Income Taxes (Tables)

12 Months Ended

Oct. 27, 2024

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 27, 2024		October 29, 2023		October 30, 2022
Current
U.S. Federal		$	110,928	$	161,016	$	67,638
State		17,002		20,166		20,054
Foreign		15,203		7,576		13,185
Total Current		143,133		188,758		100,877
Deferred
U.S. Federal		74,461		23,221		164,091
State		14,868		8,602		13,638
Foreign		(1,659)		(29)		(729)
Total Deferred		87,670		31,794		177,000
Total Provision for Income Taxes		$	230,803	$	220,552	$	277,877

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 27, 2024		October 29, 2023
Deferred Tax Liabilities
Goodwill and Intangible Assets	$	(556,263)	$	(477,282)
Tax over Book Depreciation and Basis Differences	(211,554)		(233,802)
Other, net	(39,618)		(33,105)
Deferred Tax Assets
Pension and Other Post-retirement Benefits	50,078		42,952
Employee Compensation Related Liabilities	70,339		65,958
Marketing and Promotional Accruals	9,833		16,972
Inventory	6,853		46,856
Other, net	84,733		75,562
Net Deferred Tax (Liabilities) Assets	$	(585,599)	$	(495,889)

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 27, 2024		October 29, 2023		October 30, 2022
U.S. Statutory Rate		21.0	%	21.0	%	21.0	%
State Taxes on Income, Net of Federal Tax Benefit		2.6		2.5		2.4
Stock-based Compensation		(0.1)		(0.1)		(1.5)
Foreign-derived Intangible Income Deduction		—		(1.3)		(0.4)
All Other, net		(1.2)		(0.3)		0.2
Effective Tax Rate		22.3	%	21.8	%	21.7	%

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

The changes in unrecognized tax benefits, excluding interest and penalties, for fiscal years 2024 and 2023 are as follows:

In thousands
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
Tax Positions Related to the Current Period
Increases	3,151
Tax Positions Related to Prior Periods
Increases	1,449
Decreases	(443)
Settlements	(2,341)
Decreases Related to a Lapse of Applicable Statute of Limitations	(3,183)
Balance as of October 27, 2024	$	17,760