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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Jul. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
NOTE B - GOODWILL AND INTANGIBLE ASSETS

Goodwill: In the first quarter of fiscal 2023, as a result of the organizational changes referenced in Note A - Summary of Significant Accounting Policies, the Company conducted an assessment of its operating segments and reporting units. Based on this analysis, goodwill was reallocated using the relative fair value approach. The change in the carrying amount of goodwill for the nine months ended July 30, 2023, is:
in thousandsRetailFoodserviceInternationalTotal
Balance at October 30, 2022
$2,916,796 $1,750,594 $258,440 $4,925,829 
Foreign Currency Translation— — 5,761 5,761 
Balance at July 30, 2023
$2,916,796 $1,750,594 $264,200 $4,931,590 

Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
in thousandsJuly 30, 2023October 30, 2022
Brands/Tradenames/Trademarks$1,665,190 $1,665,190 
Other Intangibles184 184 
Foreign Currency Translation(5,380)(6,599)
Total$1,659,994 $1,658,775 
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
 July 30, 2023October 30, 2022
in thousands
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Customer Lists/Relationships$168,239 $(79,450)$168,239 $(69,779)
Other Intangibles59,241 (14,794)59,241 (11,606)
Tradenames/Trademarks6,540 (4,779)10,536 (7,828)
Foreign Currency Translation— (4,229)— (4,551)
Total$234,020 $(103,252)$238,016 $(93,764)
 
Amortization expense is as follows:
 Quarter EndedNine Months Ended
in thousandsJuly 30, 2023July 31, 2022July 30, 2023July 31, 2022
Amortization Expense$4,605 $4,838 $13,806 $14,474 

Estimated annual amortization expense for the five fiscal years after October 30, 2022, is as follows:
in thousandsAmortization Expense
2023$18,320 
202416,331 
202514,628 
202614,172 
202713,940