GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Jan. 25, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE C - GOODWILL AND INTANGIBLE ASSETS

Goodwill: The change in the carrying amount of goodwill for the quarter ended January 25, 2026, is:


In thousands	Retail		Foodservice		International		Total





Balance at October 26, 2025	$	2,916,796	$	1,748,355	$	258,936	$	4,924,087
Goodwill Sold(1)	(33,570)		(1,330)		—		(34,900)
Foreign Currency Translation	—		—		(655)		(655)
Balance at January 25, 2026	$	2,883,226	$	1,747,025	$	258,281	$	4,888,532

(1) Goodwill sold during fiscal 2026 was due to the sale of the Company's controlling equity interest in Justin's, LLC. See Note B - Acquisitions and Divestitures for additional information.

Intangible Assets: The Company's intangible assets by type are:


	January 25, 2026						October 26, 2025
In thousands	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived Intangible Assets
Customer Relationships	$	107,648	$	(57,026)	$	50,622	$	134,328	$	(78,565)	$	55,763
Other Definite-lived Intangibles	59,095		(25,330)		33,764		59,445		(24,620)		34,824
Trade Names/Trademarks	—		—		—		6,210		(6,210)		—
Foreign Currency Translation	—		(2,885)		(2,885)		—		(4,476)		(4,476)
Total Definite-lived Intangible Assets	$	166,742	$	(85,241)	$	81,501	$	199,982	$	(113,872)	$	86,111
Indefinite-lived Intangible Assets
Brands/Trade Names/Trademarks(1)					$	1,513,306					$	1,567,623
Foreign Currency Translation					(6,703)						(6,437)
Total Indefinite-lived Intangible Assets					1,506,603						1,561,186
Total Intangible Assets					$	1,588,104					$	1,647,297

(1) Includes the removal of a $54.3 million indefinite‑lived trade name following the sale of the Company's controlling equity interest in Justin's, LLC. See Note B - Acquisitions and Divestitures for additional information.

Amortization expense on intangible assets is as follows:


	Quarter Ended
In thousands	January 25, 2026		January 26, 2025
Amortization Expense	$	3,070	$	3,830

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


In thousands	Amortization Expense
2026	$	12,042
2027	11,685
2028	10,773
2029	9,511
2030	9,326