Consolidating Financial Information (Tables) | 9 Months Ended |
Sep. 27, 2014 |
Text Block [Abstract] | ' |
Condensed Consolidating Statement of Income (Loss) | ' |
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| Condensed Consolidating Statement of Comprehensive Income |
Quarter Ended September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 1,107,886 | | | $ | 234,995 | | | $ | 755,136 | | | $ | (697,289 | ) | | $ | 1,400,728 | |
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Cost of sales | 870,321 | | | 117,351 | | | 581,667 | | | (666,326 | ) | | 903,013 | |
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Gross profit | 237,565 | | | 117,644 | | | 173,469 | | | (30,963 | ) | | 497,715 | |
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Selling, general and administrative expenses | 248,132 | | | 54,329 | | | 32,742 | | | 8,620 | | | 343,823 | |
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Operating profit | (10,567 | ) | | 63,315 | | | 140,727 | | | (39,583 | ) | | 153,892 | |
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Equity in earnings of subsidiaries | 147,709 | | | 117,451 | | | — | | | (265,160 | ) | | — | |
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Other expenses | 795 | | | — | | | — | | | — | | | 795 | |
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Interest expense, net | 19,042 | | | 278 | | | 4,860 | | | (652 | ) | | 23,528 | |
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Income before income tax expense | 117,305 | | | 180,488 | | | 135,867 | | | (304,091 | ) | | 129,569 | |
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Income tax expense | (1,639 | ) | | 8,267 | | | 3,997 | | | — | | | 10,625 | |
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Net income | $ | 118,944 | | | $ | 172,221 | | | $ | 131,870 | | | $ | (304,091 | ) | | $ | 118,944 | |
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Comprehensive income | $ | 117,260 | | | $ | 172,221 | | | $ | 128,702 | | | $ | (300,923 | ) | | $ | 117,260 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Quarter Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 1,006,219 | | | $ | 201,097 | | | $ | 621,751 | | | $ | (631,721 | ) | | $ | 1,197,346 | |
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Cost of sales | 788,512 | | | 100,344 | | | 493,115 | | | (606,305 | ) | | 775,666 | |
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Gross profit | 217,707 | | | 100,753 | | | 128,636 | | | (25,416 | ) | | 421,680 | |
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Selling, general and administrative expenses | 184,566 | | | 34,010 | | | 27,715 | | | (1,509 | ) | | 244,782 | |
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Operating profit | 33,141 | | | 66,743 | | | 100,921 | | | (23,907 | ) | | 176,898 | |
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Equity in earnings of subsidiaries | 127,032 | | | 70,951 | | | — | | | (197,983 | ) | | — | |
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Other expenses | 795 | | | — | | | — | | | — | | | 795 | |
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Interest expense, net | 23,049 | | | — | | | 1,953 | | | — | | | 25,002 | |
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Income before income tax expense | 136,329 | | | 137,694 | | | 98,968 | | | (221,890 | ) | | 151,101 | |
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Income tax expense | 11,066 | | | 7,962 | | | 6,810 | | | — | | | 25,838 | |
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Net income | $ | 125,263 | | | $ | 129,732 | | | $ | 92,158 | | | $ | (221,890 | ) | | $ | 125,263 | |
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Comprehensive income | $ | 126,325 | | | $ | 129,732 | | | $ | 91,023 | | | $ | (220,755 | ) | | $ | 126,325 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Nine Months Ended September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 3,186,705 | | | $ | 645,891 | | | $ | 1,923,295 | | | $ | (1,953,741 | ) | | $ | 3,802,150 | |
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Cost of sales | 2,488,843 | | | 341,010 | | | 1,470,885 | | | (1,857,434 | ) | | 2,443,304 | |
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Gross profit | 697,862 | | | 304,881 | | | 452,410 | | | (96,307 | ) | | 1,358,846 | |
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Selling, general and administrative expenses | 654,311 | | | 178,274 | | | 88,840 | | | 4,617 | | | 926,042 | |
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Operating profit | 43,551 | | | 126,607 | | | 363,570 | | | (100,924 | ) | | 432,804 | |
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Equity in earnings of subsidiaries | 353,096 | | | 285,924 | | | | | | (639,020 | ) | | — | |
