Valspar 10-Q 3 Sep 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Jul. 25, 2014	Aug. 26, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	25-Jul-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
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	'	82,860,012

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jul. 25, 2014	Oct. 25, 2013	Jul. 26, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'	'
Cash and cash equivalents	$146,505	$216,150	$349,142
Restricted cash	3,121	3,550	13,539
Accounts and notes receivable less allowance (7/25/14 – $13,221; 10/25/13 – $16,939; 7/26/13 – $9,176)	870,954	771,396	716,033
Inventories	526,438	438,982	416,749
Deferred income taxes	40,057	41,855	37,791
Prepaid expenses and other	101,275	108,357	102,656
TOTAL CURRENT ASSETS	1,688,350	1,580,290	1,635,910
GOODWILL	1,145,730	1,144,670	1,065,071
INTANGIBLES, NET	602,516	608,990	549,468
OTHER ASSETS	93,035	48,810	32,595
LONG-TERM DEFERRED INCOME TAXES	7,098	9,274	4,903
Property, plant and equipment, gross	1,695,943	1,630,641	1,423,795
Less accumulated depreciation	-1,052,874	-997,166	-868,227
PROPERTY, PLANT AND EQUIPMENT, NET	643,069	633,475	555,568
TOTAL ASSETS	4,179,798	4,025,509	3,843,515
CURRENT LIABILITIES:	'	'	'
Short-term debt	553,557	441,165	412,394
Current portion of long-term debt	4,500	0	3,661
Trade accounts payable	655,933	618,787	575,667
Income taxes	32,026	4,748	29,835
Other accrued liabilities	424,408	415,873	338,352
TOTAL CURRENT LIABILITIES	1,670,424	1,480,573	1,359,909
LONG-TERM DEBT, NET OF CURRENT PORTION	1,077,921	1,037,392	1,012,550
DEFERRED INCOME TAXES	241,037	242,387	208,928
OTHER LONG-TERM LIABILITIES	134,568	142,607	155,676
TOTAL LIABILITIES	3,123,950	2,902,959	2,737,063
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	438,135	444,609	420,823
Retained earnings	1,820,486	1,648,980	1,605,335
Accumulated other comprehensive income (loss)	53,968	53,419	14,310
Less cost of common stock in treasury (7/25/14 - 35,414,799 shares; 10/25/13 - 32,648,667 shares; 7/26/13 - 31,432,963 shares)	-1,315,961	-1,083,678	-993,236
TOTAL STOCKHOLDERS’ EQUITY	1,055,848	1,122,550	1,106,452
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$4,179,798	$4,025,509	$3,843,515

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jul. 25, 2014	Oct. 25, 2013	Jul. 26, 2013
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'	'
Accounts and notes receivable, allowance	$13,221	$16,939	$9,176
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	35,414,799	32,648,667	31,432,963

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$1,203,062	$1,089,013	$3,289,359	$2,995,474
Cost of sales	783,068	718,000	2,155,179	1,984,888
Restructuring charges - cost of sales	3,302	1,652	17,677	8,321
Gross profit	416,692	369,361	1,116,503	1,002,265
Research and development	34,285	31,849	100,428	98,284
Selling, general and administrative	219,527	180,342	608,274	520,109
Restructuring charges	4,351	838	10,638	3,489
Acquisition-related charges	0	758	0	758
Operating expenses	258,163	213,787	719,340	622,640
Income (loss) from operations	158,529	155,574	397,163	379,625
Interest expense	16,137	16,000	47,825	47,861
Other (income)/expense - net	1,812	1,065	2,501	2,042
Income (loss) before income taxes	140,580	138,509	346,837	329,722
Income taxes	42,747	44,701	109,492	103,977
Net income (loss)	$97,833	$93,808	$237,345	$225,745
Net income (loss) per common share - basic	$1.18	$1.08	$2.82	$2.55
Net income (loss) per common share - diluted	$1.14	$1.04	$2.74	$2.48
Average number of common shares outstanding	'	'	'	'
- basic	83,194,913	87,227,248	84,168,188	88,373,620
- diluted	85,477,072	89,910,681	86,547,612	91,163,437
Dividends paid per common share	$0.26	$0.23	$0.78	$0.69

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	$97,833	$93,808	$237,345	$225,745
Other comprehensive income (loss)	4,281	-32,909	549	-35,962
Comprehensive income (loss)	$102,114	$60,899	$237,894	$189,783

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013
OPERATING ACTIVITIES:	'	'
Net income (loss)	$237,345	$225,745
Adjustments to reconcile net income (loss) to net cash (used in)/provided by operating activities:	'	'
Depreciation	68,058	57,128
Amortization	6,194	4,900
Stock-based compensation	13,901	12,783
(Gain)/loss on asset divestitures	-2,719	-518
Changes in certain assets and liabilities, net of effects of acquired businesses:	'	'
(Increase)/decrease in accounts and notes receivable	-102,521	-44,460
(Increase)/decrease in inventories and other assets	-124,636	-85,822
Increase/(decrease) in trade accounts payable and other accrued liabilities	41,743	29,831
Increase/(decrease) in income taxes payable	18,804	5,706
Increase/(decrease) in other deferred liabilities	1,400	7,757
Other	-6,111	-3,447
Net Cash (Used In)/Provided By Operating Activities	151,458	209,603
INVESTING ACTIVITIES:	'	'
Purchases of property, plant and equipment	-75,880	-67,311
Acquisition of businesses, net of cash acquired	0	-34,811
Divestiture of businesses	4,716	0
Cash proceeds on disposal of assets	1,541	6,235
(Increase)/decrease in restricted cash	430	6,367
Net Cash (Used In)/Provided By Investing Activities	-69,193	-89,520
FINANCING ACTIVITIES:	'	'
Net change in borrowings	53,724	71,775
Net proceeds (repayments) of commercial paper	96,415	208,956
Proceeds from sale of treasury stock	15,606	23,253
Treasury stock purchases	-258,246	-276,003
Excess tax benefit from stock-based compensation	13,718	16,673
Dividends paid	-65,886	-61,306
Net Cash (Used In)/Provided By Financing Activities	-144,669	-16,652
Increase/(Decrease) in Cash and Cash Equivalents	-62,404	103,431
Effect of exchange rate changes on Cash and Cash Equivalents	-7,241	-7,616
Cash and Cash Equivalents at Beginning of Period	216,150	253,327
Cash and Cash Equivalents at End of Period	$146,505	$349,142

Basis_Of_Presentation

Basis Of Presentation	9 Months Ended
	Jul. 25, 2014
Organization, Consolidation and Presentation of Financial Statements [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 July 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	9 Months Ended
	Jul. 25, 2014
Business Combinations [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	9 Months Ended
	Jul. 25, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	NOTE 3 – INVENTORIES
	Our major classes of inventories consist of the following:
		July 25,		October 25,		July 26,
		2014		2013		2013
	Manufactured products	$	331,743	$	267,680	$	250,399
	Raw materials, supplies and work-in-progress	194,695		171,302		166,350
	Total Inventories	$	526,438	$	438,982	$	416,749

Goodwill_And_Other_Intangible_

Goodwill And Other Intangible Assets	9 Months Ended
	Jul. 25, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill And Other Intangible Assets	'
	NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS
	The carrying amount of goodwill as of July 25, 2014 is $1,145,730, an increase of $1,060 from the end of fiscal year 2013. The increase was primarily due to foreign currency translation.
	Total intangible asset amortization expense for the nine months ended July 25, 2014 was $6,194, compared to $4,900 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 July 25, 2014 is expected to be approximately $8,500.

