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Segment Reporting (Tables) | 12 Months Ended
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Oct. 29, 2017
Segment Reporting |
Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes |
(in thousands) | 2017 | 2016 | 2015
Net Sales (to unaffiliated customers) |  |  |
Grocery Products | $ | 1,761,105 | $ | 1,684,756 | $ | 1,617,680
Refrigerated Foods | 4,403,732 | 4,647,173 | 4,372,347
Jennie-O Turkey Store | 1,663,160 | 1,740,968 | 1,635,776
Specialty Foods | 794,508 | 939,134 | 1,103,359
International & Other | 545,014 | 511,193 | 534,701
Total | $ | 9,167,519 | $ | 9,523,224 | $ | 9,263,863
Intersegment Sales |  |  |
Grocery Products | $ | – | $ | – | $ | –
Refrigerated Foods | 7,832 | 11,341 | 13,058
Jennie-O Turkey Store | 113,384 | 120,742 | 128,195
Specialty Foods | 32 | 26 | 64
International & Other | – | – | –
Total | 121,248 | 132,109 | 141,317
Intersegment elimination | (121,248) | (132,109) | (141,317)
Total | $ | – | $ | – | $ | –
Segment Net Sales |  |  |
Grocery Products | $ | 1,761,105 | $ | 1,684,756 | $ | 1,617,680
Refrigerated Foods | 4,411,564 | 4,658,514 | 4,385,405
Jennie-O Turkey Store | 1,776,544 | 1,861,710 | 1,763,971
Specialty Foods | 794,540 | 939,160 | 1,103,423
International & Other | 545,014 | 511,193 | 534,701
Intersegment elimination | (121,248) | (132,109) | (141,317)
Total | $ | 9,167,519 | $ | 9,523,224 | $ | 9,263,863
Segment Operating |  |  |
Profit |  |  |
Grocery Products | $ | 290,809 | $ | 268,461 | $ | 228,582
Refrigerated Foods | 587,929 | 585,652 | 424,968
Jennie-O Turkey Store | 247,322 | 329,427 | 276,217
Specialty Foods | 96,828 | 110,917 | 93,258
International & Other | 85,304 | 78,409 | 78,318
Total segment operating profit | $ | 1,308,192 | $ | 1,372,866 | $ | 1,101,343
Net interest and investment expense (income) | 1,824 | 6,680 | 10,177
General corporate expense | 28,091 | 49,436 | 35,199
Noncontrolling interest | 368 | 465 | 1,176
Earnings Before Income Taxes | $ | 1,278,645 | $ | 1,317,215 | $ | 1,057,143
(in thousands) | 2017 | 2016 | 2015
Assets |  |  |
Grocery Products | $ | 1,445,658 | $ | 1,472,316 | $ | 1,214,988
Refrigerated Foods | 2,324,749 | 1,999,821 | 1,973,424
Jennie-O Turkey Store | 942,369 | 882,812 | 811,693
Specialty Foods | 769,496 | 805,597 | 956,945
International & Other | 675,878 | 510,904 | 477,674
Corporate | 817,758 | 698,617 | 705,107
Total | $ | 6,975,908 | $ | 6,370,067 | $ | 6,139,831
Additions to Property, |  |  |
Plant and Equipment |  |  |
Grocery Products | $ | 14,432 | $ | 15,830 | $ | 18,104
Refrigerated Foods | 79,836 | 93,430 | 54,074
Jennie-O Turkey Store | 88,063 | 61,340 | 32,250
Specialty Foods | 2,011 | 5,372 | 5,309
International & Other | 33,124 | 44,407 | 18,576
Corporate | 3,820 | 35,145 | 15,750
Total | $ | 221,286 | $ | 255,524 | $ | 144,063
Depreciation and |  |  |
Amortization |  |  |
Grocery Products | $ | 31,739 | $ | 29,725 | $ | 26,972
Refrigerated Foods | 45,911 | 53,229 | 53,325
Jennie-O Turkey Store | 31,611 | 29,225 | 28,262
Specialty Foods | 5,357 | 5,165 | 11,075
International & Other | 4,042 | 3,969 | 3,372
Corporate | 12,317 | 10,655 | 10,428
Total | $ | 130,977 | $ | 131,968 | $ | 133,434
Schedule of percentages of total revenues contributed by classes of similar products |
| Fiscal Year Ended
| October 29, | October 30, | October 25,
| 2017 | 2016 | 2015
Perishable | 53.7% | 53.1% | 53.0%
Shelf-stable | 20.2 | 18.2 | 18.4
Poultry | 19.1 | 20.5 | 18.6
Miscellaneous | 7.0 | 8.2 | 10.0
Total | 100.0% | 100.0% | 100.0%
Schedule of total revenues attributable to U.S. and all foreign countries |
| Fiscal Year Ended
| October 29, | October 30, | October 25,
(in thousands) | 2017 | 2016 | 2015
United States | $ 8,631,325 | $ 9,012,797 | $ 8,721,722
Foreign | 536,194 | 510,427 | 542,141
Total | $ 9,167,519 | $ 9,523,224 | $ 9,263,863

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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