GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Jul. 27, 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 nine months ended July 27, 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	—		—		(269)		(269)
Balance at July 27, 2025	$	2,916,796	$	1,748,355	$	258,067	$	4,923,218

Intangible Assets: The intangible assets by type are:

	July 27, 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	$	(76,047)	$	67,092	$	168,239	$	(93,536)	$	74,703
Other Definite-lived Intangibles	59,451		(23,505)		35,946		59,241		(20,107)		39,134
Trade Names/Trademarks	6,210		(6,210)		—		6,210		(5,996)		214
Foreign Currency Translation	—		(4,486)		(4,486)		—		(4,458)		(4,458)
Total Definite-lived Intangible Assets	$	208,800	$	(110,248)	$	98,552	$	233,690	$	(124,097)	$	109,593
Indefinite-lived Intangible Assets
Brands/Trade Names/Trademarks					$	1,629,563					$	1,629,582
Other Indefinite-lived Intangibles					—						184
Foreign Currency Translation					(6,628)						(6,655)
Total Indefinite-lived Intangible Assets					1,622,935						1,623,112
Total Intangible Assets					$	1,721,487					$	1,732,705

Amortization expense on intangible assets is as follows:

	Quarter Ended				Nine Months Ended
In thousands	July 27, 2025		July 28, 2024		July 27, 2025		July 28, 2024
Amortization Expense	$	3,797	$	3,968	$	11,215	$	12,409

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