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Goodwill and Intangible Assets | 12 Months Ended
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Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill: The changes in the carrying amount of goodwill for the fiscal years ended October 31, 2021, and October 25, 2020, are:
(in thousands) |  | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | International & Other |  | Total
Balance at October 27, 2019 |  | $ | 632,301 |  |  | $ | 1,458,692 |  |  | $ | 176,628 |  |  | $ | 214,024 |  |  | $ | 2,481,645 |
Goodwill Acquired |  | — |  |  | 148,313 |  |  | — |  |  | — |  |  | 148,313 |
Foreign Currency Translation |  | — |  |  | — |  |  | — |  |  | (17,232) |  |  | (17,232) |
Balance at October 25, 2020 |  | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 196,793 |  |  | $ | 2,612,727 |
Goodwill Acquired |  | 1,766,053 |  |  | 487,416 |  |  | — |  |  | 59,595 |  |  | 2,313,064 |
Foreign Currency Translation |  | — |  |  | — |  |  | — |  |  | 3,311 |  |  | 3,311 |
Balance at October 31, 2021 |  | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | 259,699 |  |  | $ | 4,929,102 |
The increase in goodwill during fiscal 2021 represents the allocation of goodwill to reportable segments as part of the acquisition of the Planters® snack nuts business. The increase to goodwill during fiscal 2020 is due to the acquisition of Sadler's. See Note B - Acquisitions and Divestitures for additional information. Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
|  | October 31, |  | October 25,
(in thousands) |  | 2021 |  | 2020
Brands/Tradenames/Trademarks |  | $ | 1,665,190 |  |  | $ | 953,190 |
Other Intangibles |  | 184 |  |  | 184 |
Foreign Currency Translation |  | (6,646) |  |  | (6,923) |
Total |  | $ | 1,658,728 |  |  | $ | 946,452 |
The increase in Brands/Tradenames/Trademarks represents the fair value of indefinite-lived assets acquired as part of the acquisition of the Planters® snack nuts business. See Note B - Acquisitions and Divestitures for additional information. The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
|  | October 31, 2021 |  | October 25, 2020
|  | Gross |  |  |  | Weighted- |  | Gross |  |  |  | Weighted-
|  | Carrying |  | Accumulated |  | Avg Life |  | Carrying |  | Accumulated |  | Avg Life
(in thousands) |  | Amount |  | Amortization |  | (in Years) |  | Amount |  | Amortization |  | (in Years)
Customer Lists/Relationships |  | $ | 168,239 |  |  | $ | (56,882) |  |  | 12.7 |  | $ | 117,239 |  |  | $ | (45,996) |  |  | 12.2
Other Intangibles |  | 60,241 |  |  | (8,356) |  |  | 13.8 |  | 60,631 |  |  | (4,298) |  |  | 13.8
Tradenames/Trademarks |  | 10,536 |  |  | (5,700) |  |  | 4.9 |  | 10,536 |  |  | (3,518) |  |  | 4.9
Foreign Currency Translation |  | — |  |  | (4,534) |  |  | — |  |  | — |  |  | (4,760) |  |  | — |
Total |  | $ | 239,016 |  |  | $ | (75,471) |  |  | 12.7 |  | $ | 188,406 |  |  | $ | (58,572) |  |  | 12.3
The increase in Customer Lists/Relationships represents the fair value of definite-lived assets acquired as part of the acquisition of the Planters® snack nuts business. See Note B - Acquisitions and Divestitures for additional information. Amortization expense for the last three fiscal years was:
(in thousands) |  |
2021 |  | $ | 17,518 |
2020 |  | 14,251 |
2019 |  | 11,586 |
Estimated annual amortization expense for the five fiscal years after October 31, 2021, is as follows:
(in thousands) |  |
2022 |  | $ | 19,244 |
2023 |  | 18,351 |
2024 |  | 16,352 |
2025 |  | 14,627 |
2026 |  | 14,170 |
During the fourth quarter of fiscal years 2021, 2020, and 2019, the Company completed the required annual impairment tests of indefinite-lived intangible assets and goodwill. No impairment was indicated. Useful lives of intangible assets were also reviewed during this process with no material changes identified.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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