XML 49 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 27, 2013
Oct. 28, 2012
Oct. 30, 2011
Operating Activities      
Net earnings $ 530,076 $ 504,961 $ 479,196
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 115,371 110,519 114,689
Amortization of intangibles 9,479 8,975 9,476
Equity in earnings of affiliates, net of dividends 13,507 (1,583) (22,726)
Provision for deferred income taxes 1,067 4,668 6,752
Gain on property/equipment sales and plant facilities (2,127) (170) (632)
Non-cash investment activities (2,705) (3,514) 3,995
Stock-based compensation expense 17,596 16,710 17,229
Excess tax benefit from stock-based compensation (23,406) (8,847) (15,205)
Other 963   486
Changes in operating assets and liabilities, net of acquisitions:      
Increase in accounts receivable (44,459) (45,931) (30,171)
Decrease (increase) in inventories 31,699 (64,698) (92,052)
(Increase) decrease in prepaid expenses and other current assets (9,792) 7,194 10,513
Increase (decrease) in pension and post-retirement benefits 11,283 (10,019) 5,197
(Decrease) increase in accounts payable and accrued expenses (10,747) (484) 3,732
Net Cash Provided by Operating Activities 637,805 517,781 490,479
Investing Activities      
Net sale (purchase) of trading securities 77,558   (20,000)
Acquisitions of businesses/intangibles (665,415) (168) (7,207)
Purchases of property/equipment (106,762) (132,303) (96,911)
Proceeds from sales of property/equipment 10,164 4,564 4,386
(Increase) decrease in investments, equity in affiliates, and other assets (6,619) 21,143 (51,253)
Net Cash Used in Investing Activities (691,074) (106,764) (170,985)
Financing Activities      
Proceeds from long-term debt, net     247,564
Principal payments on long-term debt     (350,000)
Dividends paid on common stock (174,320) (152,204) (129,975)
Share repurchase (70,819) (61,366) (152,930)
Proceeds from exercise of stock options 30,212 14,700 53,780
Excess tax benefit from stock-based compensation 23,406 8,847 15,205
Distribution to noncontrolling interest (4,000) (3,500) (8,000)
Proceeds from noncontrolling interest   774  
Other     (1,146)
Net Cash Used in Financing Activities (195,521) (192,749) (325,502)
Effect of Exchange Rate Changes on Cash 416 990 1,293
(Decrease) Increase in Cash and Cash Equivalents (248,374) 219,258 (4,715)
Cash and cash equivalents at beginning of year 682,388 463,130 467,845
Cash and Cash Equivalents at End of Year $ 434,014 $ 682,388 $ 463,130