Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Jan. 02, 2016
Operating activities          
Net income $ 498,489 $ 459,864 $ 809,773 $ 919,384  
Adjustments to reconcile net income to cash provided (used) by operating activities          
Depreciation and amortization     205,491 198,304  
Stock-based compensation     54,933 73,136  
Provision for doubtful accounts     16,193 7,876  
Pension expense in excess of (less than) contributions     33,866 (220,339)  
Loss on sale of businesses     104,357    
Other, net     22,466 604  
Changes in operating assets and liabilities:          
Accounts receivable     (501,186) (653,545)  
Inventories     (443,115) (587,669)  
Accounts payable     (116,800) (100,533)  
Income taxes     (141,262) 21,451  
Accrued liabilities     56,055 74,845  
Other assets and liabilities     (57,403) (13,725)  
Cash provided (used) by operating activities     43,368 (280,211)  
Investing activities          
Capital expenditures     (129,947) (187,281)  
Proceeds from sale of businesses, net of cash sold     115,983    
Software purchases     (31,843) (53,053)  
Other, net     (4,997) 3,150  
Cash used by investing activities     (50,804) (237,184)  
Financing activities          
Net increase in short-term borrowings     287,759 1,268,146  
Payments on long-term debt     (12,385) (3,163)  
Payment of debt issuance costs     (6,772) (1,475)  
Proceeds from long-term debt     951,782    
Purchases of treasury stock     (1,000,230) (731,936)  
Cash dividends paid     (462,406) (407,684)  
Proceeds from issuance of Common Stock, net of shares withheld for taxes     40,667 23,168  
Cash (used) provided by financing activities     (201,585) 147,056  
Effect of foreign currency rate changes on cash and equivalents     1,241 (34,957)  
Net change in cash and equivalents     (207,780) (405,296)  
Cash and equivalents - beginning of year [1]     945,605 971,895 $ 971,895
Cash and equivalents - end of period [1] $ 737,825 $ 566,599 $ 737,825 $ 566,599 $ 945,605
[1] The cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statements of Cash Flows. The cash and equivalents amounts presented above differ from cash and equivalents in the Consolidated Balance Sheets due to cash included in "Current assets of discontinued operations."