XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jan. 27, 2019
Oct. 28, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 512,689 $ 459,136
Accounts receivable 565,060 600,438
Inventories 994,428 963,527
Income taxes receivable 147 3,995
Prepaid expenses 23,601 16,342
Other current assets 4,761 6,662
TOTAL CURRENT ASSETS 2,100,686 2,050,100
GOODWILL 2,716,750 2,714,116
OTHER INTANGIBLES 1,204,991 1,207,219
PENSION ASSETS 200,448 195,153
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 277,837 273,153
OTHER ASSETS 171,005 189,951
PROPERTY, PLANT AND EQUIPMENT    
Land 49,162 50,332
Buildings 958,884 956,260
Equipment 1,819,284 1,863,020
Construction in progress 302,929 332,205
Less: Allowance for depreciation (1,646,578) (1,689,217)
Net property, plant and equipment 1,483,681 1,512,600
TOTAL ASSETS 8,155,398 8,142,292
CURRENT LIABILITIES    
Accounts payable 505,617 618,830
Accrued expenses 50,361 48,298
Accrued workers compensation 25,215 24,594
Accrued marketing expenses 139,338 118,887
Employee related expenses 160,242 224,736
Taxes payable 63,791 2,490
Interest and dividends payable 116,370 101,079
Current maturities of long-term debt 374,878 0
TOTAL CURRENT LIABILITIES 1,435,812 1,138,914
LONG-TERM DEBT–less current maturities 250,000 624,840
PENSION AND POST-RETIREMENT BENEFITS 484,004 477,557
OTHER LONG-TERM LIABILITIES 100,134 99,070
DEFERRED INCOME TAXES $ 179,669 $ 197,093
Preferred stock, issued shares (in shares) 0 0
SHAREHOLDERS’ INVESTMENT    
Additional paid-in capital $ 130,196  
Accumulated other comprehensive loss (292,342)  
Retained earnings 5,856,029  
HORMEL FOODS CORPORATION SHAREHOLDERS’ INVESTMENT 5,701,709 $ 5,600,811
NONCONTROLLING INTEREST 4,070  
TOTAL SHAREHOLDERS’ INVESTMENT 5,705,779 5,604,818
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT 8,155,398 8,142,292
Common Stock, Non-voting    
SHAREHOLDERS’ INVESTMENT    
Common stock, issued shares, value 0 $ 0
Common Stock    
SHAREHOLDERS’ INVESTMENT    
Common stock, issued shares, value $ 7,826