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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Apr. 26, 2020
Oct. 27, 2019
Current Assets    
Cash and Cash Equivalents $ 606,073 $ 672,901
Short-term Marketable Securities 16,841 14,736
Accounts Receivable 536,009 574,396
Inventories 1,048,992 1,042,362
Income Taxes Receivable 342 19,924
Prepaid Expenses 24,229 22,637
Other Current Assets 16,410 14,457
Total Current Assets 2,248,896 2,361,413
Goodwill 2,682,839 2,481,645
Other Intangibles 1,023,936 1,033,862
Pension Assets 147,878 135,915
Investments In and Receivables From Affiliates 303,194 289,157
Other Assets 238,273 177,901
Property, Plant and Equipment    
Land 54,670 49,758
Buildings 1,152,119  
Buildings   1,083,902
Equipment 2,017,183  
Equipment   1,965,478
Construction in Progress 325,075 256,190
Less: Allowance for Depreciation (1,798,882)  
Less: Allowance for Depreciation   (1,726,217)
Net Property, Plant and Equipment 1,750,165  
Net Property, Plant and Equipment   1,629,111
Total Assets 8,395,181 8,109,004
Current Liabilities    
Accounts Payable 502,133 590,033
Accrued Expenses 67,481 62,031
Accrued Workers Compensation 25,339 24,272
Accrued Marketing Expenses 111,657 96,305
Employee Related Expenses 179,328 213,515
Taxes Payable 54,765 6,208
Interest and Dividends Payable 125,595 112,685
Current Maturities of Long-term Debt 258,295 0
Total Current Liabilities 1,324,595 1,105,049
Long-term Debt–Less Current Maturities 56,861 250,000
Pension and Post-retirement Benefits 542,753 536,490
Other Long-term Liabilities 139,517 115,356
Deferred Income Taxes 165,253 176,574
Shareholders' Investment    
Common stock, issued shares, value 7,896 7,830
Additional Paid-in Capital 265,128 184,921
Accumulated Other Comprehensive Loss (447,908) (399,500)
Retained Earnings 6,336,946 6,128,207
Hormel Foods Corporation Shareholders' Investment 6,162,061 5,921,458
Noncontrolling Interest 4,140 4,077
Total Shareholders' Investment 6,166,202 5,925,535
Total Liabilities and Shareholders' Investment $ 8,395,181 $ 8,109,004