SEGMENT REPORTING (Tables)

12 Months Ended

Oct. 26, 2014

SEGMENT REPORTING

Schedule of operating profit and other financial information

(in thousands)	2014			2013			2012
Net Sales (to unaffiliated customers)
Grocery Products	$	1,558,265		$	1,517,557		$	1,170,871
Refrigerated Foods	4,644,179			4,251,515			4,222,752
Jennie-O Turkey Store	1,672,452			1,601,868			1,549,227
Specialty Foods	907,120			932,533			924,472
International & Other	534,240			448,181			363,348
Total	$	9,316,256		$	8,751,654		$	8,230,670
Intersegment Sales
Grocery Products	$	–		$	–		$	–
Refrigerated Foods	23,163			17,359			12,144
Jennie-O Turkey Store	144,137			123,420			125,575
Specialty Foods	122			108			133
International & Other	–			–			–
Total	167,422			140,887			137,852
Intersegmentelimination	(167,422		)	(140,887		)	(137,852		)
Total	$	–		$	–		$	–
Segment Net Sales
Grocery Products	$	1,558,265		$	1,517,557		$	1,170,871
Refrigerated Foods	4,667,342			4,268,874			4,234,896
Jennie-O Turkey Store	1,816,589			1,725,288			1,674,802
Specialty Foods	907,242			932,641			924,605
International & Other	534,240			448,181			363,348
Intersegmentelimination	(167,422		)	(140,887		)	(137,852		)
Total	$	9,316,256		$	8,751,654		$	8,230,670
Segment Operating Profit
Grocery Products	$	195,064		$	213,646		$	181,251
Refrigerated Foods	338,020			232,692			228,665
Jennie-O Turkey Store	272,362			222,117			238,298
Specialty Foods	71,514			88,873			83,089
International & Other	84,745			71,490			49,889
Total segment operating profit	$	961,705		$	828,818		$	781,192
Net interest and investment expense (income)	9,468			7,482			6,339
General corporate expense	33,434			26,694			21,429
Noncontrolling interest	3,349			3,865			4,911
Earnings Before Income Taxes	$	922,152		$	798,507		$	758,335

(in thousands)	2014		2013		2012
Assets
Grocery Products	$	1,249,631	$	1,237,405	$	683,601
Refrigerated Foods	1,215,694		1,218,418		1,171,161
Jennie-O Turkey Store	857,697		819,343		857,682
Specialty Foods	1,013,420		469,599		506,237
International & Other	406,249		361,038		224,847
Corporate	712,928		810,077		1,120,438
Total	$	5,455,619	$	4,915,880	$	4,563,966
Additions to Property, Plant and Equipment
Grocery Products	$	31,741	$	10,100	$	17,966
Refrigerated Foods	61,183		58,523		67,003
Jennie-O Turkey Store	25,761		22,863		33,594
Specialty Foods	3,266		3,606		3,779
International & Other	4,896		2,973		2,794
Corporate	32,291		8,697		7,167
Total	$	159,138	$	106,762	$	132,303
Depreciation and Amortization
Grocery Products	$	25,883	$	22,912	$	15,870
Refrigerated Foods	57,709		57,879		60,229
Jennie-O Turkey Store	27,091		26,921		26,144
Specialty Foods	8,999		9,232		9,871
International & Other	3,541		1,906		1,437
Corporate	6,821		6,000		5,943
Total	$	130,044	$	124,850	$	119,494

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

	Fiscal Year Ended
	October 26,	October 27,	October 28,
	2014	2013	2012
Perishable	54.5%	53.3%	54.7%
Shelf-stable	19.0	19.0	16.4
Poultry	18.4	18.8	19.3
Other	8.1	8.9	9.6
	100.0%	100.0%	100.0%

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

	Fiscal Year Ended
	October 26,	October 27,	October 28,
(in thousands)	2014	2013	2012
United States	$ 8,708,042	$ 8,193,730	$ 7,739,826
Foreign	608,214	557,924	490,844
	$ 9,316,256	$ 8,751,654	$ 8,230,670