SEGMENT REPORTING (Tables)

12 Months Ended

Oct. 27, 2013

SEGMENT REPORTING

Schedule of operating profit and other financial information

(in thousands)	2013		2012		2011
Sales to Unaffiliated
Customers
Grocery Products	$1,517,557		$1,170,871		$1,064,558
Refrigerated Foods	4,251,515		4,222,752		4,189,224
Jennie-O Turkey Store	1,601,868		1,549,227		1,467,222
Specialty Foods	932,533		924,472		835,584
International & Other	448,181		363,348		338,501
Total	$8,751,654		$8,230,670		$7,895,089
Intersegment Sales
Grocery Products	$              –		$             –		$             –
Refrigerated Foods	17,359		12,144		14,101
Jennie-O Turkey Store	123,420		125,575		124,868
Specialty Foods	108		133		127
International & Other	–		–		–
Total	140,887		137,852		139,096
Intersegment elimination	(140,887	)	(137,852	)	(139,096	)
Total	$              –		$             –		$             –
Net Sales
Grocery Products	$1,517,557		$1,170,871		$1,064,558
Refrigerated Foods	4,268,874		4,234,896		4,203,325
Jennie-O Turkey Store	1,725,288		1,674,802		1,592,090
Specialty Foods	932,641		924,605		835,711
International & Other	448,181		363,348		338,501
Intersegment elimination	(140,887	)	(137,852	)	(139,096	)
Total	$8,751,654		$8,230,670		$7,895,089
Segment Operating Profit
Grocery Products	$  213,646		$   181,251		$   162,556
Refrigerated Foods	232,692		228,665		292,624
Jennie-O Turkey Store	222,117		238,298		204,940
Specialty Foods	88,873		83,089		76,905
International & Other	71,490		49,889		36,250
Total segment operating profit	$  828,818		$   781,192		$   773,275
Net interest and investment expense (income)	7,482		6,339		23,448
General corporate expense	26,694		21,429		35,992
Noncontrolling interest	3,865		4,911		5,001
Earnings before income taxes	$  798,507		$   758,335		$   718,836

(in thousands)	2013	2012	2011
Assets
Grocery Products	$1,237,405	$    683,601	$  670,398
Refrigerated Foods	1,218,418	1,171,161	1,177,588
Jennie-O Turkey Store	819,343	857,682	805,459
Specialty Foods	469,599	506,237	475,289
International & Other	361,038	224,847	196,957
Corporate	810,077	1,120,438	918,700
Total	$4,915,880	$4,563,966	$4,244,391
Additions to Property,
Plant and Equipment
Grocery Products	$     10,100	$     17,966	$    10,910
Refrigerated Foods	58,523	67,003	45,244
Jennie-O Turkey Store	22,863	33,594	29,507
Specialty Foods	3,606	3,779	3,470
International & Other	2,973	2,794	1,145
Corporate	8,697	7,167	6,635
Total	$     106,762	$   132,303	$    96,911
Depreciation and
Amortization
Grocery Products	$       22,912	$     15,870	$    15,597
Refrigerated Foods	57,879	60,229	65,689
Jennie-O Turkey Store	26,921	26,144	25,379
Specialty Foods	9,232	9,871	9,817
International & Other	1,906	1,437	1,387
Corporate	6,000	5,943	6,296
Total	$     124,850	$    119,494	$    124,165

Schedule of percentages of total revenues contributed by classes of similar products

	Fiscal Year Ended
	October 27, 2013	October 28, 2012	October 30, 2011
Perishable meat	50.9%	53.5%	55.1%
Shelf-stable	21.4	17.6	16.8
Poultry	18.8	19.3	19.1
Other	8.9	9.6	9.0
	100.0%	100.0%	100.0%

Schedule of total revenues attributable to U.S. and all foreign countries

	Fiscal Year Ended
	October 27,	October 28,	October 30,
(in thousands)	2013	2012	2011
United States	$8,193,730	$7,739,826	$7,431,798
Foreign	557,924	490,844	463,291
	$8,751,654	$8,230,670	$7,895,089