LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)

6 Months Ended

Apr. 25, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term Debt consists of: 

(in thousands)	April 25, 2021		October 25, 2020
Senior Unsecured Notes, with Interest at 1.800%, Interest Due    Semi-annually through June 2030 Maturity Date	$	1,000,000	$	1,000,000
Senior Unsecured Notes, with Interest at 4.125%, Interest Due    Semi-annually through April 2021 Maturity Date	—		250,000
Unamortized Discount on Senior Notes	(2,494)		(2,630)
Unamortized Debt Issuance Costs	(7,565)		(7,979)
Finance Lease Liabilities	56,861		61,030
Other Financing Arrangements	3,016		3,206
Total	1,049,818		1,303,627
Less: Current Maturities of Long-term Debt	9,333		258,691
Long-term Debt - Less Current Maturities	$	1,040,486	$	1,044,936

Schedule of Issuance and Sale of Securities

On May 25, 2021, the Company entered into an underwriting agreement with several investment banks providing for the issuance and sale of securities as outlined below. The issuance and sale of the notes is scheduled to be completed on June 3, 2021, subject to customary closing conditions.

Senior Unsecured Notes
(in millions)	Aggregate Principal		Interest Rate		Interest Payments
Scheduled Maturity
2024 (1)	$	950	0.65	%	Semi-annual
2028 (2) (3)	750		1.70	%	Semi-annual
2051 (2) (3)	600		3.05	%	Semi-annual
Total Issuance	$	2,300

(1) Notes include the option to redeem in whole or in part one year after their issuance.

(2) Notes include the option to redeem in whole at any time or in part from time to time.

(3) Interest rate risk was hedged utilizing interest rate locks. The Company lifted the corresponding hedges in conjunction with the issuance of the notes. See Note F - Derivatives and Hedging for additional details.