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Pension and Other Post-retirement Benefits (Tables)
 12 Months Ended
Oct. 27, 2019
Retirement Benefits [Abstract]  
Schedule of net periodic cost of defined benefit plans
Net periodic cost of defined benefit plans included the following: 
 
 
Pension Benefits
 
Post-retirement Benefits
(in thousands)
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Service Cost
 
$
26,042

 
$
31,612

 
$
30,256

 
$
690

 
$
980

 
$
1,106

Interest Cost
 
60,385

 
56,196

 
54,263

 
12,016

 
11,169

 
11,630

Expected Return on Plan Assets
 
(92,492
)
 
(99,091
)
 
(90,936
)
 
—

 
—

 
—

Amortization of Prior Service Cost
 
(2,795
)
 
(2,468
)
 
(3,000
)
 
(2,675
)
 
(3,111
)
 
(4,274
)
Recognized Actuarial Loss (Gain)
 
14,805

 
18,166

 
26,166

 
—

 
179

 
2,424

Curtailment (Gain) Charge
 
2,825

 
—

 
—

 
1,219

 
—

 
—

Net Periodic Cost
 
$
8,770

 
$
4,415

 
$
16,749

 
$
11,250

 
$
9,217

 
$
10,886
Schedule of amounts that have not been recognized in net periodic pension cost and are included in accumulated other comprehensive loss The following amounts have not been recognized in net periodic pension cost and are included in Accumulated Other Comprehensive Loss: 
 
 
Pension Benefits
 
Post-retirement Benefits
(in thousands)
 
2019
 
2018
 
2019
 
2018
Unrecognized Prior Service Credit
 
$
40

 
$
8,097

 
$
3,166

 
$
6,461

Unrecognized Actuarial Losses
 
(429,599
)
 
(336,894
)
 
(34,266
)
 
(9,302
)
Schedule of amounts that are expected to be recognized in net periodic benefit expense in fiscal year 2016
The following amounts are expected to be recognized in net periodic benefit expense in fiscal 2020: 
(in thousands)
 
Pension
 Benefits
 
Post-
retirement
Benefits
Amortized Prior Service Credit
 
$
(2,168
)
 
$
(2,651
)
Recognized Actuarial Losses
 
22,383

 
1,046
Schedule of reconciliation of the beginning and ending balances of the benefit obligation, the fair value of plan assets, and the funded status of the plans
The following is a reconciliation of the beginning and ending balances of the benefit obligation, the fair value of plan assets, and the funded status of the plans as of the October 27, 2019, and the October 28, 2018, measurement dates: 
 
 
Pension Benefits
 
Post-retirement Benefits
(in thousands)
 
2019
 
2018
 
2019
 
2018
Change in Benefit Obligation
 
 
 
 
 
 
 
 
Benefit Obligation at Beginning of Year
 
$
1,350,903

 
$
1,460,098

 
$
272,272

 
$
304,683

Service Cost
 
26,042

 
31,612

 
690

 
980

Interest Cost
 
60,385

 
56,196

 
12,016

 
11,169

Actuarial (Gain) Loss
 
241,694

 
(134,924
)
 
24,912

 
(24,515
)
Plan Amendments
 
8,086

 
—

 
—

 
—

Curtailment (Gain) Loss
 
(513
)
 
—

 
1,839

 
—

Participant Contributions
 
—

 
—

 
2,302

 
2,232

Medicare Part D Subsidy
 
—

 
—

 
662

 
768

Benefits Paid
 
(70,420
)
 
(62,079
)
 
(23,747
)
 
(23,045
)
Benefit Obligation at End of Year
 
$
1,616,177

 
$
1,350,903

 
$
290,946

 
$
272,272

 
 
 
Pension Benefits
 
Post-retirement Benefits
(in thousands)
 
2019
 
2018
 
2019
 
2018
Change in Plan Assets
 
 
 
 
 
 
 
 
Fair Value of Plan Assets at Beginning of Year
 
$
1,313,380

 
$
1,379,953

 
$
—

 
$
—

Actual Return on Plan Assets
 
226,171

 
(10,780
)
 
—

 
—

Participant Contributions
 
—

 
—

 
2,302

 
2,232

Employer Contributions
 
8,157

 
6,286

 
21,445

 
20,813

Benefits Paid
 
(70,420
)
 
(62,079
)
 
(23,747
)
 
(23,045
)
Fair Value of Plan Assets at End of Year
 
$
1,477,288

 
$
1,313,380

 
$
—

 
$
—

Funded Status at End of Year
 
$
(138,889
)
 
