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Retirement Plans (Tables)
12 Months Ended
Oct. 28, 2017
Retirement Benefits [Abstract]  
Schedule of net periodic pension cost of non-U.S. plans
Net annual periodic pension cost of non-U.S. plans for fiscal 2017, fiscal 2016 and fiscal 2015 is presented in the following table:
 
2017
 
2016
 
2015
Service cost
$
6,688

 
$
5,520

 
$
15,675

Interest cost
3,581

 
3,675

 
11,636

Expected return on plan assets
(4,086
)
 
(3,764
)
 
(13,509
)
Amortization of prior service cost
14

 

 
(229
)
Amortization of transition obligation
(9
)
 
17

 
18

Recognized actuarial loss
1,865

 
679

 
7,257

Subtotal
$
8,053

 
$
6,127

 
$
20,848

Curtailment impact

 

 
(4,463
)
Settlement impact

 
151

 
226,810

Net periodic pension cost
$
8,053

 
$
6,278

 
$
243,195

Schedule of obligation and asset data of the Company's non-US plans
Obligation and asset data of the Company’s non-U.S. plans at October 28, 2017 and October 29, 2016 is presented in the following table:
 
2017
 
2016
Change in Benefit Obligation
 

 
 

Benefit obligation at beginning of year
$
129,711

 
$
106,533

Service cost
6,688

 
5,520

Interest cost
3,581

 
3,675

Plan amendments
176

 
(142
)
Settlement

 
(632
)
Actuarial loss
(2,615
)
 
30,223

Benefits paid
(2,663
)
 
(1,701
)
Exchange rate adjustment
4,638

 
(13,765
)
Benefit obligation at end of year
$
139,516

 
$
129,711

Change in Plan Assets
 

 
 

Fair value of plan assets at beginning of year
$
69,823

 
$
70,365

Actual return on plan assets
5,420

 
9,002

Employer contributions
4,995

 
4,880

Settlements

 
(632
)
Benefits paid
(2,663
)
 
(1,701
)
Exchange rate adjustment
2,041

 
(12,091
)
Fair value of plan assets at end of year
$
79,616

 
$
69,823

Reconciliation of Funded Status
 

 
 

Funded status
$
(59,900
)
 
$
(59,888
)
Amounts Recognized in the Balance Sheet
 

 
 

Current liabilities
(733
)
 
(606
)
Non-current liabilities
(59,167
)
 
(59,282
)
Net amount recognized
$
(59,900
)
 
$
(59,888
)

 
2017
 
2016
Reconciliation of Amounts Recognized in the Statement of Financial Position
 

 
 

Initial net obligation
$
(10
)
 
$
(24
)
Prior service credit
(45
)
 
148

Net loss
(35,779
)
 
(39,647
)
Accumulated other comprehensive loss
(35,834
)
 
(39,523
)
Accumulated contributions less than net periodic benefit cost
(24,066
)
 
(20,365
)
Net amount recognized
$
(59,900
)
 
$
(59,888
)
Changes Recognized in Other Comprehensive Income
 

 
 

Changes in plan assets and benefit obligations recognized in other comprehensive income
 

 
 

Prior service cost
$
176

 
$
(142
)
Net loss arising during the year (includes curtailment gains not recognized as a component of net periodic cost)
$
(3,949
)
 
$
24,985

Effect of exchange rates on amounts included in accumulated other comprehensive income (loss)
1,952

 
(4,137
)
Amounts recognized as a component of net periodic benefit cost
 

 
 

Amortization, settlement or curtailment recognition of net transition obligation
(14
)
 
(17
)
Amortization or curtailment recognition of prior service credit (cost)
9

 

Amortization or settlement recognition of net loss
(1,865
)
 
(830
)
Total recognized in other comprehensive loss
$
(3,691
)
 
$
19,859

Total recognized in net periodic cost and other comprehensive loss
$
4,362

 
$
26,137

Estimated amounts that will be amortized from accumulated other comprehensive (loss) income over the next fiscal year
 

 
 

Initial net obligation
$
(10
)
 
$
(14
)
Prior service credit
(2
)

10

Net loss
(1,582
)
 
(1,808
)
Total
$
(1,594
)
 
$
(1,812
)
Schedule of accumulated and projected benefit obligation in excess of plan assets
Information relating to the Company’s non-U.S. plans with projected benefit obligations in excess of plan assets and accumulated benefit obligations in excess of plan assets at October 28, 2017 and October 29, 2016 is presented in the following table:
 