Guarantees_And_Contractual_Obl

Guarantees And Contractual Obligations	9 Months Ended
	Jul. 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:
		Nine Months Ended
		July 25,			July 26,
		2014			2013
	Beginning balance, October	$	78,818		$	80,272
	Additional net deferred revenue/accrual made during the period	8,933			5,420
	Payments made during the period	(4,751		)	(5,981		)
	Ending Balance	$	83,000		$	79,711
	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:
		July 25, 2014
	Remainder of 2014	$	—
	2015	33,236
	2016	74,216
	2017	1,849
	2018	—
	Thereafter	—
	Total	$	109,301
	Total payments relating to unconditional purchase obligations were approximately $16,041 and $48,700 in the three- and nine-month periods ended July 25, 2014, respectively, compared to $13,114 and $34,203 in the three- and nine-month periods ended July 26, 2013, respectively.

Fair_Value_Measurement

Fair Value Measurement	9 Months Ended
	Jul. 25, 2014
Fair Value Disclosures [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 July 25, 2014		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	18,619	$	18,619	$	—	$	—
	Restricted cash1	3,121		3,121		—		—
	Total Assets	$	21,740	$	21,740	$	—	$	—
	Liabilities
	Foreign currency contracts2	$	338	$	—	$	338	$	—
	Total Liabilities	$	338	$	—	$	338	$	—
		Fair Value at October 25, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	69,671	$	69,671	$	—	$	—
	Restricted cash1	3,550		3,550		—		—
	Total Assets	$	73,221	$	73,221	$	—	$	—
	Liabilities
	Foreign currency contracts2	$	145	$	—	$	145	$	—
	Total Liabilities	$	145	$	—	$	145	$	—
	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 at July 26, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	90,023	$	90,023	$	—	$	—
	Restricted cash1	13,539		13,539		—		—
	Foreign currency contracts2	94		—		94		—
	Total Assets	$	103,656	$	103,562	$	94	$	—
	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 July 25, 2014		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	Publicly traded debt	$	1,101,814	$	1,101,814	$	—	$	—
	Non-publicly traded debt	635,604		—		635,604		—
	Total Debt	$	1,737,418	$	1,101,814	$	635,604	$	—
		Fair Value at October 25, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	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 July 26, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	Publicly traded debt	$	1,099,837	$	1,099,837	$	—	$	—
	Non-publicly traded debt	428,093		—		428,093		—
	Total Debt	$	1,527,930	$	1,099,837	$	428,093	$	—
	3 Debt is recorded at carrying value of $1,635,978, $1,478,557 and $1,428,605 on the Condensed Consolidated Balance Sheet as of July 25, 2014, October 25, 2013 and July 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 8 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	9 Months Ended
	Jul. 25, 2014
Derivative Instruments and Hedging Activities Disclosure [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 July 25, 2014.
	At July 25, 2014, we had $8,211 and $5,828 notional amount of foreign currency contracts that mature during fiscal year 2014 and 2015, respectively. 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 Condensed Consolidated Statement of Operations when the underlying hedged item is realized. At July 26, 2013, we had $2,895 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 July 25, 2014 or July 26, 2013.
	At July 25, 2014 and July 26, 2013, we had no treasury lock contracts in place. The accumulated other comprehensive loss amount in our Condensed Consolidated Balance Sheets as of July 25, 2014 and July 26, 2013 represents the unamortized gains and losses, net of tax, from treasury lock contracts settled in previous periods. Unamortized gains and losses are reclassified ratably from accumulated other comprehensive income (loss) 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
		July 25, 2014			October 25, 2013				July 26, 2013
	Assets
	Prepaid expenses and other
	Foreign currency contracts	$	—		$	—			$	94
	Total Assets	$	—		$	—			$	94
	Liabilities
	Accrued liabilities other
	Foreign currency contracts	$	338		$	145			$	—
	Total Liabilities	$	338		$	145			$	—
	Derivative gains (losses) recognized in AOCI1 and on the Condensed Consolidated Statements of Operations for the three and nine months ended July 25, 2014 and July 26, 2013, respectively, are as follows:
	Three Months Ended July 25, 2014	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	154		Other income / (expense), net		$	(15	)
	Treasury lock contracts	319			Interest expense		(319		)
	Total derivatives designated as cash flow hedges	$	473		Total		$	(334	)
	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.
	Three Months Ended July 26, 2013	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	38		Other income / (expense), net		$	42
	Treasury lock contracts	320			Interest expense		(320		)
	Total derivatives designated as cash flow hedges	$	358		Total		$	(278	)
	Nine Months Ended July 25, 2014	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(193	)	Other income / (expense), net		$	(236	)
	Treasury lock contracts	958			Interest expense		(958		)
	Total derivatives designated as cash flow hedges	$	765		Total		$	(1,194	)
	Nine Months Ended July 26, 2013	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	79		Other income / (expense), net		$	84
	Treasury lock contracts	958			Interest expense		(958		)
	Total derivatives designated as cash flow hedges	$	1,037		Total		$	(874	)
	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	9 Months Ended
	Jul. 25, 2014
Debt Disclosure [Abstract]	'
Debt	'
	NOTE 8 – DEBT
	Debt consists of the following:
		July 25,		October 25,		July 26,
		2014		2013		2013
	Short-term debt	$	553,557	$	441,165	$	412,394
	Current portion of long-term debt	4,500		—		3,661
	Long-term debt	1,077,921		1,037,392		1,012,550
	Total Debt	$	1,635,978	$	1,478,557	$	1,428,605
	The increase in total debt from October 25, 2013 was primarily due to commercial paper and revolving credit facility borrowings to fund share repurchases and capital expenditures, partially offset by cash flow from operating activities.
	Our credit facilities have covenants that require us to maintain certain financial ratios. We were in compliance with these covenants as of July 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	9 Months Ended
	Jul. 25, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	NOTE 9 – STOCK-BASED COMPENSATION
	Compensation expense associated with our stock-based compensation plans was $4,520 ($2,788 after tax) and $13,901 ($8,575 after tax) for the three and nine months ended July 25, 2014, respectively, compared to $3,610 ($2,361 after tax) and $12,783 ($8,245 after tax) for the three and nine months ended July 26, 2013, respectively.

