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Retirement Plans (Tables)
12 Months Ended
Nov. 01, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost of Non-U.S. Plans
Net annual periodic benefit cost of the Company’s pension and postretirement benefit plans for fiscal 2025, fiscal 2024 and fiscal 2023 is presented in the following table:
202520242023
Service cost$12,243 $8,643 $7,728 
Interest cost10,172 9,564 8,773 
Expected return on plan assets(5,329)(5,061)(5,236)
Recognized actuarial loss2,107 1,345 1,168 
Subtotal$19,193 $14,491 $12,433 
Settlement impact— 820 173 
Net periodic benefit cost$19,193 $15,311 $12,606 
Schedule of Obligation and Asset Data of The Company's Non-US Plans
Obligation and asset data of the Company’s pension and postretirement benefit plans at November 1, 2025 and November 2, 2024 is presented in the following table:
20252024
Change in Benefit Obligation  
Benefit obligation at beginning of year$202,779 $167,868 
Service cost12,243 8,643 
Interest cost10,172 9,564 
Plan combinations
— 23,349 
Settlement— (13,240)
Actuarial (gain)/loss
(19,248)5,438 
Benefits paid(7,213)(3,152)
Exchange rate adjustment1,349 4,309 
Benefit obligation at end of year$200,082 $202,779 
Change in Plan Assets  
Fair value of plan assets at beginning of year$98,648 $87,606 
Actual return on plan assets(1,987)9,479 
Employer contributions10,382 10,273 
Plan combinations
— 4,602 
Settlements— (13,240)
Benefits paid(7,213)(3,152)
Exchange rate adjustment(372)3,080 
Fair value of plan assets at end of year$99,458 $98,648 
Reconciliation of Funded Status  
Funded status$(100,624)$(104,131)
Amounts Recognized in the Balance Sheet  
Non-current assets$12,990 $6,111 
Current liabilities(3,275)(3,254)
Non-current liabilities(110,339)(106,988)
Net amount recognized$(100,624)$(104,131)
20252024
Reconciliation of Amounts Recognized in the Statement of Financial Position  
Net loss(12,351)(25,961)
Accumulated other comprehensive loss(12,351)(25,961)
Accumulated contributions less than net periodic benefit cost(88,273)(78,170)
Net amount recognized$(100,624)$(104,131)
Changes Recognized in Other Comprehensive Income (Loss)  
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss)  
Net gain/loss arising during the year $(11,932)$1,019 
Plan combinations— 13,413 
Effect of exchange rates on amounts included in AOCI429 1,363 
Amounts recognized as a component of net periodic benefit cost  
Amortization or settlement recognition of net loss(2,107)(2,165)
Total recognized in other comprehensive gain/loss$(13,610)$13,630 
Total recognized in net periodic cost and other comprehensive loss$5,583 $28,941 
Estimated amounts that will be amortized from AOCI over the next fiscal year  
Net loss$(1,068)$(2,148)
Schedule of Accumulated and Projected Benefit Obligation in Excess of Plan Assets
Information relating to the Company’s pension and postretirement benefit plans with projected benefit obligations in excess of plan assets and accumulated benefit obligations in excess of plan assets at November 1, 2025 and November 2, 2024 is presented in the following table:
20252024
Plans with projected benefit obligations in excess of plan assets:  
Projected benefit obligation$160,395 $155,777 
Fair value of plan assets$46,782 $43,944 
Plans with accumulated benefit obligations in excess of plan assets:  
Projected benefit obligation$82,486 $76,867 
Accumulated benefit obligation$56,462 $54,675 
Fair value of plan assets$7,751 $5,777 
Schedule of Weighted Average Assumptions Used
The projected benefit obligation was determined using the following weighted-average assumptions:
20252024
Discount rate5.73 %5.20 %
Rate of increase in compensation levels5.85 %5.23 %
Net annual periodic benefit cost was determined using the following weighted average assumptions:
20252024
Discount rate5.20 %5.73 %
Expected long-term return on plan assets5.34 %5.69 %
Rate of increase in compensation levels5.23 %4.34 %
Schedule of Plan Assets Measured at Fair Value On A Recurring Basis By Investment Categories
The following table presents plan assets measured at fair value on a recurring basis by investment categories as of November 1, 2025 and November 2, 2024 using the same three-level hierarchy described in Note 2j, Fair Value, of the Notes to Consolidated Financial Statements:
November 1, 2025November 2, 2024
Fair Value Measurement at Reporting Date Using:Fair Value Measurement at Reporting Date Using:
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
TotalQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Unit trust funds(1)$— $529 $529 $— $7,264 $7,264 
Equities(1)7,407 2,368 9,775 6,675 — 6,675 
Fixed income securities(2)— 27,822 27,822 — 24,013 24,013 
Property (3)— 4,402 4,402 — 4,446 4,446 
Investment Funds (4)— 46,921 46,921 — 47,282 47,282 
Pooled Funds (5)— 6,178 6,178 — 4,582 4,582 
Cash and cash equivalents3,831 — 3,831 4,386 — 4,386 
Total assets measured at fair value$11,238 $88,220 $99,458 $11,061 $87,587 $98,648 
_______________________________________
(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.
(2)Consists of 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.
(3)Consists of funds that primarily invest in global real estate and infrastructure funds. 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.
(4)Consists of liability driven investment funds that may hold a range of low-risk hedging instruments including but not limited to government bonds, interest rate and inflation swaps, physical inflation-linked and nominal gilts, synthetic gilts, cash and money market instruments. The investment funds are valued at the closing price reported if traded on an active market or at yields currently available on comparable securities of issuers with similar credit ratings.
(5)Consists of a fund-based variable insurance policy that declares a fixed return on a quarterly or annual basis. The fair value is the estimated surrender value of the policy.
Schedule of Expected Company Contributions and Estimated Future Benefit Payments
Expected fiscal 2026 Company contributions and estimated future benefit payments are as follows:
Expected Company Contributions 
2026$9,353 
Expected Benefit Payments 
2025$6,758 
2026$7,201 
2027$8,253 
2028$9,344 
2029$8,928 
2030 through 2034
$77,411