| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Net Cash Provided by (Used in) Operating Activities [Abstract] | ||||||
Net income | ||||||
1,026,000 | 693,000 | 724,000 | -225,000 | 677,000 | ||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||
205,000 | -76,000 | 91,000 | -732,000 | 32,000 | ||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||
821,000 | 769,000 | 633,000 | 507,000 | 645,000 | ||
Depreciation of property, plant and equipment | ||||||
182,000 | 172,000 | 156,000 | 161,000 | 165,000 | ||
Amortization of intangibles and other assets | ||||||
59,000 | 53,000 | 42,000 | 42,000 | 49,000 | ||
Deferred income tax provision | ||||||
-7,000 | -8,000 | 27,000 | 18,000 | 113,000 | ||
Stock-based employee compensation expense | ||||||
60,000 | 53,000 | 49,000 | 46,000 | 50,000 | ||
Contributions to employee savings plans in common stock | ||||||
115,000 | 106,000 | 102,000 | 98,000 | 119,000 | ||
Goodwill impairment charges | ||||||
- | - | - | 46,000 | 0 | ||
Amortization of pension and postretirement benefit plans net loss and prior service cost | ||||||
68,000 | 59,000 | 48,000 | 67,000 | 15,000 | ||
Amortization of bond discounts and deferred debt issue costs (included in interest expense) | ||||||
- | - | - | 8,000 | 7,000 | ||
Loss (gain) on sale of property, plant and equipment | ||||||
-4,000 | 31,000 | 5,000 | 0 | - | ||
Gain (Loss) on Disposition of Business | ||||||
42,000 | 0 | 0 | -31,000 | 0 | ||
Debt retirement charges | ||||||
-69,000 | 0 | -7,000 | - | - | ||
Other non-cash items | ||||||
-6,000 | -15,000 | -26,000 | 3,000 | 0 | ||
Changes in operating assets and liabilities, excluding amounts from acquisitions and divestitures, and discontinued operations: | ||||||
Billed receivables | ||||||
195,000 | 18,000 | -1,000 | -61,000 | -39,000 | ||
Contract assets | ||||||
246,000 | 0 | 0 | - | - | ||
Contracts in process | ||||||
0 | 70,000 | -26,000 | -6,000 | -7,000 | ||
Inventories | ||||||
-57,000 | 69,000 | -22,000 | 38,000 | 0 | ||
Prepaid expenses and other current assets | ||||||
75,000 | 58,000 | 23,000 | - | - | ||
Other assets | ||||||
- | - | - | 27,000 | 17,000 | ||
Accounts payable, trade | ||||||
158,000 | 99,000 | -5,000 | -27,000 | -80,000 | ||
Accrued employment costs | ||||||
0 | 28,000 | 10,000 | 35,000 | -5,000 | ||
Accrued expenses | ||||||
55,000 | 32,000 | -6,000 | 23,000 | -14,000 | ||
Contract liabilities | ||||||
-108,000 | 0 | 0 | - | - | ||
Advance payments and billings in excess of costs incurred | ||||||
0 | 13,000 | -73,000 | -7,000 | 65,000 | ||
Income taxes | ||||||
9,000 | -39,000 | 33,000 | -9,000 | -7,000 | ||
Other current liabilities | ||||||
- | - | - | 3,000 | 6,000 | ||
Pension and postretirement benefits | ||||||
- | - | - | -8,000 | -44,000 | ||
All other operating activities | ||||||
164,000 | 121,000 | 48,000 | -2,000 | 25,000 | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | ||||||
1,042,000 | 985,000 | 1,022,000 | 1,035,000 | 1,088,000 | ||
Net Cash Provided by (Used in) Investing Activities [Abstract] | ||||||
Business acquisitions, net of cash acquired | ||||||
369,000 | 316,000 | 388,000 | 320,000 | 57,000 | ||
Proceeds from Divestiture of Businesses and Interests in Affiliates | ||||||
535,000 | 18,000 | 561,000 | 318,000 | 1,000 | ||
Capital expenditures | ||||||
232,000 | 224,000 | 210,000 | 195,000 | 174,000 | ||
Dispositions of property, plant and equipment | ||||||
3,000 | 74,000 | 21,000 | 3,000 | 4,000 | ||
Other investing activities | ||||||
28,000 | 5,000 | -6,000 | -4,000 | -5,000 | ||
Proceeds from sale of senior notes | ||||||
1,798,000 | 0 | 547,000 | - | - | ||
Net cash used in investing activities from continuing operations | ||||||
-91,000 | -453,000 | -10,000 | -190,000 | -221,000 | ||
Net Cash Provided by (Used in) Financing Activities [Abstract] | ||||||
Proceeds from sale of senior notes | ||||||
- | - | - | 0 | 996,000 | ||
Redemption of CODES | ||||||
- | - | - | - | 935,000 | ||
Repayments of Senior Debt | ||||||
1,865,000 | 0 | 856,000 | 297,000 | 0 | ||
Proceeds from Lines of Credit | ||||||
501,000 | 1,328,000 | 819,000 | 1,194,000 | 1,367,000 | ||
Repayments of Lines of Credit | ||||||
501,000 | 1,328,000 | 819,000 | 1,194,000 | 1,367,000 | ||
Common stock repurchased | ||||||
322,000 | 180,000 | 373,000 | 740,000 | 823,000 | ||
Dividends paid | ||||||
254,000 | 236,000 | 220,000 | 214,000 | 208,000 | ||
Proceeds from exercises of stock options | ||||||
149,000 | 46,000 | 53,000 | 48,000 | 93,000 | ||
Proceeds from employee stock purchase plan | ||||||
33,000 | 32,000 | 31,000 | 34,000 | 35,000 | ||
Repurchases of common stock to satisfy tax withholding obligations | ||||||
31,000 | 18,000 | 21,000 | 33,000 | 27,000 | ||
Debt issue costs | ||||||
15,000 | 0 | 10,000 | 0 | 8,000 | ||
Other financing activities | ||||||
-13,000 | -10,000 | -7,000 | -3,000 | -16,000 | ||
Net cash used in financing activities from continuing operations | ||||||
-520,000 | -366,000 | -856,000 | -1,205,000 | -893,000 | ||
Effect of Exchange Rate on Cash and Cash Equivalents | ||||||
-15,000 | 20,000 | -13,000 | -19,000 | -17,000 | ||
Net cash from (used in) discontinued operations: | ||||||
Operating activities | ||||||
-10,000 | 117,000 | 19,000 | 90,000 | 54,000 | ||
Investing activities | ||||||
-2,000 | -4,000 | -6,000 | -7,000 | -8,000 | ||
Net Cash Provided by (Used in) Discontinued Operations | ||||||
-12,000 | 113,000 | 13,000 | 83,000 | 46,000 | ||
Net increase (decrease) cash and cash equivalents | ||||||
404,000 | 299,000 | 156,000 | -235,000 | -58,000 | ||
Change in cash balance in assets held for sale | ||||||
- | - | - | 61,000 | -61,000 | ||