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Goodwill and Intangible Assets
12 Months Ended
Oct. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets

Goodwill: The changes in the carrying amount of goodwill for the fiscal years ended October 30, 2022, and October 31, 2021, are:
In thousandsGrocery
Products
Refrigerated
Foods
Jennie-O
Turkey Store
International
& Other
Total
Balance at October 25, 2020
$632,301 $1,607,005 $176,628 $196,793 $2,612,727 
Goodwill Acquired1,766,053 487,416 — 59,595 2,313,064 
Foreign Currency Translation— — — 3,311 3,311 
Balance at October 31, 2021
$2,398,354 $2,094,421 $176,628 $259,699 $4,929,102 
Foreign Currency Translation   (3,273)(3,273)
Balance at October 30, 2022
$2,398,354 $2,094,421 $176,628 $256,427 $4,925,829 

The increase in goodwill during fiscal 2021 reflects the acquisition of the Planters® snack nuts business. See Note B - Acquisitions and Divestitures for additional information.

Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
October 30,October 31,
In thousands20222021
Brands/Tradenames/Trademarks$1,665,190 $1,665,190 
Other Intangibles184 184 
Foreign Currency Translation(6,599)(6,646)
Total$1,658,775 $1,658,728 

The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
October 30, 2022October 31, 2021
GrossGross
CarryingAccumulatedCarryingAccumulated
In thousandsAmountAmortizationAmountAmortization
Customer Lists/Relationships$168,239 $(69,779)$168,239 $(56,882)
Other Intangibles59,241 (11,606)60,241 (8,356)
Tradenames/Trademarks10,536 (7,828)10,536 (5,700)
Foreign Currency Translation (4,551)— (4,534)
Total$238,016 $(93,764)$239,016 $(75,471)

Amortization expense for the last three fiscal years was:
In thousands 
2022$19,274 
202117,518 
202014,251 

Estimated annual amortization expense for the five fiscal years after October 30, 2022, is as follows:
In thousands 
2023$18,320 
202416,331 
202514,628 
202614,172 
202713,940 
 
During the fourth quarter of fiscal years 2022, 2021, and 2020, the Company completed the required annual impairment tests of indefinite-lived intangible assets and goodwill. No impairment was indicated. Useful lives of intangible assets were also reviewed during this process with no material changes identified.