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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
May 01, 2011
Apr. 25, 2010
OPERATING ACTIVITIES    
Net earnings $ 260,737 $ 190,804
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 57,362 56,261
Amortization of intangibles 4,919 5,210
Equity in earnings of affiliates, net of dividends (9,546) (6,773)
Provision for deferred income taxes (3,187) 3,887
(Gain) Loss on property/equipment sales and plant facilities (53) 57
Non-cash investment activities (478) (624)
Stock-based compensation expense 12,242 9,186
Excess tax benefit from stock-based compensation (10,255) (6,330)
Other 0 6,595
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 25,147 15,932
Increase in inventories (16,617) (47,330)
Decrease (Increase) in prepaid expenses and other current assets 45,924 (2,730)
Increase in pension and post-retirement benefits 12,579 14,916
Decrease in accounts payable and accrued expenses (102,855) (59,723)
NET CASH PROVIDED BY OPERATING ACTIVITIES 275,919 179,338
INVESTING ACTIVITIES    
Net sale (purchase) of trading securities 5,000 (50,000)
Acquisitions of businesses/intangibles (7,207) (28,144)
Purchases of property/equipment (35,892) (40,124)
Proceeds from sales of property/equipment 2,171 2,369
Decrease (Increase) in investments, equity in affiliates, and other assets 3,465 (31,145)
NET CASH USED IN INVESTING ACTIVITIES (32,463) (147,044)
FINANCING ACTIVITIES    
Proceeds from long-term debt, net 247,657 0
Dividends paid on common stock (61,925) (53,400)
Share repurchase (34,718) (29,826)
Proceeds from exercise of stock options 43,764 14,201
Excess tax benefit from stock-based compensation 10,255 6,330
Distribution to noncontrolling interest (3,000) 0
Other 370 330
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 202,403 (62,365)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 445,859 (30,071)
Cash and cash equivalents at beginning of year 467,845 385,252
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 913,704 $ 355,181