Valspar 10-Q 4 Jun 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Apr. 25, 2014	27-May-14
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	25-Apr-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Registrant Name	'VALSPAR CORP	'
Entity Central Index Key	'0000102741	'
Current Fiscal Year End Date	'--10-31	'
Entity Common Stock, Shares Outstanding	'	83,507,529

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Apr. 25, 2014	Oct. 25, 2013	Apr. 26, 2013
In Thousands, unless otherwise specified
Current Assets	'	'	'
Cash and cash equivalents	$116,503	$216,150	$228,309
Restricted cash	2,966	3,550	20,423
Accounts and notes receivable less allowance (4/25/14 - $14,694; 10/25/13 - $16,939; 4/26/13 - $10,609)	852,678	771,396	711,599
Inventories	497,579	438,982	432,837
Deferred income taxes	40,754	41,855	43,697
Prepaid expenses and other	112,018	108,357	94,810
Total Current Assets	1,622,498	1,580,290	1,531,675
Goodwill	1,144,042	1,144,670	1,070,557
Intangibles, net	603,978	608,990	549,576
Other Assets	76,527	48,810	37,469
Long-Term Deferred Income Taxes	7,021	9,274	5,092
Property, plant and equipment, gross	1,679,475	1,630,641	1,436,354
Less accumulated depreciation	-1,041,379	-997,166	-883,092
Property, Plant And Equipment, Net	638,096	633,475	553,262
Total Assets	4,092,162	4,025,509	3,747,631
Current Liabilities	'	'	'
Short-term debt	556,672	441,165	328,133
Current portion of long-term debt	0	0	31,615
Trade accounts payable	606,614	618,787	507,386
Income taxes	33,810	4,748	22,634
Other accrued liabilities	382,000	415,873	330,116
Total Current Liabilities	1,579,096	1,480,573	1,219,884
Long-Term Debt, Net Of Current Portion	1,092,419	1,037,392	1,012,550
Deferred Income Taxes	238,664	242,387	217,137
Other Long-Term Liabilities	134,117	142,607	155,791
Total Liabilities	3,044,296	2,902,959	2,605,362
Stockholders' Equity	'	'	'
Common stock (par value - $0.50; authorized - 250,000,000 shares; shares issued, including shares in treasury - 118,442,624)	59,220	59,220	59,220
Additional paid-in capital	442,087	444,609	421,965
Retained earnings	1,744,315	1,648,980	1,531,713
Accumulated other comprehensive income (loss)	49,687	53,419	47,219
Less cost of common stock in treasury (4/25/14 - 34,677,821 shares; 10/25/13 - 32,648,667 shares; 4/26/13 - 30,514,962 shares)	-1,247,443	-1,083,678	-917,848
Total Stockholders' Equity	1,047,866	1,122,550	1,142,269
Total Liabilities And Stockholders' Equity	$4,092,162	$4,025,509	$3,747,631

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Apr. 25, 2014	Oct. 25, 2013	Apr. 26, 2013
In Thousands, except Share data, unless otherwise specified
Condensed Consolidated Balance Sheets [Abstract]	'	'	'
Accounts and notes receivable, allowance	$14,694	$16,939	$10,609
Common stock, par value	$0.50	$0.50	$0.50
Common stock, shares authorized	250,000,000	250,000,000	250,000,000
Common stock, shares issued, including shares in treasury	118,442,624	118,442,624	118,442,624
Treasury stock, shares	34,677,821	32,648,667	30,514,962

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Condensed Consolidated Statements Of Operations [Abstract]	'	'	'	'
Net Sales	$1,130,178	$1,031,219	$2,086,297	$1,906,461
Cost of sales	741,151	685,997	1,372,111	1,266,888
Restructuring charges - cost of sales	8,269	6,669	14,375	6,669
Gross profit	380,758	338,553	699,811	632,904
Research and development	35,585	34,161	66,143	66,435
Selling, general and administrative	201,512	171,221	388,747	339,767
Restructuring charges	587	2,651	6,287	2,651
Operating expenses	237,684	208,033	461,177	408,853
Income (loss) from operations	143,074	130,520	238,634	224,051
Interest expense	15,756	15,988	31,688	31,861
Other (income)/expense - net	318	27	689	977
Income (loss) before income taxes	127,000	114,505	206,257	191,213
Income taxes	41,041	37,597	66,745	59,276
Net income (loss)	$85,959	$76,908	$139,512	$131,937
Net income (loss) per common share - basic	$1.02	$0.87	$1.65	$1.48
Net income (loss) per common share - diluted	$0.99	$0.84	$1.60	$1.44
Average number of common shares outstanding	'	'	'	'
- basic	84,161,922	88,416,020	84,654,825	88,946,806
- diluted	86,523,938	91,165,745	87,081,533	91,781,907
Dividends paid per common share	$0.26	$0.23	$0.52	$0.46

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Condensed Consolidated Statements Of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	$85,959	$76,908	$139,512	$131,937
Other comprehensive income (loss)	-4,672	-8,094	-3,732	-3,053
Comprehensive income (loss)	$81,287	$68,814	$135,780	$128,884

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013
Operating Activities:	'	'
Net income (loss)	$139,512	$131,937
Adjustments to reconcile net income (loss) to net cash (used in)/provided by operating activities:	'	'
Depreciation	48,522	38,907
Amortization	4,112	3,270
Stock-based compensation	9,677	9,173
(Gain)/loss on asset divestitures	-3,020	-1,602
Changes in certain assets and liabilities, net of effects of acquired businesses:	'	'
(Increase)/decrease in accounts and notes receivable	-84,361	-31,227
(Increase)/decrease in inventories and other assets	-89,808	-86,744
Increase/(decrease) in trade accounts payable and other accrued liabilities	-52,701	-56,189
Increase/(decrease) in income taxes payable	20,890	8,277
Increase/(decrease) in other deferred liabilities	-952	7,051
Other	-2,598	-3,175
Net Cash (Used In)/Provided By Operating Activities	-10,727	19,678
Investing Activities:	'	'
Purchases of property, plant and equipment	-50,621	-30,105
Acquisition of businesses, net of cash acquired	0	-34,811
Divestiture of businesses	4,716	0
Cash proceeds on disposal of assets	1,525	6,211
(Increase)/decrease in restricted cash	585	-516
Net Cash (Used In)/Provided By Investing Activities	-43,795	-59,221
Financing Activities:	'	'
Net change in other borrowings	62,252	-5,752
Net proceeds (repayments) of commercial paper	103,422	226,948
Proceeds from sale of treasury stock	7,532	15,008
Treasury stock purchases	-177,103	-190,215
Excess tax benefit from stock-based compensation	8,835	11,703
Dividends paid	-44,180	-41,120
Net Cash (Used In)/Provided By Financing Activities	-39,242	16,572
Increase/(Decrease) in Cash and Cash Equivalents	-93,764	-22,971
Effect of exchange rate changes on Cash and Cash Equivalents	-5,883	-2,047
Cash and Cash Equivalents at Beginning of Period	216,150	253,327
Cash and Cash Equivalents at End of Period	$116,503	$228,309

Basis_Of_Presentation

Basis Of Presentation	6 Months Ended
	Apr. 25, 2014
Basis Of Presentation [Abstract]	'
Basis Of Presentation	'
	NOTE 1 – BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements of The Valspar Corporation have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles (GAAP) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the quarter ended April 25, 2014 are not necessarily indicative of the results that may be expected for the year ending October 31, 2014.
	Certain amounts in the 2013 financial statements have been reclassified to conform to the 2014 presentation. Such reclassifications had no effect on net income (loss), cash flows or stockholders' equity as previously reported.
	The Condensed Consolidated Balance Sheet at October 25, 2013 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.
	For further information, refer to the consolidated financial statements and footnotes thereto included in our annual report on Form 10-K for the year ended October 25, 2013.

Acquisitions

Acquisitions	6 Months Ended
	Apr. 25, 2014
Acquisitions [Abstract]	'
Acquisitions	'
	NOTE 2 – ACQUISITIONS
	On August 1, 2013, we purchased all the outstanding shares of Inver Holding S.r.l. (Inver Group) for total consideration of approximately $210,000, including the assumption of Inver Group's existing debt. Inver Group is an Italian-based industrial coatings company serving customers in Italy, France, the UK, Germany and other countries. The acquisition strengthens our presence in the large European industrial coatings market and broadens our range of technologies for the general industrial product line. Inver Group had net sales of approximately $200,000 in 2012. The acquisition was recorded in our Coatings segment in the fourth quarter of fiscal year 2013 at fair value and an allocation of the purchase price has been completed, with the exception of certain tax items. The assets, liabilities and operating results have been included in our financial statements from the date of acquisition.
	On December 28, 2012, we purchased Ace Hardware Corporation's paint manufacturing business (Ace Paints), including two manufacturing facilities near Chicago, IL for approximately $35,000. We manufacture and supply paint to Ace Hardware Corporation for sale at Ace retail locations. The acquisition was recorded in our Paints segment at fair value and an allocation of the purchase price has been completed. The assets, liabilities and operating results have been included in our financial statements from the date of acquisition.
	Pro forma results of operations for the acquisitions noted above are not presented, as they were immaterial to the reported results.

