Retiree Benefits (Tables)

12 Months Ended

Oct. 30, 2015

Compensation and Retirement Disclosure [Abstract]

The components of the net periodic benefit cost associated with our other postretirement benefit plans, all of which relate to operations in the U.S., and prior to any related inventory adjustments for the annual mark to market adjustment, are as follows:



	Other Postretirement Benefit Plans
In thousands	October 30, 2015			October 31, 2014			October 25, 2013
				(As adjusted)			(As adjusted)
Components of net periodic benefit cost:
Service cost	$	817		$	952		$	1,083
Interest cost	1,162			1,279			1,168
Expected return on assets	(624		)	(554		)	(427		)
Amortization of prior service costs	132			132			69
Year end mark to market adjustment	1,678			30			(1,722		)
Total net periodic benefit cost of continuing operations	$	3,165		$	1,839		$	171

The components of the net periodic benefit cost associated with our U.S. pension plans and pension plans of subsidiaries outside of the U.S. are as follows:



	U.S. Pension Plans									Non-U.S. Pension Plans
In thousands	October 30, 2015			October 31, 2014			October 25, 2013			October 30, 2015			October 31, 2014			October 25, 2013
				(As adjusted)			(As adjusted)						(As adjusted)			(As adjusted)
Components of net periodic benefit cost (income):
Service cost	$	2,379		$	2,891		$	3,794		$	1,531		$	3,314		$	7,492
Interest cost	49,446			52,756			48,453			26,087			30,420			29,216
Expected return on assets	(66,655		)	(64,243		)	(69,444		)	(38,512		)	(40,147		)	(38,685		)
Amortization of prior service cost	—			398			610			66			54			—
Year end mark to market adjustment	61,949			10,356			(42,532		)	(324		)	(607		)	42,602
Curtailment loss	—			7,838			—			—			279			—
Special termination benefits	2,627			—			—			—			—			—
Total net periodic benefit cost	$	49,746		$	9,996		$	(59,119	)	$	(11,152	)	$	(6,687	)	$	40,625

Schedule of Assumptions Used

Significant assumptions used in determining net periodic benefit cost are as follows (in weighted averages):



	U.S. Pension Plans						Non-U.S. Pension Plans						Other Postretirement Benefit Plans
	2015		2014		2013		2015		2014		2013		2015		2014		2013
Discount rate*	4.40	%	4.85	%	3.95	%	4.09	%	4.25	%	4.28	%	4.00	%	4.25	%	3.60	%
Expected return on plan assets**	6.40	%	6.25	%	6.50	%	6.30	%	6.30	%	6.64	%	7.25	%	7.25	%	7.40	%
Rate of compensation increase	—		—		—		4.21	%	4.21	%	4.23	%	—		—		—

* Due to the mid-year settlement measurements, the fiscal 2015 weighted average discount rate ranged from 3.50% – 4.09% throughout the year for the non-U.S. pension plans. Due to the mid-year curtailment measurements, the fiscal 2014 weighted average discount rate ranged from 4.45% – 4.85% and 4.25% – 4.45% throughout the year for the U.S. pension plans and non-U.S. pension plans, respectively.

** Due to the mid-year settlement measurements, the fiscal 2015 weighted average expected return on plan assets ranged from 5.65% – 6.30% for the non-U.S. pension plans. Due to the mid-year curtailment measurements, the fiscal 2014 weighted average expected return on plan assets ranged from 6.25% – 6.35% for the U.S. pension plans.