Pensions_And_Other_Postretirem

Pensions And Other Postretirement Benefits	9 Months Ended
	Jul. 25, 2014
Compensation and Retirement Disclosure [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						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Service cost	$	1,097		$	1,147		$	3,278		$	3,709
	Interest cost	3,728			3,281			11,139			9,926
	Expected return on plan assets	(4,994		)	(4,915		)	(14,925		)	(14,791		)
	Amortization of prior service cost	120			112			360			336
	Recognized actuarial (gain)/loss	1,552			2,372			4,643			7,204
	Net Periodic Benefit Cost	$	1,503		$	1,997		$	4,495		$	6,384
	The net periodic benefit cost of our post-retirement medical benefits is as follows:
		Three Months Ended						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Service cost	$	38		$	60		$	114		$	180
	Interest cost	95			90			285			270
	Amortization of prior service cost	(32		)	(32		)	(96		)	(96		)
	Recognized actuarial (gain)/loss	92			117			276			351
	Net Periodic Benefit Cost	$	193		$	235		$	579		$	705

Income_Taxes

Income Taxes	9 Months Ended
	Jul. 25, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	NOTE 11 – INCOME TAXES
		Three Months Ended				Nine Months Ended
		July 25,		July 26,		July 25,		July 26,
		2014		2013		2014		2013
	Effective Tax Rate	30.4	%	32.3	%	31.6	%	31.5	%
	The lower third quarter 2014 effective tax rate was due to improvement in the geographic mix of earnings and tax incentives. The slightly higher effective tax rate for the year-to-date period of 2014 was due to lower discrete benefits versus the previous period, offset by improvement in the geographic mix of earnings and tax incentives.
	The effective tax rate for the nine months ended July 25, 2014 is lower than the U.S. federal statutory rate of 35.0% primarily due to the earnings in foreign jurisdictions, which are taxed at rates lower than the U.S. federal statutory rate and tax incentives.
	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. 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. There were no material adjustments to our recorded liability for unrecognized tax benefits or interest and penalties during the first quarter, second quarter, or third quarter of fiscal years 2013 and 2014.

Net_Income_Loss_Per_Common_Sha

Net Income (Loss) Per Common Share	9 Months Ended
	Jul. 25, 2014
Earnings Per 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 nine months ended July 25, 2014 and July 26, 2013:
		Three Months Ended				Nine Months Ended
		July 25,		July 26,		July 25,		July 26,
		2014		2013		2014		2013
	Basic
	Net income (loss)	$	97,833	$	93,808	$	237,345	$	225,745
	Weighted-average common shares outstanding – basic	83,194,913		87,227,248		84,168,188		88,373,620
	Net Income (Loss) per Common Share – Basic	$	1.18	$	1.08	$	2.82	$	2.55
	Diluted
	Net income (loss)	$	97,833	$	93,808	$	237,345	$	225,745
	Weighted-average common shares outstanding – basic	83,194,913		87,227,248		84,168,188		88,373,620
	Diluted effect of stock options and unvested restricted stock	2,282,159		2,683,433		2,379,424		2,789,817
	Equivalent average common shares outstanding – diluted	85,477,072		89,910,681		86,547,612		91,163,437
	Net Income (Loss) per Common Share – Diluted	$	1.14	$	1.04	$	2.74	$	2.48
	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 192,595 and 276,031 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and nine months ended July 25, 2014, respectively, as inclusion of these shares would have been antidilutive. Potential common shares of 118,383 and 256,716 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and nine months ended July 26, 2013, respectively, as inclusion of these shares would have been antidilutive.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Jul. 25, 2014
Other Comprehensive Income (Loss), Tax [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 nine months ended July 25, 2014 and July 26, 2013:
	Three Months Ended July 25, 2014	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated Other Comprehensive Income (Loss)
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
	Other comprehensive income before reclassifications	2,199			—			139			2,338
	Amounts reclassified from accumulated other comprehensive income	—			1,732			211			1,943
	Balance, July 25, 2014	$	128,573		$	(65,757	)	$	(8,848	)	$	53,968
	Three Months Ended July 26, 2013	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
	Other comprehensive income (loss), net of tax	(33,144		)	—			235			(32,909		)
	Balance, July 26, 2013	$	122,980		$	(99,407	)	$	(9,263	)	$	14,310
	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 $369 for the three- and nine-months ended July 25, 2014.
	Nine Months Ended July 25, 2014	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, October 25, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419
	Other comprehensive income before reclassifications	(5,030		)	—			(429		)	(5,459		)
	Amounts reclassified from accumulated other comprehensive income	$	—		$	5,183		$	825		$	6,008
	Balance, July 25, 2014	$	128,573		$	(65,757	)	$	(8,848	)	$	53,968
	Nine Months Ended July 26, 2013	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, October 26, 2012	$	159,610		$	(99,407	)	$	(9,931	)	$	50,272
	Other comprehensive income (loss), net of tax	(36,630		)	—			668			(35,962		)
	Balance, July 26, 2013	$	122,980		$	(99,407	)	$	(9,263	)	$	14,310
	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 $369 for the three- and nine-months ended July 25, 2014.
	Amounts related to financial instruments are reclassified from accumulated other comprehensive income (loss) to net income based on the nature of the instrument. Gains and losses on foreign currency contracts are reclassified to other expense (income) in the Condensed Consolidated Statement of Operations when the underlying hedged item is realized. Unamortized gains and losses on treasury lock contracts are reclassified ratably to interest expense in our Condensed Consolidated Statements of Operations over the term of the related debt. See Note 7 for further information on financial instrument reclassifications.
	Amounts related to pension and post-retirement medical adjustments are reclassified from accumulated other comprehensive income (loss) to pension cost, which is allocated to cost of sales and operating expenses based on salaries and wages, approximately as follows:
		Three Months Ended
		July 25, 2014
	Cost of sales	$	678
	Research and Development	221
	Selling, General and Administrative	833
	Total Before Income Taxes	$	1,732
		Nine Months Ended
		July 25, 2014
	Cost of sales	$	2,019
	Research and Development	663
	Selling, General and Administrative	2,501
	Total Before Income Taxes	$	5,183

