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INVESTMENTS IN AFFILIATES
 6 Months Ended
Apr. 27, 2025
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN AFFILIATES
NOTE D - INVESTMENTS IN AFFILIATES

Equity in Earnings of Affiliates consists of:
 Quarter EndedSix Months Ended
In thousands
% OwnedApril 27, 2025April 28, 2024April 27, 2025April 28, 2024
MegaMex Foods, LLC(1)
50%$8,473 $8,288 $17,776 $16,379 
Other Equity Method Investments(2)
Various (25-45%)
6,877 6,894 13,685 14,894 
Total Equity in Earnings of Affiliates
$15,350 $15,182 $31,461 $31,273 
(1)    MegaMex Foods, LLC is reflected in the Retail segment.
(2)    Other Equity Method Investments are primarily reflected in the International segment but also include corporate venturing investments.

Distributions received from equity method investees consists of:
 Quarter EndedSix Months Ended
In thousands
April 27, 2025April 28, 2024April 27, 2025April 28, 2024
Dividends$6,250 $10,000 $26,144 $25,731 

The Company recognized basis differences of $324.8 million upon the purchase of a minority interest in PT Garudafood Putra Putri Jaya Tbk (Garudafood) and $21.3 million associated with the formation of MegaMex Foods, LLC. As of April 27, 2025, basis differences of $298.4 million, which includes the impact of foreign currency translation, and $8.0 million were remaining for Garudafood and MegaMex Foods, LLC, respectively. The basis differences associated with definite-lived assets are being amortized through Equity in Earnings of Affiliates over the associated useful lives. Based on quoted market prices, the fair value of the common stock held in Garudafood was $242.2 million as of April 25, 2025.