Income Taxes (Tables)

12 Months Ended

Oct. 27, 2019

Income Tax Disclosure [Abstract]

Schedule of components of provision for income taxes

The components of the Provision for Income Taxes are as follows: 

(in thousands)	2019			2018			2017
Current
U.S. Federal	$	161,233		$	134,869		$	329,707
State	30,774			27,782			32,719
Foreign	9,919			13,492			6,950
Total Current	201,926			176,143			369,376
Deferred
U.S. Federal	27,817			(15,573		)	57,533
State	1,473			10,975			4,510
Foreign	(649		)	(2,843		)	123
Total Deferred	28,641			(7,441		)	62,166
Total Provision for Income Taxes	$	230,567		$	168,702		$	431,542

Schedule of significant components of the deferred income tax liabilities and assets

Significant components of the deferred income tax liabilities and assets are as follows: 

(in thousands)	October 27, 2019			October 28, 2018
Deferred Tax Liabilities
Goodwill and Intangible Assets	$	(240,935	)	$	(266,709	)
Tax over Book Depreciation and Basis Differences	(153,104		)	(117,861		)
Other, net	(11,844		)	(11,221		)
Deferred Tax Assets
Pension and Other Post-retirement Benefits	105,948			75,501
Employee Compensation Related Liabilities	65,887			64,852
Marketing and Promotional Accruals	15,581			22,595
Other, net	41,893			35,750
Net Deferred Tax (Liabilities) Assets	$	(176,574	)	$	(197,093	)

Schedule of reconciliation of the statutory federal income tax rate to the effective tax rate

Reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: 

	2019		2018		2017
U.S. Statutory Rate	21.0	%	23.4	%	35.0	%
State Taxes on Income, Net of Federal Tax Benefit	2.5		2.6		1.7
Domestic Production Activities Deduction	—		(1.5	)	(2.4	)
Divestitures	(1.4	)	—		—
Provisional Tax Law Change	—		(6.3	)	—
Stock-based Compensation	(2.2	)	(3.4	)	—
All Other, net	(0.8	)	(0.5	)	(0.6	)
Effective Tax Rate	19.1	%	14.3	%	33.7	%

Schedule of changes in the unrecognized tax benefits, excluding interest and penalties

The following table sets forth changes in the unrecognized tax benefits, excluding interest and penalties, for fiscal years 2018 and 2019. 

(in thousands)
Balance as of October 29, 2017	$	32,797
Tax Positions Related to the Current Period
Increases	3,540
Tax Positions Related to Prior Periods
Increases	3,712
Decreases	(1,874		)
Settlements	(2,702		)
Decreases Related to a Lapse of Applicable Statute of Limitations	(2,356		)
Balance as of October 28, 2018	$	33,117
Tax Positions Related to the Current Period
Increases	4,885
Tax Positions Related to Prior Periods
Increases	2,997
Decreases	(9,585		)
Settlements	(927		)
Decreases Related to a Lapse of Applicable Statute of Limitations	(2,661		)
Balance as of October 27, 2019	$	27,826