$
(37,523
)
 
$
(290,946
)
 
$
(272,272
)
Schedule of amounts recognized in the Consolidated Statements of Financial Position
Amounts recognized in the Consolidated Statements of Financial Position as of October 27, 2019, and October 28, 2018, are as follows:
 
 
Pension Benefits
 
Post-retirement Benefits
(in thousands)
 
2019
 
2018
 
2019
 
2018
Pension Assets
 
$
135,915

 
$
195,153

 
$
—

 
$
—

Employee-related Expenses
 
(8,842
)
 
(6,851
)
 
(20,418
)
 
(20,540
)
Pension and Post-retirement Benefits
 
(265,962
)
 
(225,825
)
 
(270,528
)
 
(251,732
)
Net Amount Recognized
 
$
(138,889
)
 
$
(37,523
)
 
$
(290,946
)
 
$
(272,272
)
Schedule of information for pension plans with accumulated benefit obligations in excess of plan assets The following table provides information for pension plans with accumulated benefit obligations in excess of plan assets: 
(in thousands)
 
2019
 
2018
Projected Benefit Obligation
 
$
274,804

 
$
232,676

Accumulated Benefit Obligation
 
269,114

 
227,015

Fair Value of Plan Assets
 
—

 
—
Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit costs
Weighted-average assumptions used to determine benefit obligations are as follows: 
 
 
2019
 
2018
Discount Rate
 
3.37
%
 
4.55
%
Rate of Future Compensation Increase (For Plans that Base Benefits on
   Final Compensation Level)
 
4.06
%
 
3.96
%

Weighted-average assumptions used to determine net periodic benefit costs are as follows: 
 
 
2019
 
2018
 
2017
Discount Rate
 
4.55
%
 
3.91
%
 
3.94
%
Rate of Future Compensation Increase (for Plans
   that Base Benefits on Final Compensation Level)
 
3.96
%
 
3.95
%
 
3.96
%
Expected Long-term Return on Plan Assets
 
7.15
%
 
7.30
%
 
7.50
%
Schedule of effects of one-percentage-point change in assumed discount rate, expected long-term rate of return on plan assets, rate of future compensation increase, and health care cost trend rate A one-percentage-point change in these rates would have the following effects:
 
 
1-Percentage-Point
 
 
Expense
 
Benefit Obligation
(in thousands)
 
Increase
 
Decrease
 
Increase
 
Decrease
Pension Benefits
 
 
 
 
 
 
 
 
Discount Rate
 
$
(15,524
)
 
$
19,667

 
$
(212,189
)
 
$
269,098

Expected Long-term Rate of Return on Plan Assets
 
(14,469
)
 
14,469

 
—

 
—

Rate of Future Compensation Increase
 
5,138

 
(4,471
)
 
10,730

 
(9,339
)
Post-retirement Benefits
 
 
 
 
 
 
 
 
Discount Rate
 
$
460

 
$
4,094

 
$
(27,176
)
 
$
32,603

Health Care Cost Trend Rate
 
1,249

 
(1,080
)
 
29,725

 
(25,575
)
Schedule of benefits expected to be paid over the next ten fiscal years
Benefits expected to be paid over the next ten fiscal years are as follows: 
(in thousands)
 
Pension Benefits
 
Post-retirement Benefits
2020
 
$
67,623

 
$
20,752

2021
 
69,920

 
20,630

2022
 
72,134

 
20,391

2023
 
74,884

 
20,161

2024
 
78,467

 
19,750

2025-2029
 
436,746

 
89,926
Schedule of actual and target weighted-average asset allocations for pension plan assets
The actual and target weighted-average asset allocations for the Company’s pension plan assets as of the plan measurement date are as follows: 
 
 
2019
Asset Category
 
Actual %
 
Target
Range %
Fixed Income
 
44.9
 
35-60

Global Stocks
 
38.0
 
20-55

Private Equity
 
5.7
 
0-10

Real Estate
 
5.4
 
0-10

Hedge Funds
 
4.8
 
0-10

Cash and Cash Equivalents
 
1.2
 
—

 
 
2018
Asset Category
 
Actual %
 
Target
Range %
Large Capitalization Equity
 
13.7
 
12-22

Small Capitalization Equity
 
12.7
 
3-13

International Equity
 
14.9
 
10-20

Global Equity
 
12.4
 
5-20

Private Equity
 
5.8
 
0-15

  Total Equity Securities
 
59.5
 
50-75

Fixed Income
 
33.6
 
25-45

Real Estate
 
5.7
 
0-10

Cash and Cash Equivalents
 
1.2
 
—
Schedule of categories of defined benefit pension plan assets and the level under which fair values were determined in the fair value hierarchy
The following tables show the categories of defined benefit pension plan assets and the level under which fair values were determined in the fair value hierarchy. Assets measured at fair value using the net asset value (NAV) per share practical expedient are not required to be classified in the fair value hierarchy. These amounts are provided to permit reconciliation to the total fair value of plan assets.    
 
