Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands
 9 Months Ended
Oct. 01, 2011
Oct. 02, 2010
Operating Activities    
Net income $ 632,399 $ 518,203
Adjustments to reconcile net income to cash provided (used) by operating activities:    
Depreciation 85,398 81,618
Amortization of intangible assets 29,092 29,621
Other amortization 17,554 12,141
Stock-based compensation 54,247 47,591
Pension funding under (over) expense 32,153 39,637
Other, net (83,439) 54,647
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (573,511) (332,006)
Inventories (328,330) (249,593)
Other current assets 44,109 (6,584)
Accounts payable (19,681) 110,382
Accrued compensation 1,257 24,675
Accrued income taxes 26,576 (1,890)
Accrued liabilities 39,238 116,654
Other assets and liabilities 14,105 3,528
Cash provided (used) by operating activities (28,833) 448,624
Investing Activities    
Capital expenditures (98,173) (73,592)
Business acquisitions, net of cash acquired (2,207,065) (38,446)
Trademarks acquisition (56,598)  
Software purchases (14,836) (5,825)
Other, net (3,280) (6,842)
Cash used by investing activities (2,379,952) (124,705)
Financing Activities    
Net increase in short-term borrowings 1,127,805 1,794
Payments on long-term debt (1,932) (202,384)
Proceeds from long-term debt 898,450  
Payments of debt issuance costs (5,969)  
Purchase of Common Stock (6,941) (322,206)
Cash dividends paid (206,277) (195,999)
Proceeds from issuance of Common Stock, net 109,671 80,680
Tax benefits of stock option exercises 22,037 3,280
Acquisition of remaining noncontrolling interest (108)  
Cash provided (used) by financing activities 1,936,736 (634,835)
Effect of Foreign Currency Rate Changes on Cash and Equivalents 17,201 (17,770)
Net Change in Cash and Equivalents (454,848) (328,686)
Cash and Equivalents - Beginning of Year 792,239 731,549
Cash and Equivalents - End of Period $ 337,391 $ 402,863