Basis of Presentation (Policies)

9 Months Ended

Jul. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Certain amounts reported in previous periods have been reclassified to conform to the fiscal 2016 presentation. As further discussed in Note 17, New Accounting Pronouncements, the Company adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03), in the first quarter of fiscal 2016. As shown in the table below, pursuant to the guidance in ASU 2015-03 the Company has reclassified unamortized debt issuance costs associated with its senior notes in the Condensed Consolidated Balance Sheet as of October 31, 2015 as follows (in thousands):

	October 31, 2015 as presented		Reclassifications			October 31, 2015 as adjusted
Other assets	$	43,962	$	(3,401	)	$	40,561
Total other assets	$	2,338,520	$	(3,401	)	$	2,335,119
Total assets	$	7,062,178	$	(3,401	)	$	7,058,777
Current debt	$	374,839	$	(245	)	$	374,594
Current liabilities	$	1,113,830	$	(245	)	$	1,113,585
Long-term debt	$	498,497	$	(3,156	)	$	495,341
Total non-current liabilities	$	875,389	$	(3,156	)	$	872,233
Total liabilities and shareholders equity	$	7,062,178	$	(3,401	)	$	7,058,777

The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Fiscal 2016 and fiscal 2015 are 52-week fiscal years.

Proposed acquisition of Linear Technology Corporation

On July 26, 2016, the Company entered into a definitive agreement (the “Merger Agreement”) to acquire Linear Technology Corporation (“Linear”), an independent manufacturer of high performance linear integrated circuits. See Note 15, Acquisitions, for additional information.