Significant assumptions used in determining benefit obligations are as follows (in weighted averages):



	U.S. Pension Plans				Non-U.S. Pension Plans				Other Postretirement Benefit Plans
	October 30, 2015		October 31, 2014		October 30, 2015		October 31, 2014		October 30, 2015		October 31, 2014
Discount rate	4.45	%	4.40	%	3.83	%	4.09	%	4.10	%	4.00	%
Rate of compensation increase	—		—		3.72	%	4.21	%	—		—

Change In Benefit Obligations Change In Plan Assets Funded Status Amounts Recognized In Consolidated Balance Sheet and Accumulated Benefit Obligation

Changes in the projected benefit obligations and pension plan assets relating to the Company’s defined benefit pension plans and other postretirement benefit plans, together with a summary of the amounts recognized in the Consolidated Balance Sheets, are set forth in the following tables:



	U.S. Pension Plans						Non -U.S. Pension Plans						Other Postretirement Benefit Plans
In thousands	October 30, 2015			October 31, 2014			October 30, 2015			October 31, 2014			October 30, 2015			October 31, 2014
Change in Benefit Obligations
Net benefit obligations at beginning of year	$	1,157,418		$	1,132,274		$	725,732		$	712,261		$	31,005		$	31,358
Service cost	2,379			2,891			1,531			3,314			817			952
Interest cost	49,446			52,756			26,087			30,420			1,162			1,279
Plan participants’ contributions	—			—			—			281			—			—
Plan amendments	—			6,256			—			1,733			—			—
Actuarial loss (gain)	20,085			55,793			5,297			32,087			1,088			100
Currency fluctuations	—			—			(33,492		)	(8,968		)	—			—
Acquisitions	—			—			4,772			—			—			—
Special termination benefits	2,627			—			—			—			—			—
Gross benefits paid	(66,169		)	(92,552		)	(76,520		)	(45,396		)	(2,700		)	(2,684		)
Net benefit obligations at end of year	$	1,165,786		$	1,157,418		$	653,407		$	725,732		$	31,372		$	31,005

Change in Plan Assets
Fair value of plan assets at beginning of year	$	1,073,023		$	1,052,654		$	662,141		$	638,590		$	9,293		$	8,401
Actual return on plan assets	24,791			109,680			44,789			72,807			34			624
Currency fluctuations	—			—			(30,800		)	(7,962		)	—			—
Employer contributions	2,898			3,241			10,236			3,821			3,128			2,952
Plan participants’ contributions	—			—			—			281			—			—
Acquisitions	—			—			1,010			—			—			—
Gross benefits paid	(66,169		)	(92,552		)	(76,520		)	(45,396		)	(2,700		)	(2,684		)
Fair value of plan assets at end of year	$	1,034,543		$	1,073,023		$	610,856		$	662,141		$	9,755		$	9,293

Funded Status
Net amount recognized at end of year	$	(131,243	)	$	(84,395	)	$	(42,551	)	$	(63,591	)	$	(21,617	)	$	(21,712	)

Amounts Recognized in the Consolidated Balance Sheets Consist of:
Non-current assets	—			—			5,554			—			—			—
Current liabilities	(2,991		)	(2,887		)	(658		)	(720		)	(2,078		)	(2,103		)
Non-current liabilities	(128,252		)	(81,508		)	(47,447		)	(62,871		)	(19,539		)	(19,609		)
Net amount recognized at end of year	$	(131,243	)	$	(84,395	)	$	(42,551	)	$	(63,591	)	$	(21,617	)	$	(21,712	)
Accumulated benefit obligation	$	1,165,786		$	1,157,418		$	644,486		$	702,845		$	—		$	—

Pension Plans With Accumulated Benefit Obligation In Excess of Plan Assets

The projected benefit obligations, accumulated benefit obligations and fair value of assets for pension plans with an accumulated benefit obligation in excess of plan assets are as follows:



	U.S. Pension Plans				Non U.S. Pension Plans
In thousands	October 30, 2015		October 31, 2014		October 30, 2015		October 31, 2014
Projected benefit obligation	$	1,165,786	$	1,157,418	$	595,337	$	660,144
Accumulated benefit obligation	1,165,786		1,157,418		588,460		641,400
Fair value of plan assets	1,034,543		1,073,023		548,478		595,170

