CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jan. 29, 2017	Oct. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 609,821	$ 415,143
Accounts receivable	530,851	591,310
Inventories	958,130	985,683
Income taxes receivable		18,282
Prepaid expenses	15,356	13,775
Other current assets	5,428	5,719
TOTAL CURRENT ASSETS	2,119,586	2,029,912
DEFERRED INCOME TAXES		6,223
GOODWILL	1,822,671	1,834,497
OTHER INTANGIBLES	886,797	903,258
PENSION ASSETS	73,535	68,901
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES	243,868	239,590
OTHER ASSETS	184,666	182,237
PROPERTY, PLANT AND EQUIPMENT
Land	46,472	67,557
Buildings	734,119	805,858
Equipment	1,587,599	1,675,549
Construction in progress	189,657	218,351
Property, Plant and Equipment, Gross	2,557,847	2,767,315
Less: Allowance for depreciation	(1,522,572)	(1,661,866)
Property, Plant and Equipment, Net	1,035,275	1,105,449
TOTAL ASSETS	6,366,398	6,370,067
CURRENT LIABILITIES
Accounts payable	387,711	481,826
Accrued expenses	65,306	82,145
Accrued workers compensation	25,224	36,612
Accrued marketing expenses	128,703	119,583
Employee related expenses	154,826	251,433
Taxes payable	65,016	4,331
Interest and dividends payable	92,976	77,266
TOTAL CURRENT LIABILITIES	919,762	1,053,196
LONG-TERM DEBT-less current maturities	250,000	250,000
PENSION AND POST-RETIREMENT BENEFITS	524,752	522,356
OTHER LONG-TERM LIABILITIES	90,351	93,109
DEFERRED INCOME TAXES	6,236
SHAREHOLDERS' INVESTMENT
Preferred stock, par value $.01 a share - authorized 160,000,000 shares; issued - none
Accumulated other comprehensive loss	(302,140)	(296,303)
Retained earnings	4,866,374	4,736,567
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT	4,571,981	4,448,006
NONCONTROLLING INTEREST	3,316	3,400
TOTAL SHAREHOLDERS' INVESTMENT	4,575,297	4,451,406
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	6,366,398	6,370,067
Common stock, non-voting
SHAREHOLDERS' INVESTMENT
Common stock
Common Stock
SHAREHOLDERS' INVESTMENT
Common stock	$ 7,747	$ 7,742

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.