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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Oct. 29, 2017
Oct. 30, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 444,122 $ 415,143 [1]
Accounts receivable (net of allowance for doubtful accounts of $4,246 at October 29, 2017, and $4,045 at October 30, 2016) 618,351 591,310
Inventories 921,022 985,683
Income taxes receivable 22,346 18,282
Prepaid expenses 16,144 13,775
Other current assets 4,538 5,719
TOTAL CURRENT ASSETS 2,026,523 2,029,912
DEFERRED INCOME TAXES   6,223
GOODWILL 2,119,813 1,834,497
OTHER INTANGIBLES 1,027,014 903,258
PENSION ASSETS 171,990 68,901
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES 242,369 239,590
OTHER ASSETS 184,948 182,237
PROPERTY, PLANT AND EQUIPMENT    
Land 51,249 67,557
Buildings 866,855 805,858
Equipment 1,710,537 1,675,549
Construction in progress 148,064 218,351
Less: Allowance for depreciation (1,573,454) (1,661,866)
Net Property, Plant and Equipment 1,203,251 1,105,449
TOTAL ASSETS 6,975,908 6,370,067
CURRENT LIABILITIES    
Accounts payable 552,714 481,826
Accrued expenses 76,966 82,145
Accrued workers compensation 26,585 36,612
Accrued marketing expenses 101,573 119,583
Employee related expenses 209,562 251,433
Taxes payable 525 4,331
Interest and dividends payable 90,287 77,266
TOTAL CURRENT LIABILITIES 1,058,212 1,053,196
LONG-TERM DEBT - less current maturities 250,000 250,000
PENSION AND POST-RETIREMENT BENEFITS 530,249 522,356
OTHER LONG-TERM LIABILITIES 99,340 93,109
DEFERRED INCOME TAXES 98,410  
SHAREHOLDERS' INVESTMENT    
Preferred stock, par value $0.01 a share - authorized 160,000,000 shares; issued - none
Additional paid-in capital 13,670  
Accumulated other comprehensive loss (248,075) (296,303)
Retained earnings 5,162,571 4,736,567
HORMEL FOODS CORPORATION SHAREHOLDERS' INVESTMENT 4,935,907 4,448,006
NONCONTROLLING INTEREST 3,790 3,400
TOTAL SHAREHOLDERS' INVESTMENT 4,939,697 4,451,406
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT 6,975,908 6,370,067
Common stock, nonvoting    
SHAREHOLDERS' INVESTMENT    
Common stock
Common Stock    
SHAREHOLDERS' INVESTMENT    
Common stock $ 7,741 $ 7,742
[1] Fiscal 2016 included 53 weeks