Inventories

Inventories	6 Months Ended
	Apr. 25, 2014
Inventories [Abstract]	'
Inventories	'
	NOTE 3 – INVENTORIES
	Our major classes of inventories consist of the following:
			April 25,		October 25,		April 26,
			2014		2013		2013
	Manufactured products	$	316,652	$	267,680	$	267,673
	Raw materials, supplies and work-in-progress		180,927		171,302		165,164
	Total Inventories	$	497,579	$	438,982	$	432,837

Goodwill_And_Other_Intangible_

Goodwill And Other Intangible Assets	6 Months Ended
	Apr. 25, 2014
Goodwill And Other Intangible Assets [Abstract]	'
Goodwill And Other Intangible Assets	'
	NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS
	The carrying amount of goodwill as of April 25, 2014 is $1,144,042, a decrease of $628 from the end of fiscal year 2013. The decrease was primarily due to foreign currency translation.
	Total intangible asset amortization expense for the six months ended April 25, 2014 was $4,112, compared to $3,270 for the same period last year. Estimated annual amortization expense for each of the five succeeding fiscal years based on the intangible assets as of April 25, 2014 is expected to be approximately $9,000.

Guarantees_And_Contractual_Obl

Guarantees And Contractual Obligations	6 Months Ended
	Apr. 25, 2014
Guarantees And Contractual Obligations [Abstract]	'
Guarantees And Contractual Obligations	'
	NOTE 5 – GUARANTEES AND CONTRACTUAL OBLIGATIONS
	Furniture Protection Plans and Warranties: We sell extended furniture protection plans and offer warranties for certain products. In the U.S., revenue related to furniture protection plans is deferred and recognized over the contract life. Historical claims data is used to forecast claims payments over the contract period and revenue is recognized based on the forecasted claims payments. Actual claims costs are reflected in earnings in the period incurred. Anticipated losses are charged to earnings when identified. For product warranties, we estimate the costs that may be incurred under these warranties based on historical claims data and record a liability in the amount of such costs at the time revenue is recognized. Anticipated losses are charged to earnings when identified.
	We periodically assess the adequacy of these recorded amounts and adjust as necessary. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses can be estimated. The extended furniture protection plans that we enter into have fixed prices. To the extent the actual costs to complete contracts differ from the amounts estimated as of the date of the financial statements, gross margin would be affected in future periods when we revise our estimates.
	Changes in the recorded amounts included in other accrued liabilities and other long-term liabilities during the period are as follows:
			Six Months Ended
			April 25,			April 26,
			2014			2013
	Beginning balance, October	$	78,818		$	80,272
	Additional net deferred revenue/accrual made during the period		7,355			7,139
	Payments made during the period		(2,677	)		(3,980	)
	Ending Balance	$	83,496		$	83,431
	Contractual Purchase Commitments: We are obligated to make payments under contractual purchase commitments, including unconditional purchase obligations. The majority of our unconditional purchase obligations relate to the supply of raw materials and have a five-year term. The contracts require the purchase of minimum quantities of raw materials at current market prices. We have estimated our payment obligations under existing contracts using current market prices. Payments for contracts with remaining terms in excess of one year are summarized below:
			25-Apr-14
	Remainder of 2014	$	—
	2015		48,247
	2016		75,007
	2017		—
	2018		—
	Thereafter		—
	Total	$	123,254
	Total payments relating to unconditional purchase obligations were approximately $17,645 and $32,659 in the three- and six-month periods ended April 25, 2014, respectively, compared to $8,752 and $21,089 in the three- and six-month periods ended April 26, 2013, respectively.

Fair_Value_Measurement

Fair Value Measurement	6 Months Ended
	Apr. 25, 2014
Fair Value Measurement [Abstract]	'
Fair Value Measurement	'
	NOTE 6 – FAIR VALUE MEASUREMENT
	We measure certain assets and liabilities at fair value and disclose the fair value of certain assets and liabilities recorded at cost in the Condensed Consolidated Financial Statements on both a recurring and non-recurring basis. Fair value is defined as an exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value accounting rules establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs. Observable inputs must be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability based on market data obtained from independent sources. Unobservable inputs are inputs that reflect our assumptions about the factors market participants would use in valuing the asset or liability based upon the best information available. Assets and liabilities measured at fair value are to be categorized into one of the three hierarchy levels based on the inputs used in the valuation. We classify assets and liabilities in their entirety based on the lowest level of input significant to the fair value measurement. Transfers of instruments between levels are recorded based on end of period values. There were no transfers between levels for all periods presented. The three levels are defined as follows:
	Level 1: Observable inputs based on quoted prices (unadjusted) in active markets for identical assets or liabilities.
	Level 2: Observable inputs based on quoted prices for similar assets and liabilities in active markets, or quoted prices for identical assets and liabilities in inactive markets.
	Level 3: Unobservable inputs that reflect an entity's own assumptions about what inputs a market participant would use in pricing the asset or liability based on the best information available in the circumstances.
	Recurring Fair Value Measurements
	The following tables provide information by level for assets and liabilities that are recorded at fair value on a recurring basis:
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Apr-14		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	2,334	$	2,334	$	—	$	—
	Restricted cash 1		2,966		2,966		—		—
	Total Assets	$	5,300	$	5,300	$	—	$	—
	Liabilities
	Foreign currency contracts 2	$	492	$	—	$	492	$	—
	Total Liabilities	$	492	$	—	$	492	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Oct-13		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	69,671	$	69,671	$	—	$	—
	Restricted cash 1		3,550		3,550		—		—
	Total Assets	$	73,221	$	73,221	$	—	$	—
	Liabilities
	Foreign currency contracts 2	$	145	$	—	$	145	$	—
	Total Liabilities	$	145	$	—	$	145	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			26-Apr-13		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	65,886	$	65,886	$	—	$	—
	Restricted cash 1		20,423		20,423		—		—
	Foreign currency contracts2		56		—		56		—
	Total Assets	$	86,365	$	86,309	$	56	$	—
	1 Restricted cash represents cash that is restricted from withdrawal for contractual or legal reasons.
	2 In the Condensed Consolidated Balance Sheets, foreign currency contracts are included in prepaid expenses and other when in an asset position and other accrued liabilities when in a liability position. The fair market value was estimated using observable market data for similar financial instruments. See Note 7 for additional information on derivative financial instruments.
	The following tables provide information regarding the estimated fair value of our outstanding debt, which is recorded at carrying value in the Condensed Consolidated Balance Sheets:
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Apr-14		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,095,964	$	1,095,964	$	—	$	—
	Non-publicly traded debt		648,787		—		648,787		—
	Total Debt	$	1,744,751	$	1,095,964	$	648,787	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Oct-13		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,097,309	$	1,097,309	$	—	$	—
	Non-publicly traded debt		478,557		—		478,557		—
	Total Debt	$	1,575,866	$	1,097,309	$	478,557	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			26-Apr-13		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,156,643	$	1,156,643	$	—	$	—
	Non-publicly traded debt		371,876		—		371,876		—
	Total Debt	$	1,528,519	$	1,156,643	$	371,876	$	—
	3 Debt is recorded at carrying value of $1,649,091, $1,478,557 and $1,372,298 on the Condensed Consolidated Balance Sheet as of April 25, 2014, October 25, 2013 and April 26, 2013, respectively. The fair value of our publicly traded debt is based on quoted prices (unadjusted) in active markets. The fair value of our non-publicly traded debt was estimated using a discounted cash flow analysis based on our current borrowing costs for debt with similar maturities. In addition, the carrying values of our commercial paper included in non-publicly traded debt approximate the financial instrument's fair value as the maturities are less than three months. See Note 9 for additional information on debt.
	Nonrecurring Fair Value Measurements
	We measure certain assets at fair value on a nonrecurring basis. These assets primarily include assets acquired and liabilities assumed as part of an acquisition, as well as property, plant and equipment when the planned use of the asset changes. See Note 2 for additional information on our acquisitions and Note 15 for additional information on restructuring.

