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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 25, 2020
Oct. 27, 2019
Oct. 28, 2018
Operating Activities      
Net Earnings $ 908,354 $ 979,148 $ 1,012,582 [1]
Adjustments to Reconcile to Net Cash Provided by Operating Activities:      
Depreciation 165,716 153,182 149,205
Amortization 40,065 12,027 12,653
Goodwill/Intangible Impairment 0 0 17,279 [1]
Equity in Earnings of Affiliates (35,572) (39,201) (58,972) [1]
Distributions Received from Equity Method Investees 37,499 22,500 30,023
Provision for Deferred Income Taxes 32,039 28,641 (7,441)
Loss (Gain) on Property/Equipment Sales and Plant Facilities 1,793 (811) (2,867)
Gain on Sale of Business 0 (16,469) 0
Non-cash Investment Activities (15,315) (20,180) (7,908)
Stock-based Compensation Expense 22,458 19,707 20,595
Changes in Operating Assets and Liabilities, Net of Acquisitions:      
Decrease (Increase) in Accounts Receivable (119,516) (11,146) 36,133
Decrease (Increase) in Inventories (1,839) (123,843) (8,293)
Decrease (Increase) in Prepaid Expenses and Other Current Assets 5,860 (10,105) (4,771)
Increase (Decrease) in Pension and Post-retirement Benefits (10,509) (10,416) (13,216)
Increase (Decrease) in Accounts Payable and Accrued Expenses 111,277 (44,109) 48,376
Increase (Decrease) in Net Income Taxes Payable (14,286) (15,929) 18,351
Net Cash Provided by Operating Activities 1,128,024 922,996 1,241,729
Investing Activities      
Net (Purchase) Sale of Securities (2,589) (14,496) 0
Proceeds from Sale of Business 0 479,806 0
Acquisitions of Businesses and Intangibles (270,789) 0 (857,668)
Purchases of Property and Equipment (367,501) (293,838) (389,607)
Proceeds from Sales of Property and Equipment 1,916 37,402 9,749
Decrease (Increase) in Investments, Equity in Affiliates, and Other Assets (21,124) (6,479) (7,546)
Proceeds from Company-owned Life Insurance 3,772 17,758 9,704
Net Cash Provided by (Used in) Investing Activities (656,316) 220,153 (1,235,368)
Financing Activities      
Proceeds from Long-term Debt 992,381 0 375,000
Repayments of Long-term Debt and Finance Leases (8,368) (374,840) (160)
Dividends Paid on Common Stock (487,376) (437,053) (388,107)
Share Repurchase (12,360) (174,246) (46,898)
Proceeds from Exercise of Stock Options 81,818 59,895 71,803
Proceeds from Noncontrolling Interest 77 0 0
Net Cash Provided by (Used in) Financing Activities 566,172 (926,244) 11,638
Effect of Exchange Rate Changes on Cash 3,526 (3,140) (2,985)
Increase in Cash and Cash Equivalents 1,041,407 213,765 15,014
Cash and Cash Equivalents at Beginning of Year 672,901 459,136 444,122
Cash and Cash Equivalents at End of Year $ 1,714,309 $ 672,901 $ 459,136
[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.