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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 30, 2017
Jul. 24, 2016
OPERATING ACTIVITIES    
Net earnings $ 628,740 $ 646,327
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 89,930 89,996
Amortization of intangibles 6,191 6,524
Goodwill impairment charge   991
Equity in earnings of affiliates, net of dividends (7,855) (2,905)
Provision for deferred income taxes 11,359 4,428
Gain on property/equipment sales and plant facilities 1,283 138
Non-cash investment activities (3,790) (1,247)
Stock-based compensation expense 13,867 16,091
Excess tax benefit from stock-based compensation (24,859) (39,190)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 18,348 47,767
Increase in inventories (72,598) (60,579)
(Increase) decrease in prepaid expenses and other current assets (22,333) 6,603
Decrease in pension and post-retirement benefits (6,370) (26,266)
Decrease in accounts payable and accrued expenses (166,509) (105,466)
Increase in net income taxes payable 46,069 38,474
NET CASH PROVIDED BY OPERATING ACTIVITIES 511,473 621,686
INVESTING ACTIVITIES    
Proceeds from sale of business 135,944 110,149
Acquisitions of businesses/intangibles   (281,655)
Purchases of property/equipment (118,511) (165,828)
Proceeds from sales of property/equipment 2,532 2,590
(Increase) decrease in investments, equity in affiliates, and other assets (1,154) 6,865
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 18,811 (327,879)
FINANCING ACTIVITIES    
Proceeds from short-term debt   145,000
Principal payments on short-term debt   (185,000)
Dividends paid on common stock (256,341) (219,744)
Share repurchase (94,487) (44,976)
Proceeds from exercise of stock options 14,337 9,233
Excess tax benefit from stock-based compensation 24,859 39,190
NET CASH USED IN FINANCING ACTIVITIES (311,632) (256,297)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (454) (5,152)
INCREASE IN CASH AND CASH EQUIVALENTS 218,198 32,358
Cash and cash equivalents at beginning of year 415,143 347,239
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 633,341 $ 379,597