CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands |
Jan. 29, 2017 |
Oct. 30, 2016 |
| CURRENT ASSETS |
|
|
| Cash and cash equivalents |
$ 609,821
|
$ 415,143
|
| Accounts receivable |
530,851
|
591,310
|
| Inventories |
958,130
|
985,683
|
| Income taxes receivable |
|
18,282
|
| Prepaid expenses |
15,356
|
13,775
|
| Other current assets |
5,428
|
5,719
|
| TOTAL CURRENT ASSETS |
2,119,586
|
2,029,912
|
| DEFERRED INCOME TAXES |
|
6,223
|
| GOODWILL |
1,822,671
|
1,834,497
|
| OTHER INTANGIBLES |
886,797
|
903,258
|
| PENSION ASSETS |
73,535
|
68,901
|
| INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES |
243,868
|
239,590
|
| OTHER ASSETS |
184,666
|
182,237
|
| PROPERTY, PLANT AND EQUIPMENT |
|
|
| Land |
46,472
|
67,557
|
| Buildings |
734,119
|
805,858
|
| Equipment |
1,587,599
|
1,675,549
|
| Construction in progress |
189,657
|
218,351
|
| Property, Plant and Equipment, Gross |
2,557,847
|
2,767,315
|
| Less: Allowance for depreciation |
(1,522,572)
|
(1,661,866)
|
| Property, Plant and Equipment, Net |
1,035,275
|
1,105,449
|
| TOTAL ASSETS |
6,366,398
|
6,370,067
|
| CURRENT LIABILITIES |
|
|
| Accounts payable |
387,711
|
481,826
|
| Accrued expenses |
65,306
|
82,145
|
| Accrued workers compensation |
25,224
|
36,612
|
| Accrued marketing expenses |
128,703
|
119,583
|
| Employee related expenses |
154,826
|
251,433
|
| Taxes payable |
65,016
|
4,331
|
| Interest and dividends payable |
92,976
|
77,266
|
| TOTAL CURRENT LIABILITIES |
919,762
|
1,053,196
|
| LONG-TERM DEBT-less current maturities |
250,000
|
250,000
|
| PENSION AND POST-RETIREMENT BENEFITS |
524,752
|
522,356
|
| OTHER LONG-TERM LIABILITIES |
90,351
|
93,109
|
| DEFERRED INCOME TAXES |
6,236
|
|
| SHAREHOLDERS' INVESTMENT |
|
|
| Preferred stock, par value $.01 a share - authorized 160,000,000 shares; issued - none |
|
|
| Accumulated other comprehensive loss |
(302,140)
|
(296,303)
|
| Retained earnings |
4,866,374
|
4,736,567
|
| HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT |
4,571,981
|
4,448,006
|
| NONCONTROLLING INTEREST |
3,316
|
3,400
|
| TOTAL SHAREHOLDERS' INVESTMENT |
4,575,297
|
4,451,406
|
| TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT |
6,366,398
|
6,370,067
|
| Common stock, non-voting |
|
|
| SHAREHOLDERS' INVESTMENT |
|
|
| Common stock |
|
|
| Common Stock |
|
|
| SHAREHOLDERS' INVESTMENT |
|
|
| Common stock |
$ 7,747
|
$ 7,742
|