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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 02, 2019
Nov. 03, 2018
[1]
Current Assets    
Cash and cash equivalents $ 648,322 $ 816,591
Accounts receivable less allowances of $8,387 ($2,284 in 2018) 635,136 639,717
Inventories 609,886 586,760
Prepaid expenses and other current assets 91,782 69,058
Total current assets 1,985,126 2,112,126
Property, Plant and Equipment, at Cost    
Land and buildings 956,099 873,186
Machinery and equipment 2,609,493 2,478,032
Office equipment 85,490 76,233
Leasehold improvements 160,175 100,374
Property, plant and equipment, at cost 3,811,257 3,527,825
Less accumulated depreciation and amortization 2,591,268 2,373,497
Net property, plant and equipment 1,219,989 1,154,328
Other Assets    
Deferred compensation plan investments 47,154 39,853
Other investments 30,170 28,730
Goodwill 12,256,880 12,252,604
Intangible assets, net 4,217,224 4,778,192
Deferred tax assets 1,582,382 9,665
Other assets 53,716 62,868
Total other assets 18,187,526 17,171,912
Total assets 21,392,641 20,438,366
Current Liabilities    
Accounts payable 225,270 260,919
Income taxes payable 187,879 93,722
Debt, current 299,667 67,000
Accrued liabilities 795,816 630,107
Total current liabilities 1,508,632 1,051,748
Non-current Liabilities    
Long-term debt 5,192,252 6,265,674
Deferred income taxes 2,088,212 990,409
Deferred compensation plan liability 47,154 39,846
Income taxes payable 654,420 710,179
Other non-current liabilities 192,783 112,337
Total non-current liabilities 8,174,821 8,118,445
Commitments and contingencies (Note 10)
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, 368,302,369 shares outstanding (370,159,553 on November 3, 2018) 61,385 61,694
Capital in excess of par value 4,936,349 5,282,222
Retained earnings 6,899,253 5,982,697
Accumulated other comprehensive loss (187,799) (58,440)
Total shareholders’ equity 11,709,188 11,268,173
Liabilities and Shareholders' Equity $ 21,392,641 $ 20,438,366
[1] Balances have been restated to reflect the adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 2a, Principles of Consolidation, in the Notes to Consolidated Financial Statements.