GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jul. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amounts of goodwill for the thirteen and thirty-nine weeks ended July 26, 2020, are:

(in thousands)	Grocery Products		Refrigerated Foods			Jennie-O Turkey Store		International & Other			Total
Balance at April 26, 2020	$	632,301	$	1,671,563		$	176,628	$	202,347		$	2,682,839
Purchase Adjustments	—		(64,558		)	—		—			(64,558		)
Foreign Currency Translation	—		—			—		(2,592		)	(2,592		)
Balance at July 26, 2020	$	632,301	$	1,607,005		$	176,628	$	199,756		$	2,615,690

(in thousands)	Grocery Products		Refrigerated Foods		Jennie-O Turkey Store		International & Other			Total
Balance at October 27, 2019	$	632,301	$	1,458,692	$	176,628	$	214,024		$	2,481,645
Goodwill Acquired	—		148,313		—		—			148,313
Foreign Currency Translation	—		—		—		(14,269		)	(14,269		)
Balance at July 26, 2020	$	632,301	$	1,607,005	$	176,628	$	199,756		$	2,615,690

Schedule of carrying amounts for indefinite-lived intangible assets

The carrying amounts for indefinite-lived intangible assets are:

(in thousands)	July 26, 2020			October 27, 2019
Brands/Tradenames/Trademarks	$	953,190		$	959,400
Other Intangibles	184			184
Foreign Currency Translation	(6,686		)	(3,803		)
Total	$	946,688		$	955,781

Schedule of gross carrying amount and accumulated amortization for definite-lived intangible assets

The gross carrying amount and accumulated amortization for definite-lived intangible assets are:

	July 26, 2020					October 27, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer Lists/Relationships	$	117,239	$	(43,692	)	$	113,739	$	(36,744	)
Tradenames/Trademarks	10,536		(2,982		)	4,326		(1,589		)
Other Intangibles	60,631		(3,185		)	2,631		(1,228		)
Foreign Currency Translation	—		(4,689		)	—		(3,054		)
Total	$	188,406	$	(54,548	)	$	120,696	$	(42,615	)

Schedule of estimated annual amortization expense

Estimated annual amortization expense for the five fiscal years after October 27, 2019, is:

(in thousands)
2020	$	14,572
2021	16,477
2022	16,037
2023	15,132
2024	13,314