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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 29, 2018
Jul. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 751,086 $ 628,740
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 111,586 89,930
Amortization of intangibles 9,522 6,191
Equity in earnings of affiliates (50,158) (27,376)
Distribution from equity method investees 20,023 19,521
(Benefit) provision for deferred income taxes (56,110) 11,359
(Gain) loss on property/equipment sales and plant facilities (1,330) 1,283
Gain on insurance proceeds 0 (3,029)
Non-cash investment activities (9,696) (3,790)
Stock-based compensation expense 17,656 13,867
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 78,730 16,722
Increase in inventories (48,927) (72,882)
Increase in prepaid expenses and other current assets (12,863) (22,333)
Increase (decrease) in pension and post-retirement benefits 163 (6,370)
Decrease in accounts payable and accrued expenses (84,182) (166,509)
Increase in net income taxes payable 17,705 46,069
NET CASH PROVIDED BY OPERATING ACTIVITIES 743,205 531,393
INVESTING ACTIVITIES    
Proceeds from sale of business 0 135,944
Acquisitions of businesses/intangibles (857,668) 0
Purchases of property/equipment (243,975) (118,511)
Proceeds from sales of property/equipment 7,242 2,276
Increase in investments, equity in affiliates, and other assets (6,863) (4,851)
Proceeds from company-owned life insurance 5,294 5,323
Proceeds from insurance recoveries 0 3,569
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (1,095,970) 23,750
FINANCING ACTIVITIES    
Net proceeds from short-term debt 95,000 0
Proceeds from long-term debt 375,000 0
Principal payments on long-term debt (199) 0
Dividends paid on common stock (288,515) (256,341)
Share repurchase (44,741) (94,487)
Proceeds from exercise of stock options 40,732 14,337
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 177,277 (336,491)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 348 (454)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (175,140) 218,198
Cash and cash equivalents at beginning of year 444,122 415,143
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 268,982 $ 633,341