Pay vs Performance Disclosure, Table

pay versus performance Disclosure

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (PEO) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

Pay versus Performance


					Average		Average		Value of Initial
	Summary				Summary		Compensation		Fixed $100 Investment			Operating
	Compensation		Compensation		Compensation Table		Actually Paid		based on:⁽⁴⁾			Return on
Fiscal	Table Total		Actually Paid		Total for Non-PEO		to Non-PEO			Peer Group		Operating
Year	for PEO⁽¹⁾ ($)		to PEO^(1)(2)(3) ($)		NEOs⁽¹⁾($)		NEOs^(1)(2)(3) ($)		TSR ($)	TSR ($)	Net Income⁽⁵⁾	Assets⁽⁶⁾
2024	$	27,801,672	$	31,011,148	$	7,574,559	$	8,156,223	189.96	190.66	7,088	35.9	%
2023	$	26,722,519	$	28,995,124	$	7,763,381	$	8,503,136	165.72	133.62	10,155	52.5	%
2022	$	20,300,151	$	38,631,080	$	5,243,700	$	8,863,842	179.84	128.81	7,130	39.8	%
2021	$	19,912,826	$	48,000,087	$	6,571,828	$	15,050,369	153.17	139.83	5,965	38.1	%

(1)	Mr. May was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.


2021	2022	2023	2024
Ryan D. Campbell	Ryan D. Campbell	Ryan D. Campbell	Ryan D. Campbell
Marc A. Howze	Marc A. Howze	Joshua A. Jepsen	Joshua A. Jepsen
Rajesh Kalathur	Joshua A. Jepsen	Cory J. Reed	Rajesh Kalathur
Cory J. Reed	Mary K. W. Jones	Justin R. Rose	Cory J. Reed
	Rajesh Kalathur
	Cory J. Reed

(2)

Compensation Actually Paid amounts are calculated using the fair value or change in fair value, as applicable, of equity award adjustments in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant.

(3)

Compensation Actually Paid reflects adjustments made to total compensation amounts as reported in the Summary Compensation Table for the applicable year for the PEO and Non-PEO NEOs, as set forth below, computed in accordance with Item 402(v) of Regulation S-K. Equity values are calculated in accordance with FASB ASC Topic 718.


							Exclusion of
	Summary		Exclusion of		Inclusion of		Stock Awards
	Compensation		Change in		Pension Service		and Option		Inclusion of		Compensation
Fiscal	Table Total for		Pension Value for		Cost for		Awards for		Equity Values for		Actually Paid to
Year	John C. May⁽¹⁾ ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)
2024	$	27,801,672	$	(1,698,832)	$	332,987	$	(17,491,573)	$	22,066,894	$	31,011,148
2023	$	26,722,519	$	(436,715)	$	313,488	$	(18,180,007)	$	20,575,839	$	28,995,124
2022	$	20,300,151	$	—	$	413,778	$	(11,234,238)	$	29,151,389	$	38,631,080
2021	$	19,912,826	$	(741,736)	$	384,230	$	(9,290,187)	$	37,734,954	$	48,000,087


	Average						Exclusion of
	Summary		Exclusion of		Inclusion of		Average Stock		Inclusion of		Average
	Compensation		Average Change in		Average Pension		Awards and Option		Average Equity		Compensation
Fiscal	Table Total for		Pension Value for		Service cost for		Awards for		Values for		Actually Paid to
Year	Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)
2024	$	7,574,559	$	(557,690)	$	139,750	$	(4,077,272)	$	5,076,876	$	8,156,223
2023	$	7,763,381	$	(83,812)	$	86,951	$	(4,788,595)	$	5,525,211	$	8,503,136
2022	$	5,243,700	$	—	$	189,347	$	(1,924,893)	$	5,355,688	$	8,863,842
2021	$	6,571,828	$	(339,277)	$	232,162	$	(2,121,595)	$	10,707,251	$	15,050,369

