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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 28, 2019
Jul. 29, 2018
Operating Activities    
Net Earnings $ 723,582 $ 751,086 [1]
Adjustments to Reconcile to Net Cash Provided by Operating Activities:    
Depreciation 113,278 111,586
Amortization of Intangibles 8,937 9,522
Equity in Earnings of Affiliates (28,133) (50,158)
Distribution from Equity Method Investees 20,000 20,023
(Benefit) Provision for Deferred Income Taxes (37,921) (56,110)
(Gain) Loss on Property/Equipment Sales and Plant Facilities (1,046) (1,330)
Gain on Sale of Business (16,469) 0
Non-cash Investment Activities (19,778) (9,696)
Stock-based Compensation Expense 16,707 17,656
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Decrease (Increase) in Accounts Receivable 41,309 78,730
(Increase) Decrease in Inventories (190,064) (48,927)
(Increase) Decrease in Prepaid Expenses and Other Current Assets (589) (12,863)
Increase (Decrease) in Pension and Post-retirement Benefits 8,473 163
(Decrease) Increase in Accounts Payable and Accrued Expenses (94,348) (84,182)
Increase (Decrease) in Net Income Taxes Payable 28,974 17,705
Net Cash Provided by Operating Activities 572,912 743,205
Investing Activities    
Net (Purchase) Sale of Securities (13,884) 0
Proceeds from Sale of Business 473,885 0
Acquisitions of Businesses/Intangibles 0 (857,668)
Purchases of Property/Equipment (154,231) (243,975)
Proceeds from Sales of Property/Equipment 36,258 7,242
(Increase) Decrease in Investments, Equity in Affiliates, and Other Assets (3,542) (6,863)
Proceeds from Company-owned Life Insurance 16,455 5,294
Net Cash Provided by (Used in) Investing Activities 354,941 (1,095,970)
Financing Activities    
Net Proceeds from Short-term Debt 0 95,000
Proceeds from Long-term Debt 0 375,000
Repayments of Long-term Debt (374,840) (199)
Dividends Paid on Common Stock (324,971) (288,515)
Share Repurchase (174,246) (44,741)
Proceeds from Exercise of Stock Options 48,107 40,732
Net Cash (Used in) Provided by Financing Activities (825,950) 177,277
Effect of Exchange Rate Changes on Cash (840) 348
Increase (Decrease) in Cash and Cash Equivalents 101,063 (175,140)
Cash and Cash Equivalents at Beginning of Year 459,136 444,122
Cash and Cash Equivalents at End of Quarter $ 560,199 $ 268,982
[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.