XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating activities:    
Net income $ 446,505 $ 382,270
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization of long-lived assets 89,762 73,715
Write off of Deferred Debt Issuance Cost 2,153 12,667
Charges incurred for amendments of credit facilities 0 34,624
Amortization of debt issuance costs 7,943 6,401
Stock compensation expense 6,351 16,292
Deferred taxes and other (12,744) (18,938)
Changes in assets and liabilities, net of acquisition of businesses:    
Accounts receivable (147,933) (198,217)
Inventories (74,945) 4,557
Other assets (42,664) (6,167)
Accounts payable 71,264 (80,589)
Accrued pension and postretirement benefits 15,021 (34,419)
Accrued liabilities and other (29,623) 16,095
Net cash from operating activities 331,090 208,291
Investing activities:    
Purchases of property, plant and equipment (60,418) (65,439)
Proceeds from sales of assets 4,398 68,701
Acquisition of businesses, net of cash acquired (524) (963,127)
Disposition of businesses 40,285 0
Net cash from investing activities (16,259) (959,865)
Financing activities:    
Borrowings on notes payable 212,804 854,915
Repayments on notes payable (249,708) (943,893)
Borrowings on Accounts Receivable Securitization Facility 342,315 194,549
Repayments on Accounts Receivable Securitization Facility (135,841) (145,638)
Borrowings on Revolving Loan Facilities 2,957,799 2,995,442
Repayments on Revolving Loan Facilities (2,738,000) (2,992,000)
Borrowings on Senior Notes 0 2,359,347
Repayments on Senior Notes 0 (1,000,000)
Borrowings on Term Loan Facilities 0 301,272
Repayments on Term Loan Facilities (201,281) (154,670)
Borrowings on International Debt 0 8,368
Repayments on International Debt (44,073) (11,186)
Share repurchases (299,919) (379,901)
Cash dividends paid (165,211) (125,798)
Payments to amend and refinance credit facilities (559) (79,492)
Payment of contingent consideration (41,250) 0
Taxes paid related to net shares settlement of equity awards (8,075) (2,919)
Other 3,401 1,529
Net cash from financing activities (367,598) 879,925
Effect of changes in foreign exchange rates on cash (7,433) 2,693
Change in cash and cash equivalents (60,200) 131,044
Cash and cash equivalents at beginning of year 460,245 319,169
Cash and cash equivalents at end of period $ 400,045 $ 450,213