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


	Inclusion of
	Year-End				Inclusion of
	Fair Value of				Vesting Date		Inclusion of		Exclusion of Prior
	Equity Awards		Inclusion of		Fair Value of		Change in Fair		Year-End Fair
	Granted During		Change in		Equity Awards		Value of Equity		Value of Equity		Inclusion of
	the Year That		Fair Value from		Granted During		Awards Granted		Awards Granted		Dividends or Other
	Remained		Last Day of Prior		the Year that		in Prior Years		in Prior Years		Earnings Paid on
	Unvested at		Year to		Vested During		that Vested in		that Failed to Vest		Equity Awards Not		Total - Inclusion
	Applicable		Applicable		the Applicable		the Applicable		in the Applicable		Otherwise		of Equity
Fiscal	Year-End for		Year-End for		Year for		Year for		Year for		Included for		Values for
Year	John C. May⁽¹⁾ ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)
2024	$	20,759,326	$	1,623,711	$	—	$	(316,143)	$	—	$	—	$	22,066,894
2023	$	21,044,235	$	(3,635,148)	$	—	$	3,166,752	$	—	$	—	$	20,575,839
2022	$	19,417,988	$	8,756,697	$	—	$	976,704	$	—	$	—	$	29,151,389
2021	$	19,345,052	$	17,530,496	$	—	$	859,406	$	—	$	—	$	37,734,954


	Inclusion of
	Average Year-End				Inclusion of				Exclusion of
	Fair Value of				Average Vesting		Inclusion of		Average Prior
	Equity Awards		Inclusion of		Date Fair Value		Average Change in		Year-End Fair		Inclusion of
	Granted During		Average Change in		of Equity Awards		Fair Value of		Value of Equity		Average Dividends
	the Year That		Fair Value from		Granted During		Equity Awards		Awards Granted		or Other Earnings
	Remained		Last Day of Prior		the Year that		Granted in Prior		in Prior Years		Paid on Equity
	Unvested at		Year to		Vested During		Years that Vested		that Failed to Vest		Awards Not		Total - Average
	Applicable		Applicable		the Applicable		in the Applicable		in the Applicable		Otherwise		Inclusion of
Fiscal	Year-End for		Year-End for		Year for		Year for		Year for		Included for		Equity Values for
Year	Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)
2024	$	4,838,984	$	292,648	$	—	$	(54,756)	$	—	$	—	$	5,076,876
2023	$	5,552,601	$	(430,014)	$	—	$	402,624	$	—	$	—	$	5,525,211
2022	$	3,292,511	$	1,744,493	$	—	$	318,684	$	—	$	—	$	5,355,688
2021	$	4,330,904	$	5,892,939	$	—	$	483,408	$	—	$	—	$	10,707,251

Please note that any columns included in the inclusion of Equity Values tables that contain a “—” did not have an amount in that category for that year.

(4)

The Peer Group TSR set forth in this table utilizes the S&P 500 Industrials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended October 27, 2024. The comparison assumes $100 was invested for the period starting November 1, 2020, through the end of the listed year in the Company and in the S&P 500 Industrials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

(5)	Represents the amount of total net income, in millions, as reported in the Company’s audited U.S. GAAP financial statements for each applicable fiscal year, in accordance with rules adopted by the SEC.

(6)

We determined Operating Return on Operating Assets (OROA) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2023 and 2024. OROA is a non-GAAP financial measure used in our Short-Term Incentive plan, and the calculation of, and adjustments to, this measure are described in the Compensation Discussion and Analysis section above. This performance measure may not have been the most important financial performance measure in previous years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Company Selected Measure Name

Operating Return on Operating Assets

Named Executive Officers, Footnote

(1)	Mr. May was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.


