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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Jul. 31, 2011
Jul. 25, 2010
OPERATING ACTIVITIES    
Net earnings $ 360,701 $ 277,168
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 85,735 84,332
Amortization of intangibles 7,192 7,786
Equity in earnings of affiliates, net of dividends (15,108) (8,995)
Provision for deferred income taxes 5,040 1,285
Gain on property/equipment sales and plant facilities (250) (81)
Non-cash investment activities 357 (276)
Stock-based compensation expense 14,820 11,868
Excess tax benefit from stock-based compensation (13,590) (7,243)
Other 486 7,595
Changes in operating assets and liabilities, net of acquisitions:    
Decrease (Increase) in accounts receivable 3,012 (11,600)
Increase in inventories (72,104) (71,013)
Decrease in prepaid expenses and other current assets 19,306 4,732
(Decrease) Increase in pension and post-retirement benefits (4,437) 2,182
Decrease in accounts payable and accrued expenses (71,735) (26,118)
NET CASH PROVIDED BY OPERATING ACTIVITIES 319,425 271,622
INVESTING ACTIVITIES    
Net purchase of trading securities (20,000) (50,000)
Acquisitions of businesses/intangibles (7,207) (27,978)
Purchases of property/equipment (56,253) (63,754)
Proceeds from sales of property/equipment 3,496 3,200
Decrease (Increase) in investments, equity in affiliates, and other assets 7,010 (30,970)
NET CASH USED IN INVESTING ACTIVITIES (72,954) (169,502)
FINANCING ACTIVITIES    
Proceeds from long-term debt, net 247,564 0
Principal payments on long-term debt (350,000) 0
Dividends paid on common stock (95,991) (81,429)
Share repurchase (80,648) (53,171)
Proceeds from exercise of stock options 50,540 16,780
Excess tax benefit from stock-based compensation 13,590 7,243
Distribution to noncontrolling interest (3,000) 0
Other 993 122
NET CASH USED IN FINANCING ACTIVITIES (216,952) (110,455)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 29,519 (8,335)
Cash and cash equivalents at beginning of year 467,845 385,252
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 497,364 $ 376,917