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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 207,433 $ 394,071
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairments 23,195 26,122
Depreciation, depletion and amortization 270,691 249,387
Share-based compensation expense 22,663 21,123
Equity in earnings of affiliated companies, net (6,218) (8,795)
Cash dividends from affiliated companies 5,624 7,881
Net gain on disposition of assets (529) (59,050)
Net loss/(gain) on divestiture of business and other assets 27,292 (54,842)
Remeasurement gain of investment in affiliated companies (6,012) 0
Pension and postretirement plan expense 13,068 12,679
Pension and postretirement plan contributions (14,680) (10,311)
Net decrease in deferred tax liabilities (17,109) (14,451)
Change in assets and liabilities, net of effects from acquisitions, divestitures and foreign currency adjustments:    
Trade accounts receivable (182,626) (84,342)
Inventories (6,703) 277,389
Payable to suppliers 73,504 (125,712)
Prepaid expenses (38,851) (14,285)
Income taxes payable and other income tax items 23,274 9,549
Accrued expenses and other assets and liabilities 43,622 (9,536)
Net cash provided by operating activities 437,638 616,877
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (271,332) (254,874)
Cost of acquisitions, net of cash acquired (3,743) (313,362)
Proceeds from the sale of business, net 81,212 31,147
Proceeds from the sale of assets, net 4,515 72,737
Proceeds from settlement of net investment hedge 9,068 0
Investment in affiliated companies (10,000) (7,500)
Other net investing activities 12,221 12,123
Net cash used by investing activities (178,059) (459,729)
Cash Flows from Financing Activities:    
Net proceeds from issuance of debt 1,813,754 905,601
Principal repayment of debt (133,644) (878,513)
Net change in commercial paper 33,983 0
Net (decrease)/increase in book cash overdrafts (3,078) 1,925
Payment of loan financing costs (19,000) 0
Payment of contingent consideration (948) 0
Cash dividends (152,397) (147,477)
Payments for share repurchases (9,172) (10,605)
Net cash provided/(used) by financing activities 1,529,498 (129,069)
Effects of Exchange Rate Changes on Cash (10,381) 2,423
Net Increase in Cash and Cash Equivalents 1,778,696 30,502
Cash and cash equivalents at beginning of period 151,937 227,438
Cash and cash equivalents at end of period $ 1,930,633 $ 257,940