XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $)
In Thousands, unless otherwise specified
Apr. 28, 2013
Oct. 28, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 262,748 $ 682,388
Short-term marketable securities   77,387
Accounts receivable 462,239 507,041
Inventories 998,931 950,521
Income taxes receivable 17,181 16,460
Deferred income taxes 71,284 68,560
Prepaid expenses 12,037 12,772
Other current assets 7,920 5,555
TOTAL CURRENT ASSETS 1,832,340 2,320,684
DEFERRED INCOME TAXES 137,618 144,245
GOODWILL 932,114 630,875
OTHER INTANGIBLES 382,816 123,072
PENSION ASSETS 49 49
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 284,043 286,537
OTHER ASSETS 140,902 134,024
PROPERTY, PLANT AND EQUIPMENT    
Land 57,611 56,258
Buildings 780,877 767,876
Equipment 1,501,230 1,435,630
Construction in progress 83,331 82,254
Property, Plant and Equipment, Gross 2,423,049 2,342,018
Less allowance for depreciation (1,465,290) (1,417,538)
Property, Plant and Equipment, Net 957,759 924,480
TOTAL ASSETS 4,667,641 4,563,966
CURRENT LIABILITIES    
Accounts payable 315,040 385,877
Accrued expenses 42,871 49,792
Accrued workers compensation 35,991 33,543
Accrued marketing expenses 99,535 78,712
Employee related expenses 161,975 193,463
Taxes payable 6,881 4,864
Interest and dividends payable 45,601 40,049
TOTAL CURRENT LIABILITIES 707,894 786,300
PENSION AND POST-RETIREMENT BENEFITS 612,451 615,428
LONG-TERM DEBT-less current maturities 250,000 250,000
OTHER LONG-TERM LIABILITIES 79,464 87,313
SHAREHOLDERS' INVESTMENT    
Preferred stock, par value $.01 a share-authorized 160,000,000 shares; issued-none      
Additional paid-in capital 26,671  
Accumulated other comprehensive loss (325,172) (323,569)
Retained earnings 3,300,597 3,135,317
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 3,009,859 2,819,455
NONCONTROLLING INTEREST 7,973 5,470
TOTAL SHAREHOLDERS' INVESTMENT 3,017,832 2,824,925
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 4,667,641 4,563,966
Common stock, non-voting
   
SHAREHOLDERS' INVESTMENT    
Common stock      
Common stock
   
SHAREHOLDERS' INVESTMENT    
Common stock $ 7,763 $ 7,707