Segment_Information

Segment Information	9 Months Ended
	Jul. 25, 2014
Segment Reporting [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, Europe 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. 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 nine months ended July 25, 2014 and July 26, 2013 are as follows:
		Three Months Ended						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Net Sales
	Coatings	$	666,358		$	572,837		$	1,817,542		$	1,607,152
	Paints	474,039			454,969			1,307,274			1,222,002
	Other and Administrative	109,854			99,761			298,441			279,537
	Less Intersegment Sales	(47,189		)	(38,554		)	(133,898		)	(113,217		)
	Total Net Sales	$	1,203,062		$	1,089,013		$	3,289,359		$	2,995,474
	EBIT
	Coatings	$	114,874		$	99,026		$	282,896		$	253,602
	Paints	43,224			50,761			124,644			126,206
	Other and Administrative	(1,381		)	4,722			(12,878		)	(2,225		)
	Total EBIT	156,717			154,509			394,662			377,583
	Interest Expense	16,137			16,000			47,825			47,861
	Income Before Income Taxes	$	140,580		$	138,509		$	346,837		$	329,722
	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	9 Months Ended
	Jul. 25, 2014
Restructuring and Related Activities [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 $7,653 and $28,315 in the three and nine months ended July 25, 2014, respectively, and $2,490 and $11,810 for the three and nine months ended July 26, 2013, respectively. 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 $(636) and $7,208 for the three and nine months ended July 25, 2014, respectively, and $495 and $937 for the three and nine months ended July 26, 2013, respectively. 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:
	Nine Months Ended July 25, 2014	Liability Beginning Balance 10/25/2013		Expense		Payments and Other Activity			Liability Ending Balance 7/25/2014
	Coatings
	Severance and employee benefits	$	18,899	$	9,685	$	(14,340	)	$	14,244
	Asset impairments	—		5,751		(5,751		)	—
	Exit costs (consulting/site clean-up)	119		2,968		(2,970		)	117
	Total Coatings	19,018		18,404		(23,061		)	14,361
	Paints
	Severance and employee benefits	6,118		6,304		(10,841		)	1,581
	Asset impairments	—		1,457		(1,457		)	—
	Exit costs (consulting/site clean-up)	2,196		1,874		(1,886		)	2,184
	Total Paints	8,314		9,635		(14,184		)	3,765
	Other and Administrative
	Severance and employee benefits	1,791		276		(1,349		)	718
	Total Other and Administrative	1,791		276		(1,349		)	718
	Total	$	29,123	$	28,315	$	(38,594	)	$	18,844
	Nine Months Ended July 26, 2013	Liability Beginning Balance 10/26/2012		Expense		Payments and Other Activity			Liability Ending Balance 7/26/2013
	Coatings
	Severance and employee benefits	$	2,234	$	3,919	$	(1,000	)	$	5,153
	Asset impairments	—		48		(48		)	—
	Exit costs (consulting/site clean-up)	390		—		(230		)	160
	Total Coatings	2,624		3,967		(1,278		)	5,313
	Paints
	Severance and employee benefits	2,104		6,849		(3,961		)	4,992
	Asset impairments	—		828		(828		)	—
	Exit costs (consulting/site clean-up)	3,984		—		(1,769		)	2,215
	Total Paints	6,088		7,677		(6,558		)	7,207
	Other and Administrative
	Severance and employee benefits	297		58		(94		)	261
	Asset impairments	—		61		(61		)	—
	Exit costs (consulting/site clean-up)	—		47		(47		)	—
	Total Other and Administrative	297		166		(202		)	261
	Total	$	9,009	$	11,810	$	(8,038	)	$	12,781
	The ending liability balance at July 25, 2014 and July 26, 2013 is included in other accrued liabilities and other long-term 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 July 25, 2014, $3,302 was charged to cost of sales, $1,285 was recorded to research and development (R&D) expenses and $3,066 was charged to selling, general and administrative (SG&A) expenses. For the nine months ended July 25, 2014, $17,677 was charged to cost of sales, $1,300 was recorded to research and development (R&D) expenses and $9,338 was charged to selling, general and administrative (SG&A) expenses. For the three months ended July 26, 2013, $1,652 was charged to cost of sales, $106 was recorded to research and development (R&D) expenses and $732 was charged to selling, general and administrative (SG&A) expenses. For the nine months ended July 26, 2013, $8,321 was charged to cost of sales, $347 was recorded to research and development (R&D) expenses and $3,142 was charged to selling, general and administrative (SG&A) expenses.

Recently_Issued_Accounting_Sta

Recently Issued Accounting Standards	9 Months Ended
	Jul. 25, 2014
New Accounting Pronouncements and Changes in Accounting Principles [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 guidance is 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, and either full retrospective adoption or modified retrospective adoption is permitted. 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)	9 Months Ended
	Jul. 25, 2014
Inventory Disclosure [Abstract]	'
Schedule Of Inventories	'
	Our major classes of inventories consist of the following:
		July 25,		October 25,		July 26,
		2014		2013		2013
	Manufactured products	$	331,743	$	267,680	$	250,399
	Raw materials, supplies and work-in-progress	194,695		171,302		166,350
	Total Inventories	$	526,438	$	438,982	$	416,749

Guarantees_And_Contractual_Obl1

Guarantees And Contractual Obligations (Tables)	9 Months Ended
	Jul. 25, 2014
Guarantees And Contractual Obligations [Abstract]	'
Deferred Revenue And Warranties For Certain Products Disclosure	'
	Changes in the recorded amounts included in other accrued liabilities and other long-term liabilities during the period are as follows:
		Nine Months Ended
		July 25,			July 26,
		2014			2013
	Beginning balance, October	$	78,818		$	80,272
	Additional net deferred revenue/accrual made during the period	8,933			5,420
	Payments made during the period	(4,751		)	(5,981		)
	Ending Balance	$	83,000		$	79,711
Schedule Of Contractual Purchase Commitments	'
	Payments for contracts with remaining terms in excess of one year are summarized below:
		July 25, 2014
	Remainder of 2014	$	—
	2015	33,236
	2016	74,216
	2017	1,849
	2018	—
	Thereafter	—
	Total	$	109,301

