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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 26, 2020
Apr. 28, 2019
Operating Activities    
Net Earnings $ 470,568 $ 524,155
Adjustments to Reconcile to Net Cash Provided by Operating Activities:    
Depreciation 82,532 74,458
Amortization 17,385 6,285
Equity in Earnings of Affiliates (17,608) (24,749)
Distribution from Equity Method Investees 20,000 10,000
Provision for Deferred Income Taxes (1,607) (37,940)
Loss (Gain) on Property/Equipment Sales and Plant Facilities 255 458
Gain on Sale of Business 0 (16,469)
Non-cash Investment Activities (1,635) (17,632)
Stock-based Compensation Expense 15,465 13,514
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Decrease (Increase) in Accounts Receivable 47,174 32,634
Decrease (Increase) in Inventories 20,625 (111,601)
(Increase) Decrease in Prepaid Expenses and Other Current Assets (52,500) (7,198)
Increase (Decrease) in Pension and Post-retirement Benefits 2,590 6,380
(Decrease) Increase in Accounts Payable and Accrued Expenses (120,224) (108,347)
Increase (Decrease) in Net Income Taxes Payable 65,270 21,645
Net Cash Provided by Operating Activities 548,290 365,593
Investing Activities    
Net (Purchase) Sale of Securities (1,991) (6,664)
Proceeds from Sale of Business 0 473,885
Acquisitions of Businesses/Intangibles (268,878) 0
Purchases of Property/Equipment (138,563) (87,621)
Proceeds from Sales of Property/Equipment 1,121 31,167
(Increase) Decrease in Investments, Equity in Affiliates, and Other Assets (16,004) (110)
Proceeds from Company-owned Life Insurance 1,180 14,170
Net Cash (Used in) Provided by Investing Activities (423,135) 424,827
Financing Activities    
Repayments of Long-term Debt and Finance Leases (4,069) (374,840)
Dividends Paid on Common Stock (236,750) (212,287)
Share Repurchase (12,360) (67,622)
Proceeds from Exercise of Stock Options 64,372 44,277
Proceeds from Noncontrolling Interest 76 0
Net Cash (Used in) Provided by Financing Activities (188,731) (610,472)
Effect of Exchange Rate Changes on Cash (3,252) 243
(Decrease) Increase in Cash and Cash Equivalents (66,828) 180,191
Cash and Cash Equivalents at Beginning of Year 672,901 459,136
Cash and Cash Equivalents at End of Quarter $ 606,073 $ 639,327