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Other expenses | 1,890 | | | — | | | — | | | — | | | 1,890 | |
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Interest expense, net | 55,984 | | | 2,176 | | | 8,895 | | | (590 | ) | | 66,465 | |
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Income before income tax expense | 338,773 | | | 410,355 | | | 354,675 | | | (739,354 | ) | | 364,449 | |
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Income tax expense | 23,691 | | | 14,023 | | | 11,653 | | | — | | | 49,367 | |
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Net income | $ | 315,082 | | | $ | 396,332 | | | $ | 343,022 | | | $ | (739,354 | ) | | $ | 315,082 | |
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Comprehensive income | $ | 316,585 | | | $ | 396,332 | | | $ | 340,073 | | | $ | (736,405 | ) | | $ | 316,585 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Nine Months Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 2,921,292 | | | $ | 502,179 | | | $ | 1,769,432 | | | $ | (1,850,891 | ) | | $ | 3,342,012 | |
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Cost of sales | 2,286,074 | | | 242,603 | | | 1,395,191 | | | (1,766,317 | ) | | 2,157,551 | |
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Gross profit | 635,218 | | | 259,576 | | | 374,241 | | | (84,574 | ) | | 1,184,461 | |
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Selling, general and administrative expenses | 547,403 | | | 108,141 | | | 89,463 | | | (4,034 | ) | | 740,973 | |
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Operating profit | 87,815 | | | 151,435 | | | 284,778 | | | (80,540 | ) | | 443,488 | |
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Equity in earnings of subsidiaries | 314,898 | | | 198,981 | | | — | | | (513,879 | ) | | — | |
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Other expenses | 2,010 | | | — | | | — | | | — | | | 2,010 | |
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Interest expense, net | 70,958 | | | — | | | 4,888 | | | — | | | 75,846 | |
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Income before income tax expense | 329,745 | | | 350,416 | | | 279,890 | | | (594,419 | ) | | 365,632 | |
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Income tax expense | 31,517 | | | 17,091 | | | 18,796 | | | — | | | 67,404 | |
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Net income | $ | 298,228 | | | $ | 333,325 | | | $ | 261,094 | | | $ | (594,419 | ) | | $ | 298,228 | |
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Comprehensive income | $ | 297,386 | | | $ | 333,325 | | | $ | 253,660 | | | $ | (586,985 | ) | | $ | 297,386 | |
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| Condensed Consolidating Balance Sheet |
September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 6,099 | | | $ | 9,469 | | | $ | 200,264 | | | $ | — | | | $ | 215,832 | |
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Trade accounts receivable, net | 49,369 | | | 80,201 | | | 745,741 | | | (389 | ) | | 874,922 | |
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Inventories | 1,102,277 | | | 131,389 | | | 656,696 | | | (224,354 | ) | | 1,666,008 | |
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Deferred tax assets | 179,123 | | | 15,372 | | | 11,553 | | | — | | | 206,048 | |
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Other current assets | 42,962 | | | 10,844 | | | 124,964 | | | 12,840 | | | 191,610 | |
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Total current assets | 1,379,830 | | | 247,275 | | | 1,739,218 | | | (211,903 | ) | | 3,154,420 | |
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Property, net | 85,718 | | | 45,164 | | | 542,413 | | | — | | | 673,295 | |
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Trademarks and other identifiable intangibles, net | 5,052 | | | 81,432 | | | 629,340 | | | — | | | 715,824 | |
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Goodwill | 232,882 | | | 124,247 | | | 364,031 | | | — | | | 721,160 | |
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Investments in subsidiaries | 3,265,453 | | | 1,425,220 | | | — | | | (4,690,673 | ) | | — | |
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Deferred tax assets | 138,962 | | | 53,317 | | | 18,983 | | | — | | | 211,262 | |
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Receivables from related entities | 4,895,844 | | | 4,376,669 | | | 2,077,607 | | | (11,350,120 | ) | | — | |
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Other noncurrent assets | 49,034 | | | 376 | | | 18,126 | | | (3 | ) | | 67,533 | |