2021	2022	2023	2024
Ryan D. Campbell	Ryan D. Campbell	Ryan D. Campbell	Ryan D. Campbell
Marc A. Howze	Marc A. Howze	Joshua A. Jepsen	Joshua A. Jepsen
Rajesh Kalathur	Joshua A. Jepsen	Cory J. Reed	Rajesh Kalathur
Cory J. Reed	Mary K. W. Jones	Justin R. Rose	Cory J. Reed
	Rajesh Kalathur
	Cory J. Reed

Peer Group Issuers, Footnote

(4)

PEO Total Compensation Amount

$ 27,801,672

$ 26,722,519

$ 20,300,151

$ 19,912,826

PEO Actually Paid Compensation Amount

$ 31,011,148

28,995,124

38,631,080

48,000,087

Adjustment To PEO Compensation, Footnote

(3)


							Exclusion of
	Summary		Exclusion of		Inclusion of		Stock Awards
	Compensation		Change in		Pension Service		and Option		Inclusion of		Compensation
Fiscal	Table Total for		Pension Value for		Cost for		Awards for		Equity Values for		Actually Paid to
Year	John C. May⁽¹⁾ ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)
2024	$	27,801,672	$	(1,698,832)	$	332,987	$	(17,491,573)	$	22,066,894	$	31,011,148
2023	$	26,722,519	$	(436,715)	$	313,488	$	(18,180,007)	$	20,575,839	$	28,995,124
2022	$	20,300,151	$	—	$	413,778	$	(11,234,238)	$	29,151,389	$	38,631,080
2021	$	19,912,826	$	(741,736)	$	384,230	$	(9,290,187)	$	37,734,954	$	48,000,087

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


	Inclusion of
	Year-End				Inclusion of
	Fair Value of				Vesting Date		Inclusion of		Exclusion of Prior
	Equity Awards		Inclusion of		Fair Value of		Change in Fair		Year-End Fair
	Granted During		Change in		Equity Awards		Value of Equity		Value of Equity		Inclusion of
	the Year That		Fair Value from		Granted During		Awards Granted		Awards Granted		Dividends or Other
	Remained		Last Day of Prior		the Year that		in Prior Years		in Prior Years		Earnings Paid on
	Unvested at		Year to		Vested During		that Vested in		that Failed to Vest		Equity Awards Not		Total - Inclusion
	Applicable		Applicable		the Applicable		the Applicable		in the Applicable		Otherwise		of Equity
Fiscal	Year-End for		Year-End for		Year for		Year for		Year for		Included for		Values for
Year	John C. May⁽¹⁾ ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)		John C. May ($)
2024	$	20,759,326	$	1,623,711	$	—	$	(316,143)	$	—	$	—	$	22,066,894
2023	$	21,044,235	$	(3,635,148)	$	—	$	3,166,752	$	—	$	—	$	20,575,839
2022	$	19,417,988	$	8,756,697	$	—	$	976,704	$	—	$	—	$	29,151,389
2021	$	19,345,052	$	17,530,496	$	—	$	859,406	$	—	$	—	$	37,734,954

Please note that any columns included in the inclusion of Equity Values tables that contain a “—” did not have an amount in that category for that year.

Non-PEO NEO Average Total Compensation Amount

$ 7,574,559

7,763,381

5,243,700

6,571,828

Non-PEO NEO Average Compensation Actually Paid Amount

$ 8,156,223

8,503,136

8,863,842

15,050,369

Adjustment to Non-PEO NEO Compensation Footnote

(3)


	Average						Exclusion of
	Summary		Exclusion of		Inclusion of		Average Stock		Inclusion of		Average
	Compensation		Average Change in		Average Pension		Awards and Option		Average Equity		Compensation
Fiscal	Table Total for		Pension Value for		Service cost for		Awards for		Values for		Actually Paid to
Year	Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)
2024	$	7,574,559	$	(557,690)	$	139,750	$	(4,077,272)	$	5,076,876	$	8,156,223
2023	$	7,763,381	$	(83,812)	$	86,951	$	(4,788,595)	$	5,525,211	$	8,503,136
2022	$	5,243,700	$	—	$	189,347	$	(1,924,893)	$	5,355,688	$	8,863,842
2021	$	6,571,828	$	(339,277)	$	232,162	$	(2,121,595)	$	10,707,251	$	15,050,369