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	9 Months Ended
	Jul. 25, 2014
Fair Value Disclosures [Abstract]	'
Schedule Of Fair Value Of Assets And Liabilities	'
	The following tables provide information by level for assets and liabilities that are recorded at fair value on a recurring basis:
		Fair Value at July 25, 2014		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	18,619	$	18,619	$	—	$	—
	Restricted cash1	3,121		3,121		—		—
	Total Assets	$	21,740	$	21,740	$	—	$	—
	Liabilities
	Foreign currency contracts2	$	338	$	—	$	338	$	—
	Total Liabilities	$	338	$	—	$	338	$	—
		Fair Value at October 25, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	69,671	$	69,671	$	—	$	—
	Restricted cash1	3,550		3,550		—		—
	Total Assets	$	73,221	$	73,221	$	—	$	—
	Liabilities
	Foreign currency contracts2	$	145	$	—	$	145	$	—
	Total Liabilities	$	145	$	—	$	145	$	—
	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 at July 26, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Assets
	Cash equivalents	$	90,023	$	90,023	$	—	$	—
	Restricted cash1	13,539		13,539		—		—
	Foreign currency contracts2	94		—		94		—
	Total Assets	$	103,656	$	103,562	$	94	$	—
	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 July 25, 2014		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	Publicly traded debt	$	1,101,814	$	1,101,814	$	—	$	—
	Non-publicly traded debt	635,604		—		635,604		—
	Total Debt	$	1,737,418	$	1,101,814	$	635,604	$	—
		Fair Value at October 25, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	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 July 26, 2013		Fair Value Measurements Using Inputs Considered as
				Level 1		Level 2		Level 3
	Debt3
	Publicly traded debt	$	1,099,837	$	1,099,837	$	—	$	—
	Non-publicly traded debt	428,093		—		428,093		—
	Total Debt	$	1,527,930	$	1,099,837	$	428,093	$	—
	3 Debt is recorded at carrying value of $1,635,978, $1,478,557 and $1,428,605 on the Condensed Consolidated Balance Sheet as of July 25, 2014, October 25, 2013 and July 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 8 for additional information on debt.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	9 Months Ended
	Jul. 25, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Description Of Derivative Assets And Liabilities To Fair Value Measurement	'
	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
		July 25, 2014			October 25, 2013				July 26, 2013
	Assets
	Prepaid expenses and other
	Foreign currency contracts	$	—		$	—			$	94
	Total Assets	$	—		$	—			$	94
	Liabilities
	Accrued liabilities other
	Foreign currency contracts	$	338		$	145			$	—
	Total Liabilities	$	338		$	145			$	—
Derivative Gains (Losses) Recognized In Accumulated Other Comprehensive Income And Statement Of Income Classification	'
	Derivative gains (losses) recognized in AOCI1 and on the Condensed Consolidated Statements of Operations for the three and nine months ended July 25, 2014 and July 26, 2013, respectively, are as follows:
	Three Months Ended July 25, 2014	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	154		Other income / (expense), net		$	(15	)
	Treasury lock contracts	319			Interest expense		(319		)
	Total derivatives designated as cash flow hedges	$	473		Total		$	(334	)
	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.
	Three Months Ended July 26, 2013	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	38		Other income / (expense), net		$	42
	Treasury lock contracts	320			Interest expense		(320		)
	Total derivatives designated as cash flow hedges	$	358		Total		$	(278	)
	Nine Months Ended July 25, 2014	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	(193	)	Other income / (expense), net		$	(236	)
	Treasury lock contracts	958			Interest expense		(958		)
	Total derivatives designated as cash flow hedges	$	765		Total		$	(1,194	)
	Nine Months Ended July 26, 2013	Amount of Gain			Statement of Operations		Gain (Loss) in
		(Loss)			Classification		Income1
		recognized in
		AOCI1
	Derivatives designated as cash flow hedges
	Foreign currency contracts	$	79		Other income / (expense), net		$	84
	Treasury lock contracts	958			Interest expense		(958		)
	Total derivatives designated as cash flow hedges	$	1,037		Total		$	(874	)
	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)	9 Months Ended
	Jul. 25, 2014
Debt Disclosure [Abstract]	'
Schedule Of Debt Instruments	'
	Debt consists of the following:
		July 25,		October 25,		July 26,
		2014		2013		2013
	Short-term debt	$	553,557	$	441,165	$	412,394
	Current portion of long-term debt	4,500		—		3,661
	Long-term debt	1,077,921		1,037,392		1,012,550
	Total Debt	$	1,635,978	$	1,478,557	$	1,428,605

Pensions_And_Other_Postretirem1

Pensions And Other Postretirement Benefits (Tables)	9 Months Ended
	Jul. 25, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule Of Periodic Benefit Cost	'
	The net periodic benefit cost of our pension benefits is as follows:
		Three Months Ended						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Service cost	$	1,097		$	1,147		$	3,278		$	3,709
	Interest cost	3,728			3,281			11,139			9,926
	Expected return on plan assets	(4,994		)	(4,915		)	(14,925		)	(14,791		)
	Amortization of prior service cost	120			112			360			336
	Recognized actuarial (gain)/loss	1,552			2,372			4,643			7,204
	Net Periodic Benefit Cost	$	1,503		$	1,997		$	4,495		$	6,384
	The net periodic benefit cost of our post-retirement medical benefits is as follows:
		Three Months Ended						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Service cost	$	38		$	60		$	114		$	180
	Interest cost	95			90			285			270
	Amortization of prior service cost	(32		)	(32		)	(96		)	(96		)
	Recognized actuarial (gain)/loss	92			117			276			351
	Net Periodic Benefit Cost	$	193		$	235		$	579		$	705

Income_Taxes_Income_Taxes_Tabl

Income Taxes Income Taxes (Tables)	9 Months Ended
	Jul. 25, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
		Three Months Ended				Nine Months Ended
		July 25,		July 26,		July 25,		July 26,
		2014		2013		2014		2013
	Effective Tax Rate	30.4	%	32.3	%	31.6	%	31.5	%

Net_Income_Loss_Per_Common_Sha1

Net Income (Loss) Per Common Share (Tables)	9 Months Ended
	Jul. 25, 2014
Earnings Per Share [Abstract]	'
Schedule Of Calculations Of Net Income (Loss) Per Share	'
	The following table presents the net income (loss) per common share calculations for the three and nine months ended July 25, 2014 and July 26, 2013:
		Three Months Ended				Nine Months Ended
		July 25,		July 26,		July 25,		July 26,
		2014		2013		2014		2013
	Basic
	Net income (loss)	$	97,833	$	93,808	$	237,345	$	225,745
	Weighted-average common shares outstanding – basic	83,194,913		87,227,248		84,168,188		88,373,620
	Net Income (Loss) per Common Share – Basic	$	1.18	$	1.08	$	2.82	$	2.55
	Diluted
	Net income (loss)	$	97,833	$	93,808	$	237,345	$	225,745
	Weighted-average common shares outstanding – basic	83,194,913		87,227,248		84,168,188		88,373,620
	Diluted effect of stock options and unvested restricted stock	2,282,159		2,683,433		2,379,424		2,789,817
	Equivalent average common shares outstanding – diluted	85,477,072		89,910,681		86,547,612		91,163,437
	Net Income (Loss) per Common Share – Diluted	$	1.14	$	1.04	$	2.74	$	2.48