Derivative_Financial_Instrumen

Derivative Financial Instruments	6 Months Ended
	Apr. 25, 2014
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
	NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS
	We use derivative financial instruments to manage interest rate and foreign currency exchange risks. We enter into derivative financial instruments with high-credit quality counterparties and diversify our positions among such counterparties to reduce our exposure to credit losses. We do not have any credit-risk-related contingent features in our derivative contracts as of April 25, 2014.
	At April 25, 2014, we had $16,289 notional amount of foreign currency contracts that mature during fiscal year 2014. These foreign currency contracts have been designated as cash flow hedges with unrealized gains or losses recorded in accumulated other comprehensive income (loss). Gains and losses are reclassified from accumulated other comprehensive income (loss) to other expense (income) in the Statement of Operations when the underlying hedged item is realized. At April 26, 2013, we had $5,864 and $2,572 notional amount of foreign currency contracts maturing in fiscal year 2013 and 2014, respectively. There was no material ineffectiveness related to these hedges during the quarter or year-to-date periods ended April 25, 2014 or April 26, 2013.
	At April 25, 2014 and April 26, 2013, we had no treasury lock contracts in place. The accumulated other comprehensive loss amount in our Condensed Consolidated Balance Sheets as of April 25, 2014 and April 26, 2013 represents the unamortized gains and losses, net of tax, from treasury lock contracts settled in previous periods. Unamortized gains and loss are reclassified ratably to interest expense in our Condensed Consolidated Statements of Operations over the term of the related debt.
	Our derivative assets and liabilities subject to fair value measurement (see Note 6) include the following:
			Fair Value at		Fair Value at		Fair Value at
			25-Apr-14		25-Oct-13		26-Apr-13
	Assets
	Prepaid expenses and other
	Foreign currency contracts	$	—	$	—	$	56
	Total Assets	$	—	$	—	$	56
	Liabilities
	Accrued liabilities other
	Foreign currency contracts	$	492	$	145	$	—
	Total Liabilities	$	492	$	145	$	—
	Derivative gains (losses) recognized in AOCI1 and on the Condensed Consolidated Statements of Operations for the three and six months ended April 25, 2014 and April 26, 2013, respectively, are as follows:
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Three Months Ended April 25, 2014		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(94	)	Other income / (expense), net	$	(105	)
	Treasury lock contracts		319		Interest expense		(319	)
	Total derivatives designated as cash flow hedges	$	225		Total	$	(424	)
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Three Months Ended April 26, 2013		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	61		Other income / (expense), net	$	97
	Treasury lock contracts		319		Interest expense		(319	)
	Total derivatives designated as cash flow hedges	$	380		Total	$	(222	)
	1 Accumulated other comprehensive income (loss) (AOCI) is included in the Condensed Consolidated Balance Sheets in the Stockholders' Equity section and is reported net of tax. The amounts disclosed in the above table are reported pretax and represent the quarterly derivative activity.
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Six Months Ended April 25, 2014		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(347	)	Other income / (expense), net	$	(221	)
	Treasury lock contracts		639		Interest expense		(639	)
	Total derivatives designated as cash flow hedges	$	292		Total	$	(860	)
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Six Months Ended April 26, 2013		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	41		Other income / (expense), net	$	42
	Treasury lock contracts		638		Interest expense		(638	)
	Total derivatives designated as cash flow hedges	$	679		Total	$	(596	)
	1 Accumulated other comprehensive income (loss) (AOCI) is included in the Condensed Consolidated Balance Sheets in the Stockholders' Equity section and is reported net of tax. The amounts disclosed in the above table are reported pretax and represent the year-to-date derivative activity.

Debt

Debt	6 Months Ended
	Apr. 25, 2014
Debt [Abstract]	'
Debt	'
	NOTE 8 – DEBT
	Debt consists of the following:
			April 25,		October 25,		April 26,
			2014		2013		2013
	Short-term debt	$	556,672	$	441,165	$	328,133
	Current portion of long-term debt		—		—		31,615
	Long-term debt		1,092,419		1,037,392		1,012,550
	Total Debt	$	1,649,091	$	1,478,557	$	1,372,298
	The increase in total debt from October 25, 2013 was primarily due to commercial paper and revolving credit facility borrowings to fund share repurchases, capital expenditures, and seasonal cash flow requirements.
	Our credit facilities have covenants that require us to maintain certain financial ratios. We were in compliance with these covenants as of April 25, 2014. Our debt covenants do not limit, nor are they reasonably likely to limit, our ability to obtain additional debt or equity financing.
	We maintain an unsecured revolving credit facility with a syndicate of banks. On December 16, 2013, we entered into an amended and restated $750,000 credit facility with a syndicate of banks with a maturity date of December 14, 2018. This facility replaced the previous $550,000 credit facility that was scheduled to expire December 31, 2014.
	To ensure availability of funds, we maintain uncommitted bank lines of credit sufficient to cover outstanding short-term borrowings. These arrangements are reviewed periodically for renewal and modification.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Apr. 25, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	NOTE 9 – STOCK-BASED COMPENSATION
	Compensation expense associated with our stock-based compensation plans was $4,673 ($2,883 after tax) and $9,677 ($5,970 after tax) for the three and six months ended April 25, 2014, respectively, compared to $1,219 ($789 after tax) and $9,173 ($5,884 after tax) for the three and six months ended April 26, 2013, respectively.

Pensions_And_Other_Postretirem

Pensions And Other Postretirement Benefits	6 Months Ended
	Apr. 25, 2014
Pensions And Other Postretirement Benefits [Abstract]	'
Pensions And Other Postretirement Benefits	'
	NOTE 10 – PENSIONS AND OTHER POSTRETIREMENT BENEFITS
	We sponsor a number of defined benefit pension plans for certain hourly and salaried employees. The benefits for most of these plans are generally based on stated amounts for each year of service.
	The net periodic benefit cost of our pension benefits is as follows:
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Service cost	$	1,091		$	1,157		$	2,181		$	2,562
	Interest cost		3,711			3,300			7,411			6,645
	Expected return on plan assets		(4,972	)		(4,935	)		(9,931	)		(9,876	)
	Amortization of prior service cost		120			112			240			224
	Recognized actuarial (gain)/loss		1,548			2,375			3,091			4,832
	Net Periodic Benefit Cost	$	1,498		$	2,009		$	2,992		$	4,387
	The net periodic benefit cost of our post-retirement medical benefits is as follows:
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Service cost	$	38		$	60		$	76		$	120
	Interest cost		95			90			190			180
	Amortization of prior service cost		(32	)		(32	)		(64	)		(64	)
	Recognized actuarial (gain)/loss		92			117			184			234
	Net Periodic Benefit Cost	$	193		$	235		$	386		$	470

Income_Taxes

Income Taxes	6 Months Ended
	Apr. 25, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE 11 – INCOME TAXES
	At October 25, 2013, we had a $15,363 liability recorded for gross unrecognized tax benefits (excluding interest and penalties). Of this total, $14,485 represents the amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. During the first quarter of fiscal year 2014, we recorded a $1,200 income tax benefit related to a lapse in the statute of limitations for certain foreign unrecognized tax benefits. No adjustments to the unrecognized tax benefits were recorded during the second quarter of fiscal year 2014. There were no material adjustments to our recorded liability for unrecognized tax benefits during the first quarter and second quarter of fiscal year 2013. We recognize interest and penalties related to unrecognized tax benefits in income tax expense. As of October 25, 2013, we had accrued approximately $4,461 of interest and penalties relating to unrecognized tax benefits.
	The effective tax rate for the six months ended April 25, 2014 was approximately 32.4%, compared to 31.0% for the six months ended April 26, 2013. The increase was primarily due to changes in the discrete expenses and benefits recorded in each of those periods. During the first quarter of fiscal year 2014, we recorded tax expense of $300 relating to foreign tax law changes. During the first quarter of fiscal year 2013, we recorded a $1,750 income tax benefit related to the retroactive extension of the U.S. Research and Development Credit and a $1,260 benefit for changes in the prior-year tax accrual estimates. A $1,000 income tax benefit was recorded during the second quarter of fiscal year 2014 related to foreign tax incentives. We did not record any discrete tax items in the second quarter of fiscal year 2013.

Net_Income_Loss_Per_Common_Sha

Net Income (Loss) Per Common Share	6 Months Ended
	Apr. 25, 2014
Net Income (Loss) Per Common Share [Abstract]	'
Net Income (Loss) Per Common Share	'
	NOTE 12 – NET INCOME (LOSS) PER COMMON SHARE
	The following table presents the net income (loss) per common share calculations for the three and six months ended April 25, 2014 and April 26, 2013:
			Three Months Ended				Six Months Ended
			April 25,		April 26,		April 25,		April 26,
			2014		2013		2014		2013
	Basic
	Net income (loss)	$	85,959	$	76,908	$	139,512	$	131,937
	Weighted-average common shares outstanding – basic		84,161,922		88,416,020		84,654,825		88,946,806
	Net Income (Loss) per Common Share – Basic	$	1.02	$	0.87	$	1.65	$	1.48
	Diluted
	Net income (loss)	$	85,959	$	76,908	$	139,512	$	131,937
	Weighted-average common shares outstanding – basic		84,161,922		88,416,020		84,654,825		88,946,806
	Diluted effect of stock options and unvested restricted stock		2,362,016		2,749,725		2,426,708		2,835,101
	Equivalent average common shares outstanding – diluted		86,523,938		91,165,745		87,081,533		91,781,907
	Net Income (Loss) per Common Share – Diluted	$	0.99	$	0.84	$	1.6	$	1.44
	Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. In computing diluted earnings per share, the number of common shares outstanding is increased by common stock options with exercise prices lower than the average market prices of common shares during each period and reduced by the number of shares assumed to have been purchased with proceeds from the exercised options. If we are in a net loss position, these shares are excluded as they are antidilutive. Potential common shares of 264,238 and 283,504 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and six months ended April 25, 2014, respectively, as inclusion of these shares would have been antidilutive. Potential common shares of 256,251 and 227,728 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and six months ended April 26, 2013, respectively, as inclusion of these shares would have been antidilutive.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Apr. 25, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Accumulated other comprehensive income (loss), net of tax, consisted of the following for the three and six months ended April 25, 2014 and April 26, 2013:
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Three Months Ended April 25, 2014		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, January 24, 2014	$	132,876		$	(69,217	)	$	(9,300	)	$	54,359
	Other comprehensive income before reclassifications		(6,502	)		—			(199	)		(6,701	)
	Amounts reclassified from accumulated other
	comprehensive income	$	—		$	1,728		$	301		$	2,029
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Three Months Ended April 26, 2013		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, January 25, 2013	$	164,475		$	(99,407	)	$	(9,755	)	$	55,313
	Other comprehensive income (loss), net of tax		(8,351	)		—			257			(8,094	)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Six Months Ended April 25, 2014		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, October 25, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419
	Other comprehensive income before reclassifications		(7,229	)		—			(568	)		(7,797	)
	Amounts reclassified from accumulated other
	comprehensive income	$	—		$	3,451		$	614		$	4,065
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Six Months Ended April 26, 2013		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, October 26, 2012	$	159,610		$	(99,407	)	$	(9,931	)	$	50,272
	Other comprehensive income (loss), net of tax		(3,486	)		—			433			(3,053	)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
	1 We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.
	2 Taxes on benefit obligations are recorded in the fourth quarter of each fiscal year.
	3 Amounts reclassified from accumulated other comprehensive income for financial instruments were net of taxes of $123 and $246 for the three- and six-months ended April 25, 2014.
	Amounts related to financial instruments are reclassified to net income based on the nature of the adjustment. See Note 7 for further information on financial instrument reclassifications.
	Amounts related to pension and post-retirement medical adjustments are reclassified to pension cost, which is allocated to cost of sales and operating expenses based on salaries and wages, approximately as follows (in thousands):
			Three Months Ended
			April 25, 2014
	Cost of sales	$	668
	Research and Development		220
	Selling, General and Administrative		840
	Total Before Income Taxes	$	1,728
			Six Months Ended
			April 25, 2014
	Cost of sales	$	1,341
	Research and Development		442
	Selling, General and Administrative		1,668
	Total Before Income Taxes	$	3,451

