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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jul. 24, 2016
Jul. 26, 2015
OPERATING ACTIVITIES    
Net earnings $ 646,327 $ 499,821
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 89,996 92,842
Amortization of intangibles 6,524 6,185
Goodwill impairment charge 991  
Equity in earnings of affiliates, net of dividends (2,905) 21,395
Provision for deferred income taxes 4,428 9,619
Gain on property/equipment sales and plant facilities 138 (6,645)
Non-cash investment activities (1,247) (1,198)
Stock-based compensation expense 16,091 14,260
Excess tax benefit from stock-based compensation (39,190) (14,139)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 47,767 78,970
(Increase) decrease in inventories (60,579) 89,375
Decrease in prepaid expenses and other current assets 45,077 45,310
Decrease in pension and post-retirement benefits (26,266) (21,575)
Decrease in accounts payable and accrued expenses (105,466) (125,311)
Other   1,336
NET CASH PROVIDED BY OPERATING ACTIVITIES 621,686 690,245
INVESTING ACTIVITIES    
Sale of business 110,149  
Acquisitions of businesses/intangibles (281,655) (768,339)
Purchases of property/equipment (165,828) (96,802)
Proceeds from sales of property/equipment 2,590 15,024
Decrease in investments, equity in affiliates, and other assets 6,865 3,424
NET CASH USED IN INVESTING ACTIVITIES (327,879) (846,693)
FINANCING ACTIVITIES    
Proceeds from short-term debt 145,000 350,000
Principal payments on short-term debt (185,000)  
Dividends paid on common stock (219,744) (184,761)
Share repurchase (44,976)  
Proceeds from exercise of stock options 9,233 7,837
Excess tax benefit from stock-based compensation 39,190 14,139
Payment to noncontrolling interest   (11,702)
Distribution to noncontrolling interest   (1,581)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (256,297) 173,932
EFFECT OF EXCHANGE RATE CHANGES ON CASH (5,152) (2,489)
INCREASE IN CASH AND CASH EQUIVALENTS 32,358 14,995
Cash and cash equivalents at beginning of year 347,239 334,174
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 379,597 $ 349,169