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Pension and Other Post-retirement Benefits (Tables)
12 Months Ended
Oct. 27, 2024
Retirement Benefits [Abstract]  
Schedule of net periodic cost of defined benefit plans
Net periodic cost of defined benefit plans included the following for fiscal years ending:
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 27, 2024October 29, 2023October 30, 2022October 27, 2024October 29, 2023October 30, 2022
Service Cost$36,118 $35,607 $40,076 $163 $248 $469 
Interest Cost73,344 68,630 50,558 11,571 12,064 7,684 
Expected Return on Plan Assets(77,510)(78,285)(108,248) — — 
Amortization of Prior Service Cost (Credit)
(886)(1,843)(1,496)8 
Recognized Actuarial Loss (Gain)
13,268 13,303 12,530 (1,265)(29)2,439 
Net Periodic Cost$44,334 $37,413 $(6,581)$10,476 $12,290 $10,600 
Schedule of amounts that have not been recognized in net periodic pension cost and are included in accumulated other comprehensive loss The following amounts have not been recognized in net periodic pension cost and are included in Accumulated Other Comprehensive Loss:
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 27, 2024October 29, 2023October 27, 2024October 29, 2023
Unrecognized Prior Service (Cost) Credit
$(8,435)$(7,549)$525 $(138)
Unrecognized Actuarial (Loss) Gain
(260,538)(270,468)21,318 35,483 
Schedule of reconciliation of the beginning and ending balances of the benefit obligation, the fair value of plan assets, and the funded status of the plans
The following is a reconciliation of the beginning and ending balances of the benefit obligation, fair value of plan assets, and funded status of the plans as of the measurement dates:
Pension BenefitsPost-retirement Benefits
In thousandsOctober 27, 2024October 29, 2023October 27, 2024October 29, 2023
Change in Benefit Obligation:
Benefit Obligation at Beginning of Year$1,174,380 $1,200,013 $186,199 $211,986 
Service Cost36,118 35,607 163 248 
Interest Cost73,344 68,630 11,571 12,064 
Actuarial (Gain) Loss(1)
143,280 (51,106)12,826 (17,421)
Plan Amendments 3,307 (654)— 
Participant Contributions — 2,001 2,137 
Medicare Part D Subsidy — 110 449 
Benefits Paid(87,396)(82,071)(20,637)(23,263)
Benefit Obligation at End of Year$1,339,726 $1,174,380 $191,578 $186,199 
(1) Actuarial losses in fiscal 2024 were primarily due to the change in the discount rate assumptions utilized in measuring plan obligations.

Pension BenefitsPost-retirement Benefits
In thousandsOctober 27, 2024October 29, 2023October 27, 2024October 29, 2023
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year$1,185,672 $1,240,200 $ $— 
Actual Return on Plan Assets217,453 15,810  — 
Participant Contributions — 2,001 2,137 
Employer Contributions12,031 11,733 18,636 21,126 
Benefits Paid(87,396)(82,071)(20,637)(23,263)
Fair Value of Plan Assets at End of Year$1,327,760 $1,185,672 $ $— 
Funded Status at End of Year$(11,966)$11,292 $(191,578)$(186,199)
Schedule of amounts recognized in the Consolidated Statements of Financial Position
Amounts recognized on the Consolidated Statements of Financial Position are as follows:
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 27, 2024October 29, 2023October 27, 2024October 29, 2023
Pension Assets$205,964 $204,697 $ $— 
Employee-related Expenses
(12,501)(12,023)(17,115)(18,313)
Pension and Post-retirement Benefits(205,429)(181,382)(174,463)(167,886)
Net Amount Recognized$(11,966)$11,292 $(191,578)$(186,199)
Schedule of information for pension plans with accumulated benefit obligations in excess of plan assets The following table provides information for pension plans with projected and accumulated benefit obligations in excess of plan assets:
In thousandsOctober 27, 2024October 29, 2023
Projected Benefit Obligation$217,929 $193,404 
Accumulated Benefit Obligation215,448 191,888 
Fair Value of Plan Assets — 
Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit costs
Weighted-average assumptions used to determine benefit obligations are as follows: 
 October 27, 2024October 29, 2023
Discount Rate5.44 %6.49 %
Rate of Future Compensation Increase (For Plans that Base Benefits on
    Final Compensation Level)
4.09 %4.06 %
Interest Crediting Rate (For Cash Balance Plan)
4.50 %4.98 %

Weighted-average assumptions used to determine net periodic benefit costs are as follows:
 October 27, 2024October 29, 2023October 30, 2022
Discount Rate6.49 %5.92 %3.00 %
Rate of Future Compensation Increase (For Plans
    that Base Benefits on Final Compensation Level)
4.06 %3.95 %4.14 %
Expected Long-term Return on Plan Assets
6.75 %6.50 %6.50 %
Interest Crediting Rate (For Cash Balance Plan)(1)
4.98 %4.42 %— %
(1) Cash balance plan enacted in the fourth quarter of fiscal 2022.