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


	Inclusion of
	Average Year-End				Inclusion of				Exclusion of
	Fair Value of				Average Vesting		Inclusion of		Average Prior
	Equity Awards		Inclusion of		Date Fair Value		Average Change in		Year-End Fair		Inclusion of
	Granted During		Average Change in		of Equity Awards		Fair Value of		Value of Equity		Average Dividends
	the Year That		Fair Value from		Granted During		Equity Awards		Awards Granted		or Other Earnings
	Remained		Last Day of Prior		the Year that		Granted in Prior		in Prior Years		Paid on Equity
	Unvested at		Year to		Vested During		Years that Vested		that Failed to Vest		Awards Not		Total - Average
	Applicable		Applicable		the Applicable		in the Applicable		in the Applicable		Otherwise		Inclusion of
Fiscal	Year-End for		Year-End for		Year for		Year for		Year for		Included for		Equity Values for
Year	Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)		Non-PEO NEOs ($)
2024	$	4,838,984	$	292,648	$	—	$	(54,756)	$	—	$	—	$	5,076,876
2023	$	5,552,601	$	(430,014)	$	—	$	402,624	$	—	$	—	$	5,525,211
2022	$	3,292,511	$	1,744,493	$	—	$	318,684	$	—	$	—	$	5,355,688
2021	$	4,330,904	$	5,892,939	$	—	$	483,408	$	—	$	—	$	10,707,251

Please note that any columns included in the inclusion of Equity Values tables that contain a “—” did not have an amount in that category for that year.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid, Company TSR, AND PEER GROUP TSR

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR as well as the cumulative TSR of the S&P Industrials Index over the four most recently completed fiscal years:

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years:

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Company-Selected Measure

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Company-Selected Measure during the four most recently completed fiscal years:

Total Shareholder Return Vs Peer Group

Compensation Actually Paid, Company TSR, AND PEER GROUP TSR

Tabular List, Table

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2024 to Company performance. The measures in this table are not ranked.

Operating Return on Operating Assets (OROA)

Operating Return on Sales (OROS)

Shareholder Value Added (SVA)

Relative Total Shareholder Return (TSR)

Relative Revenue Growth

Return on Equity (ROE)

Total Shareholder Return Amount

$ 189.96

165.72

179.84

153.17

Peer Group Total Shareholder Return Amount

190.66

133.62

128.81

139.83

Net Income (Loss)

$ 7,088,000,000

$ 10,155,000,000

$ 7,130,000,000

$ 5,965,000,000

Company Selected Measure Amount | item

35.9

52.5

39.8

38.1

PEO Name

Mr. May

Measure:: 1

Non-GAAP Measure Description

Operating Return on Operating Assets (OROA)

(6)

Measure:: 2

Operating Return on Sales (OROS)

Measure:: 3

Shareholder Value Added (SVA)

Measure:: 4

Relative Total Shareholder Return (TSR)

Measure:: 5

Relative Revenue Growth

Measure:: 6

PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Return on Equity (ROE)

PEO | Pension Adjustments Service Cost

$ (1,698,832)

$ (436,715)

$ (741,736)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

332,987

313,488

$ 413,778

384,230

PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

22,066,894

20,575,839

29,151,389

37,734,954

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

(17,491,573)

(18,180,007)

(11,234,238)

(9,290,187)

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

20,759,326

21,044,235

19,417,988

19,345,052

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

1,623,711

(3,635,148)

8,756,697

17,530,496

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

(316,143)

3,166,752

976,704

859,406

Non-PEO NEO | Pension Adjustments Service Cost

(557,690)

(83,812)

(339,277)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

139,750

86,951

189,347

232,162

Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

5,076,876

5,525,211

5,355,688

10,707,251

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

(4,077,272)

(4,788,595)

(1,924,893)

(2,121,595)

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

4,838,984

5,552,601

3,292,511

4,330,904

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

292,648

(430,014)

1,744,493

5,892,939

Award Timing Disclosures [Line Items]

$ (54,756)

$ 402,624

$ 318,684

$ 483,408

Award Timing Disclosure

12 Months Ended

Oct. 27, 2024

Dec. 13, 2023

USD ($)

