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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 27, 2019
Jan. 28, 2018
OPERATING ACTIVITIES    
Net earnings $ 241,519 $ 303,211 [1]
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 36,848 35,867
Amortization of intangibles 3,170 3,256
Equity in earnings of affiliates (11,458) (23,531)
Distribution from equity method investees 0 23
Provision (benefit) for deferred income taxes 125 (68,856)
Loss (gain) on property/equipment sales and plant facilities 450 (1,131)
Non-cash investment activities (9,516) (10,880)
Stock-based compensation expense 7,946 7,339
Changes in operating assets and liabilities, net of acquisitions:    
Decrease (increase) in accounts receivable 36,262 69,629
(Increase) decrease in inventories (30,901) (21,255)
(Increase) decrease in prepaid expenses and other current assets (5,625) 569
Increase (decrease) in pension and post-retirement benefits 4,237 2,132
(Decrease) increase in accounts payable and accrued expenses (147,318) (58,077)
Increase (decrease) in net income taxes payable 61,686 65,881
NET CASH PROVIDED BY OPERATING ACTIVITIES 187,425 304,177
INVESTING ACTIVITIES    
Acquisitions of businesses/intangibles 0 (858,102)
Purchases of property/equipment (39,430) (53,694)
Proceeds from sales of property/equipment 30,305 751
Decrease (increase) in investments, equity in affiliates, and other assets 7,302 2,718
Proceeds from company-owned life insurance 144 3,028
NET CASH USED IN INVESTING ACTIVITIES (1,679) (905,299)
FINANCING ACTIVITIES    
Net proceeds from short-term debt 0 255,000
Proceeds from long-term debt 0 375,000
Repayment long-term debt 38  
Repayments of long-term debt   (274)
Dividends paid on common stock (100,125) (89,814)
Share repurchase (44,809) (25,199)
Proceeds from exercise of stock options 15,997 23,455
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (128,899) 538,168
EFFECT OF EXCHANGE RATE CHANGES ON CASH (3,294) 4,607
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 53,553 (58,347)
Cash and cash equivalents at beginning of year 459,136 444,122
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 512,689 $ 385,775
[1] Adjusted due to the adoption of Accounting Standards Update (ASU) 2017-07, Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (Topic 715). See Note A - General.