XML 67 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $)
In Thousands, unless otherwise specified
Jul. 28, 2013
Oct. 28, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 329,496 $ 682,388
Short-term marketable securities   77,387
Accounts receivable 514,398 507,041
Inventories 1,003,736 950,521
Income taxes receivable 2,868 16,460
Deferred income taxes 76,502 68,560
Prepaid expenses 14,867 12,772
Other current assets 9,723 5,555
TOTAL CURRENT ASSETS 1,951,590 2,320,684
DEFERRED INCOME TAXES 137,542 144,245
GOODWILL 934,472 630,875
OTHER INTANGIBLES 380,410 123,072
PENSION ASSETS 49 49
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 269,221 286,537
OTHER ASSETS 138,944 134,024
PROPERTY, PLANT AND EQUIPMENT    
Land 58,589 56,258
Buildings 782,142 767,876
Equipment 1,519,715 1,435,630
Construction in progress 74,153 82,254
Property, Plant and Equipment, Gross 2,434,599 2,342,018
Less allowance for depreciation (1,485,578) (1,417,538)
Property, Plant and Equipment, Net 949,021 924,480
TOTAL ASSETS 4,761,249 4,563,966
CURRENT LIABILITIES    
Accounts payable 369,887 385,877
Accrued expenses 32,467 49,792
Accrued workers compensation 37,169 33,543
Accrued marketing expenses 113,002 78,712
Employee related expenses 182,592 193,463
Taxes payable 6,128 4,864
Interest and dividends payable 48,239 40,049
TOTAL CURRENT LIABILITIES 789,484 786,300
PENSION AND POST-RETIREMENT BENEFITS 589,659 615,428
LONG-TERM DEBT-less current maturities 250,000 250,000
OTHER LONG-TERM LIABILITIES 78,222 87,313
SHAREHOLDERS' INVESTMENT    
Preferred stock, par value $.01 a share-authorized 160,000,000 shares; issued-none      
Accumulated other comprehensive loss (325,565) (323,569)
Retained earnings 3,363,363 3,135,317
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 3,045,535 2,819,455
NONCONTROLLING INTEREST 8,349 5,470
TOTAL SHAREHOLDERS' INVESTMENT 3,053,884 2,824,925
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 4,761,249 4,563,966
Common stock, non-voting
   
SHAREHOLDERS' INVESTMENT    
Common stock      
Common stock
   
SHAREHOLDERS' INVESTMENT    
Common stock $ 7,737 $ 7,707