Segment_Information

Segment Information	6 Months Ended
	Apr. 25, 2014
Segment Information [Abstract]	'
Segment Information	'
	NOTE 14 – SEGMENT INFORMATION
	Based on the nature of our products, technology, manufacturing processes, customers and regulatory environment, we aggregate our operating segments into two reportable segments: Coatings and Paints. We are required to report segment information in the same way that management internally organizes its business for assessing performance and making decisions regarding allocation of resources. We evaluate the performance of operating segments and allocate resources based on profit or loss from operations before interest expense and taxes (EBIT).
	The Coatings segment aggregates our industrial product lines and our packaging product line. Industrial products include a broad range of decorative and protective coatings for metal, wood and plastic. Packaging products include both interior and exterior coatings used in metal packaging containers, principally food containers and beverage cans. The products of this segment are sold throughout the world.
	The Paints segment aggregates our consumer paints and automotive refinish product lines. Consumer paint products include interior and exterior decorative paints, stains, primers, varnishes, high performance floor paints and specialty decorative products, such as enamels, aerosols and faux finishes primarily distributed for the do-it-yourself and professional markets in Australia, China and North America. Automotive paint products include refinish paints and aerosol spray paints sold through automotive refinish distributors, body shops and automotive supply distributors and retailers in many countries around the world.
	Our remaining activities are included in Other and Administrative (formerly All Other). These activities include specialty polymers and colorants that are used internally and sold to other coatings manufacturers, as well as related products and furniture protection plans. Also included within Other and Administrative are our corporate administrative expenses. The administrative expenses include expenses not directly allocated to any other reportable segment.
	In the following table, sales between segments are recorded at selling prices that are below market prices, generally intended to recover internal costs. Segment EBIT includes income realized on inter-segment sales. Comparative segment data for the three and six months ended April 25, 2014 and April 26, 2013 are as follows:
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Net Sales
	Coatings	$	602,599		$	536,699		$	1,151,184		$	1,034,315
	Paints		471,830			437,954			833,235			767,033
	Other and Administrative		98,872			98,159			188,587			179,776
	Less Intersegment Sales		(43,123	)		(41,593	)		(86,709	)		(74,663	)
	Total Net Sales	$	1,130,178		$	1,031,219		$	2,086,297		$	1,906,461
	EBIT
	Coatings	$	98,047		$	80,236		$	168,022		$	154,576
	Paints		50,423			52,902			81,420			75,445
	Other and Administrative		(5,714	)		(2,645	)		(11,497	)		(6,947	)
	Total EBIT		142,756			130,493			237,945			223,074
	Interest Expense		15,756			15,988			31,688			31,861
	Income Before Income Taxes	$	127,000		$	114,505		$	206,257		$	191,213
	It is not practicable to obtain the information needed to disclose revenues attributable to each of our identified product lines within our reportable segments. Certain insignificant products formerly classified in the Paints segment are now classified in the Coatings segment.

Restructuring

Restructuring	6 Months Ended
	Apr. 25, 2014
Restructuring [Abstract]	'
Restructuring	'
	NOTE 15 – RESTRUCTURING
	Restructuring charges in fiscal year 2014 related primarily to initiatives that began in fiscal year 2013, including the following: (i) actions in the Paints segment to consolidate manufacturing and distribution operations following the acquisition of Ace Hardware Corporation's paint manufacturing business, and ongoing profit improvement plans in Australia, (ii) actions in our Coatings segment to consolidate manufacturing operations in Europe following the acquisition of the Inver Group, and other actions to rationalize manufacturing operations and lower operating expenses, and (iii) overall initiatives to improve our global cost structure, including non-manufacturing headcount reductions. These restructuring activities resulted in pre-tax charges of $8,856 and $20,662 in the three and six months ended April 25, 2014, respectively, and $9,320 for the three and six months ended April 26, 2013. Restructuring activities resulted in pre-tax charges of $36,433 for the full fiscal year 2013. Included in restructuring charges are non-cash asset impairment charges of $2,579 and $7,844 for the three and six months ended April 25, 2014, respectively, and $442 for the three and six months ended April 26, 2013. See Note 2 in Notes to Condensed Consolidated Financial Statements for further information on our Inver Group acquisition.
	The expenses comprising the above restructuring initiatives included severance and employee benefits, asset impairments, professional services and site clean-up.
	The following restructuring charges by segment were recorded in the 2014 and 2013 periods:
			Liability							Liability
			Beginning							Ending
			Balance				Payments and			Balance
	Six Months Ended April 25, 2014		10/25/13		Expense		Other Activity			4/25/14
	Coatings
	Severance and employee benefits	$	18,899	$	3,968	$	(7,756	)	$	15,111
	Asset impairments		—		6,373		(6,373	)		—
	Exit costs (consulting/site clean-up)		119		918		(920	)		117
	Total Coatings		19,018		11,259		(15,049	)		15,228
	Paints
	Severance and employee benefits		6,118		6,316		(4,297	)		8,137
	Asset impairments		—		1,471		(1,471	)		—
	Exit costs (consulting/site clean-up)		2,196		1,368		(1,377	)		2,187
	Total Paints		8,314		9,155		(7,145	)		10,324
	Other and Administrative
	Severance and employee benefits		1,791		248		(1,512	)		527
	Total Other and Administrative		1,791		248		(1,512	)		527
	Total	$	29,123	$	20,662	$	(23,706	)	$	26,079
			Liability							Liability
			Beginning							Ending
			Balance				Payments and			Balance
	Six Months Ended April 26, 2013		10/26/12		Expense		Other Activity			4/26/13
	Coatings
	Severance and employee benefits	$	2,234	$	2,725	$	(169	)	$	4,790
	Exit costs (consulting/site clean-up)		390		—		(189	)		201
	Total Coatings		2,624		2,725		(358	)		4,991
	Paints
	Severance and employee benefits		2,104		5,806		(2,797	)		5,113
	Asset impairments		—		381		(381	)		—
	Exit costs (consulting/site clean-up)		3,984		—		(856	)		3,128
	Total Paints		6,088		6,187		(4,034	)		8,241
	Other and Administrative
	Severance and employee benefits		297		300		(144	)		453
	Asset impairments		—		61		(61	)		—
	Exit costs (consulting/site clean-up)		—		47		(47	)		—
	Total Other and Administrative		297		408		(252	)		453
	Total	$	9,009	$	9,320	$	(4,644	)	$	13,685
	The ending liability balance at April 25, 2014 and April 26, 2013 is included in other accrued liabilities on our Condensed Consolidated Balance Sheets. The restructuring reserve balances presented are considered adequate to cover committed restructuring actions. The restructuring expenses recorded are included in the Condensed Consolidated Statements of Operations. For the three months ended April 25, 2014, $8,269 was charged to cost of sales, $15 was recorded to research and development (R&D) expenses and $572 was charged to selling, general and administrative (SG&A) expenses. For the six months ended April 25, 2014, $14,375 was charged to cost of sales, $15 was recorded to research and development (R&D) expenses and $6,272 was charged to selling, general and administrative (SG&A) expenses. For the three and six months ended April 26, 2013, $6,669 was charged to cost of sales, $241 was recorded to research and development (R&D) expenses and $2,410 was charged to selling, general and administrative (SG&A) expenses.

