GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Jan. 26, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

NOTE C - GOODWILL AND INTANGIBLE ASSETS

Goodwill: The change in the carrying amount of goodwill for the three months ended January 26, 2025, is:

In thousands	Retail		Foodservice		International		Total
Balance at October 27, 2024	$	2,916,796	$	1,748,355	$	258,336	$	4,923,487
Foreign Currency Translation	—		—		(6,612)		(6,612)
Balance at January 26, 2025	$	2,916,796	$	1,748,355	$	251,724	$	4,916,874

Intangible Assets: The intangible assets by type are:

	January 26, 2025						October 27, 2024
In thousands	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived Intangible Assets
Customer Relationships	$	143,139	$	(70,991)	$	72,148	$	168,239	$	(93,536)	$	74,703
Other Definite-lived Intangibles	59,241		(21,170)		38,071		59,241		(20,107)		39,134
Trade Names/Trademarks	6,210		(6,210)		—		6,210		(5,996)		214
Foreign Currency Translation	—		(4,588)		(4,588)		—		(4,458)		(4,458)
Total Definite-lived Intangible Assets	$	208,590	$	(102,959)	$	105,631	$	233,690	$	(124,097)	$	109,593
Indefinite-lived Intangible Assets
Brands/Trade Names/Trademarks					$	1,629,582					$	1,629,582
Other Indefinite-lived Intangibles					184						184
Foreign Currency Translation					(7,743)						(6,655)
Total Indefinite-lived Intangible Assets					1,622,024						1,623,112
Total Intangible Assets					$	1,727,655					$	1,732,705

Amortization expense on intangible assets is as follows:

	Quarter Ended
In thousands	January 26, 2025		January 28, 2024
Amortization Expense	$	3,830	$	4,463

Estimated annual amortization expense on intangible assets for the five fiscal years after October 27, 2024, is as follows:

In thousands	Amortization Expense
2025	$	14,624
2026	14,169
2027	13,927
2028	12,972
2029	11,504