Goodwill and Intangible Assets (Tables)

12 Months Ended

Oct. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill for the fiscal years ended October 31, 2021, and October 25, 2020, are:

(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	—		—		—		(17,232)		(17,232)
Balance at October 25, 2020	$	632,301	$	1,607,005	$	176,628	$	196,793	$	2,612,727
Goodwill Acquired	1,766,053		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

Schedule of carrying amounts for indefinite-lived intangible assets

The carrying amounts for indefinite-lived intangible assets are:

	October 31,		October 25,
(in thousands)	2021		2020
Brands/Tradenames/Trademarks	$	1,665,190	$	953,190
Other Intangibles	184		184
Foreign Currency Translation	(6,646)		(6,923)
Total	$	1,658,728	$	946,452

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:

	October 31, 2021					October 25, 2020
	Gross				Weighted-	Gross				Weighted-
	Carrying		Accumulated		Avg Life	Carrying		Accumulated		Avg Life
(in thousands)	Amount		Amortization		(in Years)	Amount		Amortization		(in Years)
Customer Lists/Relationships	$	168,239	$	(56,882)	12.7	$	117,239	$	(45,996)	12.2
Other Intangibles	60,241		(8,356)		13.8	60,631		(4,298)		13.8
Tradenames/Trademarks	10,536		(5,700)		4.9	10,536		(3,518)		4.9
Foreign Currency Translation	—		(4,534)		—	—		(4,760)		—
Total	$	239,016	$	(75,471)	12.7	$	188,406	$	(58,572)	12.3

Schedule of amortization expense

Amortization expense for the last three fiscal years was:

(in thousands)
2021	$	17,518
2020	14,251
2019	11,586

Schedule of estimated annual amortization expense

Estimated annual amortization expense for the five fiscal years after October 31, 2021, is as follows: 

(in thousands)
2022	$	19,244
2023	18,351
2024	16,352
2025	14,627
2026	14,170