Recently_Issued_Accounting_Sta

Recently Issued Accounting Standards	6 Months Ended
	Apr. 25, 2014
Recently Issued Accounting Standards [Abstract]	'
Recently Issued Accounting Standards	'
	NOTE 16 – RECENTLY ISSUED ACCOUNTING STANDARDS
	In May 2014, the Financial Accounting Standards Board ("FASB") issued revised guidance on revenue recognition. The standard provides a single revenue recognition model which is intended to improve comparability over a range of industries, companies and geographical boundaries and will also result in enhanced disclosures. The changes are effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, which means the first quarter of our fiscal year 2018. We are currently reviewing the revised guidance and assessing the potential impact on our consolidated financial statements.
	In April 2014, the FASB issued guidance that changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity's operations and financial results. The change is effective for fiscal years, and interim reporting periods within those years, beginning on or after December 15, 2014, which means the first quarter of our fiscal year 2016, with early adoption permitted. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. This new guidance will not affect our consolidated financial position, results of operations or cash flows.
	In July 2013, the FASB issued guidance on classification of an unrecognized tax benefit. An unrecognized tax benefit should be presented as a reduction of a deferred tax asset for a net operating loss carry-forward or other tax credit carry-forward when settlement in this manner is available under the tax law. The change is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, which means the first quarter of our fiscal year 2015, and is to be applied prospectively. We do not expect the adoption of this accounting guidance to have an effect on our consolidated financial statements.
	In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment (CTA) under certain circumstances. The new guidance requires a transfer from CTA into net income when a parent either sells a part or all of its investment in a foreign entity, or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business. This update aims to resolve diversity in practice in accounting for the CTA transfer into net income. The change is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013, which means the first quarter of our fiscal year 2015, and is to be applied prospectively. We do not expect the adoption of these updated disclosure requirements to have an effect on our consolidated results of operations, financial condition or liquidity.

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Apr. 25, 2014
Inventories [Abstract]	'
Schedule Of Inventories	'
			April 25,		October 25,		April 26,
			2014		2013		2013
	Manufactured products	$	316,652	$	267,680	$	267,673
	Raw materials, supplies and work-in-progress		180,927		171,302		165,164
	Total Inventories	$	497,579	$	438,982	$	432,837

Guarantees_And_Contractual_Obl1

Guarantees And Contractual Obligations (Tables)	6 Months Ended
	Apr. 25, 2014
Guarantees And Contractual Obligations [Abstract]	'
Deferred Revenue And Warranties For Certain Products Disclosure	'
			Six Months Ended
			April 25,			April 26,
			2014			2013
	Beginning balance, October	$	78,818		$	80,272
	Additional net deferred revenue/accrual made during the period		7,355			7,139
	Payments made during the period		(2,677	)		(3,980	)
	Ending Balance	$	83,496		$	83,431
Schedule Of Contractual Purchase Commitments	'
			25-Apr-14
	Remainder of 2014	$	—
	2015		48,247
	2016		75,007
	2017		—
	2018		—
	Thereafter		—
	Total	$	123,254

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	6 Months Ended
	Apr. 25, 2014
Fair Value Measurement [Abstract]	'
Schedule Of Fair Value Of Assets And Liabilities	'
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Apr-14		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	2,334	$	2,334	$	—	$	—
	Restricted cash 1		2,966		2,966		—		—
	Total Assets	$	5,300	$	5,300	$	—	$	—
	Liabilities
	Foreign currency contracts 2	$	492	$	—	$	492	$	—
	Total Liabilities	$	492	$	—	$	492	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Oct-13		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	69,671	$	69,671	$	—	$	—
	Restricted cash 1		3,550		3,550		—		—
	Total Assets	$	73,221	$	73,221	$	—	$	—
	Liabilities
	Foreign currency contracts 2	$	145	$	—	$	145	$	—
	Total Liabilities	$	145	$	—	$	145	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			26-Apr-13		Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	65,886	$	65,886	$	—	$	—
	Restricted cash 1		20,423		20,423		—		—
	Foreign currency contracts2		56		—		56		—
	Total Assets	$	86,365	$	86,309	$	56	$	—
	1 Restricted cash represents cash that is restricted from withdrawal for contractual or legal reasons.
	2 In the Condensed Consolidated Balance Sheets, foreign currency contracts are included in prepaid expenses and other when in an asset position and other accrued liabilities when in a liability position. The fair market value was estimated using observable market data for similar financial instruments. See Note 7 for additional information on derivative financial instruments.
Schedule Of Fair Value Of Debt	'
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Apr-14		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,095,964	$	1,095,964	$	—	$	—
	Non-publicly traded debt		648,787		—		648,787		—
	Total Debt	$	1,744,751	$	1,095,964	$	648,787	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			25-Oct-13		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,097,309	$	1,097,309	$	—	$	—
	Non-publicly traded debt		478,557		—		478,557		—
	Total Debt	$	1,575,866	$	1,097,309	$	478,557	$	—
			Fair Value at		Fair Value Measurements Using Inputs Considered as
			26-Apr-13		Level 1		Level 2		Level 3
	Debt 3
	Publicly traded debt	$	1,156,643	$	1,156,643	$	—	$	—
	Non-publicly traded debt		371,876		—		371,876		—
	Total Debt	$	1,528,519	$	1,156,643	$	371,876	$	—
	3 Debt is recorded at carrying value of $1,649,091, $1,478,557 and $1,372,298 on the Condensed Consolidated Balance Sheet as of April 25, 2014, October 25, 2013 and April 26, 2013, respectively. The fair value of our publicly traded debt is based on quoted prices (unadjusted) in active markets. The fair value of our non-publicly traded debt was estimated using a discounted cash flow analysis based on our current borrowing costs for debt with similar maturities. In addition, the carrying values of our commercial paper included in non-publicly traded debt approximate the financial instrument's fair value as the maturities are less than three months. See Note 9 for additional information on debt.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	6 Months Ended
	Apr. 25, 2014
Derivative Financial Instruments [Abstract]	'
Description Of Derivative Assets And Liabilities To Fair Value Measurement	'
			Fair Value at		Fair Value at		Fair Value at
			25-Apr-14		25-Oct-13		26-Apr-13
	Assets
	Prepaid expenses and other
	Foreign currency contracts	$	—	$	—	$	56
	Total Assets	$	—	$	—	$	56
	Liabilities
	Accrued liabilities other
	Foreign currency contracts	$	492	$	145	$	—
	Total Liabilities	$	492	$	145	$	—
Derivative Gains (Losses) Recognized In Accumulated Other Comprehensive Income And Statement Of Income Classification	'
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Three Months Ended April 25, 2014		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(94	)	Other income / (expense), net	$	(105	)
	Treasury lock contracts		319		Interest expense		(319	)
	Total derivatives designated as cash flow hedges	$	225		Total	$	(424	)
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Three Months Ended April 26, 2013		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	61		Other income / (expense), net	$	97
	Treasury lock contracts		319		Interest expense		(319	)
	Total derivatives designated as cash flow hedges	$	380		Total	$	(222	)
	1 Accumulated other comprehensive income (loss) (AOCI) is included in the Condensed Consolidated Balance Sheets in the Stockholders' Equity section and is reported net of tax. The amounts disclosed in the above table are reported pretax and represent the quarterly derivative activity.
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Six Months Ended April 25, 2014		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(347	)	Other income / (expense), net	$	(221	)
	Treasury lock contracts		639		Interest expense		(639	)
	Total derivatives designated as cash flow hedges	$	292		Total	$	(860	)
			Amount of Gain
			(Loss)
			recognized in		Statement of Operations		Gain (Loss) in
	Six Months Ended April 26, 2013		AOCI1		Classification		Income1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	41		Other income / (expense), net	$	42
	Treasury lock contracts		638		Interest expense		(638	)
	Total derivatives designated as cash flow hedges	$	679		Total	$	(596	)
	1 Accumulated other comprehensive income (loss) (AOCI) is included in the Condensed Consolidated Balance Sheets in the Stockholders' Equity section and is reported net of tax. The amounts disclosed in the above table are reported pretax and represent the year-to-date derivative activity.