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jul. 25, 2014
Other Comprehensive Income (Loss), Tax [Abstract]	'
Schedule Of Accumulated Other Comprehensive Income (Loss)	'
	Accumulated other comprehensive income (loss), net of tax, consisted of the following for the three and nine months ended July 25, 2014 and July 26, 2013:
	Three Months Ended July 25, 2014	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated Other Comprehensive Income (Loss)
	Balance, April 25, 2014	$	126,374		$	(67,489	)	$	(9,198	)	$	49,687
	Other comprehensive income before reclassifications	2,199			—			139			2,338
	Amounts reclassified from accumulated other comprehensive income	—			1,732			211			1,943
	Balance, July 25, 2014	$	128,573		$	(65,757	)	$	(8,848	)	$	53,968
	Three Months Ended July 26, 2013	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, April 26, 2013	$	156,124		$	(99,407	)	$	(9,498	)	$	47,219
	Other comprehensive income (loss), net of tax	(33,144		)	—			235			(32,909		)
	Balance, July 26, 2013	$	122,980		$	(99,407	)	$	(9,263	)	$	14,310
	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 $369 for the three- and nine-months ended July 25, 2014.
	Nine Months Ended July 25, 2014	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, October 25, 2013	$	133,603		$	(70,940	)	$	(9,244	)	$	53,419
	Other comprehensive income before reclassifications	(5,030		)	—			(429		)	(5,459		)
	Amounts reclassified from accumulated other comprehensive income	$	—		$	5,183		$	825		$	6,008
	Balance, July 25, 2014	$	128,573		$	(65,757	)	$	(8,848	)	$	53,968
	Nine Months Ended July 26, 2013	Foreign Currency Translation1			Benefit Obligations2			Financial Instruments3			Accumulated
											Other
											Comprehensive
											Income (Loss)
	Balance, October 26, 2012	$	159,610		$	(99,407	)	$	(9,931	)	$	50,272
	Other comprehensive income (loss), net of tax	(36,630		)	—			668			(35,962		)
	Balance, July 26, 2013	$	122,980		$	(99,407	)	$	(9,263	)	$	14,310
	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 $369 for the three- and nine-months ended July 25, 2014.
Schedule Of Reclassification Out Of Pension And Postretirement Medical Adjustments	'
	Amounts related to pension and post-retirement medical adjustments are reclassified from accumulated other comprehensive income (loss) to pension cost, which is allocated to cost of sales and operating expenses based on salaries and wages, approximately as follows:
		Three Months Ended
		July 25, 2014
	Cost of sales	$	678
	Research and Development	221
	Selling, General and Administrative	833
	Total Before Income Taxes	$	1,732
		Nine Months Ended
		July 25, 2014
	Cost of sales	$	2,019
	Research and Development	663
	Selling, General and Administrative	2,501
	Total Before Income Taxes	$	5,183

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Jul. 25, 2014
Segment Reporting [Abstract]	'
Summary Of Comparative Segment Reporting Information	'
		Three Months Ended						Nine Months Ended
		July 25,			July 26,			July 25,			July 26,
		2014			2013			2014			2013
	Net Sales
	Coatings	$	666,358		$	572,837		$	1,817,542		$	1,607,152
	Paints	474,039			454,969			1,307,274			1,222,002
	Other and Administrative	109,854			99,761			298,441			279,537
	Less Intersegment Sales	(47,189		)	(38,554		)	(133,898		)	(113,217		)
	Total Net Sales	$	1,203,062		$	1,089,013		$	3,289,359		$	2,995,474
	EBIT
	Coatings	$	114,874		$	99,026		$	282,896		$	253,602
	Paints	43,224			50,761			124,644			126,206
	Other and Administrative	(1,381		)	4,722			(12,878		)	(2,225		)
	Total EBIT	156,717			154,509			394,662			377,583
	Interest Expense	16,137			16,000			47,825			47,861
	Income Before Income Taxes	$	140,580		$	138,509		$	346,837		$	329,722

Restructuring_Tables

Restructuring (Tables)	9 Months Ended
	Jul. 25, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring And Impairment Charges By Segment	'
	The following restructuring charges by segment were recorded in the 2014 and 2013 periods:
	Nine Months Ended July 25, 2014	Liability Beginning Balance 10/25/2013		Expense		Payments and Other Activity			Liability Ending Balance 7/25/2014
	Coatings
	Severance and employee benefits	$	18,899	$	9,685	$	(14,340	)	$	14,244
	Asset impairments	—		5,751		(5,751		)	—
	Exit costs (consulting/site clean-up)	119		2,968		(2,970		)	117
	Total Coatings	19,018		18,404		(23,061		)	14,361
	Paints
	Severance and employee benefits	6,118		6,304		(10,841		)	1,581
	Asset impairments	—		1,457		(1,457		)	—
	Exit costs (consulting/site clean-up)	2,196		1,874		(1,886		)	2,184
	Total Paints	8,314		9,635		(14,184		)	3,765
	Other and Administrative
	Severance and employee benefits	1,791		276		(1,349		)	718
	Total Other and Administrative	1,791		276		(1,349		)	718
	Total	$	29,123	$	28,315	$	(38,594	)	$	18,844
	Nine Months Ended July 26, 2013	Liability Beginning Balance 10/26/2012		Expense		Payments and Other Activity			Liability Ending Balance 7/26/2013
	Coatings
	Severance and employee benefits	$	2,234	$	3,919	$	(1,000	)	$	5,153
	Asset impairments	—		48		(48		)	—
	Exit costs (consulting/site clean-up)	390		—		(230		)	160
	Total Coatings	2,624		3,967		(1,278		)	5,313
	Paints
	Severance and employee benefits	2,104		6,849		(3,961		)	4,992
	Asset impairments	—		828		(828		)	—
	Exit costs (consulting/site clean-up)	3,984		—		(1,769		)	2,215
	Total Paints	6,088		7,677		(6,558		)	7,207
	Other and Administrative
	Severance and employee benefits	297		58		(94		)	261
	Asset impairments	—		61		(61		)	—
	Exit costs (consulting/site clean-up)	—		47		(47		)	—
	Total Other and Administrative	297		166		(202		)	261
	Total	$	9,009	$	11,810	$	(8,038	)	$	12,781

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 Srl [Member]	Inver Holding Srl [Member]	Ace Hardware Corporation Paint Manufacturing Business [Member]
			Facility
Business Acquisition [Line Items]	'	'	'
Consideration paid	$210,000	'	'
Net sales before acquisition	'	200,000	'
Manufacturing facilities acquired	'	'	2
Cash paid to acquire entity	'	'	$35,000

Inventories_Schedule_Of_Invent

Inventories (Schedule Of Inventories) (Details) (USD $)	Jul. 25, 2014	Oct. 25, 2013	Jul. 26, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'	'
Manufactured products	$331,743	$267,680	$250,399
Raw materials, supplies and work-in-progress	194,695	171,302	166,350
Total Inventories	$526,438	$438,982	$416,749

Goodwill_And_Other_Intangible_1

Goodwill And Other Intangible Assets (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Oct. 25, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'	'	'
GOODWILL	$1,145,730	$1,065,071	$1,144,670
Increase in goodwill	1,060	'	'
Intangible asset amortization expense	6,194	4,900	'
Future amortization expense, year one	8,500	'	'
Future amortization expense, year two	8,500	'	'
Future amortization expense, year three	8,500	'	'
Future amortization expense, year four	8,500	'	'
Future amortization expense, year five	$8,500	'	'

Guarantees_And_Contractual_Obl2

Guarantees And Contractual Obligations (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Guarantees And Contractual Obligations [Abstract]	'	'	'	'
Unconditional purchase obligation term	'	'	'5 years	'
Payments relating to unconditional purchase obligations	$16,041	$13,114	$48,700	$34,203

