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SEGMENT REPORTING (Tables) | 6 Months Ended
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Apr. 28, 2019
Segment Reporting [Abstract] |
Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes | Sales and profits for each of the Company’s reportable segments and reconciliation to earnings before income taxes are set forth below. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent these segments, if operated independently, would report the profit and other financial information shown below.
| Three Months Ended |  | Six Months Ended
(in thousands) | April 28, 2019 |  | April 29, 2018 |  | April 28, 2019 |  | April 29, 2018
Sales to Unaffiliated Customers |  |  |  |  |  |  |  |  |  |  |
Grocery Products | $ | 635,319 |  |  | $ | 621,492 |  |  | $ | 1,242,144 |  |  | $ | 1,225,069 |
Refrigerated Foods | 1,257,884 |  |  | 1,245,066 |  |  | 2,536,631 |  |  | 2,499,703 |
Jennie-O Turkey Store | 305,256 |  |  | 303,875 |  |  | 626,490 |  |  | 626,635 |
International & Other | 146,285 |  |  | 160,135 |  |  | 299,834 |  |  | 310,454 |
Total | $ | 2,344,744 |  |  | $ | 2,330,568 |  |  | $ | 4,705,099 |  |  | $ | 4,661,861 |
Intersegment Sales |  |  |  |  |  |  |
Grocery Products | $ | — |  |  | $ | 10 |  |  | $ | 22 |  |  | $ | 14 |
Refrigerated Foods | 3,273 |  |  | 1,386 |  |  | 5,451 |  |  | 3,550 |
Jennie-O Turkey Store | 30,050 |  |  | 25,539 |  |  | 58,861 |  |  | 50,228 |
International & Other | — |  |  | — |  |  | — |  |  | — |
Total | 33,323 |  |  | 26,935 |  |  | 64,334 |  |  | 53,792 |
Intersegment elimination | (33,323 | ) |  | (26,935 | ) |  | (64,334 | ) |  | (53,792 | )
Total | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net Sales |  |  |  |  |  |  |
Grocery Products | $ | 635,319 |  |  | $ | 621,502 |  |  | $ | 1,242,166 |  |  | $ | 1,225,083 |
Refrigerated Foods | 1,261,157 |  |  | 1,246,452 |  |  | 2,542,082 |  |  | 2,503,253 |
Jennie-O Turkey Store | 335,306 |  |  | 329,414 |  |  | 685,351 |  |  | 676,863 |
International & Other | 146,285 |  |  | 160,135 |  |  | 299,834 |  |  | 310,454 |
Intersegment elimination | (33,323 | ) |  | (26,935 | ) |  | (64,334 | ) |  | (53,792 | )
Total | $ | 2,344,744 |  |  | $ | 2,330,568 |  |  | $ | 4,705,099 |  |  | $ | 4,661,861 |
Segment Profit |  |  |  |  |  |  |
Grocery Products | $ | 104,499 |  |  | $ | 93,206 |  |  | $ | 199,796 |  |  | $ | 190,751 |
Refrigerated Foods | 158,088 |  |  | 166,920 |  |  | 320,681 |  |  | 324,451 |
Jennie-O Turkey Store | 17,749 |  |  | 32,073 |  |  | 55,653 |  |  | 69,797 |
International & Other | 14,325 |  |  | 20,850 |  |  | 39,303 |  |  | 45,505 |
Total segment profit | 294,661 |  |  | 313,049 |  |  | 615,433 |  |  | 630,504 |
Net unallocated expense | (23,178 | ) |  | 16,304 |  |  | (9,287 | ) |  | 28,698 |
Noncontrolling interest | 207 |  |  | 138 |  |  | 301 |  |  | 242 |
Earnings Before Income Taxes | $ | 318,046 |  |  | $ | 296,883 |  |  | $ | 625,021 |  |  | $ | 602,048 |
Disaggregation of revenue | The amount of total revenues contributed by classes of similar products for the second quarter and first six months of fiscal 2019 and 2018 are as follows:
| Three Months Ended |  | Six Months Ended
(in thousands) | April 28, 2019 |  | April 29, 2018 |  | April 28, 2019 |  | April 29, 2018
Perishable | $ | 1,317,455 |  |  | $ | 1,304,008 |  |  | $ | 2,658,607 |  |  | $ | 2,622,881 |
Shelf-stable | 444,831 |  |  | 444,748 |  |  | 881,728 |  |  | 869,341 |
Poultry | 427,663 |  |  | 427,669 |  |  | 869,055 |  |  | 871,111 |
Miscellaneous | 154,795 |  |  | 154,143 |  |  | 295,709 |  |  | 298,528 |
Total | $ | 2,344,744 |  |  | $ | 2,330,568 |  |  | $ | 4,705,099 |  |  | $ | 4,661,861 |
Revenue has been disaggregated into the categories below to show how sales channels affect the nature, amount, timing, and uncertainty of revenue and cash flows for the second quarter and first six months of fiscal 2019 and 2018.
| Three Months Ended |  | Six Months Ended
(in thousands) | April 28, 2019 |  | April 29, 2018 |  | April 28, 2019 |  | April 29, 2018
U.S. Retail | $ | 1,255,507 |  |  | $ | 1,257,474 |  |  | $ | 2,508,822 |  |  | $ | 2,557,146 |
U.S. Foodservice | 716,407 |  |  | 674,244 |  |  | 1,406,312 |  |  | 1,331,347 |
U.S. Deli | 212,715 |  |  | 220,478 |  |  | 463,991 |  |  | 431,475 |
International | 160,115 |  |  | 178,372 |  |  | 325,974 |  |  | 341,893 |
Total | $ | 2,344,744 |  |  | $ | 2,330,568 |  |  | $ | 4,705,099 |  |  | $ | 4,661,861 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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