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Total assets | $ | 10,052,775 | | | $ | 6,353,700 | | | $ | 5,389,718 | | | $ | (16,252,699 | ) | | $ | 5,543,494 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 385,857 | | | $ | 16,078 | | | $ | 272,002 | | | $ | — | | | $ | 673,937 | |
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Accrued liabilities | 221,471 | | | 59,322 | | | 326,679 | | | 11,777 | | | 619,249 | |
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Notes payable | — | | | — | | | 137,948 | | | — | | | 137,948 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 225,000 | | | — | | | 225,000 | |
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Current portion of long-term debt | — | | | — | | | 19,821 | | | — | | | 19,821 | |
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Total current liabilities | 607,328 | | | 75,400 | | | 981,450 | | | 11,777 | | | 1,675,955 | |
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Long-term debt | 1,444,000 | | | — | | | 464,733 | | | — | | | 1,908,733 | |
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Pension and postretirement benefits | 188,106 | | | — | | | 54,784 | | | — | | | 242,890 | |
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Payables to related entities | 6,231,694 | | | 3,266,673 | | | 1,556,259 | | | (11,054,626 | ) | | — | |
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Other noncurrent liabilities | 116,977 | | | 12,600 | | | 121,671 | | | (2 | ) | | 251,246 | |
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Total liabilities | 8,588,105 | | | 3,354,673 | | | 3,178,897 | | | (11,042,851 | ) | | 4,078,824 | |
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Stockholders’ equity | 1,464,670 | | | 2,999,027 | | | 2,210,821 | | | (5,209,848 | ) | | 1,464,670 | |
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Total liabilities and stockholders’ equity | $ | 10,052,775 | | | $ | 6,353,700 | | | $ | 5,389,718 | | | $ | (16,252,699 | ) | | $ | 5,543,494 | |
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Condensed Consolidating Balance Sheet | ' |
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| Condensed Consolidating Balance Sheet |
September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 6,099 | | | $ | 9,469 | | | $ | 200,264 | | | $ | — | | | $ | 215,832 | |
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Trade accounts receivable, net | 49,369 | | | 80,201 | | | 745,741 | | | (389 | ) | | 874,922 | |
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Inventories | 1,102,277 | | | 131,389 | | | 656,696 | | | (224,354 | ) | | 1,666,008 | |
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Deferred tax assets | 179,123 | | | 15,372 | | | 11,553 | | | — | | | 206,048 | |
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Other current assets | 42,962 | | | 10,844 | | | 124,964 | | | 12,840 | | | 191,610 | |
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Total current assets | 1,379,830 | | | 247,275 | | | 1,739,218 | | | (211,903 | ) | | 3,154,420 | |
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Property, net | 85,718 | | | 45,164 | | | 542,413 | | | — | | | 673,295 | |
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Trademarks and other identifiable intangibles, net | 5,052 | | | 81,432 | | | 629,340 | | | — | | | 715,824 | |
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Goodwill | 232,882 | | | 124,247 | | | 364,031 | | | — | | | 721,160 | |
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Investments in subsidiaries | 3,265,453 | | | 1,425,220 | | | — | | | (4,690,673 | ) | | — | |
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Deferred tax assets | 138,962 | | | 53,317 | | | 18,983 | | | — | | | 211,262 | |
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Receivables from related entities | 4,895,844 | | | 4,376,669 | | | 2,077,607 | | | (11,350,120 | ) | | — | |
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Other noncurrent assets | 49,034 | | | 376 | | | 18,126 | | | (3 | ) | | 67,533 | |
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Total assets | $ | 10,052,775 | | | $ | 6,353,700 | | | $ | 5,389,718 | | | $ | (16,252,699 | ) | | $ | 5,543,494 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 385,857 | | | $ | 16,078 | | | $ | 272,002 | | | $ | — | | | $ | 673,937 | |
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Accrued liabilities | 221,471 | | | 59,322 | | | 326,679 | | | 11,777 | | | 619,249 | |
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Notes payable | — | | | — | | | 137,948 | | | — | | | 137,948 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 225,000 | | | — | | | 225,000 | |
