STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jan. 25, 2015

Schedule of reconciliation of the number of options outstanding and exercisable

A reconciliation of the number of options outstanding and exercisable (in thousands) as of January 25, 2015, and changes during the quarter then ended, is as follows:

	Shares	Weighted- Average Exercise Price	Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at October 26, 2014	17,402	$ 24.61
Granted	1,169	52.76
Exercised	285	19.69
Outstanding at January 25, 2015	18,286	$ 26.49	5.4 years	$ 491,242
Exercisable at January 25, 2015	13,740	$ 21.99	4.4 years	$ 430,900

Schedule of weighted-average grant date fair value of stock options granted, and the total intrinsic value of options exercised

The weighted-average grant date fair value of stock options granted and the total intrinsic value of options exercised (in thousands) during the first quarter of fiscal years 2015 and 2014 are as follows:

	Three Months Ended
	January 25, 2015	January 26, 2014
Weighted-average grant date fair value	$ 10.08	$	9.89
Intrinsic value of exercised options	$ 9,192	$	13,402

Schedule of weighted-average assumptions used to calculate fair value of each option award

	Three Months Ended
	January 25, 2015	January 26, 2014
Risk-free interest rate	2.2 %	2.5%
Dividend yield	1.9 %	1.7%
Stock price volatility	19.0%	20.0%
Expected option life	8 years	8 years

Schedule of stock-based compensation expense, along with the related income tax benefit

	Three Months Ended
(in thousands)	January 25, 2015	January 26, 2014
Stock-based compensation expense recognized	$ 5,524	$ 4,957
Income tax benefit recognized	2,097	1,884
After-tax stock-based compensation expense	$ 3,427	$ 3,073