Debt_Tables

Debt (Tables)	6 Months Ended
	Apr. 25, 2014
Debt [Abstract]	'
Schedule Of Debt Instruments	'
			April 25,		October 25,		April 26,
			2014		2013		2013
	Short-term debt	$	556,672	$	441,165	$	328,133
	Current portion of long-term debt		—		—		31,615
	Long-term debt		1,092,419		1,037,392		1,012,550
	Total Debt	$	1,649,091	$	1,478,557	$	1,372,298

Pensions_And_Other_Postretirem1

Pensions And Other Postretirement Benefits (Tables)	6 Months Ended
	Apr. 25, 2014
Pensions And Other Postretirement Benefits [Abstract]	'
Schedule Of Periodic Benefit Cost	'
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Service cost	$	1,091		$	1,157		$	2,181		$	2,562
	Interest cost		3,711			3,300			7,411			6,645
	Expected return on plan assets		(4,972	)		(4,935	)		(9,931	)		(9,876	)
	Amortization of prior service cost		120			112			240			224
	Recognized actuarial (gain)/loss		1,548			2,375			3,091			4,832
	Net Periodic Benefit Cost	$	1,498		$	2,009		$	2,992		$	4,387
	The net periodic benefit cost of our post-retirement medical benefits is as follows:
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Service cost	$	38		$	60		$	76		$	120
	Interest cost		95			90			190			180
	Amortization of prior service cost		(32	)		(32	)		(64	)		(64	)
	Recognized actuarial (gain)/loss		92			117			184			234
	Net Periodic Benefit Cost	$	193		$	235		$	386		$	470

Net_Income_Loss_Per_Common_Sha1

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Apr. 25, 2014
Net Income (Loss) Per Common Share [Abstract]	'
Schedule Of Calculations Of Net Income (Loss) Per Share	'
			Three Months Ended				Six Months Ended
			April 25,		April 26,		April 25,		April 26,
			2014		2013		2014		2013
	Basic
	Net income (loss)	$	85,959	$	76,908	$	139,512	$	131,937
	Weighted-average common shares outstanding – basic		84,161,922		88,416,020		84,654,825		88,946,806
	Net Income (Loss) per Common Share – Basic	$	1.02	$	0.87	$	1.65	$	1.48
	Diluted
	Net income (loss)	$	85,959	$	76,908	$	139,512	$	131,937
	Weighted-average common shares outstanding – basic		84,161,922		88,416,020		84,654,825		88,946,806
	Diluted effect of stock options and unvested restricted stock		2,362,016		2,749,725		2,426,708		2,835,101
	Equivalent average common shares outstanding – diluted		86,523,938		91,165,745		87,081,533		91,781,907
	Net Income (Loss) per Common Share – Diluted	$	0.99	$	0.84	$	1.6	$	1.44

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Apr. 25, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Schedule Of Accumulated Other Comprehensive Income (Loss)	'
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Three Months Ended April 25, 2014		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, January 24, 2014	$	132,876		$	(69,217	)	$	(9,300	)	$	54,359
	Other comprehensive income before reclassifications		(6,502	)		—			(199	)		(6,701	)
	Amounts reclassified from accumulated other
	comprehensive income	$	—		$	1,728		$	301		$	2,029
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Three Months Ended April 26, 2013		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, January 25, 2013	$	164,475		$	(99,407	)	$	(9,755	)	$	55,313
	Other comprehensive income (loss), net of tax		(8,351	)		—			257			(8,094	)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Six Months Ended April 25, 2014		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, October 25, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419
	Other comprehensive income before reclassifications		(7,229	)		—			(568	)		(7,797	)
	Amounts reclassified from accumulated other
	comprehensive income	$	—		$	3,451		$	614		$	4,065
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
												Accumulated
			Foreign									Other
			Currency			Benefit			Financial			Comprehensive
	Six Months Ended April 26, 2013		Translation1			Obligations2			Instruments3			Income (Loss)
	Balance, October 26, 2012	$	159,610		$	(99,407	)	$	(9,931	)	$	50,272
	Other comprehensive income (loss), net of tax		(3,486	)		—			433			(3,053	)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
	1 We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.
	2 Taxes on benefit obligations are recorded in the fourth quarter of each fiscal year.
	3 Amounts reclassified from accumulated other comprehensive income for financial instruments were net of taxes of $123 and $246 for the three- and six-months ended April 25, 2014.
Schedule Of Reclassification Out Of Pension And Postretirement Medical Adjustments	'
			Three Months Ended
			April 25, 2014
	Cost of sales	$	668
	Research and Development		220
	Selling, General and Administrative		840
	Total Before Income Taxes	$	1,728
			Six Months Ended
			April 25, 2014
	Cost of sales	$	1,341
	Research and Development		442
	Selling, General and Administrative		1,668
	Total Before Income Taxes	$	3,451

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Apr. 25, 2014
Segment Information [Abstract]	'
Summary Of Comparative Segment Reporting Information	'
			Three Months Ended						Six Months Ended
			April 25,			April 26,			April 25,			April 26,
			2014			2013			2014			2013
	Net Sales
	Coatings	$	602,599		$	536,699		$	1,151,184		$	1,034,315
	Paints		471,830			437,954			833,235			767,033
	Other and Administrative		98,872			98,159			188,587			179,776
	Less Intersegment Sales		(43,123	)		(41,593	)		(86,709	)		(74,663	)
	Total Net Sales	$	1,130,178		$	1,031,219		$	2,086,297		$	1,906,461
	EBIT
	Coatings	$	98,047		$	80,236		$	168,022		$	154,576
	Paints		50,423			52,902			81,420			75,445
	Other and Administrative		(5,714	)		(2,645	)		(11,497	)		(6,947	)
	Total EBIT		142,756			130,493			237,945			223,074
	Interest Expense		15,756			15,988			31,688			31,861
	Income Before Income Taxes	$	127,000		$	114,505		$	206,257		$	191,213

Restructuring_Tables

Restructuring (Tables)	6 Months Ended
	Apr. 25, 2014
Restructuring [Abstract]	'
Restructuring And Impairment Charges By Segment	'
			Liability							Liability
			Beginning							Ending
			Balance				Payments and			Balance
	Six Months Ended April 25, 2014		10/25/13		Expense		Other Activity			4/25/14
	Coatings
	Severance and employee benefits	$	18,899	$	3,968	$	(7,756	)	$	15,111
	Asset impairments		—		6,373		(6,373	)		—
	Exit costs (consulting/site clean-up)		119		918		(920	)		117
	Total Coatings		19,018		11,259		(15,049	)		15,228
	Paints
	Severance and employee benefits		6,118		6,316		(4,297	)		8,137
	Asset impairments		—		1,471		(1,471	)		—
	Exit costs (consulting/site clean-up)		2,196		1,368		(1,377	)		2,187
	Total Paints		8,314		9,155		(7,145	)		10,324
	Other and Administrative
	Severance and employee benefits		1,791		248		(1,512	)		527
	Total Other and Administrative		1,791		248		(1,512	)		527
	Total	$	29,123	$	20,662	$	(23,706	)	$	26,079
			Liability							Liability
			Beginning							Ending
			Balance				Payments and			Balance
	Six Months Ended April 26, 2013		10/26/12		Expense		Other Activity			4/26/13
	Coatings
	Severance and employee benefits	$	2,234	$	2,725	$	(169	)	$	4,790
	Exit costs (consulting/site clean-up)		390		—		(189	)		201
	Total Coatings		2,624		2,725		(358	)		4,991
	Paints
	Severance and employee benefits		2,104		5,806		(2,797	)		5,113
	Asset impairments		—		381		(381	)		—
	Exit costs (consulting/site clean-up)		3,984		—		(856	)		3,128
	Total Paints		6,088		6,187		(4,034	)		8,241
	Other and Administrative
	Severance and employee benefits		297		300		(144	)		453
	Asset impairments		—		61		(61	)		—
	Exit costs (consulting/site clean-up)		—		47		(47	)		—
	Total Other and Administrative		297		408		(252	)		453
	Total	$	9,009	$	9,320	$	(4,644	)	$	13,685

Acquisitions_Details

Acquisitions (Details) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Aug. 01, 2013	Dec. 31, 2012	Dec. 28, 2012
	Inver Holding S.r.l. [Member]	Inver Holding S.r.l. [Member]	Ace Hardware Corporation's Paint Manufacturing Business [Member]
			item
Business Acquisition [Line Items]	'	'	'
Manufacturing facilities acquired	'	'	2
Net sales before acquisition	'	$200,000	'
Consideration paid	210,000	'	'
Cash paid to acquire entity	'	'	$35,000

Inventories_Schedule_Of_Invent

Inventories (Schedule Of Inventories) (Details) (USD $)	Apr. 25, 2014	Oct. 25, 2013	Apr. 26, 2013
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'	'
Manufactured products	$316,652	$267,680	$267,673
Raw materials, supplies and work-in-progress	180,927	171,302	165,164
Total Inventories	$497,579	$438,982	$432,837

Goodwill_And_Other_Intangible_1

Goodwill And Other Intangible Assets (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Oct. 25, 2013
Goodwill And Other Intangible Assets [Abstract]	'	'	'
Goodwill	$1,144,042	$1,070,557	$1,144,670
Decrease in goodwill	-628	'	'
Intangible asset amortization expense	4,112	3,270	'
Future amortization expense, year one	9,000	'	'
Future amortization expense, year two	9,000	'	'
Future amortization expense, year three	9,000	'	'
Future amortization expense, year four	9,000	'	'
Future amortization expense, year five	$9,000	'	'

Guarantees_And_Contractual_Obl2

Guarantees And Contractual Obligations (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Guarantees And Contractual Obligations [Abstract]	'	'	'	'
Unconditional purchase obligation term	'	'	'5 years	'
Payments relating to unconditional purchase obligations	$17,645	$8,752	$32,659	$21,089

Guarantees_And_Contractual_Obl3

Guarantees And Contractual Obligations (Deferred Revenue And Warranties For Certain Products Disclosure) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013
Guarantees And Contractual Obligations [Abstract]	'	'
Beginning balance, October	$78,818	$80,272
Additional net deferred revenue/warranty accrual made during the period	7,355	7,139
Warranty payments made during the period	-2,677	-3,980
Ending Balance	$83,496	$83,431

