt 20,071 1,570,137
Principal repayment of debt (96,311) (51,142)
Net change in commercial paper 0 (91,000)
Net decrease in outstanding checks (441) (14,599)
Cash dividends (97,689) (91,525)
Purchase of noncontrolling interest 0 (14,474)
Payments for share repurchases (10,602) (3,984)
Net cash (used in)/provided by financing activities (184,972) 1,303,413
Effects of Exchange Rate Changes on Cash 8,596 (3,596)
Net Increase in Cash and Cash Equivalents 91,778 4,018
Cash and cash equivalents at beginning of period 227,438 170,978
Cash and cash equivalents at end of period $ 319,216 $ 174,996