 
Fair Value Measurements as of October 27, 2019
(in thousands)
 
Total
Fair Value
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy
 
 

 
 

 
 

 
 

Cash Equivalents(1)
 
$
17,385

 
$
2,445

 
$
14,940

 
$
—

Private Equity(2)
 
 
 
 
 
 
 
 
Domestic
 
49,049

 
—

 
—

 
49,049

International
 
35,852

 
—

 
—

 
35,852

Fixed Income(3)
 
 
 
 
 
 
 
 
US Government Issues
 
281,879

 
277,790

 
4,089

 
—

Municipal Issues
 
20,846

 
—

 
20,846

 
—

Corporate Issues – Domestic
 
313,719

 
—

 
313,719

 
—

Corporate Issues – Foreign
 
46,181

 
—

 
46,181

 
—

Global Stocks - Mutual Funds(4)
 
156,974

 
156,974

 
—

 
—

Plan Assets in Fair Value Hierarchy
 
$
921,885

 
$
437,209

 
$
399,775

 
$
84,901

 
 
 
 
 
 
 
 
 
Plan Assets at Net Asset Value
 
 
 
 
 
 
 
 
Real Estate – Domestic(5)
 
$
79,329

 
 
 
 
 
 
Global Stocks - Collective Investment Funds(6)
 
404,971

 
 
 
 
 
 
Hedge Funds(7)
 
71,103

 
 
 
 
 
 
Plan Assets at Net Asset Value
 
$
555,403

 
 
 
 
 
 
Total Plan Assets at Fair Value
 
$
1,477,288

 
 
 
 
 
 
 
 
Fair Value Measurements as of October 28, 2018
(in thousands)
 
Total
Fair Value
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy
 
 

 
 

 
 

 
 

Cash Equivalents(1)
 
$
16,129

 
$
16,129

 
$
—

 
$
—

Large Capitalization Equity(8)
 
 
 
 
 
 
 
 
Domestic
 
113,086

 
113,086

 
—

 
—

Foreign
 
29,810

 
29,810

 
—

 
—

Small Capitalization Equity(9)
 
 
 
 
 
 
 
 
Domestic
 
145,872

 
145,872

 
—

 
—

Foreign
 
21,417

 
21,417

 
—

 
—

Private Equity(2)
 
 
 
 
 
 
 
 
Domestic
 
51,377

 
—

 
—

 
51,377

International
 
24,880

 
—

 
—

 
24,880

Fixed Income(3)
 
 
 
 
 
 
 
 
US Government Issues
 
157,312

 
153,566

 
3,746

 
—

Municipal Issues
 
19,456

 
—

 
19,456

 
—

Corporate Issues – Domestic
 
222,617

 
—

 
222,617

 
—

Corporate Issues – Foreign
 
42,513

 
—

 
42,513

 
—

Plan Assets in Fair Value Hierarchy
 
$
844,469

 
$
479,880

 
$
288,332

 
$
76,257

 
 
 
 
 
 
 
 
 
Plan Assets at Net Asset Value
 
 
 
 
 
 
 
 
Large Capitalization Equity – Domestic(10)
 
$
37,176

 
 
 
 
 
 
International Equity – Mutual Fund(11)
 
107,956

 
 
 
 
 
 
International Equity – Collective Trust(12)
 
86,641

 
 
 
 
 
 
Global Equity – Mutual Fund(13)
 
162,630

 
 
 
 
 
 
Real Estate – Domestic(5)
 
74,508

 
 
 
 
 
 
Plan Assets at Net Asset Value
 
$
468,911

 
 
 
 
 
 
Total Plan Assets at Fair Value
 
$
1,313,380

 
 
 
 
 
 
 
The following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments:
 
(1) Cash Equivalents: These Level 1 and Level 2 investments consist primarily of highly liquid money market mutual funds traded in active markets in addition to highly liquid futures and T-bills with an observable daily settlement price.
(2) Private Equity: These Level 3 investments consist of various collective investment funds, which are managed by a third party, invested in a well-diversified portfolio of equity investments from top performing, high quality firms focused on U.S. and foreign small to mid-markets, venture capitalists, and entrepreneurs with a concentration in areas of innovation. Investment strategies include buyouts, growth capital, buildups, and distressed, as well as early stages of company development mainly in the U.S. The fair value of these funds is based on the fair value of the underlying investments.

