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Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Oct. 27, 2013
Oct. 28, 2012
Current Assets    
Cash and cash equivalents $ 434,014 $ 682,388
Short-term marketable securities   77,387
Accounts receivable (net of allowance for doubtful accounts of $4,000 at October 27, 2013 and $4,000 at October 28, 2012) 551,500 507,041
Inventories 967,977 950,521
Income taxes receivable   16,460
Deferred income taxes 73,543 68,560
Prepaid expenses 13,000 12,772
Other current assets 7,379 5,555
Total Current Assets 2,047,413 2,320,684
Deferred Income Taxes 25,086 144,245
Goodwill 934,472 630,875
Other Intangibles 378,093 123,072
Pension Assets 162,535 49
Investments in and Receivables from Affiliates 270,609 286,537
Other Assets 142,339 134,024
Property, Plant and Equipment    
Land 58,506 56,258
Buildings 784,133 767,876
Equipment 1,532,527 1,435,630
Construction in progress 85,696 82,254
Property, Plant and Equipment, Gross 2,460,862 2,342,018
Less allowance for depreciation (1,505,529) (1,417,538)
Property, Plant and Equipment, Net 955,333 924,480
Total Assets 4,915,880 4,563,966
Current Liabilities    
Accounts payable 387,284 385,877
Accrued expenses 20,965 49,792
Accrued workers compensation 38,217 33,543
Accrued marketing expenses 91,332 78,712
Employee related expenses 192,063 193,463
Taxes payable 8,637 4,864
Interest and dividends payable 45,511 40,049
Total Current Liabilities 784,009 786,300
Long-Term Debt - less current maturities 250,000 250,000
Pension and Post-Retirement Benefits 481,230 615,428
Other Long-Term Liabilities 84,062 87,313
Shareholders' Investment    
Preferred stock, par value $.01 a share - authorized 160,000,000 shares; issued - none      
Accumulated other comprehensive loss (149,214) (323,569)
Retained earnings 3,452,529 3,135,317
Hormel Foods Corporation Shareholders' Investment 3,311,040 2,819,455
Noncontrolling Interest 5,539 5,470
Total Shareholders' Investment 3,316,579 2,824,925
Total Liabilities and Shareholders' Investment 4,915,880 4,563,966
Common stock, nonvoting
   
Shareholders' Investment    
Common stock      
Common stock
   
Shareholders' Investment    
Common stock $ 7,725 $ 7,707