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CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jul. 30, 2023
Oct. 30, 2022
Assets    
Cash and Cash Equivalents $ 669,124 $ 982,107
Short-term Marketable Securities 17,423 16,149
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,561 at July 30, 2023, and $3,507 at October 30, 2022) 786,246 867,593
Inventories 1,737,865 1,716,059
Taxes Receivable 7,498 7,177
Prepaid Expenses and Other Current Assets 36,613 48,041
Total Current Assets 3,254,770 3,637,125
Goodwill 4,931,590 4,925,829
Other Intangibles 1,790,761 1,803,027
Pension Assets 235,943 245,566
Investments in Affiliates 743,474 271,058
Other Assets 338,741 283,169
Property, Plant, and Equipment    
Land 72,648 74,303
Buildings 1,426,048 1,398,255
Equipment 2,717,472 2,636,660
Construction in Progress 216,478 216,246
Less: Allowance for Depreciation (2,301,168) (2,184,319)
Net Property, Plant, and Equipment 2,131,479 2,141,146
Total Assets 13,426,757 13,306,919
Liabilities and Shareholders' Investment    
Accounts Payable 703,407 816,604
Accrued Expenses 119,464 58,801
Accrued Marketing Expenses 100,974 113,105
Employee Related Expenses 241,879 279,072
Interest and Dividends Payable 158,335 163,963
Taxes Payable 49,583 32,925
Current Maturities of Long-term Debt 946,981 8,796
Total Current Liabilities 2,320,622 1,473,266
Long-term Debt Less Current Maturities 2,360,380 3,290,549
Pension and Post-retirement Benefits 396,297 385,832
Deferred Income Taxes 467,827 475,212
Other Long-term Liabilities 163,768 141,840
Shareholders' Investment    
Preferred Stock 0 0
Additional Paid-in Capital 499,304 469,468
Accumulated Other Comprehensive Loss (241,610) (255,561)
Retained Earnings 7,447,567 7,313,374
Hormel Foods Corporation Shareholders' Investment 7,713,265 7,535,284
Noncontrolling Interest 4,598 4,936
Total Shareholders' Investment 7,717,863 7,540,219
Total Liabilities and Shareholders' Investment 13,426,757 13,306,919
Common Stock, Non-voting    
Shareholders' Investment    
Common Stock 0 0
Common Stock    
Shareholders' Investment    
Common Stock $ 8,005 $ 8,002