(3) Fixed Income: The Level 1 investments include U.S. Treasury bonds and notes, which are valued at the closing price reported on the active market in which the individual securities are traded. The Level 2 investments consist principally of U.S. government securities, which are valued daily using institutional bond quote sources and mortgage-backed securities pricing sources and municipal, domestic, and foreign securities, which are valued daily using institutional bond quote sources.

(4) Global Stocks - Mutual Fund: These Level 1 investments include open-ended mutual funds consisting of a mix of U.S. common stocks and foreign common stocks, which is valued at closing price reported on the active market in which the fund is traded. The investment strategy is to obtain long term capital appreciation by focusing on companies generating above average earnings growth and are leading growth businesses in the marketplace. There are no restrictions on redemptions.

(5) Real Estate - domestic: These investments include ownership in open-ended real estate funds, which manage diversified portfolios of commercial properties within the office, residential, retail, and industrial property sectors. Investment strategies aim to acquire, own, hold, or dispose of investments with the goal of achieving current income and/or capital appreciation. The real estate investments are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted on a quarterly basis with either 45 or 90 days advance notice, subject to availability of cash.

(6) Global Stocks - Collective Investment Funds: These investments include commingled funds consisting of a mix of U.S. common stocks and foreign common stocks. The collective investment funds are valued at the NAV of shares held by the Master Trust. The investment strategy is to obtain long term capital appreciation by focusing on companies generating above average earnings growth and are leading growth businesses in the marketplace. All funds are daily liquid with the exception of one that is available on the first business day of the month for subscriptions and withdrawals.

(7) Hedge Funds: These investments are designed to provide diversification to an overall institutional portfolio and, in particular, provide protection against equity market downturns. They are comprised of CTAs/Managed Futures, Global Marcro (Discretionary and/or Quant), and Long Volatility/Tail Risk Hedging strategies. The hedge funds are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted daily, monthly or quarterly.

(8) Large Capitalization Equity: The Level 1 investments include a mix of predominately U.S. common stocks and foreign common stocks, which are valued at the closing price reported on the active market in which the individual securities are traded.
 
(9) Small Capitalization Equity: The Level 1 investments include a mix of predominately U.S. common stocks and foreign common stocks, which are valued at the closing price reported on the active market in which the individual securities are traded.

(10) Large Capitalization Equity – Domestic: The collective investment is valued at the publicly available NAV of shares held by the Master Trust at year end. The investment objective is to maintain a portfolio of equity securities that approximate the weighted total rate of return within the Standard & Poor’s 500 stock index. There are no restrictions on redemptions.
 
(11) International Equity – Mutual Funds: The mutual funds are valued at the publicly available NAV of shares held by the Master Trust at year end. The investment seeks long term growth of principal and income by investing in medium to large well established companies. There are no restrictions on redemptions.
 
(12) International Equity – Collective Trust: The collective investment funds are valued at the NAV of shares held by the Master Trust at year end. The investment objective of this fund is to generate a long term return through investments in quoted international equities. Redemptions can be made on a monthly basis as of the first business day of each month.
 
(13) Global Equity – Mutual Fund: This investment includes an open-ended mutual fund consisting of a mix of U.S. common stocks and foreign common stocks, which is valued at the publicly available NAV of shares held by the Master Trust at year end. The investment strategy is to obtain long term capital appreciation by focusing on companies generating above average earnings growth and are leading growth businesses in the marketplace. There are no restrictions on redemptions.
Schedule of reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3)
A reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3) is as follows:
(in thousands)
 
2019
 
2018
Beginning Balance
 
$
76,257

 
$
74,204

Purchases, Issuances, and Settlements (Net)
 
(2,894
)
 
(14,867
)
Unrealized Gains (Losses)
 
1,182

 
3,724

Realized Gains
 
9,738

 
11,331

Interest and Dividend Income
 
618

 
1,865

Ending Balance
 
$
84,901

 
$
76,257
Schedule of unfunded private equity commitment balance for each investment category The unfunded private equity commitment balance for each investment category as of October 27, 2019, and October 28, 2018 is as follows: 
(in thousands)
 
2019
 
2018
Domestic Equity
 
$
363

 
$
677

International Equity
 
22,969

 
36,142

Unfunded Commitment Balance
 
$
23,332

 
$
36,819