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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 24, 2016
Apr. 26, 2015
OPERATING ACTIVITIES    
Net earnings $ 450,551 $ 352,865
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 59,863 61,760
Amortization of intangibles 4,045 3,967
Goodwill impairment charge 991  
Equity in earnings of affiliates, net of dividends (6,524) 487
Provision for deferred income taxes (2,397) 13,441
Loss (gain) on property/equipment sales and plant facilities 88 (5,129)
Non-cash investment activities (375) (2,256)
Stock-based compensation expense 14,178 12,549
Excess tax benefit from stock-based compensation (36,456) (10,760)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 57,191 27,316
(Increase) decrease in inventories (34,052) 90,131
Decrease in prepaid expenses and other current assets 8,913 17,714
Increase in pension and post-retirement benefits 2,346 1,191
Decrease in accounts payable and accrued expenses (109,227) (118,875)
Other   1,336
NET CASH PROVIDED BY OPERATING ACTIVITIES 409,135 445,737
INVESTING ACTIVITIES    
Purchases of property/equipment (99,852) (54,984)
Proceeds from sales of property/equipment 2,709 11,050
Decrease in investments, equity in affiliates, and other assets 12,178 5,379
NET CASH USED IN INVESTING ACTIVITIES (84,965) (38,555)
FINANCING ACTIVITIES    
Principal payments on short-term debt (185,000)  
Dividends paid on common stock (142,878) (118,715)
Share repurchase (6,358)  
Proceeds from exercise of stock options 8,370 5,999
Excess tax benefit from stock-based compensation 36,456 10,760
Payment to noncontrolling interest   (11,702)
Distribution to noncontrolling interest   (1,581)
NET CASH USED IN FINANCING ACTIVITIES (289,410) (115,239)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (2,118) (1,722)
INCREASE IN CASH AND CASH EQUIVALENTS 32,642 290,221
Cash and cash equivalents at beginning of year 347,239 334,174
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 379,881 $ 624,395