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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 28, 2018
Oct. 29, 2017
Oct. 30, 2016
[3]
Operating Activities      
Net earnings $ 1,012,582 $ 847,103 $ 890,517 [1],[2]
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 149,205 122,594 123,581
Amortization of intangibles 12,653 8,383 8,387
Goodwill/intangible impairment 17,279 180 991 [1]
Equity in earnings of affiliates (58,972) (39,590) (38,685)
Distributions received from equity method investees 30,023 27,521 46,190
Provision for deferred income taxes (7,441) 62,166 44,327
(Gain) loss on property/equipment sales and plant facilities (2,867) 322 80
Gain on insurance proceeds 0 (3,914) 0
Non-cash investment activities (7,908) (4,864) (1,287)
Stock-based compensation expense 20,595 15,591 17,829
Changes in operating assets and liabilities, net of acquisitions:      
Decrease (increase) in accounts receivable 36,133 (29,717) 20,904
(Increase) decrease in inventories (8,293) 41,028 (12,281)
(Increase) decrease in prepaid expenses and other current assets (4,771) (22,459) 13,235
(Decrease) increase in pension and post-retirement benefits (13,216) (13,275) (34,510)
Increase (decrease) in accounts payable and accrued expenses 48,376 (2,553) (40,783)
Increase (decrease) in net income taxes payable 18,351 25,369 1,525
Net Cash Provided by Operating Activities 1,241,729 1,033,885 1,040,020
Investing Activities      
Proceeds from sale of business 0 135,944 110,149
Acquisitions of businesses/intangibles (857,668) (520,463) (280,889)
Purchases of property/equipment (389,607) (221,286) (255,524)
Proceeds from sales of property/equipment 9,749 3,754 6,227
(Increase) decrease in investments, equity in affiliates, and other assets (7,546) 5,095 10,214
Proceeds from company-owned life insurance 9,704 5,323 1,349
Proceeds from insurance recoveries 0 4,454 0
Net Cash Used in Investing Activities (1,235,368) (587,179) (408,474)
Financing Activities      
Principal payments on short-term debt 0 0 (185,000)
Proceeds from long-term debt 375,000 0 0
Principal payments on long-term debt (160) 0 0
Dividends paid on common stock (388,107) (346,010) (296,493)
Share repurchase (46,898) (94,487) (87,885)
Proceeds from exercise of stock options 71,803 21,726 12,075
Net Cash Provided by (Used in) Financing Activities 11,638 (418,771) (557,303)
Effect of exchange rate changes on cash (2,985) 1,044 (6,339)
Increase in Cash and Cash Equivalents 15,014 28,979 67,904
Cash and cash equivalents at beginning of year 444,122 415,143 [3] 347,239
Cash and Cash Equivalents at the End of Year $ 459,136 $ 444,122 $ 415,143
[1] Fiscal 2016 included 53 weeks.
[2] Fiscal 2016 included 53 weeks.
[3] Fiscal 2016 included 53 weeks.