COMPREHENSIVE INCOME

6 Months Ended

Apr. 29, 2012

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

NOTE FCOMPREHENSIVE INCOME

Components of comprehensive income, net of taxes, are:

	Three Months Ended				Six Months Ended
(in thousands)	April 29, 2012		May 1, 2011		April 29, 2012		May 1, 2011
Net earnings	$	128,935	$	110,702	$	258,268	$	260,737
Other comprehensive (loss) income:
Deferred (loss) gain on hedging	(3,046)		13,105		(7,557)		25,286
Reclassification adjustment into net earnings	(2,336)		(5,729)		(9,116)		(8,994)
Foreign currency translation	531		2,207		1,124		2,337
Pension and post-retirement benefits	2,688		3,151		3,569		8,301
Other comprehensive (loss) income	(2,163)		12,734		(11,980)		26,930
Total comprehensive income	126,772		123,436		246,288		287,667
Comprehensive income attributable to noncontrolling interest	1,078		1,162		2,052		2,451
Comprehensive income attributable to Hormel Foods Corporation	$	125,694	$	122,274	$	244,236	$	285,216

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

(in thousands)	April 29, 2012			October 30, 2011
Foreign currency translation	$	10,750		$	9,692
Pension & other benefits	(198,614		)	(202,183		)
Deferred gain on hedging	335			17,008
Accumulated other comprehensive loss	$	(187,529	)	$	(175,483	)