CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jan. 26, 2025	Oct. 27, 2024
Assets
Cash and Cash Equivalents	$ 840,398	$ 741,881
Short-term Marketable Securities	26,016	24,742
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,703 at January 26, 2025, and $3,712 at October 27, 2024)	767,804	817,908
Inventories	1,516,716	1,576,300
Taxes Receivable	50,747	50,380
Prepaid Expenses and Other Current Assets	64,386	35,265
Total Current Assets	3,266,068	3,246,476
Goodwill	4,916,874	4,923,487
Intangible Assets	1,727,655	1,732,705
Pension Assets	201,350	205,964
Investments in Affiliates	710,433	719,481
Other Assets	406,315	411,889
Property, Plant, and Equipment
Land	73,291	75,159
Buildings	1,480,204	1,503,519
Equipment	2,900,493	2,905,058
Construction in Progress	270,214	228,726
Less: Allowance for Depreciation	(2,549,414)	(2,517,734)
Net Property, Plant, and Equipment	2,174,789	2,194,728
Total Assets	13,403,483	13,434,729
Liabilities and Shareholders’ Investment
Accounts Payable	709,190	735,604
Accrued Expenses	63,833	66,380
Accrued Marketing Expenses	138,674	108,156
Employee-related Expenses	230,037	283,490
Interest and Dividends Payable	173,889	175,941
Taxes Payable	8,999	21,916
Current Maturities of Long-term Debt	7,187	7,813
Total Current Liabilities	1,331,810	1,399,299
Long-term Debt Less Current Maturities	2,850,206	2,850,944
Pension and Post-retirement Benefits	382,022	379,891
Deferred Income Taxes	594,788	589,366
Other Long-term Liabilities	206,216	211,219
Shareholders’ Investment
Preferred Stock	0	0
Additional Paid-in Capital	602,887	571,178
Accumulated Other Comprehensive Loss	(271,263)	(263,331)
Retained Earnings	7,688,663	7,677,537
Hormel Foods Corporation Shareholders’ Investment	8,028,342	7,993,420
Noncontrolling Interest	10,101	10,590
Total Shareholders’ Investment	8,038,442	8,004,011
Total Liabilities and Shareholders’ Investment	13,403,483	13,434,729
Common Stock, Nonvoting
Shareholders’ Investment
Common Stock	0	0
Common Stock
Shareholders’ Investment
Common Stock	$ 8,054	$ 8,037