Amounts Recognized in Other Comprehensive Income (Loss)

Amounts recognized in accumulated other comprehensive (loss) income as of October 30, 2015 consist of:



	Pension Plans					Other Postretirement Benefit Plans
In thousands	U.S.		Non U.S.			Other Postretirement Benefit Plans
Prior service cost	—		(1,239		)	(471		)
Deferred tax	—		248			180
Total accumulated other comprehensive (loss) income	$	—	$	(991	)	$	(291	)

Estimated Amounts That Will Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost

The estimated amounts that will be amortized from accumulated other comprehensive (loss) income into net periodic benefit cost during fiscal 2016 are as follows:



	Pension Plans			Other Postretirement Benefit Plans
In thousands	U.S.	Non U.S.		Other Postretirement Benefit Plans
Prior service cost	—	(67	)	(133	)

Target Allocation and Weighted Average Asset Allocation

The defined benefit plans have the following target and actual asset allocations in fiscal 2015:



	U.S. Pension Plan				Non-U.S. Pension Plans
Asset Category	Target Allocation		Actual Allocation		Target Allocation		Actual Allocation
Equity securities	25	%	21	%	30	%	30	%
Debt securities	75	%	75	%	70	%	70	%
Other	—		4	%	—		—	%
Total	100	%	100	%	100	%	100	%

Fair Value Pension Plan Assets By Category

The following tables summarize the fair value of our pension and other postretirement benefit plan assets by category as of October 30, 2015 and October 31, 2014:



In thousands	October 30, 2015
	Level 1			Level 2			Level 3		Total Assets at Fair Value
U.S. Pension Plans
Equity securities:
U.S. equities	$	—		$	107,733		$	—	$	107,733
Non-U.S. equities	—			110,155			—		110,155
Fixed income securities:
U.S. government bonds	—			324,909			—		324,909
Non-U.S. government bonds	—			12,653			—		12,653
U.S. corporate bonds	—			318,795			—		318,795
Non-U.S. corporate bonds	—			69,737			—		69,737
U.S. commercial mortgage backed securities	—			6,190			—		6,190
U.S. non-government backed collateralized mortgage obligations	—			19,460			887		20,347
U.S. asset backed securities	—			20,631			1,818		22,449
Other plan assets:
Cash and cash equivalents	52,333			—			—		52,333
Other investments	—			(11,086		)	328		(10,758		)
Total U.S. Pension Plans assets	$	52,333		$	979,177		$	3,033	$	1,034,543

Non-U.S. Pension Plans
Equity securities:
U.S. equities	$	46,414		$	2,306		$	—	$	48,720
Non-U.S. equities	114,568			19,350			33		133,951
Fixed income securities:
Non-U.S. government bonds	—			145,871			—		145,871
U.S. corporate bonds	—			24,293			—		24,293
Non-U.S. corporate bonds	—			181,377			—		181,377
Non-U.S. asset backed securities	—			495			—		495
Non-U.S. annuity insurance products	—			76,480			—		76,480
Other plan assets:
Cash and cash equivalents	(6,095		)	—			—		(6,095		)
Other investments	—			5,763			1		5,764
Total Non-U.S. Pension Plans assets	$	154,887		$	455,935		$	34	$	610,856

Other Postretirement Benefits Plans
Equity securities:
U.S. equities	$	4,772		$	—		$	—	$	4,772
Non-U.S. equities	1,621			—			—		1,621
Fixed income securities:
U.S. corporate bonds	—			3,284			—		3,284
Other plan assets:
Cash and cash equivalents	78			—			—		78
Total Other Postretirement Benefit Plans	$	6,471		$	3,284		$	—	$	9,755



