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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 26, 2020
Jul. 28, 2019
Operating Activities    
Net Earnings $ 673,828 $ 723,582
Adjustments to Reconcile to Net Cash Provided by Operating Activities:    
Depreciation 122,694 113,278
Amortization 27,080 8,937
Equity in Earnings of Affiliates (25,843) (28,133)
Distribution from Equity Method Investees 27,499 20,000
Provision for Deferred Income Taxes (1,890) (37,921)
Loss (Gain) on Property/Equipment Sales and Plant Facilities 631 (1,046)
Gain on Sale of Business 0 (16,469)
Non-cash Investment Activities (10,965) (19,778)
Stock-based Compensation Expense 19,189 16,707
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Decrease (Increase) in Accounts Receivable (66,053) 41,309
Decrease (Increase) in Inventories 87,030 (190,064)
Decrease (Increase) in Prepaid Expenses and Other Current Assets (25,279) (589)
Increase (Decrease) in Pension and Post-retirement Benefits 5,003 8,473
Increase (Decrease) in Accounts Payable and Accrued Expenses (10,562) (94,348)
Increase (Decrease) in Net Income Taxes Payable 55,723 28,974
Net Cash Provided by (Used in) Operating Activities 878,086 572,912
Investing Activities    
Net (Purchase) Sale of Securities (2,642) (13,884)
Proceeds from Sale of Business 0 473,885
Acquisitions of Businesses/Intangibles (270,789) 0
Purchases of Property/Equipment (226,830) (154,231)
Proceeds from Sales of Property/Equipment 1,466 36,258
Decrease (Increase) in Investments, Equity in Affiliates, and Other Assets (8,424) (3,542)
Proceeds from Company-owned Life Insurance 1,180 16,455
Net Cash (Used in) Provided by Investing Activities (506,040) 354,941
Financing Activities    
Proceeds from Long-term Debt 992,381 0
Repayments of Long-term Debt and Finance Leases (6,221) (374,840)
Dividends Paid on Common Stock (362,003) (324,971)
Share Repurchase (12,360) (174,246)
Proceeds from Exercise of Stock Options 72,118 48,107
Proceeds from Noncontrolling Interest 77 0
Net Cash Provided by (Used in) Financing Activities 683,992 (825,950)
Effect of Exchange Rate Changes on Cash 428 (840)
Increase (Decrease) in Cash and Cash Equivalents 1,056,466 101,063
Cash and Cash Equivalents at Beginning of Year 672,901 459,136
Cash and Cash Equivalents at End of Quarter $ 1,729,368 $ 560,199