CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Apr. 28, 2024	Oct. 29, 2023
Assets
Cash and Cash Equivalents	$ 1,486,368	$ 736,532
Short-term Marketable Securities	23,074	16,664
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,691 at April 28, 2024, and $3,557 at October 29, 2023)	731,984	817,391
Inventories	1,673,500	1,680,406
Prepaid Expenses and Other Current Assets	61,592	46,256
Total Current Assets	3,976,519	3,297,249
Goodwill	4,929,034	4,928,464
Other Intangibles	1,748,778	1,757,171
Pension Assets	195,530	204,697
Investments in Affiliates	710,029	725,121
Other Assets	412,359	370,252
Property, Plant, and Equipment
Land	74,760	74,626
Buildings	1,469,520	1,458,354
Equipment	2,801,333	2,781,730
Construction in Progress	241,749	195,665
Less: Allowance for Depreciation	(2,424,237)	(2,344,557)
Net Property, Plant, and Equipment	2,163,124	2,165,818
Total Assets	14,135,373	13,448,772
Liabilities and Shareholders’ Investment
Accounts Payable	691,498	771,397
Accrued Expenses	66,235	51,679
Accrued Marketing Expenses	117,731	87,452
Employee-related Expenses	238,709	263,330
Interest and Dividends Payable	179,773	172,178
Taxes Payable	53,573	15,212
Current Maturities of Long-term Debt	957,292	950,529
Total Current Liabilities	2,304,811	2,311,776
Long-term Debt Less Current Maturities	2,852,604	2,358,719
Pension and Post-retirement Benefits	356,048	349,268
Deferred Income Taxes	504,907	498,106
Other Long-term Liabilities	220,551	191,917
Shareholders’ Investment
Preferred Stock	0	0
Additional Paid-in Capital	549,130	506,179
Accumulated Other Comprehensive Loss	(262,325)	(272,252)
Retained Earnings	7,591,157	7,492,952
Hormel Foods Corporation Shareholders’ Investment	7,885,990	7,734,885
Noncontrolling Interest	10,462	4,100
Total Shareholders’ Investment	7,896,452	7,738,985
Total Liabilities and Shareholders’ Investment	14,135,373	13,448,772
Common Stock, Nonvoting
Shareholders’ Investment
Common Stock	0	0
Common Stock
Shareholders’ Investment
Common Stock	$ 8,028	$ 8,007