CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jul. 26, 2015	Oct. 26, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 349,169	$ 334,174
Accounts receivable	549,056	609,526
Inventories	984,452	1,054,552
Income taxes receivable	15,466	25,678
Deferred income taxes	81,407	86,853
Prepaid expenses	17,376	15,250
Other current assets	6,850	6,738
TOTAL CURRENT ASSETS	2,003,776	2,132,771
GOODWILL	1,978,907	1,226,406
OTHER INTANGIBLES	548,967	554,890
PENSION ASSETS	166,743	130,284
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES	245,618	264,451
OTHER ASSETS	145,260	145,050
PROPERTY, PLANT AND EQUIPMENT
Land	70,950	61,809
Buildings	815,111	803,722
Equipment	1,678,830	1,597,044
Construction in progress	63,876	119,657
Property, Plant and Equipment, Gross	2,628,767	2,582,232
Less allowance for depreciation	(1,626,957)	(1,580,465)
Property, Plant and Equipment, Net	1,001,810	1,001,767
TOTAL ASSETS	6,091,081	5,455,619
CURRENT LIABILITIES
Accounts payable	393,795	484,042
Short-term debt	350,000
Accrued expenses	64,212	76,836
Accrued workers compensation	38,608	35,406
Accrued marketing expenses	125,146	89,561
Employee related expenses	197,304	209,874
Taxes payable	6,812	5,507
Interest and dividends payable	69,230	53,466
TOTAL CURRENT LIABILITIES	1,245,107	954,692
LONG-TERM DEBT-less current maturities	250,000	250,000
PENSION AND POST-RETIREMENT BENEFITS	508,667	502,693
OTHER LONG-TERM LIABILITIES	110,713	112,176
DEFERRED INCOME TAXES	$ 40,582	$ 24,002
SHAREHOLDERS' INVESTMENT
Preferred stock, par value $.01 a share-authorized 160,000,000 shares; issued-none
Additional paid-in capital	$ 10,318
Accumulated other comprehensive loss	(191,843)	$ (207,700)
Retained earnings	4,106,566	3,805,654
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT	3,932,786	3,605,678
NONCONTROLLING INTEREST	3,226	6,378
TOTAL SHAREHOLDERS' INVESTMENT	3,936,012	3,612,056
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 6,091,081	$ 5,455,619
Common stock, non-voting
SHAREHOLDERS' INVESTMENT
Common stock
Common stock
SHAREHOLDERS' INVESTMENT
Common stock	$ 7,745	$ 7,724

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.