Goodwill and Intangible Assets (Tables)

12 Months Ended

Oct. 26, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The change in the carrying amount of goodwill for the fiscal years ended October 26, 2025, and October 27, 2024, is:

In thousands	Retail		Foodservice		International		Total
Balance at October 29, 2023	$	2,916,796	$	1,750,594	$	261,074	$	4,928,464
Goodwill Sold	—		(2,239)		—		(2,239)
Foreign Currency Translation	—		—		(2,738)		(2,738)
Balance at October 27, 2024	$	2,916,796	$	1,748,355	$	258,336	$	4,923,487
Foreign Currency Translation	—		—		600		600
Balance at October 26, 2025	$	2,916,796	$	1,748,355	$	258,936	$	4,924,087

The goodwill sold during fiscal 2024 was due to the divestiture of Hormel Health Labs.

Schedule of finite lived and infinite lived intangible assets

The Company's intangible assets by type are:

	October 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	$	134,328	$	(78,565)	$	55,763	$	168,239	$	(93,536)	$	74,703
Other Definite-lived Intangibles	59,445		(24,620)		34,824		59,241		(20,107)		39,134
Trade Names/Trademarks	6,210		(6,210)		—		6,210		(5,996)		214
Foreign Currency Translation	—		(4,476)		(4,476)		—		(4,458)		(4,458)
Total Definite-lived Intangible Assets	$	199,982	$	(113,872)	$	86,111	$	233,690	$	(124,097)	$	109,593
Indefinite-lived Intangible Assets
Brands/Trade Names/Trademarks					$	1,567,623					$	1,629,582
Other Indefinite-lived Intangibles					—						184
Foreign Currency Translation					(6,437)						(6,655)
Total Indefinite-lived Intangible Assets					1,561,186						1,623,112
Total Intangible Assets					$	1,647,297					$	1,732,705

Schedule of amortization expense on intangible assets

Amortization expense on intangible assets for the last three fiscal years is as follows:

In thousands	Amortization Expense
2025	$	14,854
2024	16,366
2023	18,386

Schedule of estimated annual amortization expense on intangible assets

Estimated annual amortization expense on intangible assets for the five fiscal years after October 26, 2025, is as follows:

In thousands	Amortization Expense
2026	$	12,428
2027	12,140
2028	11,219
2029	9,751
2030	9,326