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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2021
Oct. 25, 2020
Oct. 27, 2019
Operating Activities      
Net Earnings $ 909,140 $ 908,354 $ 979,148
Adjustments to Reconcile to Net Cash Provided by Operating Activities:      
Depreciation 183,772 165,716 153,182
Amortization 44,634 40,065 12,027
Equity in Earnings of Affiliates (47,763) (35,572) (39,201)
Distributions Received from Equity Method Investees 44,999 37,499 22,500
Provision for Deferred Income Taxes 28,677 32,039 28,641
Loss (Gain) on Property/Equipment Sales and Plant Facilities 3,731 1,793 (811)
Gain on Sale of Business 0 0 (16,469)
Non-cash Investment Activities (24,215) (15,315) (20,180)
Stock-based Compensation Expense 24,744 22,458 19,707
Changes in Operating Assets and Liabilities, Net of Acquisitions:      
Decrease (Increase) in Accounts Receivable (191,627) (119,516) (11,146)
Decrease (Increase) in Inventories (145,176) (1,839) (123,843)
Decrease (Increase) in Prepaid Expenses and Other Current Assets 34,555 5,860 (10,105)
Increase (Decrease) in Pension and Post-retirement Benefits (15,448) (10,509) (10,416)
Increase (Decrease) in Accounts Payable and Accrued Expenses 115,099 111,277 (44,109)
Increase (Decrease) in Net Income Taxes Payable 36,811 (14,286) (15,929)
Net Cash Provided by (Used in) Operating Activities 1,001,934 1,128,024 922,996
Investing Activities      
Net (Purchase) Sale of Securities (4,364) (2,589) (14,496)
Proceeds from Sale of Business 0 0 479,806
Acquisitions of Businesses and Intangibles (3,396,246) (270,789) 0
Purchases of Property and Equipment (232,416) (367,501) (293,838)
Proceeds from Sales of Property and Equipment 2,216 1,916 37,402
Decrease (Increase) in Investments, Equity in Affiliates, and Other Assets (343) (21,124) (6,479)
Proceeds from Company-owned Life Insurance 5,315 3,772 17,758
Net Cash Provided by (Used in) Investing Activities (3,625,839) (656,316) 220,153
Financing Activities      
Proceeds from Long-term Debt 2,276,292 992,381 0
Repayments of Long-term Debt and Finance Leases (258,617) (8,368) (374,840)
Dividends Paid on Common Stock (523,114) (487,376) (437,053)
Share Repurchase (19,958) (12,360) (174,246)
Proceeds from Exercise of Stock Options 45,919 81,818 59,895
Proceeds from Noncontrolling Interest 0 77 0
Net Cash Provided by (Used in) Financing Activities 1,520,520 566,172 (926,244)
Effect of Exchange Rate Changes on Cash 2,606 3,526 (3,140)
Increase (Decrease) in Cash and Cash Equivalents (1,100,778) 1,041,407 213,765
Cash and Cash Equivalents at Beginning of Year 1,714,309 672,901 459,136
Cash and Cash Equivalents at End of Year $ 613,530 $ 1,714,309 $ 672,901