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Current portion of long-term debt | — | | | — | | | 19,821 | | | — | | | 19,821 | |
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Total current liabilities | 607,328 | | | 75,400 | | | 981,450 | | | 11,777 | | | 1,675,955 | |
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Long-term debt | 1,444,000 | | | — | | | 464,733 | | | — | | | 1,908,733 | |
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Pension and postretirement benefits | 188,106 | | | — | | | 54,784 | | | — | | | 242,890 | |
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Payables to related entities | 6,231,694 | | | 3,266,673 | | | 1,556,259 | | | (11,054,626 | ) | | — | |
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Other noncurrent liabilities | 116,977 | | | 12,600 | | | 121,671 | | | (2 | ) | | 251,246 | |
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Total liabilities | 8,588,105 | | | 3,354,673 | | | 3,178,897 | | | (11,042,851 | ) | | 4,078,824 | |
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Stockholders’ equity | 1,464,670 | | | 2,999,027 | | | 2,210,821 | | | (5,209,848 | ) | | 1,464,670 | |
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Total liabilities and stockholders’ equity | $ | 10,052,775 | | | $ | 6,353,700 | | | $ | 5,389,718 | | | $ | (16,252,699 | ) | | $ | 5,543,494 | |
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| Condensed Consolidating Balance Sheet |
December 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 5,695 | | | $ | 7,811 | | | $ | 102,357 | | | $ | — | | | $ | 115,863 | |
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Trade accounts receivable, net | 44,366 | | | 69,944 | | | 465,662 | | | (1,414 | ) | | 578,558 | |
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Inventories | 825,300 | | | 208,250 | | | 405,756 | | | (155,975 | ) | | 1,283,331 | |
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Deferred tax assets | 178,732 | | | 15,373 | | | 3,155 | | | — | | | 197,260 | |
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Other current assets | 37,429 | | | 14,354 | | | 16,871 | | | — | | | 68,654 | |
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Total current assets | 1,091,522 | | | 315,732 | | | 993,801 | | | (157,389 | ) | | 2,243,666 | |
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Property, net | 82,786 | | | 50,193 | | | 446,904 | | | — | | | 579,883 | |
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Trademarks and other identifiable intangibles, net | 8,385 | | | 88,716 | | | 280,650 | | | — | | | 377,751 | |
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Goodwill | 232,882 | | | 124,247 | | | 269,263 | | | — | | | 626,392 | |
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Investments in subsidiaries | 2,881,739 | | | 1,535,404 | | | — | | | (4,417,143 | ) | | — | |
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Deferred tax assets | 139,102 | | | 53,317 | | | 15,007 | | | — | | | 207,426 | |
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Receivables from related entities | 4,706,001 | | | 4,065,909 | | | 1,987,603 | | | (10,759,513 | ) | | — | |
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Other noncurrent assets | 52,712 | | | 412 | | | 1,806 | | | — | | | 54,930 | |
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Total assets | $ | 9,195,129 | | | $ | 6,233,930 | | | $ | 3,995,034 | | | $ | (15,334,045 | ) | | $ | 4,090,048 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 253,494 | | | $ | 61,964 | | | $ | 150,812 | | | $ | — | | | $ | 466,270 | |
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Accrued liabilities | 184,653 | | | 63,906 | | | 66,497 | | | (30 | ) | | 315,026 | |
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Notes payable | — | | | — | | | 36,192 | | | — | | | 36,192 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 181,790 | | | — | | | 181,790 | |
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Total current liabilities | 438,147 | | | 125,870 | | | 435,291 | | | (30 | ) | | 999,278 | |
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Long-term debt | 1,467,000 | | | — | | | — | | | — | | | 1,467,000 | |
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Pension and postretirement benefits | 253,299 | | | 2,159 | | | 8,361 | | | — | | | 263,819 | |
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Payables to related entities | 5,699,670 | | | 3,114,701 | | | 1,673,828 | | | (10,488,199 | ) | | — | |
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Other noncurrent liabilities | 106,390 | | | 11,318 | | | 11,620 | | | — | | | 129,328 | |
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Total liabilities | 7,964,506 | | | 3,254,048 | | | 2,129,100 | | | (10,488,229 | ) | | 2,859,425 | |