In thousands	October 31, 2014
	Level 1		Level 2			Level 3		Total Assets at Fair Value
U.S. Pension Plans
Equity securities:
U.S. equities	$	—	$	136,830		$	—	$	136,830
Non-U.S. equities	—		131,601			—		131,601
Fixed income securities:
U.S. government bonds	—		318,475			—		318,475
Non-U.S. government bonds	—		17,565			—		17,565
U.S. corporate bonds	—		328,882			—		328,882
Non-U.S. corporate bonds	—		63,306			—		63,306
U.S. commercial mortgage backed securities	—		9,310			457		9,767
U.S. non-government backed collateralized mortgage obligations	—		15,519			1,934		17,453
U.S. asset backed securities	—		25,728			—		25,728
Other plan assets:
Cash and cash equivalents	25,213		—			—		25,213
Other investments	—		(1,797		)	—		(1,797		)
Total U.S. Pension Plans assets	$	25,213	$	1,045,419		$	2,391	$	1,073,023

Non-U.S. Pension Plans
Equity securities:
U.S. equities	$	47,505	$	2,644		$	31	$	50,180
Non-U.S. equities	119,062		9,084			84		128,230
Fixed income securities:
Non-U.S. government bonds	—		135,825			—		135,825
U.S. corporate bonds	—		26,131			—		26,131
Non-U.S. corporate bonds	—		218,052			—		218,052
Non-U.S. asset backed securities	—		1,130			—		1,130
Non-U.S. annuity insurance products	—		91,027			—		91,027
Other plan assets:
Cash and cash equivalents	1,260		—			—		1,260
Other investments	—		10,306			—		10,306
Total Non-U.S. Pension Plans assets	$	167,827	$	494,199		$	115	$	662,141

Other Postretirement Benefits Plans
Equity securities:
U.S. equities	$	4,568	$	—		$	—	$	4,568
Non-U.S. equities	1,351		—			—		1,351
Fixed income securities:
U.S. corporate bonds	—		3,161			—		3,161
Other plan assets:
Cash and cash equivalents	213		—			—		213
Total Other Postretirement Benefit Plans	$	6,132	$	3,161		$	—	$	9,293

Roll Forwards of Assets Measured At Fair Value Using Level 3 Inputs

Below are roll-forwards of assets measured at fair value using Level 3 inputs for the years ended October 30, 2015 and October 31, 2014:



In thousands
	Equities			Fixed Income			Other
U.S. Pension Plans
Balance as of October 25, 2013	$	—		$	—		$	—
Unrealized losses	—			(49		)	—
Sales and settlements	—			(108		)	—
Purchases	—			2,548			—
Balance as of October 31, 2014	$	—		$	2,391		$	—
Unrealized losses	—			57			—
Sales and settlements	—			(2,460		)	—
Purchases	—			2,741			329
Balance as of October 30, 2015	$	—		$	2,729		$	329

Non-U.S. Pension Plans
Balance as of October 25, 2013	$	258		$	—		$	—
Unrealized gains	69			—			—
Realized losses	(47		)	—			—
Sales and settlements	(274		)	—			—
Purchases	108			—			—
Balance as of October 31, 2014	$	114		$	—		$	—
Unrealized gains	(29		)	—			—
Realized losses	—			—			—
Sales and settlements	(110		)	—			—
Purchases	59			—			—
Balance as of October 30, 2015	$	34		$	—		$	—

Expected Pension and Other Postretirement Benefit Payments

The following pension and other postretirement benefit payments (which include expected future service) are expected to be paid in each of the following years:



	Pension Plan Payments				Other Postretirement Benefit Plan Payments
In thousands	U.S.		Non-U.S.		Prior to Medicare Part D		After Medicare Part D		Impact of Medicare Part D
2016	$	66,857	$	25,905	$	4,930	$	4,847	$	83
2017	69,633		26,245		4,666		4,589		77
2018	71,383		27,441		3,925		3,855		70
2019	73,232		28,146		2,966		2,902		64
2020	74,924		29,001		2,576		2,518		58
2021 - 2025	384,933		158,948		10,412		10,210		202