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Pension and Other Post-retirement Benefits (Tables)
 12 Months Ended
Oct. 25, 2020
Retirement Benefits [Abstract]  
Schedule of net periodic cost of defined benefit plans
Net periodic cost of defined benefit plans included the following: 
 Pension BenefitsPost-retirement Benefits
(in thousands)202020192018202020192018
Service Cost$35,584 $26,042 $31,612 $770 $690 $980 
Interest Cost53,642 60,385 56,196 9,306 12,016 11,169 
Expected Return on Plan Assets(101,283)(92,492)(99,091)— — — 
Amortization of Prior Service Cost(2,168)(2,795)(2,468)(2,651)(2,675)(3,111)
Recognized Actuarial Loss (Gain)22,383 14,805 18,166 1,045 — 179 
Curtailment (Gain) Charge— 2,825 — — 1,219 — 
Net Periodic Cost$8,158 $8,770 $4,415 $8,470 $11,250 $9,217 
Schedule of amounts that have not been recognized in net periodic pension cost and are included in accumulated other comprehensive loss The following amounts have not been recognized in net periodic pension cost and are included in Accumulated Other Comprehensive Loss: 
 Pension BenefitsPost-retirement Benefits
(in thousands)2020201920202019
Unrecognized Prior Service Credit$(2,128)$40 $514 $3,166 
Unrecognized Actuarial Losses(402,289)(429,599)(36,144)(34,266)
Schedule of amounts that are expected to be recognized in net periodic benefit expense in fiscal year 2021
The following amounts are expected to be recognized in net periodic benefit expense in fiscal 2021: 
(in thousands)Pension
Benefits		Post-
retirement
Benefits
Amortized Prior Service Credit$(1,496)$(669)
Recognized Actuarial Losses22,742 2,020 
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, fair value of plan assets, and funded status of the plans as of the October 25, 2020, and the October 27, 2019, measurement dates: 
Pension BenefitsPost-retirement Benefits
(in thousands)2020201920202019
Change in Benefit Obligation
Benefit Obligation at Beginning of Year$1,616,177 $1,350,903 $290,946 $272,272 
Service Cost35,584 26,042 770 690 
Interest Cost53,642 60,385 9,306 12,016 
Actuarial (Gain) Loss 77,447 241,694 2,362 24,912 
Plan Amendments— 8,086 — — 
Curtailment (Gain) Loss— (513)— 1,839 
Participant Contributions— — 2,344 2,302 
Medicare Part D Subsidy— — 555 662 
Benefits Paid(115,965)(70,420)(20,990)(23,747)
Benefit Obligation at End of Year$1,666,886 $1,616,177 $285,293 $290,946 
 
Pension BenefitsPost-retirement Benefits
(in thousands)2020201920202019
Change in Plan Assets
Fair Value of Plan Assets at Beginning of Year$1,477,288 $1,313,380 $— $— 
Actual Return on Plan Assets183,647 226,171 — — 
Participant Contributions— — 2,344 2,302 
Employer Contributions8,562 8,157 18,646 21,445 
Benefits Paid(115,965)(70,420)(20,990)(23,747)
Fair Value of Plan Assets at End of Year$1,553,532 $1,477,288 $— $— 
Funded Status at End of Year$(113,354)$(138,889)$(285,293)$(290,946)
Schedule of amounts recognized in the Consolidated Statements of Financial Position
Amounts recognized in the Consolidated Statements of Financial Position as of October 25, 2020, and October 27, 2019, are as follows:
 Pension BenefitsPost-retirement Benefits
(in thousands)2020201920202019
Pension Assets$183,232 $135,915 $— $— 
Employee-related Expenses(9,332)(8,842)(19,669)(20,418)
Pension and Post-retirement Benefits(287,254)(265,962)(265,624)(270,528)
Net Amount Recognized$(113,354)$(138,889)$(285,293)$(290,946)
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)20202019
Projected Benefit Obligation$296,585 $274,804 
Accumulated Benefit Obligation288,359 269,114 
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: 
 20202019
Discount Rate3.06 %3.37 %
Rate of Future Compensation Increase (For Plans that Base Benefits on
Final Compensation Level)
4.09 %4.06 %

