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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 28, 2018
Jan. 29, 2017
OPERATING ACTIVITIES    
Net earnings $ 303,211 $ 235,303
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 35,867 29,247
Amortization of intangibles 3,256 2,072
Equity in earnings of affiliates (23,531) (13,299)
Distribution from equity method investees 23 2,523
Provision for deferred income taxes (68,856) 11,215
Gain on property/equipment sales and plant facilities (1,131) (801)
Non-cash investment activities (10,880) (1,208)
Stock-based compensation expense 7,339 7,240
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 69,629 36,507
Increase in inventories (21,255) (17,513)
Decrease (increase) in prepaid expenses and other current assets 569 (19,425)
Increase in pension and post-retirement benefits 2,132 3,238
Decrease in accounts payable and accrued expenses (58,077) (178,157)
Increase in net income taxes payable 65,881 98,307
NET CASH PROVIDED BY OPERATING ACTIVITIES 304,177 195,249
INVESTING ACTIVITIES    
Proceeds from sale of business 0 135,944
Acquisitions of businesses/intangibles (858,102) 0
Purchases of property/equipment (53,694) (37,895)
Proceeds from sales of property/equipment 751 3,926
Decrease in investments, equity in affiliates, and other assets 2,718 3,596
Proceeds from company-owned life insurance 3,028 0
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (905,299) 105,571
FINANCING ACTIVITIES    
Proceeds from short-term debt 630,000 0
Principal payments on short-term debt (375,000) 0
Proceeds from long-term debt 375,000 0
Principal payments on long-term debt (274) 0
Dividends paid on common stock (89,814) (76,629)
Share repurchase (25,199) (30,588)
Proceeds from exercise of stock options 23,455 7,398
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 538,168 (99,819)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 4,607 (6,323)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (58,347) 194,678
Cash and cash equivalents at beginning of year 444,122 415,143
CASH AND CASH EQUIVALENTS AT END OF QUARTER $ 385,775 $ 609,821