Schedule of benefits expected to be paid over the next ten fiscal years
Benefits expected to be paid over the next ten fiscal years are as follows:
In thousands
Pension Benefits
Post-retirement Benefits
2025$89,209 $17,572 
202692,954 17,186 
202796,868 16,638 
202899,026 16,089 
2029102,538 15,487 
2030-2034539,612 69,105 
Schedule of actual and target weighted-average asset allocations for pension plan assets
The actual and target weighted-average asset allocations for the Company’s pension plan assets as of the plan measurement date are as follows:
October 27, 2024October 29, 2023
Asset CategoryActual %Target
Range %
Actual %Target
Range %
Fixed Income49.5 40 60 47.6 40 60 
Global Stocks33.1 20 55 31.2 20 55 
Real Estate5.6 0 10 8.0 10 
Private Equity6.1 0 15 6.7 15 
Gold
2.4 0 5 2.4 
Hedge Funds1.8 0 10 2.1 10 
Cash and Cash Equivalents1.5 0 5 2.0 
Schedule of categories of defined benefit pension plan assets and the level under which fair values were determined in the fair value hierarchy
The following tables show the categories of defined benefit pension plan assets and the level under which fair values were determined pursuant to the provisions of ASC 820. Assets measured at fair value using the net asset value (NAV) per share practical expedient are not required to be classified in the fair value hierarchy. These amounts are provided to permit reconciliation to the total fair value of plan assets.
Fair Value Measurements as of October 27, 2024
In thousandsTotal
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy    
Cash Equivalents
$19,397 $ $19,397 $ 
Private Equity
Domestic35,958   35,958 
International45,080   45,080 
Real Estate Funds
Domestic6,249   6,249 
Fixed Income
U.S. Government Issues175,715 152,721 22,994  
Municipal Issues9,938  9,938  
Corporate Issues – Domestic261,344  261,344  
Corporate Issues – Foreign41,088  41,088  
Global Stocks – Mutual Funds
Domestic8,451 8,451   
Plan Assets in Fair Value Hierarchy$603,219 $161,172 $354,760 $87,287 
Plan Assets at Net Asset Value
Real Estate – Domestic
$67,765 
Global Stocks – Collective Investment Funds
431,494 
Global Stocks – Gold
32,022 
Hedge Funds
24,192 
Fixed Income – Hedge Funds
35,017 
Fixed Income – Collective Investment Funds
134,051 
Plan Assets at Net Asset Value$724,541 
Total Plan Assets at Fair Value$1,327,760 
Fair Value Measurements as of October 29, 2023
In thousandsTotal
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy    
Cash Equivalents
$23,643 $461 $23,182 $— 
Private Equity
Domestic31,383 — — 31,383 
International48,065 — — 48,065 
Fixed Income
U.S. Government Issues171,949 123,683 48,266 — 
Municipal Issues9,884 — 9,884 — 
Corporate Issues – Domestic226,202 — 226,202 — 
Corporate Issues – Foreign36,133 — 36,133 — 
Plan Assets in Fair Value Hierarchy$547,258 $124,144 $343,667 $79,448 
Plan Assets at Net Asset Value
Real Estate – Domestic
$95,315 
Global Stocks – Collective Investment Funds
369,513 
Global Stocks – Gold
28,163 
Hedge Funds
24,965 
Fixed Income – Hedge Funds
64,613 
Fixed Income – Collective Investment Funds
55,845 
Plan Assets at Net Asset Value$638,414 
Total Plan Assets at Fair Value$1,185,672 
Schedule of reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3)
A reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3) is as follows:
In thousandsOctober 27, 2024October 29, 2023
Fair Value at Beginning of Year$79,448 $88,154 
Purchases, Issuances, and Settlements (Net)1,029 (8,926)
Unrealized Gains (Losses)
(2,144)(8,525)
Realized Gains (Losses)
569 6,455 
Interest and Dividend Income8,385 2,290 
Fair Value at End of Year$87,287 $79,448 
Schedule of unfunded private equity commitment balance for each investment category The unfunded commitment balance for each investment category is as follows:
In thousandsOctober 27, 2024October 29, 2023
Domestic Equity$34,111 $16,835 
International Equity10,058 11,396 
Unfunded Commitment Balance$44,169 $28,231