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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 25, 2021
Apr. 26, 2020
Operating Activities    
Net Earnings $ 450,316 $ 470,568
Adjustments to Reconcile to Net Cash Provided by Operating Activities:    
Depreciation 83,404 82,532
Amortization 19,902 17,385
Equity in Earnings of Affiliates (27,302) (17,608)
Distributions Received from Equity Method Investees 22,500 20,000
Provision for Deferred Income Taxes 2,007 (1,607)
Loss (Gain) on Property/Equipment Sales and Plant Facilities 1,508 255
Non-cash Investment Activities (16,526) (1,635)
Stock-based Compensation Expense 15,834 15,465
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Decrease (Increase) in Accounts Receivable (19,823) 47,174
Decrease (Increase) in Inventories (154,647) 20,625
Decrease (Increase) in Prepaid Expenses and Other Current Assets 45,848 (52,500)
Increase (Decrease) in Pension and Post-retirement Benefits 2,375 2,590
Increase (Decrease) in Accounts Payable and Accrued Expenses (103,438) (120,224)
Increase (Decrease) in Net Income Taxes Payable 39,301 65,270
Net Cash Provided by (Used in) Operating Activities 361,259 548,290
Investing Activities    
Net (Purchase) Sale of Securities (722) (1,991)
Acquisitions of Businesses/Intangibles 0 (268,878)
Purchases of Property and Equipment (85,544) (138,563)
Proceeds from Sales of Property and Equipment 1,653 1,121
Decrease (Increase) in Investments, Equity in Affiliates, and Other Assets (3,599) (16,004)
Proceeds from Company-owned Life Insurance 956 1,180
Net Cash Provided by (Used in) Investing Activities (87,256) (423,135)
Financing Activities    
Repayments of Long-term Debt and Finance Leases (254,360) (4,069)
Dividends Paid on Common Stock (257,787) (236,750)
Share Repurchase (9,653) (12,360)
Proceeds from Exercise of Stock Options 13,340 64,372
Proceeds from Noncontrolling Interest 0 76
Net Cash Provided by (Used in) Financing Activities (508,459) (188,731)
Effect of Exchange Rate Changes on Cash 4,680 (3,252)
Increase (Decrease) in Cash and Cash Equivalents (229,776) (66,828)
Cash and Cash Equivalents at Beginning of Year 1,714,309 672,901
Cash and Cash Equivalents at End of Quarter $ 1,484,533 $ 606,073