Income Taxes (Tables)

12 Months Ended

Oct. 29, 2023

Income Tax Disclosure [Abstract]

Schedule of components of provision for income taxes

The components of the Provision for Income Taxes are as follows:

	Fiscal Year Ended
In thousands		October 29, 2023		October 30, 2022		October 31, 2021
Current
U.S. Federal		$	161,016	$	67,638	$	171,732
State		20,166		20,054		7,541
Foreign		7,576		13,185		9,079
Total Current		188,758		100,877		188,352
Deferred
U.S. Federal		23,221		164,091		23,507
State		8,602		13,638		2,220
Foreign		(29)		(729)		2,950
Total Deferred		31,794		177,000		28,677
Total Provision for Income Taxes		$	220,552	$	277,877	$	217,029

Schedule of significant components of the deferred income tax liabilities and assets

Significant components of the deferred income tax liabilities and assets are as follows: 

In thousands	October 29, 2023		October 30, 2022
Deferred Tax Liabilities
Goodwill and Intangible Assets	$	(477,282)	$	(404,295)
Tax over Book Depreciation and Basis Differences	(233,802)		(246,411)
Other, net	(33,105)		(21,467)
Deferred Tax Assets
Pension and Other Post-retirement Benefits	42,952		42,794
Employee Compensation Related Liabilities	65,958		65,461
Marketing and Promotional Accruals	16,972		29,045
Inventory	46,856		10,368
Other, net	75,562		51,966
Net Deferred Tax (Liabilities) Assets	$	(495,889)	$	(472,539)

Schedule of reconciliation of the statutory federal income tax rate to the effective tax rate

Reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

	Fiscal Year Ended
		October 29, 2023		October 30, 2022		October 31, 2021
U.S. Statutory Rate		21.0	%	21.0	%	21.0	%
State Taxes on Income, Net of Federal Tax Benefit		2.5		2.4		0.8
Stock-based Compensation		(0.1)		(1.5)		(1.6)
Foreign-derived Intangible Income Deduction		(1.3)		(0.4)		(0.4)
All Other, net		(0.3)		0.2		(0.5)
Effective Tax Rate		21.8	%	21.7	%	19.3	%

Schedule of changes in the unrecognized tax benefits, excluding interest and penalties

The following table sets forth changes in the unrecognized tax benefits, excluding interest and penalties, for fiscal years 2023 and 2022. 

In thousands
Balance as of October 31, 2021	$	22,092
Tax Positions Related to the Current Period
Increases	3,618
Tax Positions Related to Prior Periods
Increases	1,890
Decreases	(1,789)
Settlements	(2,509)
Decreases Related to a Lapse of Applicable Statute of Limitations	(3,782)
Balance as of October 30, 2022	$	19,520
Tax Positions Related to the Current Period
Increases	3,876
Tax Positions Related to Prior Periods
Increases	2,131
Decreases	(1,708)
Settlements	(811)
Decreases Related to a Lapse of Applicable Statute of Limitations	(3,881)
Balance as of October 29, 2023	$	19,127