consolidated statements of financial position (Dollars In Thousands, Except Per Share Amounts) October 30, 2004 October 25, 2003  Assets Current Assets Cash and cash equivalents $ 288,881  $ 97,976  Accounts receivable 272,738 291,481 Inventories 425,655 403,213 Deferred income taxes  29,254 14,732 Prepaid expenses and other current assets 12,875 16,572 Total Current Assets 1,029,403 823,974 Goodwill 417,728 414,258 Other Intangibles 95,214 95,728 Net Pension Assets 67,037 65,290 Investments in and Receivables from Affiliates 55,232 138,357 Other Assets 165,117 154,172 Property, Plant, and Equipment Land 25,872 26,157 Buildings 455,860 436,660 Equipment 948,244 902,652 Construction in progress 44,666 46,057 1,474,642 1,411,526 Less allowance for depreciation (770,405) (710,184) 704,237 701,342 Total Assets $2,533,968 $2,393,121 Liabilities and Shareholders’ Investment Current Liabilities Accounts payable $ 203,563 $ 195,826  Accrued expenses 31,435 33,996 Accrued marketing expenses 71,855 62,799 Employee compensation 94,548 84,658 Taxes, other than federal income taxes 13,569 21,647 Dividends payable 15,673 14,594 Federal income taxes 17,963 14,175 Current maturities of long-term debt 15,760 14,295 Total Current Liabilities  464,366 441,990 Long-term Debt – less current maturities 361,510 395,273 Accumulated Postretirement Benefit Obligation 257,392 255,914 Other Long-term Liabilities 47,128 36,247 Deferred Income Taxes  4,324 10,962 Shareholders’ Investment Preferred stock, par value $.01 a share – authorized 80,000,000 shares; issued – none Common stock, nonvoting, par value $.01 a share –  authorized 200,000,000 shares; issued – none Common stock, par value $.0586 a share – authorized 400,000,000 shares;  issued 137,875,211 shares October 30, 2004  issued 138,596,084 shares October 25, 2003 8,079 8,122 Additional paid-in capital 0 4,073 Accumulated other comprehensive loss (23,534) (25,144) Retained earnings 1,414,703 1,265,684 Total Shareholders’ Investment 1,399,248 1,252,735 Total Liabilities and Shareholders’ Investment $2,533,968 $2,393,121 See notes to consolidated financial statements. 2004 Annual Report 31