XML 55 R38.htm IDEA: XBRL DOCUMENT v3.25.3
Pension and Other Postretirement Benefits (Tables)
 12 Months Ended
Oct. 26, 2025
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 Benefits
Postretirement Benefits
In thousandsOctober 26, 2025October 27, 2024October 29, 2023October 26, 2025October 27, 2024October 29, 2023
Service Cost$43,214 $36,118 $35,607 $167 $163 $248 
Interest Cost70,584 73,344 68,630 9,924 11,571 12,064 
Expected Return on Plan Assets(86,948)(77,510)(78,285)— — — 
Amortization of Prior Service Cost (Credit)
1,277 (886)(1,843)(28)8 8 
Recognized Actuarial Loss (Gain)12,055 13,268 13,303 (160)(1,265)(29)
Special Termination Benefits(1)
12,696 — — — — — 
Net Periodic Cost$52,878 $44,334 $37,413 $9,903 $10,476 $12,290 
(1) As part of the corporate restructuring plan, the Company approved a voluntary early retirement program for eligible participants of the non-bargaining unit pension plan. The program included a one-time benefit enhancement based upon years of service, subject to minimum and maximum limits.
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 Benefits
Postretirement Benefits
In thousandsOctober 26, 2025October 27, 2024October 26, 2025October 27, 2024
Unrecognized Prior Service (Cost) Credit
$(612)$(8,435)$513 $525 
Unrecognized Actuarial (Loss) Gain
(221,347)(260,538)33,058 21,318 
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 Benefits
Postretirement Benefits
In thousandsOctober 26, 2025October 27, 2024October 26, 2025October 27, 2024
Change in Benefit Obligation:
Benefit Obligation at Beginning of Year$1,339,726 $1,174,380 $191,578 $186,199 
Service Cost43,214 36,118 167 163 
Interest Cost70,584 73,344 9,924 11,571 
Actuarial (Gain) Loss(1)
10,988 143,280 (11,893)12,826 
Plan Amendments(6,545)— — (654)
Special Termination Benefits
12,696 — — — 
Participant Contributions— — 1,774 2,001 
Medicare Part D Subsidy— — 212 110 
Benefits Paid(91,906)(87,396)(19,204)(20,637)
Benefit Obligation at End of Year$1,378,757 $1,339,726 $172,558 $191,578 
(1)     Actuarial losses in fiscal 2024 were primarily due to the change in the discount rate assumptions utilized in measuring plan obligations.

Pension Benefits
Postretirement Benefits
In thousandsOctober 26, 2025October 27, 2024October 26, 2025October 27, 2024
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year$1,327,760 $1,185,672 $— $— 
Actual Return on Plan Assets125,072 217,453 — — 
Participant Contributions— — 1,774 2,001 
Employer Contributions13,771 12,031 17,431 18,636 
Benefits Paid(91,906)(87,396)(19,204)(20,637)
Fair Value of Plan Assets at End of Year$1,374,698 $1,327,760 $— $— 
Funded Status at End of Year$(4,059)$(11,966)$(172,558)$(191,578)
Schedule of amounts recognized in the Consolidated Statements of Financial Position
Amounts recognized on the Consolidated Statements of Financial Position are as follows:
 Pension Benefits
Postretirement Benefits
In thousandsOctober 26, 2025October 27, 2024October 26, 2025October 27, 2024
Pension Assets$211,826 $205,964 $— $— 
Employee-related Expenses
(13,143)(12,501)(16,316)(17,115)
Pension and Postretirement Benefits
(202,742)(205,429)(156,242)(174,463)
Net Amount Recognized$(4,059)$(11,966)$(172,558)$(191,578)
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 26, 2025October 27, 2024
Projected Benefit Obligation$215,885 $217,929 
Accumulated Benefit Obligation214,239 215,448 
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 26, 2025October 27, 2024
Discount Rate5.44 %5.44 %
Rate of Future Compensation Increase (For Plans that Base Benefits on Final Compensation Level)
4.04 %4.09 %
Interest Crediting Rate (For Cash Balance Plan)
4.60 %4.50 %

Weighted-average assumptions used to determine net periodic benefit costs are as follows:
 October 26, 2025October 27, 2024October 29, 2023
Discount Rate5.44 %6.49 %5.92 %
Rate of Future Compensation Increase (For Plans that Base Benefits on Final Compensation Level)
4.09 %4.06 %3.95 %
Expected Long-term Return on Plan Assets
6.75 %6.75 %6.50 %
Interest Crediting Rate (For Cash Balance Plan)
4.50 %4.98 %4.42 %
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
Postretirement Benefits
2026$110,621 $16,741 
202795,713 17,099 
202897,557 16,559 
2029100,044 15,923 
2030101,979 15,252 
2031-2035525,585 63,178 
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 26, 2025October 27, 2024
Asset CategoryActual %Target
Range %		Actual %Target
Range %
Long Duration Fixed Income
40.5 30 –50 — 0 –0 
Global Stocks32.2 20 –55 33.1 20 –55 
Investment Grade Bonds
9.8 0 –20 — 0 –0 
Private Equity
5.3 0 –15 6.1 0 –15 
Real Estate5.0 0 –10 5.6 0 –10 
Gold
2.7 0 –5 2.4 0 –5 
Cash and Cash Equivalents2.7 0 –5 1.5 0 –5 
Hedge Funds1.9 0 –10 1.8 0 –10 
Fixed Income(1)
— 0 –0 49.5 40 –60 
(1) Fixed Income asset category was replaced by Long Duration Fixed Income and Investment Grade Bonds in fiscal 2025.
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 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 26, 2025
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
$36,715 $— $36,715 $— 
Private Equity
Domestic34,168 — — 34,168 
International39,169 — — 39,169 
Real Estate Funds
Domestic8,978 — — 8,978 
Fixed Income
U.S. Government Issues220,111 194,544 25,567 — 
Municipal Issues10,966 — 10,966 — 
Corporate Issues – Domestic272,441 — 272,441 — 
Corporate Issues – Foreign53,161 — 53,161 — 
Global Stocks – Mutual Funds
Domestic13,188 — 13,188 — 
Plan Assets in Fair Value Hierarchy$688,897 $194,544 $412,038 $82,315 
Plan Assets at Net Asset Value
Real Estate – Domestic
$59,761 
Global Stocks – Collective Investment Funds
429,406 
Global Stocks – Gold
36,473 
Hedge Funds
25,849 
Fixed Income – Hedge Funds
37,683 
Fixed Income – Collective Investment Funds
96,629 
Plan Assets at Net Asset Value685,801 
Total Plan Assets at Fair Value$1,374,698 
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 Value724,541 
Total Plan Assets at Fair Value$1,327,760 
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 26, 2025October 27, 2024
Fair Value at Beginning of Year$87,287 $79,448 
Purchases, Issuances, and Settlements (Net)(7,016)1,029 
Unrealized Gains (Losses)
2,586 (2,144)
Realized Gains (Losses)
(569)569 
Interest and Dividend Income27 8,385 
Fair Value at End of Year$82,315 $87,287 
Schedule of unfunded private equity commitment balance for each investment category The unfunded commitment balance for each investment category is as follows:
In thousandsOctober 26, 2025October 27, 2024
Domestic Equity$41,159 $34,111 
International Equity12,282 10,058 
Unfunded Commitment Balance$53,441 $44,169