Guarantees_And_Contractual_Obl4

Guarantees And Contractual Obligations (Schedule Of Contractual Purchase Commitments) (Details) (USD $)	Apr. 25, 2014
In Thousands, unless otherwise specified
Guarantees And Contractual Obligations [Abstract]	'
Remainder of 2014	$0
2015	48,247
2016	75,007
2017	0
2018	0
Thereafter	0
Total	$123,254

Fair_Value_Measurement_Narrati

Fair Value Measurement (Narrative) (Details) (USD $)	6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Oct. 25, 2013
Fair Value Measurement [Abstract]	'	'	'
Fair value hierarchy, transfers amount	$0	$0	$0

Fair_Value_Measurement_Schedul

Fair Value Measurement (Schedule Of Fair Value Of Assets And Liabilities) (Details) (USD $)	Apr. 25, 2014		Oct. 25, 2013		Apr. 26, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	$2,334		$69,671		$65,886
Restricted cash	2,966	[1]	3,550	[1]	20,423	[1]
Foreign currency contracts	'		'		56	[2]
Total assets	5,300		73,221		86,365
Foreign currency contracts	492	[2]	145	[2]	'
Total liabilities	492		145		'
Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	2,334		69,671		65,886
Restricted cash	2,966	[1]	3,550	[1]	20,423	[1]
Foreign currency contracts	'		'		0	[2]
Total assets	5,300		73,221		86,309
Foreign currency contracts	0	[2]	0	[2]	'
Total liabilities	0		0		'
Fair Value, Inputs, Level 2 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	0		0		0
Restricted cash	0	[1]	0	[1]	0	[1]
Foreign currency contracts	'		'		56	[2]
Total assets	0		0		56
Foreign currency contracts	492	[2]	145	[2]	'
Total liabilities	492		145		'
Fair Value, Inputs, Level 3 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	0		0		0
Restricted cash	0	[1]	0	[1]	0	[1]
Foreign currency contracts	'		'		0	[2]
Total assets	0		0		0
Foreign currency contracts	0	[2]	0	[2]	'
Total liabilities	$0		$0		'
[1]	Restricted cash represents cash that is restricted from withdrawal for contractual or legal reasons.
[2]	In the Condensed Consolidated Balance Sheets, foreign currency contracts are included in prepaid expenses and other when in an asset position and other accrued liabilities when in a liability position. The fair market value was estimated using observable market data for similar financial instruments. See Note 7 for additional information on derivative financial instruments.

Fair_Value_Measurement_Schedul1

Fair Value Measurement (Schedule Of Fair Value Of Debt) (Details) (USD $)	Apr. 25, 2014		Oct. 25, 2013		Apr. 26, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	$1,744,751	[1]	$1,575,866	[1]	$1,528,519	[1]
Carrying value of debt	1,649,091		1,478,557		1,372,298
Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	1,095,964	[1]	1,097,309	[1]	1,156,643	[1]
Fair Value, Inputs, Level 2 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	648,787	[1]	478,557	[1]	371,876	[1]
Fair Value, Inputs, Level 3 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	0	[1]	0	[1]	0	[1]
Publicly Traded Debt [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	1,095,964	[1]	1,097,309	[1]	1,156,643	[1]
Publicly Traded Debt [Member] | Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	1,095,964	[1]	1,097,309	[1]	1,156,643	[1]
Publicly Traded Debt [Member] | Fair Value, Inputs, Level 2 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	0	[1]	0	[1]	0	[1]
Publicly Traded Debt [Member] | Fair Value, Inputs, Level 3 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	0	[1]	0	[1]	0	[1]
Non-Publicly Traded Debt [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	648,787	[1]	478,557	[1]	371,876	[1]
Non-Publicly Traded Debt [Member] | Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	0	[1]	0	[1]	0	[1]
Non-Publicly Traded Debt [Member] | Fair Value, Inputs, Level 2 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	648,787	[1]	478,557	[1]	371,876	[1]
Non-Publicly Traded Debt [Member] | Fair Value, Inputs, Level 3 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	$0	[1]	$0	[1]	$0	[1]
[1]	Debt is recorded at carrying value of $1,649,091, $1,478,557 and $1,372,298 on the Condensed Consolidated Balance Sheet as of April 25, 2014, October 25, 2013 and April 26, 2013, respectively. The fair value of our publicly traded debt is based on quoted prices (unadjusted) in active markets. The fair value of our non-publicly traded debt was estimated using a discounted cash flow analysis based on our current borrowing costs for debt with similar maturities. In addition, the carrying values of our commercial paper included in non-publicly traded debt approximate the financial instrument's fair value as the maturities are less than three months. See Note 9 for additional information on debt.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Narrative) (Details) (USD $)	Apr. 25, 2014	Apr. 26, 2013
In Thousands, unless otherwise specified
Foreign Currency Contracts Maturing In 2013 [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	'	$5,864
Foreign Currency Contracts Maturing In 2014 [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	16,289	2,572
Treasury Lock Contracts [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	$0	$0

Derivative_Financial_Instrumen3

Derivative Financial Instruments (Description Of Derivative Assets And Liabilities To Fair Value Measurement) (Details) (USD $)	Apr. 25, 2014	Oct. 25, 2013	Apr. 26, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'	'
Total Assets	$0	$0	$56
Total Liabilities	492	145	0
Foreign Currency Contracts [Member]	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Total Assets	0	0	56
Total Liabilities	$492	$145	$0

Derivative_Financial_Instrumen4

Derivative Financial Instruments (Derivative Gains (Losses) Recognized In Accumulated Other Comprehensive Income And Statement Of Income Classification) (Details) (Cash Flow Hedging [Member], USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014		Apr. 26, 2013		Apr. 25, 2014		Apr. 26, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Amount of Gain (Loss) Recognized in AOCI	$225	[1]	$380	[1]	$292	[1]	$679	[1]
Gain (Loss) in Earnings	-424	[1]	-222	[1]	-860	[1]	-596	[1]
Foreign Currency Contracts [Member]	'		'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Amount of Gain (Loss) Recognized in AOCI	-94	[1]	61	[1]	-347	[1]	41	[1]
Foreign Currency Contracts [Member] | Other Income/(Expense), Net [Member]	'		'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Gain (Loss) in Earnings	-105	[1]	97	[1]	-221	[1]	42	[1]
Treasury Lock Contracts [Member]	'		'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Amount of Gain (Loss) Recognized in AOCI	319	[1]	319	[1]	639	[1]	638	[1]
Treasury Lock Contracts [Member] | Interest Expense [Member]	'		'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Gain (Loss) in Earnings	($319)	[1]	($319)	[1]	($639)	[1]	($638)	[1]
[1]	Accumulated other comprehensive income (loss) (AOCI) is included in the Condensed Consolidated Balance Sheets in the Stockholders' Equity section and is reported net of tax. The amounts disclosed in the above table are reported pretax and represent the quarterly derivative activity.

Debt_Narrative_Details

Debt (Narrative) (Details) (USD $)	Dec. 16, 2013
In Thousands, unless otherwise specified
Bank Syndicate Facility Due At December 2018 [Member]	'
Debt Instrument [Line Items]	'
Total facility size	$750,000
Bank Syndicate Facility Due At December 2014 [Member]	'
Debt Instrument [Line Items]	'
Total facility size	$550,000

Debt_Schedule_Of_Debt_Instrume

Debt (Schedule Of Debt Instruments) (Details) (USD $)	Apr. 25, 2014	Oct. 25, 2013	Apr. 26, 2013
In Thousands, unless otherwise specified
Debt [Abstract]	'	'	'
Short-term debt	$556,672	$441,165	$328,133
Current portion of long-term debt	0	0	31,615
Long-term Debt	1,092,419	1,037,392	1,012,550
Total Debt	$1,649,091	$1,478,557	$1,372,298

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Stock-Based Compensation [Abstract]	'	'	'	'
Share-based compensation expense before tax	$4,673	$1,219	$9,677	$9,173
Share-based compensation expense after tax	$2,883	$789	$5,970	$5,884

Pensions_And_Other_Postretirem2

Pensions And Other Postretirement Benefits (Schedule Of Periodic Benefit Cost) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Pension Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$1,091	$1,157	$2,181	$2,562
Interest cost	3,711	3,300	7,411	6,645
Expected return on plan assets	-4,972	-4,935	-9,931	-9,876
Amortization of prior service cost	120	112	240	224
Recognized actuarial (gain)/loss	1,548	2,375	3,091	4,832
Net periodic benefit cost	1,498	2,009	2,992	4,387
Post-Retirement Medical Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	38	60	76	120
Interest cost	95	90	190	180
Amortization of prior service cost	-32	-32	-64	-64
Recognized actuarial (gain)/loss	92	117	184	234
Net periodic benefit cost	$193	$235	$386	$470

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended			6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Jan. 24, 2014	Jan. 25, 2013	Apr. 25, 2014	Apr. 26, 2013	Oct. 25, 2013
Income Taxes [Abstract]	'	'	'	'	'	'
Liability recorded for gross unrecognized tax benefits	'	'	'	'	'	$15,363
Accrued interest and penalties	'	'	'	'	'	4,461
Effective tax rate	'	'	'	32.40%	31.00%	'
Lapse in the statute of limitations for certain foreign unrecognized tax benefits	'	1,200	'	'	'	'
Unrecognized tax benefits would affect the effective tax rate	'	'	'	'	'	14,485
Tax benefit related to foreign incentives	1,000	'	'	'	'	'
Tax expense related to foreign tax law changes	'	300	'	'	'	'
U.S. federal research and development tax credit	'	'	1,750	'	'	'
True-up of prior year tax accrual estimates	'	'	$1,260	'	'	'

