Segment Reporting (Tables)

12 Months Ended

Oct. 25, 2015

Segment Reporting

Schedule of operating profit and other financial information

(in thousands)	2015		2014		2013
Net Sales (to unaffiliated
customers)
Grocery Products		$ 1,617,680		$ 1,558,265		$ 1,517,557
Refrigerated Foods		4,372,347		4,644,179		4,251,515
Jennie-O Turkey Store		1,635,776		1,672,452		1,601,868
Specialty Foods		1,103,359		907,120		932,533
International & Other		534,701		534,240		448,181
Total		$ 9,263,863		$ 9,316,256		$ 8,751,654
Intersegment Sales
Grocery Products		$               –		$              –		$              –
Refrigerated Foods		13,058		23,163		17,359
Jennie-O Turkey Store		128,195		144,137		123,420
Specialty Foods		64		122		108
International & Other		–		–		–
Total		141,317		167,422		140,887
Intersegment
elimination		(141,317)		(167,422)		(140,887)
Total		$               –		$              –		$              –
Segment Net Sales
Grocery Products		$ 1,617,680		$ 1,558,265		$ 1,517,557
Refrigerated Foods		4,385,405		4,667,342		4,268,874
Jennie-O Turkey Store		1,763,971		1,816,589		1,725,288
Specialty Foods		1,103,423		907,242		932,641
International & Other		534,701		534,240		448,181
Intersegment
elimination		(141,317)		(167,422)		(140,887)
Total		$ 9,263,863		$ 9,316,256		$ 8,751,654
Segment Operating Profit
Grocery Products		$    228,582		$   195,064		$   213,646
Refrigerated Foods		424,968		338,020		232,692
Jennie-O Turkey Store		276,217		272,362		222,117
Specialty Foods		93,258		71,514		88,873
International & Other		78,318		84,745		71,490
Total segment
operating profit		$ 1,101,343		$   961,705		$   828,818
Net interest and
investment expense
(income)		10,177		9,468		7,482
General corporate
expense		35,199		33,434		26,694
Noncontrolling interest		1,176		3,349		3,865
Earnings Before
Income Taxes		$ 1,057,143		$   922,152		$   798,507

(in thousands)	2015		2014		2013
Assets
Grocery Products		$ 1,214,988		$ 1,249,631		$ 1,237,405
Refrigerated Foods		1,973,424		1,215,694		1,218,418
Jennie-O Turkey Store		811,693		857,697		819,343
Specialty Foods		988,455		1,013,420		469,599
International & Other		446,164		406,249		361,038
Corporate		705,107		712,928		810,077
Total		$ 6,139,831		$ 5,455,619		$ 4,915,880
Additions to Property,
Plant and Equipment
Grocery Products		$     18,104		$     31,741		$     10,100
Refrigerated Foods		54,074		61,183		58,523
Jennie-O Turkey Store		32,250		25,761		22,863
Specialty Foods		5,309		3,266		3,606
International & Other		18,576		4,896		2,973
Corporate		15,750		32,291		8,697
Total		$   144,063		$   159,138		$   106,762
Depreciation and
Amortization
Grocery Products		$     26,972		$     25,883		$     22,912
Refrigerated Foods		53,325		57,709		57,879
Jennie-O Turkey Store		28,262		27,091		26,921
Specialty Foods		11,075		8,999		9,232
International & Other		3,372		3,541		1,906
Corporate		10,428		6,821		6,000
Total		$   133,434		$   130,044		$   124,850

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

	Fiscal Year Ended
	October 25,	October 26,	October 27,
	2015	2014	2013
Perishable	53.0%	54.5%	53.3%
Poultry	18.6	18.4	18.8
Shelf-stable	18.4	19.0	19.0
Miscellaneous	10.0	8.1	8.9
	100.0%	100.0%	100.0%

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

	Fiscal Year Ended
	October 25,	October 26,	October 27,
(in thousands)	2015	2014	2013
United States	$ 8,721,722	$ 8,708,042	$ 8,193,730
Foreign	542,141	608,214	557,924
	$ 9,263,863	$ 9,316,256	$ 8,751,654