Guarantees_And_Contractual_Obl3

Guarantees And Contractual Obligations (Deferred Revenue And Warranties For Certain Products Disclosure) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013
Guarantees And Contractual Obligations [Abstract]	'	'
Beginning balance, October	$78,818	$80,272
Additional net deferred revenue/warranty accrual made during the period	8,933	5,420
Warranty payments made during the period	-4,751	-5,981
Ending Balance	$83,000	$79,711

Guarantees_And_Contractual_Obl4

Guarantees And Contractual Obligations (Schedule Of Contractual Purchase Commitments) (Details) (USD $)	Jul. 25, 2014
In Thousands, unless otherwise specified
Guarantees And Contractual Obligations [Abstract]	'
Remainder of 2014	$0
2015	33,236
2016	74,216
2017	1,849
2018	0
Thereafter	0
Total	$109,301

Fair_Value_Measurement_Narrati

Fair Value Measurement (Narrative) (Details) (USD $)	9 Months Ended		12 Months Ended
	Jul. 25, 2014	Jul. 26, 2013	Oct. 25, 2013
Fair Value Disclosures [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 $)	Jul. 25, 2014		Oct. 25, 2013		Jul. 26, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	$18,619		$69,671		$90,023
Restricted cash	3,121	[1]	3,550	[1]	13,539	[1]
Foreign currency contracts	'		'		94	[2]
Total assets	21,740		73,221		103,656
Foreign currency contracts	338	[2]	145	[2]	'
Total liabilities	338		145		'
Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Cash equivalents	18,619		69,671		90,023
Restricted cash	3,121	[1]	3,550	[1]	13,539	[1]
Foreign currency contracts	'		'		0	[2]
Total assets	21,740		73,221		103,562
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	'		'		94	[2]
Total assets	0		0		94
Foreign currency contracts	338	[2]	145	[2]	'
Total liabilities	338		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 $)	Jul. 25, 2014		Oct. 25, 2013		Jul. 26, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	$1,737,418	[1]	$1,575,866	[1]	$1,527,930	[1]
Carrying value of debt	1,635,978		1,478,557		1,428,605
Fair Value, Inputs, Level 1 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	1,101,814	[1]	1,097,309	[1]	1,099,837	[1]
Fair Value, Inputs, Level 2 [Member]	'		'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'		'
Total debt	635,604	[1]	478,557	[1]	428,093	[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	1,101,814	[1]	1,097,309	[1]	1,099,837	[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	1,101,814	[1]	1,097,309	[1]	1,099,837	[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	635,604	[1]	478,557	[1]	428,093	[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	635,604	[1]	478,557	[1]	428,093	[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 $1,635,978, $1,478,557 and $1,428,605 on the Condensed Consolidated Balance Sheet as of July 25, 2014, October 25, 2013 and July 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 8 for additional information on debt.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Narrative) (Details) (USD $)	Jul. 25, 2014	Jul. 26, 2013
Foreign Currency Contracts Maturing In 2014 [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	$8,211,000	$2,572,000
Foreign Currency Contracts Maturing in 2015 [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	5,828,000	'
Foreign Currency Contracts Maturing In 2013 [Member]	'	'
Derivative [Line Items]	'	'
Notional amount of derivatives	'	2,895,000
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 $)	Jul. 25, 2014	Oct. 25, 2013	Jul. 26, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'	'
Total Assets	$0	$0	$94
Total Liabilities	338	145	0
Foreign Currency Contracts [Member]	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Total Assets	0	0	94
Total Liabilities	$338	$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			9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013		Jul. 25, 2014		Jul. 26, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'		'		'
Amount of Gain (Loss) Recognized in AOCI	$473	$358	[1]	$765	[1]	$1,037	[1]
Gain (Loss) in Earnings	-334	-278	[1]	-1,194	[1]	-874	[1]
Other Income/(expense), net [Member]	'	'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'	'		'		'
Gain (Loss) in Earnings	-15	42	[1]	-236	[1]	84	[1]
Interest Expense [Member]	'	'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'	'		'		'
Gain (Loss) in Earnings	-319	-320	[1]	-958	[1]	-958	[1]
Foreign Currency Contracts [Member]	'	'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'	'		'		'
Amount of Gain (Loss) Recognized in AOCI	154	38	[1]	-193	[1]	79	[1]
Treasury Lock Contracts [Member]	'	'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'	'		'		'
Amount of Gain (Loss) Recognized in AOCI	$319	$320	[1]	$958	[1]	$958	[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
Bank Syndicate Facility Due At December 2018 [Member]	'
Debt Instrument [Line Items]	'
Total facility size	$750,000,000
Bank Syndicate Facility Due At December 2014 [Member]	'
Debt Instrument [Line Items]	'
Total facility size	$550,000,000

Debt_Schedule_Of_Debt_Instrume

Debt (Schedule Of Debt Instruments) (Details) (USD $)	Jul. 25, 2014	Oct. 25, 2013	Jul. 26, 2013
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]	'	'	'
Short-term debt	$553,557	$441,165	$412,394
Current portion of long-term debt	4,500	0	3,661
Long-term Debt	1,077,921	1,037,392	1,012,550
Total Debt	$1,635,978	$1,478,557	$1,428,605

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'	'
Stock-based compensation expense before tax	$4,520	$3,610	$13,901	$12,783
Stock-based compensation expense after tax	$2,788	$2,361	$8,575	$8,245

Pensions_And_Other_Postretirem2

Pensions And Other Postretirement Benefits (Schedule Of Periodic Benefit Cost) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Pension Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$1,097	$1,147	$3,278	$3,709
Interest cost	3,728	3,281	11,139	9,926
Expected return on plan assets	-4,994	-4,915	-14,925	-14,791
Amortization of prior service cost	120	112	360	336
Recognized actuarial (gain)/loss	1,552	2,372	4,643	7,204
Net periodic benefit cost	1,503	1,997	4,495	6,384
Post-Retirement Medical Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	38	60	114	180
Interest cost	95	90	285	270
Amortization of prior service cost	-32	-32	-96	-96
Recognized actuarial (gain)/loss	92	117	276	351
Net periodic benefit cost	$193	$235	$579	$705

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013	Oct. 25, 2013
Income Tax Disclosure [Abstract]	'	'	'	'	'
Effective Tax Rate	30.40%	32.30%	31.60%	31.50%	'
Federal Statutory Rate	'	'	35.00%	'	'
Liability recorded for gross unrecognized tax benefits	'	'	'	'	$15,363
Unrecognized tax benefits would affect the effective tax rate	'	'	'	'	14,485
Accrued interest and penalties	'	'	'	'	$4,461

Net_Income_Loss_Per_Common_Sha2

Net Income (Loss) Per Common Share (Narrative) (Details)	3 Months Ended		9 Months Ended
	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive securities excluded from computation of EPS	192,595	118,383	276,031	256,716