Net_Income_Loss_Per_Common_Sha2

Net Income (Loss) Per Common Share (Narrative) (Details)	3 Months Ended		6 Months Ended
	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Net Income (Loss) Per Common Share [Abstract]	'	'	'	'
Antidilutive securities excluded from computation of EPS	264,238	256,251	283,504	227,728

Net_Income_Loss_Per_Common_Sha3

Net Income (Loss) Per Common Share (Schedule Of Calculations Of Net Income (Loss) Per Share) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Net Income (Loss) Per Common Share [Abstract]	'	'	'	'
Net income (loss)	$85,959	$76,908	$139,512	$131,937
Weighted-average common shares outstanding - basic	84,161,922	88,416,020	84,654,825	88,946,806
Net Income (Loss) per Common Share - Basic	$1.02	$0.87	$1.65	$1.48
Dilutive effect of stock options and unvested restricted stock	2,362,016	2,749,725	2,426,708	2,835,101
Equivalent average common shares outstanding - diluted	86,523,938	91,165,745	87,081,533	91,781,907
Net Income (Loss) per Common Share - Diluted	$0.99	$0.84	$1.60	$1.44

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014		Apr. 26, 2013		Apr. 25, 2014		Apr. 26, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	$54,359		$55,313		$53,419		$50,272
Other comprehensive income before reclassifications	-6,701		'		-7,797		'
Amounts reclassified from accumulated other comprehensive income	2,029		'		4,065		'
Other comprehensive income (loss), net of tax	-4,672		-8,094		-3,732		-3,053
Accumulated Other Comprehensive Income (Loss), Ending Balance	49,687		47,219		49,687		47,219
Amounts reclassified from accumulated other comprehensive income, tax	123		'		246		'
Foreign Currency Translation [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	132,876	[1]	164,475	[1]	133,603	[1]	159,610	[1]
Other comprehensive income before reclassifications	-6,502	[1]	'		-7,229	[1]	'
Amounts reclassified from accumulated other comprehensive income	0	[1]	'		0	[1]	'
Other comprehensive income (loss), net of tax	'		-8,351	[1]	'		-3,486	[1]
Accumulated Other Comprehensive Income (Loss), Ending Balance	126,374	[1]	156,124	[1]	126,374	[1]	156,124	[1]
Benefit Obligations [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	-69,217	[2]	-99,407	[2]	-70,940	[2]	-99,407	[2]
Other comprehensive income before reclassifications	0	[2]	'		0	[2]	'
Amounts reclassified from accumulated other comprehensive income	1,728	[2]	'		3,451	[2]	'
Other comprehensive income (loss), net of tax	'		0	[2]	'		0	[2]
Accumulated Other Comprehensive Income (Loss), Ending Balance	-67,489	[2]	-99,407	[2]	-67,489	[2]	-99,407	[2]
Financial Instruments [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	-9,300	[3]	-9,755	[3]	-9,244	[3]	-9,931	[3]
Other comprehensive income before reclassifications	-199	[3]	'		-568	[3]	'
Amounts reclassified from accumulated other comprehensive income	301	[3]	'		614	[3]	'
Other comprehensive income (loss), net of tax	'		257	[3]	'		433	[3]
Accumulated Other Comprehensive Income (Loss), Ending Balance	($9,198)	[3]	($9,498)	[3]	($9,198)	[3]	($9,498)	[3]
[1]	We deem our foreign investments to be permanent in nature and therefore do not provide for taxes on foreign currency translation adjustments.
[2]	Taxes on benefit obligations are recorded in the fourth quarter of each fiscal year.
[3]	Amounts reclassified from accumulated other comprehensive income for financial instruments were net of taxes of $123 and $246 for the three- and six-months ended April 25, 2014.

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income (Loss) (Schedule Of Reclassification Out Of Pension And Postretirement Medical Adjustments) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Cost of sales	$741,151	$685,997	$1,372,111	$1,266,888
Research and development	35,585	34,161	66,143	66,435
Selling, general and administrative	201,512	171,221	388,747	339,767
Total Before Income Taxes	-127,000	-114,505	-206,257	-191,213
Benefit Obligations [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Cost of sales	668	'	1,341	'
Research and development	220	'	442	'
Selling, general and administrative	840	'	1,668	'
Total Before Income Taxes	$1,728	'	$3,451	'

Segment_Information_Narrative_

Segment Information (Narrative) (Details)	6 Months Ended
	Apr. 25, 2014
	segment
Segment Information [Abstract]	'
Number of reportable segments	2

Segment_Information_Summary_Of

Segment Information (Summary Of Comparative Segment Reporting Information) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013	Apr. 25, 2014	Apr. 26, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	$1,130,178	$1,031,219	$2,086,297	$1,906,461
Total EBIT	142,756	130,493	237,945	223,074
Interest Expense	15,756	15,988	31,688	31,861
Income (Loss) before Income Taxes	127,000	114,505	206,257	191,213
Intersegment Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	-43,123	-41,593	-86,709	-74,663
Coatings [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	602,599	536,699	1,151,184	1,034,315
Total EBIT	98,047	80,236	168,022	154,576
Paints [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	471,830	437,954	833,235	767,033
Total EBIT	50,423	52,902	81,420	75,445
Other And Administrative [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	98,872	98,159	188,587	179,776
Total EBIT	($5,714)	($2,645)	($11,497)	($6,947)

Restructuring_Narrative_Detail

Restructuring (Narrative) (Details) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 25, 2014

Apr. 26, 2013

Apr. 26, 2013

Apr. 26, 2013

Oct. 25, 2013

Apr. 25, 2014

Apr. 25, 2014

Cost Of Sales [Member]

Cost Of Sales [Member]

Cost Of Sales [Member]

Cost Of Sales [Member]

Research And Development Expenses [Member]

Research And Development Expenses [Member]

Research And Development Expenses [Member]

Research And Development Expenses [Member]

Selling, General And Administrative Expenses [Member]

Selling, General And Administrative Expenses [Member]

Selling, General And Administrative Expenses [Member]

Selling, General And Administrative Expenses [Member]

2013 Restructuring Initiatives [Member]

2013 Restructuring Initiatives [Member]

2013 Restructuring Initiatives [Member]

2013 And 2014 Restructuring Initiatives [Member]

2013 And 2014 Restructuring Initiatives [Member]

Restructuring Cost and Reserve [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring charges

$20,662

$9,320

$8,269

$6,669

$14,375

$6,669

$15

$241

$15

$241

$572

$2,410

$6,272

$2,410

$9,320

$9,320

$36,433

$8,856

$20,662

Pre-tax asset impairment charges

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$442

$442

'

$2,579

$7,844

Restructuring_Restructuring_An

Restructuring (Restructuring And Impairment Charges By Segment) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 25, 2014	Apr. 26, 2013
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	$29,123	$9,009
Expense	20,662	9,320
Payments and Other Activity	-23,706	-4,644
Liability Ending Balance	26,079	13,685
Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	19,018	2,624
Expense	11,259	2,725
Payments and Other Activity	-15,049	-358
Liability Ending Balance	15,228	4,991
Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	8,314	6,088
Expense	9,155	6,187
Payments and Other Activity	-7,145	-4,034
Liability Ending Balance	10,324	8,241
Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	1,791	297
Expense	248	408
Payments and Other Activity	-1,512	-252
Liability Ending Balance	527	453
Severance And Employee Benefits [Member] | Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	18,899	2,234
Expense	3,968	2,725
Payments and Other Activity	-7,756	-169
Liability Ending Balance	15,111	4,790
Severance And Employee Benefits [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	6,118	2,104
Expense	6,316	5,806
Payments and Other Activity	-4,297	-2,797
Liability Ending Balance	8,137	5,113
Severance And Employee Benefits [Member] | Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	1,791	297
Expense	248	300
Payments and Other Activity	-1,512	-144
Liability Ending Balance	527	453
Asset Impairments [Member] | Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	0	'
Expense	6,373	'
Payments and Other Activity	-6,373	'
Liability Ending Balance	0	'
Asset Impairments [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	0	0
Expense	1,471	381
Payments and Other Activity	-1,471	-381
Liability Ending Balance	0	0
Asset Impairments [Member] | Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	'	0
Expense	'	61
Payments and Other Activity	'	-61
Liability Ending Balance	'	0
Exit Costs (Consulting/Site Clean-Up) [Member] | Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	119	390
Expense	918	0
Payments and Other Activity	-920	-189
Liability Ending Balance	117	201
Exit Costs (Consulting/Site Clean-Up) [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	2,196	3,984
Expense	1,368	0
Payments and Other Activity	-1,377	-856
Liability Ending Balance	2,187	3,128
Exit Costs (Consulting/Site Clean-Up) [Member] | Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	'	0
Expense	'	47
Payments and Other Activity	'	-47
Liability Ending Balance	'	$0