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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jan. 24, 2021
Oct. 25, 2020
Current Assets    
Cash and Cash Equivalents $ 1,751,541 $ 1,714,309
Short-term Marketable Securities 17,520 17,338
Accounts Receivable (Net of Allowance for Doubtful Accounts of $4,085 at January 24, 2021, and $4,012 at October 25, 2020) 706,654 702,419
Inventories 1,086,660 1,072,762
Income Taxes Receivable 8,997 41,449
Prepaid Expenses 21,356 18,349
Other Current Assets 8,935 12,438
Total Current Assets 3,601,663 3,579,063
Goodwill 2,617,589 2,612,727
Other Intangibles 1,073,455 1,076,285
Pension Assets 189,852 183,232
Investments In and Receivables From Affiliates 304,867 308,372
Other Assets 272,239 250,382
Property, Plant and Equipment    
Land 62,561 62,543
Buildings 1,256,462 1,250,529
Equipment 2,093,204 2,084,930
Construction in Progress 389,477 369,453
Less: Allowance for Depreciation (1,903,438) (1,869,233)
Net Property, Plant and Equipment 1,898,265 1,898,222
Total Assets 9,957,932 9,908,282
Current Liabilities    
Accounts Payable 558,523 644,609
Accrued Expenses 50,901 59,136
Accrued Workers Compensation 28,643 25,070
Accrued Marketing Expenses 133,042 108,502
Employee Related Expenses 204,191 252,845
Taxes Payable 45,897 22,480
Interest and Dividends Payable 137,583 132,632
Current Maturities of Long-term Debt 258,690 258,691
Total Current Liabilities 1,417,469 1,503,965
Long-term Debt - Less Current Maturities 1,043,050 1,044,936
Pension and Post-retirement Benefits 555,220 552,878
Other Long-term Liabilities 161,988 157,399
Deferred Income Taxes 224,477 218,779
Shareholders' Investment    
Preferred Stock 0 0
Additional Paid-in Capital 298,988 289,554
Accumulated Other Comprehensive Loss (360,869) (395,250)
Retained Earnings 6,604,506 6,523,335
Hormel Foods Corporation Shareholders' Investment 6,550,532 6,425,548
Noncontrolling Interest 5,195 4,778
Total Shareholders' Investment 6,555,727 6,430,326
Total Liabilities and Shareholders' Investment 9,957,932 9,908,282
Common Stock Non-Voting    
Shareholders' Investment    
Common Stock 0 0
Common Stock    
Shareholders' Investment    
Common Stock $ 7,908 $ 7,909