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Stockholders’ equity | 1,230,623 | | | 2,979,882 | | | 1,865,934 | | | (4,845,816 | ) | | 1,230,623 | |
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Total liabilities and stockholders’ equity | $ | 9,195,129 | | | $ | 6,233,930 | | | $ | 3,995,034 | | | $ | (15,334,045 | ) | | $ | 4,090,048 | |
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| Condensed Consolidating Statement of Cash Flows |
Nine Months Ended September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash from operating activities | $ | 425,011 | | | $ | 273,268 | | | $ | 147,250 | | | $ | (630,208 | ) | | $ | 215,321 | |
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Investing activities: | | | | | | | | | |
Purchases of property, plant and equipment | (13,451 | ) | | (4,741 | ) | | (28,370 | ) | | — | | | (46,562 | ) |
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Proceeds from sales of assets | — | | | 47 | | | 4,968 | | | — | | | 5,015 | |
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Acquisition of business, net of cash acquired | — | | | — | | | (352,986 | ) | | — | | | (352,986 | ) |
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Other | — | | | — | | | (8,779 | ) | | — | | | (8,779 | ) |
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Net cash from investing activities | (13,451 | ) | | (4,694 | ) | | (385,167 | ) | | — | | | (403,312 | ) |
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Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 109,313 | | | — | | | 109,313 | |
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Repayments on notes payable | — | | | — | | | (101,994 | ) | | — | | | (101,994 | ) |
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Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 115,609 | | | — | | | 115,609 | |
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Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (72,399 | ) | | — | | | (72,399 | ) |
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Borrowings on Revolving Loan Facility | 2,639,000 | | | — | | | — | | | — | | | 2,639,000 | |
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Repayments on Revolving Loan Facility | (2,662,000 | ) | | — | | | — | | | — | | | (2,662,000 | ) |
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Incurrence of debt under the Euro Term Loan Facility | — | | | — | | | 476,566 | | | — | | | 476,566 | |
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Repayments of assumed debt related to acquisition of business | — | | | — | | | (111,193 | ) | | — | | | (111,193 | ) |
|
Cash dividends paid | (89,638 | ) | | — | | | — | | | — | | | (89,638 | ) |
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Taxes paid related to net shares settlement of equity awards | (32,294 | ) | | — | | | — | | | — | | | (32,294 | ) |
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Excess tax benefit from stock-based compensation | 26,162 | | | — | | | — | | | — | | | 26,162 | |
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Other | 1,464 | | | — | | | (5,895 | ) | | — | | | (4,431 | ) |
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Net transactions with related entities | (293,850 | ) | | (266,916 | ) | | (69,442 | ) | | 630,208 | | | — | |
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Net cash from financing activities | (411,156 | ) | | (266,916 | ) | | 340,565 | | | 630,208 | | | 292,701 | |
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Effect of changes in foreign exchange rates on cash | — | | | — | | | (4,741 | ) | | — | | | (4,741 | ) |
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Change in cash and cash equivalents | 404 | | | 1,658 | | | 97,907 | | | — | | | 99,969 | |
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Cash and cash equivalents at beginning of year | 5,695 | | | 7,811 | | | 102,357 | | | — | | | 115,863 | |
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Cash and cash equivalents at end of period | $ | 6,099 | | | $ | 9,469 | | | $ | 200,264 | | | $ | — | | | $ | 215,832 | |
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Condensed Consolidating Statement of Cash Flows | ' |
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| Condensed Consolidating Statement of Cash Flows |
Nine Months Ended September 27, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash from operating activities | $ | 425,011 | | | $ | 273,268 | | | $ | 147,250 | | | $ | (630,208 | ) | | $ | 215,321 | |
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Investing activities: | | | | | | | | | |
Purchases of property, plant and equipment | (13,451 | ) | | (4,741 | ) | | (28,370 | ) | | — | | | (46,562 | ) |
