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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 29, 2017
Jan. 24, 2016
OPERATING ACTIVITIES    
Net earnings $ 235,303 $ 235,167
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 29,247 29,679
Amortization of intangibles 2,072 2,125
Equity in earnings of affiliates, net of dividends (10,776) (6,454)
Provision for deferred income taxes 11,215 (1,735)
(Gain)/loss on property/equipment sales and plant facilities (801) 126
Non-cash investment activities (1,208) 2,081
Stock-based compensation expense 7,240 7,162
Excess tax benefit from stock-based compensation (17,630) (20,149)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease (increase) in accounts receivable 36,507 50,951
(Increase) decrease in inventories (17,513) (1,439)
Increase (decrease) in prepaid expenses and other current assets (1,144) 7,917
Increase (decrease) in pension and post-retirement benefits 3,238 1,047
(Decrease) increase in accounts payable and accrued expenses (98,131) (27,787)
NET CASH PROVIDED (USED IN) BY OPERATING ACTIVITIES 177,619 278,691
INVESTING ACTIVITIES    
Sale of business 135,944  
Purchases of property/equipment (37,895) (33,480)
Proceeds from sales of property/equipment 3,926 1,411
Decrease in investments, equity in affiliates, and other assets 3,596 11,088
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 105,571 (20,981)
FINANCING ACTIVITIES    
Principal payments on short-term debt   (185,000)
Dividends paid on common stock (76,629) (66,137)
Share repurchase (30,588)  
Proceeds from exercise of stock options 7,398 3,514
Excess tax benefit from stock-based compensation 17,630 20,149
NET CASH USED IN FINANCING ACTIVITIES (82,189) (227,474)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (6,323) (2,260)
INCREASE IN CASH AND CASH EQUIVALENTS 194,678 27,976
Cash and cash equivalents at beginning of year 415,143 347,239
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 609,821 $ 375,215