COMPREHENSIVE INCOME

6 Months Ended

May 01, 2011

COMPREHENSIVE INCOME.

COMPREHENSIVE INCOME

NOTE F COMPREHENSIVE INCOME

Components of comprehensive income, net of taxes, are:

	Three Months Ended						Six Months Ended
	May 1, 2011			April 25, 2010			May 1, 2011			April 25, 2010
(in thousands)
Net earnings	$	110,702		$	78,535		$	260,737		$	190,804
Other comprehensive income (loss):
Deferred gain (loss) on hedging	13,105			(3,768		)	25,286			(10,597		)
Reclassification adjustment into net earnings	(5,729		)	3,890			(8,994		)	12,158
Foreign currency translation	2,207			1,675			2,337			2,822
Pension and post-retirement benefits	3,151			3,222			8,301			6,560
Other comprehensive income	12,734			5,019			26,930			10,943
Total comprehensive income	123,436			83,554			287,667			201,747
Comprehensive income attributable to noncontrolling interest	1,162			679			2,451			1,735
Comprehensive income attributable to Hormel Foods Corporation	$	122,274		$	82,875		$	285,216		$	200,012

The components of accumulated other comprehensive loss, net of tax, are as follows:

	May 1, 2011			October 31, 2010
(in thousands)
Foreign currency translation	$	11,067		$	8,849
Pension & other benefits	(196,942		)	(205,243		)
Deferred gain on hedging	36,776			20,484
Accumulated other comprehensive loss	$	(149,099	)	$	(175,910	)