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Income Taxes (Tables) | 12 Months Ended
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Oct. 30, 2016
Income Taxes |
Schedule of components of provision for income taxes |
(in thousands) | 2016 | 2015 | 2014
Current: |  |  |
U.S. Federal | $ 341,799 | $ 299,557 | $ 264,533
State | 33,753 | 39,817 | 34,034
Foreign | 6,819 | 10,526 | 7,759
Total current | 382,371 | 349,900 | 306,326
Deferred: |  |  |
U.S. Federal | 40,456 | 18,451 | 8,756
State | 3,770 | 1,070 | 873
Foreign | 101 | 458 | 171
Total deferred | 44,327 | 19,979 | 9,800
Total provision for income taxes | $ 426,698 | $ 369,879 | $ 316,126
Schedule of significant components of the deferred income tax liabilities and assets |
| O ctober 30, | O ctober 25,
(in thousands) | 2016 | 2015
D eferred tax liabilities: |  |
G oodwill and intangible assets | $ (250,330) | $ (213,312)
Tax over book depreciation and basis differences | (98,628) | (94,496)
O ther, net | (18,295) | (18,788)
D eferred tax assets: |  |
P ension and post-retirement benefits | 182,444 | 154,306
Employee compensation related liabilities | 107,343 | 109,061
M arketing and promotional accruals | 36,844 | 37,603
O ther, net | 46,845 | 48,432
N et deferred tax assets | $ 6,223 | $ 22,806
Schedule of reconciliation of the statutory federal income tax rate to the effective tax rate |
| 2016 | 2015 | 2014
U.S. statutory rate | 35.0% | 35.0% | 35.0%
State taxes on income, net of federal tax benefit | 2.1 | 2.7 | 2.8
Domestic production activities deduction | (2.8) | (2.6) | (2.7)
Foreign tax credit | (0.9) | – | –
All other, net | (1.0) | (0.1) | (0.8)
Effective tax rate | 32.4% | 35.0% | 34.3%
Schedule of changes in the unrecognized tax benefits, excluding interest and penalties |
(in thousands) |
Balance as of October 26, 2014 | $ 22,608
Tax positions related to the current period: |
Increases | 2,920
Tax positions related to prior periods: |
Increases | 1,629
Decreases | (796)
Settlements | (2,839)
Decreases related to a lapse of applicable statute of limitations | (2,185)
Balance as of October 25, 2015 | $ 21,337
Tax positions related to the current period: |
Increases | 3,587
Tax positions related to prior periods: |
Increases | 9,723
Decreases | (3,913)
Settlements | (1,273)
Decreases related to a lapse of applicable statute of limitations | (2,072)
Balance as of October 30, 2016 | $ 27,389

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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