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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $)
In Thousands
May 01, 2011
Oct. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 913,704 $ 467,845
Short-term marketable securities 51,002 50,595
Accounts receivable 405,792 430,939
Inventories 810,388 793,771
Income taxes receivable 4,187 8,525
Deferred income taxes 71,438 70,703
Prepaid expenses 12,756 12,153
Other current assets 17,937 23,635
TOTAL CURRENT ASSETS 2,287,204 1,858,166
DEFERRED INCOME TAXES 53,534 72,426
GOODWILL 630,707 629,023
OTHER INTANGIBLES 136,603 141,522
PENSION ASSETS 64,128 61,272
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 222,817 214,389
OTHER ASSETS 150,903 155,017
PROPERTY, PLANT AND EQUIPMENT    
Land 55,647 54,017
Buildings 738,892 729,718
Equipment 1,373,275 1,358,237
Construction in progress 43,971 45,283
PROPERTY, PLANT AND EQUIPMENT, GROSS 2,211,785 2,187,255
Less allowance for depreciation (1,306,264) (1,265,152)
PROPERTY, PLANT AND EQUIPMENT, NET 905,521 922,103
TOTAL ASSETS 4,451,417 4,053,918
CURRENT LIABILITIES    
Accounts payable 277,116 361,287
Accrued expenses 45,559 46,408
Accrued workers compensation 33,709 33,022
Accrued marketing expenses 89,947 76,552
Employee related expenses 156,962 187,116
Taxes payable 8,587 9,339
Interest and dividends payable 44,056 37,489
Current maturities of long-term debt 350,000 350,000
TOTAL CURRENT LIABILITIES 1,005,936 1,101,213
LONG-TERM DEBT, LESS CURRENT MATURITIES 250,000  
PENSION AND POST-RETIREMENT BENEFITS 457,057 454,998
OTHER LONG-TERM LIABILITIES 95,176 91,068
SHAREHOLDERS' INVESTMENT    
Preferred stock, par value $.01 a share-authorized 160,000,000 shares; issued-none    
Additional paid-in capital 19,963 0
Accumulated other comprehensive loss (149,099) (175,910)
Retained earnings 2,759,116 2,568,774
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 2,637,815 2,400,657
NONCONTROLLING INTEREST 5,433 5,982
TOTAL SHAREHOLDERS' INVESTMENT 2,643,248 2,406,639
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 4,451,417 4,053,918
Common stock, non-voting
   
SHAREHOLDERS' INVESTMENT    
Common stock    
Common stock.
   
SHAREHOLDERS' INVESTMENT    
Common stock $ 7,835 $ 7,793