XML 18 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 28, 2019
Apr. 29, 2018
Operating Activities    
Net Earnings $ 524,155 $ 540,733
Adjustments to Reconcile to Net Cash Provided by Operating Activities:    
Depreciation 74,458 74,081
Amortization of Intangibles 6,285 6,235
Equity in Earnings of Affiliates (24,749) (37,017)
Distribution from Equity Method Investees 10,000 10,024
(Benefit) Provision for Deferred Income Taxes (37,940) (74,486)
Loss (Gain) on Property/Equipment Sales and Plant Facilities 458 (1,384)
Gain on Sale of Business (16,469) 0
Non-cash Investment Activities (17,632) (8,451)
Stock-based Compensation Expense 13,514 11,391
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Decrease (Increase) in Accounts Receivable 32,634 87,141
(Increase) Decrease in Inventories (111,601) (59,094)
(Increase) Decrease in Prepaid Expenses and Other Current Assets (7,198) (3,926)
Increase (Decrease) in Pension and Post-retirement Benefits 6,380 1,525
(Decrease) Increase in Accounts Payable and Accrued Expenses (108,347) (122,847)
Increase (Decrease) in Net Income Taxes Payable 21,645 19,416
Net Cash Provided by Operating Activities 365,593 443,341
Investing Activities    
Net (Purchase) Sale of Securities (6,664) 0
Proceeds from Sale of Business 473,885 0
Acquisitions of Businesses/Intangibles 0 (857,673)
Purchases of Property/Equipment (87,621) (141,160)
Proceeds from Sales of Property/Equipment 31,167 6,439
(Increase) Decrease in Investments, Equity in Affiliates, and Other Assets (110) 2,906
Proceeds from Company-owned Life Insurance 14,170 3,028
Net Cash Provided by (Used in) Investing Activities 424,827 (986,460)
Financing Activities    
Net Proceeds from Short-term Debt 0 185,000
Proceeds from Long-term Debt 0 375,000
Repayments of Long-term Debt (374,840) (237)
Dividends Paid on Common Stock (212,287) (189,139)
Share Repurchase (67,622) (44,741)
Proceeds from Exercise of Stock Options 44,277 29,978
Net Cash (Used in) Provided by Financing Activities (610,472) 355,861
Effect of Exchange Rate Changes on Cash 243 4,707
Increase (Decrease) in Cash and Cash Equivalents 180,191 (182,551)
Cash and Cash Equivalents at Beginning of Year 459,136 444,122
Cash and Cash Equivalents at End of Quarter $ 639,327 $ 261,571