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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 26, 2015
Jul. 27, 2014
OPERATING ACTIVITIES    
Net earnings $ 499,821 $ 434,178
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 92,842 90,189
Amortization of intangibles 6,185 6,945
Equity in earnings of affiliates, net of dividends 21,395 7,279
Provision for deferred income taxes 9,619 2,382
Gain on property/equipment sales and plant facilities (6,645) (1,261)
Non-cash investment activities (1,198) (1,852)
Stock-based compensation expense 14,260 12,690
Excess tax benefit from stock-based compensation (14,139) (17,814)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 78,970 14,995
Decrease (increase) in inventories 89,375 (106,231)
Decrease in prepaid expenses and other current assets 45,310 5,034
Increase in pension and post-retirement benefits (21,575) (25,873)
Decrease in accounts payable and accrued expenses (125,311) (26,295)
Other 1,336  
NET CASH PROVIDED BY OPERATING ACTIVITIES 690,245 394,366
INVESTING ACTIVITIES    
Acquisitions of businesses/intangibles (768,339) (41,876)
Purchases of property/equipment (96,802) (111,827)
Proceeds from sales of property/equipment 15,024 8,568
Decrease in investments, equity in affiliates, and other assets 3,424 905
NET CASH USED IN INVESTING ACTIVITIES (846,693) (144,230)
FINANCING ACTIVITIES    
Proceeds from short-term debt 350,000  
Dividends paid on common stock (184,761) (150,360)
Share repurchase   (28,068)
Proceeds from exercise of stock options 7,837 8,496
Excess tax benefit from stock-based compensation 14,139 17,814
Payment to noncontrolling interest (11,702)  
Distribution to noncontrolling interest (1,581)  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 173,932 (152,118)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (2,489) (1,055)
INCREASE IN CASH AND CASH EQUIVALENTS 14,995 96,963
Cash and cash equivalents at beginning of year 334,174 434,014
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 349,169 $ 530,977