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		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income (loss)	$97,833	$93,808	$237,345	$225,745
Weighted-average common shares outstanding - basic	83,194,913	87,227,248	84,168,188	88,373,620
Net Income (Loss) per Common Share - Basic	$1.18	$1.08	$2.82	$2.55
Dilutive effect of stock options and unvested restricted stock	2,282,159	2,683,433	2,379,424	2,789,817
Equivalent average common shares outstanding - diluted	85,477,072	89,910,681	86,547,612	91,163,437
Net Income (Loss) per Common Share - Diluted	$1.14	$1.04	$2.74	$2.48

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014		Jul. 26, 2013		Jul. 25, 2014		Jul. 26, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	$49,687		$47,219		$53,419		$50,272
Other comprehensive income before reclassifications	2,338		'		-5,459		'
Amounts reclassified from accumulated other comprehensive income	1,943		'		6,008		'
Other comprehensive income (loss), net of tax	4,281		-32,909		549		-35,962
Accumulated Other Comprehensive Income (Loss), Ending Balance	53,968		14,310		53,968		14,310
Amounts reclassified from accumulated other comprehensive income, tax	123		'		369		'
Foreign Currency Translation [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	126,374	[1]	156,124	[1]	133,603	[1]	159,610	[1]
Other comprehensive income before reclassifications	2,199	[1]	'		-5,030	[1]	'
Amounts reclassified from accumulated other comprehensive income	0	[1]	'		0	[1]	'
Other comprehensive income (loss), net of tax	'		-33,144	[1]	'		-36,630	[1]
Accumulated Other Comprehensive Income (Loss), Ending Balance	128,573	[1]	122,980	[1]	128,573	[1]	122,980	[1]
Benefit Obligations [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	-67,489	[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	1,732	[2]	'		5,183	[2]	'
Other comprehensive income (loss), net of tax	'		0	[2]	'		0	[2]
Accumulated Other Comprehensive Income (Loss), Ending Balance	-65,757	[2]	-99,407	[2]	-65,757	[2]	-99,407	[2]
Financial Instruments [Member]	'		'		'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income (Loss), Beginning Balance	-9,198	[3]	-9,498	[3]	-9,244	[3]	-9,931	[3]
Other comprehensive income before reclassifications	139	[3]	'		-429	[3]	'
Amounts reclassified from accumulated other comprehensive income	211	[3]	'		825	[3]	'
Other comprehensive income (loss), net of tax	'		235	[3]	'		668	[3]
Accumulated Other Comprehensive Income (Loss), Ending Balance	($8,848)	[3]	($9,263)	[3]	($8,848)	[3]	($9,263)	[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 $369 for the three- and nine-months ended July 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		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Cost of sales	$783,068	$718,000	$2,155,179	$1,984,888
Research and development	34,285	31,849	100,428	98,284
Selling, general and administrative	219,527	180,342	608,274	520,109
Income (loss) before income taxes	-140,580	-138,509	-346,837	-329,722
Benefit Obligations [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Cost of sales	678	'	2,019	'
Research and development	221	'	663	'
Selling, general and administrative	833	'	2,501	'
Income (loss) before income taxes	$1,732	'	$5,183	'

Segment_Information_Narrative_

Segment Information (Narrative) (Details)	9 Months Ended
	Jul. 25, 2014
	segment
Segment Reporting [Abstract]	'
Number of reportable segments	2

Segment_Information_Summary_Of

Segment Information (Summary Of Comparative Segment Reporting Information) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013	Jul. 25, 2014	Jul. 26, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	$1,203,062	$1,089,013	$3,289,359	$2,995,474
Total EBIT	156,717	154,509	394,662	377,583
Interest Expense	16,137	16,000	47,825	47,861
Income (loss) before income taxes	140,580	138,509	346,837	329,722
Intersegment Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	-47,189	-38,554	-133,898	-113,217
Coatings [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	666,358	572,837	1,817,542	1,607,152
Total EBIT	114,874	99,026	282,896	253,602
Paints [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	474,039	454,969	1,307,274	1,222,002
Total EBIT	43,224	50,761	124,644	126,206
Other And Administrative [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Net Sales	109,854	99,761	298,441	279,537
Total EBIT	($1,381)	$4,722	($12,878)	($2,225)

Restructuring_Narrative_Detail

Restructuring (Narrative) (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 26, 2013

Jul. 25, 2014

Jul. 25, 2014

Jul. 26, 2013

Jul. 26, 2013

Oct. 25, 2013

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 And 2014 Restructuring Initiatives [Member]

2013 And 2014 Restructuring Initiatives [Member]

2013 Restructuring Initiatives [Member]

2013 Restructuring Initiatives [Member]

2013 Restructuring Initiatives [Member]

Restructuring Cost and Reserve [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring charges

$28,315

$11,810

$3,302

$1,652

$17,677

$8,321

$1,285

$106

$1,300

$347

$3,066

$732

$9,338

$3,142

$7,653

$28,315

$2,490

$11,810

$36,433

Pre-tax asset impairment charges

'

'

'

'

'

'

'

'

'

'

'

'

'

'

($636)

$7,208

$495

$937

'

Restructuring_Restructuring_An

Restructuring (Restructuring And Impairment Charges By Segment) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jul. 25, 2014	Jul. 26, 2013
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	$29,123	$9,009
Expense	28,315	11,810
Payments and Other Activity	-38,594	-8,038
Liability Ending Balance	18,844	12,781
Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	19,018	2,624
Expense	18,404	3,967
Payments and Other Activity	-23,061	-1,278
Liability Ending Balance	14,361	5,313
Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	8,314	6,088
Expense	9,635	7,677
Payments and Other Activity	-14,184	-6,558
Liability Ending Balance	3,765	7,207
Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	1,791	297
Expense	276	166
Payments and Other Activity	-1,349	-202
Liability Ending Balance	718	261
Severance And Employee Benefits [Member] | Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	18,899	2,234
Expense	9,685	3,919
Payments and Other Activity	-14,340	-1,000
Liability Ending Balance	14,244	5,153
Severance And Employee Benefits [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	6,118	2,104
Expense	6,304	6,849
Payments and Other Activity	-10,841	-3,961
Liability Ending Balance	1,581	4,992
Severance And Employee Benefits [Member] | Other And Administrative [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	1,791	297
Expense	276	58
Payments and Other Activity	-1,349	-94
Liability Ending Balance	718	261
Asset Impairments [Member] | Coatings [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	0	0
Expense	5,751	48
Payments and Other Activity	-5,751	-48
Liability Ending Balance	0	0
Asset Impairments [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	0	0
Expense	1,457	828
Payments and Other Activity	-1,457	-828
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	2,968	0
Payments and Other Activity	-2,970	-230
Liability Ending Balance	117	160
Exit Costs (Consulting/Site Clean-Up) [Member] | Paints [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Liability Beginning Balance	2,196	3,984
Expense	1,874	0
Payments and Other Activity	-1,886	-1,769
Liability Ending Balance	2,184	2,215
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