SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 28, 2013

Schedule of operating profit and other financial information

	Three Months Ended						Nine Months Ended
(in thousands)	July 28, 2013			July 29, 2012			July 28, 2013			July 29, 2012
Sales to Unaffiliated Customers
Grocery Products	$	370,297		$	297,177		$	1,097,942		$	830,649
Refrigerated Foods	1,068,587			1,043,311			3,143,358			3,158,811
Jennie-O Turkey Store	367,125			351,604			1,142,198			1,120,028
Specialty Foods	240,512			230,072			720,048			677,043
International & Other	113,004			86,024			324,906			273,955
Total	$	2,159,525		$	2,008,188		$	6,428,452		$	6,060,486

Intersegment Sales
Grocery Products	$	—		$	—		$	—		$	—
Refrigerated Foods	4,654			2,385			10,393			7,929
Jennie-O Turkey Store	29,559			29,901			89,542			92,621
Specialty Foods	23			41			76			108
International & Other	—			—			—			—
Total	$	34,236		$	32,327		$	100,011		$	100,658
Intersegment elimination	(34,236		)	(32,327		)	(100,011		)	(100,658		)
Total	$	—		$	—		$	—		$	—

Net Sales
Grocery Products	$	370,297		$	297,177		$	1,097,942		$	830,649
Refrigerated Foods	1,073,241			1,045,696			3,153,751			3,166,740
Jennie-O Turkey Store	396,684			381,505			1,231,740			1,212,649
Specialty Foods	240,535			230,113			720,124			677,151
International & Other	113,004			86,024			324,906			273,955
Intersegment elimination	(34,236		)	(32,327		)	(100,011		)	(100,658		)
Total	$	2,159,525		$	2,008,188		$	6,428,452		$	6,060,486

Segment Operating Profit
Grocery Products	$	52,962		$	40,052		$	150,170		$	127,003
Refrigerated Foods	44,769			60,757			153,239			167,515
Jennie-O Turkey Store	45,623			39,106			156,567			186,066
Specialty Foods	23,170			21,490			72,898			58,996
International & Other	16,692			12,437			49,421			37,763
Total segment operating profit	$	183,216		$	173,842		$	582,295		$	577,343

Net interest and investment expense (income)	3,577			2,363			6,887			4,932
General corporate expense	2,833			3,225			19,228			18,040
Noncontrolling interest	270			1,240			2,720			3,226

Earnings before income taxes	$	177,076		$	169,494		$	558,900		$	557,597

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details