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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 27, 2019
Oct. 28, 2018
Oct. 29, 2017
Operating Activities      
Net Earnings $ 979,148 $ 1,012,582 [1] $ 847,103 [1]
Adjustments to Reconcile to Net Cash Provided by Operating Activities:      
Depreciation 153,182 149,205 122,594
Amortization 12,027 12,653 8,383
Goodwill/Intangible Impairment 0 17,279 [1] 180 [1]
Equity in Earnings of Affiliates (39,201) (58,972) (39,590)
Distributions Received from Equity Method Investees 22,500 30,023 27,521
Provision for Deferred Income Taxes 28,641 (7,441) 62,166
(Gain) Loss on Property/Equipment Sales and Plant Facilities (811) (2,867) 322
Gain on Sale of Business (16,469) 0 0
Gain on Insurance Proceeds 0 0 (3,914)
Non-cash Investment Activities (20,180) (7,908) (4,864)
Stock-based Compensation Expense 19,707 20,595 15,591
Changes in Operating Assets and Liabilities, Net of Acquisitions:      
(Increase) Decrease in Accounts Receivable (11,146) 36,133 (29,717)
(Increase) Decrease in Inventories (123,843) (8,293) 41,028
(Increase) Decrease in Prepaid Expenses and Other Current Assets (10,105) (4,771) (22,459)
(Decrease) Increase in Pension and Post-retirement Benefits (10,416) (13,216) (13,275)
(Decrease) Increase in Accounts Payable and Accrued Expenses (44,109) 48,376 (2,553)
(Decrease) Increase in Net Income Taxes Payable (15,929) 18,351 25,369
Net Cash Provided by Operating Activities 922,996 1,241,729 1,033,885
Investing Activities      
Net (Purchase) Sale of Securities (14,496) 0 0
Proceeds from Sale of Business 479,806 0 135,944
Acquisitions of Businesses/Intangibles 0 (857,668) (520,463)
Purchases of Property/Equipment (293,838) (389,607) (221,286)
Proceeds from Sales of Property/Equipment 37,402 9,749 3,754
(Increase) Decrease in Investments, Equity in Affiliates, and Other Assets (6,479) (7,546) 5,095
Proceeds from Company-owned Life Insurance 17,758 9,704 5,323
Proceeds from Insurance Recoveries 0 0 4,454
Net Cash Provided by (Used in) Investing Activities 220,153 (1,235,368) (587,179)
Financing Activities      
Proceeds from Long-term Debt 0 375,000 0
Principal Payments on Long-term Debt (374,840) (160) 0
Dividends Paid on Common Stock (437,053) (388,107) (346,010)
Share Repurchase (174,246) (46,898) (94,487)
Proceeds from Exercise of Stock Options 59,895 71,803 21,726
Net Cash (Used in) Provided by Financing Activities (926,244) 11,638 (418,771)
Effect of Exchange Rate Changes on Cash (3,140) (2,985) 1,044
Increase in Cash and Cash Equivalents 213,765 15,014 28,979
Cash and Cash Equivalents at Beginning of Year 459,136 444,122 415,143
Cash and Cash Equivalents at End of Year $ 672,901 $ 459,136 $ 444,122
[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 - Summary of Significant Accounting Policies.