Weighted-average assumptions used to determine net periodic benefit costs are as follows: 
 202020192018
Discount Rate3.37 %4.55 %3.91 %
Rate of Future Compensation Increase (For Plans
that Base Benefits on Final Compensation Level)
4.06 %3.96 %3.95 %
Expected Long-term Return on Plan Assets
7.00 %7.15 %7.30 %
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
ExpenseBenefit Obligation
(in thousands)IncreaseDecreaseIncreaseDecrease
Pension Benefits
Discount Rate$(16,062)$22,386 $(214,368)$271,048 
Expected Long-term Rate of Return on Plan Assets(14,670)14,670 — — 
Rate of Future Compensation Increase5,146 (4,460)12,382 (10,800)
Post-retirement Benefits
Discount Rate$(362)$5,183 $(26,065)$31,217 
Health Care Cost Trend Rate1,061 (911)28,661 (24,573)
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
2021$71,674 $19,949 
202274,017 19,825 
202376,706 19,633 
202479,906 19,260 
202583,430 18,722 
2026-2030451,164 83,572 
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: 
20202019
Asset CategoryActual %Target
Range %		Actual %Target
Range %
Fixed Income46.3 
35-60
44.9 
35-60
Global Stocks39.2 
20-55
38.0 
20-55
Private Equity5.4 
0-10
5.7 
0-10
Real Estate5.2 
0-10
5.4 
0-10
Hedge Funds2.4 
0-10
4.8 
0-10
Cash and Cash Equivalents1.5 
—
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 pursuant to the provisions of ASC 820. 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 25, 2020
(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)
$23,392 $1,294 $22,098 $— 
Private Equity(2)
Domestic43,479 — — 43,479 
International40,359 — — 40,359 
Fixed Income(3)
U.S. Government Issues239,239 158,525 80,714 — 
Municipal Issues15,768 — 15,768 — 
Corporate Issues – Domestic323,070 — 323,070 — 
Corporate Issues – Foreign52,132 — 52,132 — 
Global Stocks - Mutual Funds(4)
151,175 151,175 — — 
Plan Assets in Fair Value Hierarchy$888,614 $310,994 $493,782 $83,838 
Plan Assets at Net Asset Value
Real Estate – Domestic(5)
$81,015 
Global Stocks - Collective Investment Funds(6)
457,713 
Hedge Funds(7)
37,293 
 Fixed Income - Hedge Funds(8)
51,956 
 Fixed Income - Collective Investment Funds(9)
36,941 
Plan Assets at Net Asset Value$664,918 
Total Plan Assets at Fair Value$1,553,532 
 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)
Domestic49,049 — — 49,049 
International35,852 — — 35,852 
Fixed Income(3)
U.S. Government Issues281,879 277,790 4,089 — 
Municipal Issues20,846 — 20,846 — 
Corporate Issues – Domestic313,719 — 313,719 — 
Corporate Issues – Foreign46,181 — 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 
 
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 are 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 Macro (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) Fixed Income - Hedge Funds: These investments target absolute, risk-adjusted returns by taking advantage of price dislocations and inconsistencies within credit markets. Funds are comprised primarily of U.S. and European corporate credit and structured credit. The investments are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted on a quarterly basis on the three year fund anniversary with a ninety day notice period.
 
(9) Fixed Income - Collective Investment Funds: These investments include commingled funds consisting of a mix of U.S. government and investment grade corporate bonds. The collective investment funds are valued at NAV of the shares held by the Master Trust. The investment strategy is to achieve an investment return that approximates as closely to the Bloomberg Barclays U.S. Aggregate Bond Index over the long term by investing in the securities that comprise the benchmark. 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)20202019
Beginning Balance$84,901 $76,257 
Purchases, Issuances, and Settlements (Net)(10,151)(2,894)
Unrealized Gains (Losses)(4,577)1,182 
Realized Gains8,130 9,738 
Interest and Dividend Income5,535 618 
Ending Balance$83,838 $84,901 
Schedule of unfunded private equity commitment balance for each investment category The unfunded private equity commitment balance for each investment category as of October 25, 2020, and October 27, 2019, is as follows: 
(in thousands)20202019
Domestic Equity$203 $363 
International Equity15,919 22,969 
Unfunded Commitment Balance$16,122 $23,332