COMPREHENSIVE INCOME

9 Months Ended

Jul. 29, 2012

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

NOTE F                COMPREHENSIVE INCOME

Components of comprehensive income, net of taxes, are:

	Three Months Ended				Nine Months Ended
(in thousands)	July 29, 2012		July 31, 2011		July 29, 2012		July 31, 2011
Net earnings	$	112,407	$	99,964	$	370,675	$	360,701
Other comprehensive income (loss):
Deferred gain on hedging	16,052		369		8,495		25,655
Reclassification adjustment into net earnings	(818)		(9,483)		(9,934)		(18,477)
Foreign currency translation	873		756		1,997		3,093
Pension and post-retirement benefits	2,538		2,962		6,107		11,263
Other comprehensive income (loss)	18,645		(5,396)		6,665		21,534
Total comprehensive income	131,052		94,568		377,340		382,235
Comprehensive income attributable to noncontrolling interest	1,252		1,542		3,304		3,993
Comprehensive income attributable to Hormel Foods Corporation	$	129,800	$	93,026	$	374,036	$	378,242

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

(in thousands)	July 29, 2012			October 30, 2011
Foreign currency translation	$	11,611		$	9,692
Pension & other benefits	(196,076		)	(202,183		)
Deferred gain on hedging	15,569			17,008
Accumulated other comprehensive loss	$	(168,896	)	$	(175,483	)