CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Apr. 29, 2018	Oct. 29, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 261,571	$ 444,122
Accounts receivable	551,392	618,351
Inventories	1,011,215	921,022
Income taxes receivable	2,930	22,346
Prepaid expenses	18,534	16,144
Other current assets	5,138	4,538
TOTAL CURRENT ASSETS	1,850,780	2,026,523
GOODWILL	2,731,956	2,119,813
OTHER INTANGIBLES	1,251,296	1,027,014
PENSION ASSETS	184,030	171,990
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES	265,579	242,369
OTHER ASSETS	192,255	184,948
PROPERTY, PLANT AND EQUIPMENT
Land	52,007	51,249
Buildings	900,139	866,855
Equipment	1,808,954	1,710,537
Construction in progress	226,119	148,064
Less: Allowance for depreciation	(1,633,366)	(1,573,454)
Net property, plant and equipment	1,353,853	1,203,251
TOTAL ASSETS	7,829,749	6,975,908
CURRENT LIABILITIES
Accounts payable	465,572	552,714
Short-term debt	185,000	0
Accrued expenses	62,635	76,966
Accrued workers compensation	25,702	26,585
Accrued marketing expenses	127,998	101,573
Employee related expenses	180,132	209,562
Taxes payable	1,432	525
Interest and dividends payable	99,990	90,287
TOTAL CURRENT LIABILITIES	1,148,461	1,058,212
LONG-TERM DEBT–less current maturities	624,763	250,000
PENSION AND POST-RETIREMENT BENEFITS	535,282	530,249
OTHER LONG-TERM LIABILITIES	104,185	99,340
DEFERRED INCOME TAXES	125,425	98,410
SHAREHOLDERS’ INVESTMENT
Preferred stock, par value $.01 a share - authorized 160,000,000 shares; issued - none
Additional paid-in capital	10,971	13,670
Accumulated other comprehensive loss	(235,753)	(248,075)
Retained earnings	5,504,221	5,162,571
HORMEL FOODS CORPORATION SHAREHOLDERS’ INVESTMENT	5,287,205	4,935,907
NONCONTROLLING INTEREST	4,428	3,790
TOTAL SHAREHOLDERS’ INVESTMENT	5,291,633	4,939,697
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	7,829,749	6,975,908
Common Stock, Non-voting
SHAREHOLDERS’ INVESTMENT
Common stock
Common Stock
SHAREHOLDERS’ INVESTMENT
Common stock	$ 7,766	$ 7,741

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.