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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 29, 2018
Apr. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 540,733 $ 446,189
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 74,081 59,185
Amortization of intangibles 6,235 4,143
Equity in earnings of affiliates (37,017) (23,420)
Distribution from equity method investees 10,024 12,522
(Benefit) provision for deferred income taxes (74,486) 11,336
(Gain) loss on property/equipment sales and plant facilities (1,384) 1,285
Non-cash investment activities (8,451) (2,618)
Stock-based compensation expense 11,391 11,861
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 87,141 40,728
Increase in inventories (59,094) (47,792)
Increase in prepaid expenses and other current assets (3,926) (21,790)
Increase in pension and post-retirement benefits 1,525 6,468
Decrease in accounts payable and accrued expenses (122,847) (215,253)
Increase (decrease) in net income taxes payable 19,416 (2,292)
NET CASH PROVIDED BY OPERATING ACTIVITIES 443,341 280,552
INVESTING ACTIVITIES    
Proceeds from sale of business 0 135,944
Acquisitions of businesses/intangibles (857,673) 0
Purchases of property/equipment (141,160) (76,975)
Proceeds from sales of property/equipment 6,439 1,157
Decrease (increase) in investments, equity in affiliates, and other assets 2,906 (1,028)
Proceeds from company-owned life insurance 3,028 5,005
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (986,460) 64,103
FINANCING ACTIVITIES    
Net proceeds from short-term debt 185,000 0
Proceeds from long-term debt 375,000 0
Principal payments on long-term debt (237) 0
Dividends paid on common stock (189,139) (166,507)
Share repurchase (44,741) (49,583)
Proceeds from exercise of stock options 29,978 8,879
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 355,861 (207,211)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 4,707 (3,686)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (182,551) 133,758
Cash and cash equivalents at beginning of year 444,122 415,143
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 261,571 $ 548,901