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v3.21.2

Derivatives and Hedging - Consolidated Statements of Operations Impact (Details) $ in Thousands, bu in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Oct. 31, 2021 bu | Oct. 31, 2021 USD ($) bu | Oct. 25, 2020 USD ($) bu | Oct. 27, 2019 USD ($)
Derivatives and Hedging |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation |  | $ 908,839 | $ 908,082 | $ 978,806
Cash Flow Hedges | Corn |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Future contracts, volume (in million bushels) | bu |  | 33.1 | 26.0 |
Designated as Hedging |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Total Gain (Loss) Recognized in Earnings |  | $ 332 | $ (24,642) | 1,007
Designated as Hedging | Commodity Contracts |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Total Gain (Loss) Recognized in Earnings |  | (67) | (24,642) | 1,007
Designated as Hedging | Interest Rate Locks |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Total Gain (Loss) Recognized in Earnings |  | 399 | 0 | 0
Designated as Hedging | Cash Flow Hedges | Commodity Contracts |  |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |  |
Gain (Loss) Reclassified from AOCL |  | 31,787 | (37,834) | (1,701)
Amortization of Excluded Component from Options |  | (3,033) | 0 | (2,489)
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges |  | (743) | 0 | 0
Designated as Hedging | Cash Flow Hedges | Interest Rate Locks |  |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |  |
Gain (Loss) Reclassified from AOCL |  | 399 | 0 | 0
Designated as Hedging | Cash Flow Hedges | Corn |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Future contracts, volume (in million bushels) | bu | 2.8 |  |  |
Designated as Hedging | Fair Value Hedges | Commodity Contracts |  |  |  |
Fair Value Hedges - Commodity Contracts |  |  |  |
Gain (Loss) on Commodity Futures |  | $ (28,078) | $ 13,192 | $ 5,197

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