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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 04, 2019
Nov. 03, 2018
[1]
Current Assets    
Cash and cash equivalents $ 713,601 $ 816,591
Accounts receivable 685,978 639,717
Inventories [2] 608,085 586,760
Prepaid income tax 2,935 3,196
Prepaid expenses and other current assets 69,890 65,862
Total current assets 2,080,489 2,112,126
Property, Plant and Equipment, at Cost    
Land and buildings 903,378 873,186
Machinery and equipment 2,560,573 2,478,032
Office equipment 82,706 76,233
Leasehold improvements 147,253 100,374
Property, Plant and Equipment, at Cost 3,693,910 3,527,825
Less accumulated depreciation and amortization 2,482,443 2,373,497
Net property, plant and equipment 1,211,467 1,154,328
Other Assets    
Deferred compensation plan investments 42,661 39,853
Other investments 31,616 28,730
Goodwill 12,250,370 12,252,604
Intangible assets, net 4,489,182 4,778,192
Deferred tax assets 1,610,109 9,665
Other assets 60,431 62,868
Total other assets 18,484,369 17,171,912
Total assets 21,776,325 20,438,366
Current Liabilities    
Accounts payable 208,243 260,919
Income taxes payable 124,356 93,722
Debt, current 374,165 67,000
Accrued liabilities 658,271 630,107
Total current liabilities 1,365,035 1,051,748
Non-current liabilities    
Long-term debt 5,612,365 6,265,674
Deferred income taxes 2,228,822 990,409
Deferred compensation plan liability 42,661 39,846
Income taxes payable 647,714 710,179
Other non-current liabilities 137,470 112,337
Total non-current liabilities 8,669,032 8,118,445
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding 0 0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 369,761,227 shares outstanding (370,159,553 on November 3, 2018) 61,628 61,694
Capital in excess of par value 5,117,202 5,282,222
Retained earnings 6,659,449 5,982,697
Accumulated other comprehensive loss (96,021) (58,440)
Total shareholders’ equity 11,742,258 11,268,173
Liabilities and Shareholders' Equity $ 21,776,325 $ 20,438,366
[1] Balances have been restated to reflect the full retrospective adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 1, Basis of Presentation, in the Notes to Condensed Consolidated Financial Statements.
[2]
Includes $6,982 and $7,128 related to stock-based compensation at May 4, 2019 and November 3, 2018, respectively.