Consolidated Statements of Financial Position - USD ($) $ in Thousands	Oct. 30, 2022	Oct. 31, 2021
Assets
Cash and Cash Equivalents	$ 982,107	$ 613,530
Short-term Marketable Securities	16,149	21,162
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,507 at October 30, 2022, and $4,033 at October 31, 2021)	867,593	895,719
Inventories	1,716,059	1,369,198
Taxes Receivable	7,177	8,293
Prepaid Expenses and Other Current Assets	48,041	39,914
Total Current Assets	3,637,125	2,947,816
Goodwill	4,925,829	4,929,102
Other Intangibles	1,803,027	1,822,273
Pension Assets	245,566	289,096
Investments In and Receivables from Affiliates	271,058	299,019
Other Assets	283,169	299,907
Property, Plant, and Equipment
Land	74,303	72,133
Buildings	1,398,255	1,332,881
Equipment	2,636,660	2,415,063
Construction in Progress	216,246	316,455
Less: Allowance for Depreciation	(2,184,319)	(2,027,414)
Net Property, Plant, and Equipment	2,141,146	2,109,117
Total Assets	13,306,919	12,696,329
Liabilities and Shareholders’ Investment
Accounts Payable	816,604	793,310
Accrued Expenses	58,801	51,192
Accrued Marketing Expenses	113,105	114,746
Employee Related Expenses	279,072	269,327
Interest and Dividends Payable	163,963	154,803
Taxes Payable	32,925	23,520
Current Maturities of Long-term Debt	8,796	8,756
Total Current Liabilities	1,473,266	1,415,654
Long-term Debt Less Current Maturities	3,290,549	3,315,147
Pension and Post-retirement Benefits	385,832	546,362
Deferred Income Taxes	475,212	278,183
Other Long-term Liabilities	141,840	162,623
Shareholders’ Investment
Preferred Stock, Par Value $0.01 a Share — Authorized 160,000,000 Shares; Issued — None	0	0
Additional Paid-in Capital	469,468	360,336
Accumulated Other Comprehensive Loss	(255,561)	(277,269)
Retained Earnings	7,313,374	6,881,870
Hormel Foods Corporation Shareholders’ Investment	7,535,284	6,972,883
Noncontrolling Interest	4,936	5,478
Total Shareholders’ Investment	7,540,219	6,978,360
Total Liabilities and Shareholders’ Investment	13,306,919	12,696,329
Common Stock, Non-Voting
Shareholders’ Investment
Common Stock	0	0
Common Stock
Shareholders’ Investment
Common Stock	$ 8,002	$ 7,946