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Proceeds from sales of assets | — | | | 47 | | | 4,968 | | | — | | | 5,015 | |
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Acquisition of business, net of cash acquired | — | | | — | | | (352,986 | ) | | — | | | (352,986 | ) |
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Other | — | | | — | | | (8,779 | ) | | — | | | (8,779 | ) |
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Net cash from investing activities | (13,451 | ) | | (4,694 | ) | | (385,167 | ) | | — | | | (403,312 | ) |
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Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 109,313 | | | — | | | 109,313 | |
|
Repayments on notes payable | — | | | — | | | (101,994 | ) | | — | | | (101,994 | ) |
|
Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 115,609 | | | — | | | 115,609 | |
|
Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (72,399 | ) | | — | | | (72,399 | ) |
|
Borrowings on Revolving Loan Facility | 2,639,000 | | | — | | | — | | | — | | | 2,639,000 | |
|
Repayments on Revolving Loan Facility | (2,662,000 | ) | | — | | | — | | | — | | | (2,662,000 | ) |
|
Incurrence of debt under the Euro Term Loan Facility | — | | | — | | | 476,566 | | | — | | | 476,566 | |
|
Repayments of assumed debt related to acquisition of business | — | | | — | | | (111,193 | ) | | — | | | (111,193 | ) |
|
Cash dividends paid | (89,638 | ) | | — | | | — | | | — | | | (89,638 | ) |
|
Taxes paid related to net shares settlement of equity awards | (32,294 | ) | | — | | | — | | | — | | | (32,294 | ) |
|
Excess tax benefit from stock-based compensation | 26,162 | | | — | | | — | | | — | | | 26,162 | |
|
Other | 1,464 | | | — | | | (5,895 | ) | | — | | | (4,431 | ) |
|
Net transactions with related entities | (293,850 | ) | | (266,916 | ) | | (69,442 | ) | | 630,208 | | | — | |
|
Net cash from financing activities | (411,156 | ) | | (266,916 | ) | | 340,565 | | | 630,208 | | | 292,701 | |
|
Effect of changes in foreign exchange rates on cash | — | | | — | | | (4,741 | ) | | — | | | (4,741 | ) |
|
Change in cash and cash equivalents | 404 | | | 1,658 | | | 97,907 | | | — | | | 99,969 | |
|
Cash and cash equivalents at beginning of year | 5,695 | | | 7,811 | | | 102,357 | | | — | | | 115,863 | |
|
Cash and cash equivalents at end of period | $ | 6,099 | | | $ | 9,469 | | | $ | 200,264 | | | $ | — | | | $ | 215,832 | |
|
|
|
| | | | | | | | | | | | | | | | | | | |
| Condensed Consolidating Statement of Cash Flow |
Nine Months Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash from operating activities | $ | 423,624 | | | $ | 177,525 | | | $ | 169,730 | | | $ | (513,894 | ) | | $ | 256,985 | |
|
Investing activities: | | | | | | | | | |
Purchases of property, plant and equipment | (13,106 | ) | | (3,601 | ) | | (14,014 | ) | | — | | | (30,721 | ) |
|
Proceeds from sales of assets | 3,402 | | | 26 | | | 2,468 | | | — | | | 5,896 | |
|
Net cash from investing activities | (9,704 | ) | | (3,575 | ) | | (11,546 | ) | | — | | | (24,825 | ) |
|
Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 68,333 | | | — | | | 68,333 | |
|
Repayments on notes payable | — | | | — | | | (89,168 | ) | | — | | | (89,168 | ) |
|
Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 100,731 | | | — | | | 100,731 | |
|
Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (107,953 | ) | | — | | | (107,953 | ) |
|
Borrowings on Revolving Loan Facility | 2,629,000 | | | — | | | — | | | — | | | 2,629,000 | |
|
Repayments on Revolving Loan Facility | (2,696,500 | ) | | — | | | — | | | — | | | (2,696,500 | ) |
|
Cash dividends paid | (39,615 | ) | | — | | | — | | | — | | | (39,615 | ) |
|
Taxes paid related to net shares settlement of equity awards | (24,832 | ) | | — | | | — | | | — | | | (24,832 | ) |
|
Excess tax benefit from stock-based compensation | 18,220 | | | — | | | — | | | — | | | 18,220 | |
|
Other | 677 | | | — | | | (309 | ) | | (3 | ) | | 365 | |
|
Net transactions with related entities | (292,431 | ) | | (173,187 | ) | | (48,279 | ) | | 513,897 | | | — | |
|
Net cash from financing activities | (405,481 | ) | | (173,187 | ) | | (76,645 | ) | | 513,894 | | | (141,419 | ) |
|
Effect of changes in foreign exchange rates on cash | — | | | — | | | (1,217 | ) | | — | | | (1,217 | ) |
|
Change in cash and cash equivalents | 8,439 | | | 763 | | | 80,322 | | | — | | | 89,524 | |
|
Cash and cash equivalents at beginning of year | 5,617 | | | 1,919 | | | 35,260 | | | — | | | 42,796 | |
|
Cash and cash equivalents at end of period | $ | 14,056 | | | $ | 2,682 | | | $ | 115,582 | | | $ | — | | | $ | 132,320 | |
|
| | | | | | | | | | | | | | | | | | | | |