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CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jan. 28, 2024
Oct. 29, 2023
Assets    
Cash and Cash Equivalents $ 963,212 $ 736,532
Short-term Marketable Securities 18,712 16,664
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,651 at January 28, 2024, and $3,557 at October 29, 2023) 751,048 817,391
Inventories 1,578,191 1,680,406
Prepaid Expenses and Other Current Assets 56,001 46,256
Total Current Assets 3,367,164 3,297,249
Goodwill 4,931,257 4,928,464
Other Intangibles 1,753,156 1,757,171
Pension Assets 200,113 204,697
Investments in Affiliates 728,146 725,121
Other Assets 377,623 370,252
Property, Plant, and Equipment    
Land 75,000 74,626
Buildings 1,464,811 1,458,354
Equipment 2,781,258 2,781,730
Construction in Progress 215,086 195,665
Less: Allowance for Depreciation (2,380,631) (2,344,557)
Net Property, Plant, and Equipment 2,155,524 2,165,818
Total Assets 13,512,983 13,448,772
Liabilities and Shareholders’ Investment    
Accounts Payable and Accrued Expenses 744,116 823,076
Accrued Marketing Expenses 101,928 87,452
Employee-related Expenses 212,719 263,330
Interest and Dividends Payable 162,452 172,178
Taxes Payable 85,533 15,212
Current Maturities of Long-term Debt 954,031 950,529
Total Current Liabilities 2,260,779 2,311,776
Long-term Debt Less Current Maturities 2,357,176 2,358,719
Pension and Post-retirement Benefits 352,709 349,268
Deferred Income Taxes 500,581 498,106
Other Long-term Liabilities 193,172 191,917
Shareholders’ Investment    
Preferred Stock 0 0
Additional Paid-in Capital 529,715 506,179
Accumulated Other Comprehensive Loss (250,783) (272,252)
Retained Earnings 7,557,157 7,492,952
Hormel Foods Corporation Shareholders’ Investment 7,844,111 7,734,885
Noncontrolling Interest 4,455 4,100
Total Shareholders’ Investment 7,848,566 7,738,985
Total Liabilities and Shareholders’ Investment 13,512,983 13,448,772
Common Stock, Nonvoting    
Shareholders’ Investment    
Common Stock 0 0
Common Stock    
Shareholders’ Investment    
Common Stock $ 8,021 $ 8,007