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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 30, 2016
Oct. 25, 2015
Oct. 26, 2014
OPERATING ACTIVITIES      
Net earnings $ 890,517 $ 687,264 $ 606,026
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 123,581 125,292 120,692
Amortization of intangibles 8,387 8,142 9,352
Goodwill impairment charge 991 21,537 0
Equity in earnings of affiliates, net of dividends 7,505 13,438 5,246
Provision for deferred income taxes 44,327 19,979 9,800
Loss (gain) on property/equipment sales and plant facilities 80 (5,240) (1,667)
Non-cash investment activities (1,287) (847) (1,387)
Stock-based compensation expense 17,829 15,717 14,393
Excess tax benefit from stock-based compensation (47,657) (22,950) (24,700)
Changes in operating assets and liabilities, net of acquisitions:      
Decrease (increase) in accounts receivable 21,389 22,451 (20,486)
(Increase) decrease in inventories (12,281) 82,437 (21,645)
Decrease (increase) in prepaid expenses and other current assets 48,656 62,635 11,592
(Decrease) increase in pension and post-retirement benefits (34,510) (28,999) (32,644)
(Decrease) increase in accounts payable and accrued expenses (74,679) (7,429) 72,307
Other   (1,435)  
NET CASH PROVIDED BY OPERATING ACTIVITIES 992,848 991,992 746,879
INVESTING ACTIVITIES      
Sale of business 110,149    
Acquisitions of businesses/intangibles (280,889) (770,587) (466,204)
Purchases of property/equipment (255,524) (144,063) (159,138)
Proceeds from sales of property/equipment 6,227 18,501 10,285
Decrease (increase) in investments, equity in affiliates, and other assets 11,078 (4,798) (1,718)
NET CASH USED IN INVESTING ACTIVITIES (408,959) (900,947) (616,775)
FINANCING ACTIVITIES      
Proceeds from short-term debt 245,000 350,000 115,000
Principal payments on short-term debt (430,000) (165,000) (115,000)
Dividends paid on common stock (296,493) (250,834) (203,156)
Share repurchase (87,885) (24,928) (58,937)
Proceeds from exercise of stock options 12,075 10,468 10,523
Excess tax benefit from stock-based compensation 47,657 22,950 24,700
Distribution to noncontrolling interest   (1,581) (2,500)
Payment to noncontrolling interest   (11,702)  
NET CASH USED IN FINANCING ACTIVITIES (509,646) (70,627) (229,370)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (6,339) (7,353) (574)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 67,904 13,065 (99,840)
Cash and cash equivalents at beginning of year 347,239 334,174 434,014
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 415,143 $ 347,239 $ 334,174