XML 12 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Apr. 24, 2016
Oct. 25, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 379,881 $ 347,239
Accounts receivable 548,497 605,689
Inventories 1,027,440 993,265
Income taxes receivable   6,132
Deferred income taxes   86,902
Prepaid expenses 13,908 14,383
Other current assets 5,356 9,422
TOTAL CURRENT ASSETS 1,975,082 2,063,032
DEFERRED INCOME TAXES 23,164  
GOODWILL 1,698,370 1,699,484
OTHER INTANGIBLES 823,130 827,219
PENSION ASSETS 140,990 132,861
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 254,949 258,998
OTHER ASSETS 145,730 146,498
PROPERTY, PLANT AND EQUIPMENT    
Land 70,846 71,192
Buildings 821,303 815,643
Equipment 1,706,597 1,679,100
Construction in progress 132,975 79,964
Property, Plant and Equipment, Gross 2,731,721 2,645,899
Less allowance for depreciation (1,682,791) (1,634,160)
Property, Plant and Equipment, Net 1,048,930 1,011,739
TOTAL ASSETS 6,110,345 6,139,831
CURRENT LIABILITIES    
Accounts payable 389,418 495,317
Short-term debt   185,000
Accrued expenses 71,013 71,777
Accrued workers compensation 37,828 37,009
Accrued marketing expenses 156,574 119,153
Employee related expenses 195,151 232,309
Taxes payable 10,096 6,764
Interest and dividends payable 77,304 66,696
TOTAL CURRENT LIABILITIES 937,384 1,214,025
LONG-TERM DEBT-less current maturities 250,000 250,000
PENSION AND POST-RETIREMENT BENEFITS 513,842 509,261
OTHER LONG-TERM LIABILITIES $ 99,480 101,056
DEFERRED INCOME TAXES   $ 64,096
SHAREHOLDERS' INVESTMENT    
Preferred stock, par value $.01 a share - authorized 160,000,000 shares; issued - none
Additional paid-in capital $ 11,287  
Accumulated other comprehensive loss (225,666) $ (225,668)
Retained earnings 4,513,097 4,216,125
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 4,306,483 3,998,198
NONCONTROLLING INTEREST 3,156 3,195
TOTAL SHAREHOLDERS' INVESTMENT 4,309,639 4,001,393
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT $ 6,110,345 $ 6,139,831
Common stock, non-voting    
SHAREHOLDERS' INVESTMENT    
Common stock
Common Stock    
SHAREHOLDERS' INVESTMENT    
Common stock $ 7,765 $ 7,741