CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 30, 2022
Assets
Cash and Cash Equivalents	$ 580,496	$ 982,107
Short-term Marketable Securities	17,531	16,149
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,565 at April 30, 2023, and $3,507 at October 30, 2022)	761,898	867,593
Inventories	1,745,793	1,716,059
Taxes Receivable	7,230	7,177
Prepaid Expenses and Other Current Assets	49,649	48,041
Total Current Assets	3,162,596	3,637,125
Goodwill	4,929,881	4,925,829
Other Intangibles	1,794,668	1,803,027
Pension Assets	239,151	245,566
Investments in Affiliates	742,290	271,058
Other Assets	328,010	283,169
Property, Plant, and Equipment
Land	73,510	74,303
Buildings	1,420,419	1,398,255
Equipment	2,681,525	2,636,660
Construction in Progress	200,898	216,246
Less: Allowance for Depreciation	(2,257,203)	(2,184,319)
Net Property, Plant, and Equipment	2,119,149	2,141,146
Total Assets	13,315,745	13,306,919
Liabilities and Shareholders' Investment
Accounts Payable and Accrued Expenses	750,295	875,405
Accrued Marketing Expenses	97,665	113,105
Employee Related Expenses	228,675	279,072
Interest and Dividends Payable	172,198	163,963
Taxes Payable	47,434	32,925
Current Maturities of Long-term Debt	8,956	8,796
Total Current Liabilities	1,305,223	1,473,266
Long-term Debt Less Current Maturities	3,294,438	3,290,549
Pension and Post-retirement Benefits	392,914	385,832
Deferred Income Taxes	466,135	475,212
Other Long-term Liabilities	165,421	141,840
Shareholders' Investment
Preferred Stock	0	0
Additional Paid-in Capital	488,100	469,468
Accumulated Other Comprehensive Loss	(244,887)	(255,561)
Retained Earnings	7,435,292	7,313,374
Hormel Foods Corporation Shareholders' Investment	7,686,507	7,535,284
Noncontrolling Interest	5,108	4,936
Total Shareholders' Investment	7,691,615	7,540,219
Total Liabilities and Shareholders' Investment	13,315,745	13,306,919
Common Stock Non-Voting
Shareholders' Investment
Common Stock	0	0
Common Stock
Shareholders' Investment
Common Stock	$ 8,002	$ 8,002