$ / shares

Award Timing MNPI Disclosure

OPTION AWARD DISCLOSURE

We provide the following discussion of the timing of option awards in relation to the disclosure of material nonpublic information, as required by Item 402(x) of Regulation S-K. The Company’s long-standing practice has been to grant LTI equity awards on a predetermined schedule. At the first quarterly meeting of any new fiscal year, the Committee or, with respect to the CEO’s equity award, the Board, reviews and approves the value and amount of the equity compensation to be awarded (inclusive of RSUs, PSUs, and stock options) to executive officers. The grant of approved equity awards then occurs a week after the Board’s first quarterly meeting. The first quarterly meeting of the Board typically occurs after the Company’s release of the financial results for the prior fiscal year through the filing of a Current Report on Form 8-K and accompanying earnings release and earnings call, but before the filing of the Company’s Annual Report on Form 10-K for that fiscal year.

The Committee does not take material nonpublic information into account when determining the timing and terms of LTI equity awards. Instead, the timing of grants is in accordance with the yearly compensation cycle, with awards granted at the start of the new fiscal year to incentivize the executives to deliver on the Company’s strategic objectives for the new fiscal year.

The Company has not timed the disclosure of material nonpublic information to affect the value of executive compensation. Any coordination between a grant and the release of information that could be expected to affect such grant’s value is precluded by the predetermined schedule. Over the last three years, the average percentage change in the value of the Company’s common stock from the last trading day before the filing of the Company’s Annual Report on Form 10-K to the trading day immediately following such filing is 0.91%, demonstrating that the release of the Company’s Annual Report on Form 10-K, and any material nonpublic information contained therein, does not meaningfully influence the Company’s stock price, and by extension, the value of stock options or other LTI equity awards at the time of grant.

The following table contains information required by Item 402(x)(2) of Regulation S-K about stock options granted to the Company’s NEOs in the last completed fiscal year during the period from four business days before to one business day after the filing of the Company’s Annual Report on Form 10-K. The Company did not grant any stock options to NEOs of the Company in the last completed fiscal year during the period from four business days before to one business day after the filing of any of the Company’s Quarterly Reports on Form 10-Q, or the filing or furnishing of any Current Report on Form 8-K that discloses material nonpublic information.


									Percentage Change in the Closing Market Price
									of the Securities Underlying the Award
									Between the Trading Day Ending Immediately
									Prior to the Disclosure of Material Nonpublic
									Information and the Trading Day Beginning
			Number of Securities		Exercise Price		Grant Date Fair Value		Immediately Following the Disclosure of
Name	Grant Date		Underlying the Award		of the Award ($/sh)		of the Award		Material Nonpublic Information
John C. May		12/13/2023		45,278	$	377.01	$	4,439,055	(1.48)	%
Joshua A. Jepsen		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Ryan D. Campbell		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Rajesh Kalathur		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Cory J. Reed		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%

Awards Close in Time to MNPI Disclosures, Table


									Percentage Change in the Closing Market Price
									of the Securities Underlying the Award
									Between the Trading Day Ending Immediately
									Prior to the Disclosure of Material Nonpublic
									Information and the Trading Day Beginning
			Number of Securities		Exercise Price		Grant Date Fair Value		Immediately Following the Disclosure of
Name	Grant Date		Underlying the Award		of the Award ($/sh)		of the Award		Material Nonpublic Information
John C. May		12/13/2023		45,278	$	377.01	$	4,439,055	(1.48)	%
Joshua A. Jepsen		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Ryan D. Campbell		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Rajesh Kalathur		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%
Cory J. Reed		12/13/2023		10,554	$	377.01	$	1,034,714	(1.48)	%

John C. May | Employee Stock Option

John C. May

45,278

$ 377.01

$ 4,439,055

Joshua A. Jepsen | Employee Stock Option

(1.48)

Joshua A. Jepsen

10,554

$ 377.01

$ 1,034,714

Ryan D. Campbell | Employee Stock Option

(1.48)

Ryan D. Campbell

10,554

$ 377.01

$ 1,034,714

Rajesh Kalathur | Employee Stock Option

(1.48)

Rajesh Kalathur

10,554

$ 377.01

$ 1,034,714

Cory J. Reed | Employee Stock Option

(1.48)

Cory J. Reed

10,554

$ 377.01

$ 1,034,714