2017
 
2016
Plans with projected benefit obligations in excess of plan assets:
 

 
 

Projected benefit obligation
$
139,516

 
$
129,711

Fair value of plan assets
$
79,616

 
$
69,823

Plans with accumulated benefit obligations in excess of plan assets:
 

 
 

Projected benefit obligation
$
109,261

 
$
98,244

Accumulated benefit obligation
$
103,470

 
$
93,164

Fair value of plan assets
$
53,747

 
$
45,948

Schedule of weighted average assumptions used
The range of assumptions used for the non-U.S. defined benefit plans reflects the different economic environments within the various countries as well as the differences in the attributes of the participants. As of October 29, 2016, the Company changed the method utilized to estimate the service cost and interest cost components of net periodic benefit cost for certain of its defined benefit pension plans. Prior to October 29, 2016, the Company estimated the service cost and interest cost components of net periodic benefit costs using a single weighted average discount rate. Beginning October 29, 2016, the Company uses a spot rate approach to estimate the service and interest cost components of net periodic benefit cost for certain of its defined benefit pension plans as the Company believes this approach calculates a better estimate. The change did not, and is not expected to, materially affect the Company's Consolidated Statement of Income.
The projected benefit obligation was determined using the following weighted-average assumptions:
 
2017
 
2016
Discount rate
3.02
%
 
2.92
%
Rate of increase in compensation levels
3.18
%
 
3.36
%
Net annual periodic pension cost was determined using the following weighted average assumptions:
 
2017
 
2016
Discount rate
2.92
%
 
3.64
%
Expected long-term return on plan assets
5.58
%
 
5.65
%
Rate of increase in compensation levels
3.36
%
 
3.05
%
Plan assets measured at fair value on a recurring basis by investment categories
The following table presents plan assets measured at fair value on a recurring basis by investment categories as of October 28, 2017 and October 29, 2016 using the same three-level hierarchy described in Note 2j, Fair Value, of these Notes to Consolidated Financial Statements:
 
October 28, 2017
 
 
 
October 29, 2016
 
 
 
Fair Value Measurement at Reporting Date Using:
 
 
 
Fair Value Measurement at Reporting Date Using:
 
 
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
Total
Unit trust funds(1)
$

 
$
1,676

 
$

 
$
1,676

 
$

 
$
4,681

 
$

 
$
4,681

Equities(1)
4,701

 
32,520

 
69

 
37,290

 

 
30,510

 
74

 
30,584

Fixed income securities(2)

 
39,442

 

 
39,442

 

 
33,573

 

 
33,573

Cash and cash equivalents
1,208

 

 

 
1,208

 
985

 

 

 
985

Total assets measured at fair value
$
5,909

 
$
73,638

 
$
69

 
$
79,616

 
$
985

 
$
68,764

 
$
74

 
$
69,823

_______________________________________
(1)
The majority of the assets in these categories are invested in a mix of equities, including those from North America, Europe and Asia. The funds are valued using the net asset value method in which an average of the market prices for underlying investments is used to value the fund. Due to the nature of the underlying assets of these funds, changes in market conditions and the economic environment may significantly impact the net asset value of these investments and, consequently, the fair value of the investments. These investments are redeemable at net asset value to the extent provided in the documentation governing the investments. However, these redemption rights may be restricted in accordance with governing documents. Publicly traded securities are valued at the last trade or closing price reported in the active market in which the individual securities are traded. Level 3 securities are valued at book value per share based upon the financial statements of the investment.
(2)
The majority of the assets in this category are invested in funds primarily concentrated in non-U.S. debt instruments. The funds are valued using the net asset value method in which an average of the market prices for underlying investments is used to value the fund.
Reconciliation of the plan assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
The table below presents a reconciliation of the plan assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for fiscal 2017 and fiscal 2016.
 
Equities
Balance as of October 31, 2015
$
77

Exchange rate adjustment
(3
)
Balance as of October 29, 2016
$
74

Purchases, sales, and settlements, net
(420
)
Realized and unrealized return on plan assets
420

Exchange rate adjustment
(5
)
Balance as of October 28, 2017
$
69

Schedule of expected company contributions and estimated future benefit payments
Expected fiscal 2018 Company contributions and estimated future benefit payments are as follows:
Expected Company Contributions
 

2018
$
4,978

Expected Benefit Payments
 

2019
$
1,958

2020
$
2,111

2021
$
2,079

2022
$
2,280

2023
$
2,936

2024 through 2027
$
21,083