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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Jan. 24, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill: The changes in the carrying amounts of goodwill for the thirteen weeks ended January 24, 2021, are:
(in thousands) | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | International & Other |  | Total
Balance at October 25, 2020 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 196,793 |  |  | $ | 2,612,727 |
Foreign Currency Translation |  |  |  |  |  |  | 4,863 |  |  | 4,863 |
Balance at January 24, 2021 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 201,656 |  |  | $ | 2,617,589 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
(in thousands) | January 24, 2021 |  | October 25, 2020
Brands/Tradenames/Trademarks | $ | 953,190 |  |  | $ | 953,190 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (6,203) |  |  | (6,923) |
Total | $ | 947,171 |  |  | $ | 946,452 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| January 24, 2021 |  | October 25, 2020
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer Lists/Relationships | $ | 117,239 |  |  | $ | (48,303) |  |  | $ | 117,239 |  |  | $ | (45,996) |
Other Intangibles | 60,241 |  |  | (5,021) |  |  | 60,631 |  |  | (4,298) |
Tradenames/Trademarks | 10,536 |  |  | (4,053) |  |  | 10,536 |  |  | (3,518) |
Foreign Currency Translation | — |  |  | (4,354) |  |  | — |  |  | (4,760) |
Total | $ | 188,016 |  |  | $ | (61,732) |  |  | $ | 188,406 |  |  | $ | (58,572) |
Amortization expense was $4.0 million and $2.7 million for the thirteen weeks ended January 24, 2021 and January 26, 2020, respectively. Estimated annual amortization expense for the five fiscal years after October 25, 2020, is:
(in thousands) |
2021 | $ | 16,477 |
2022 | 16,037 |
2023 | 15,132 |
2024 | 13,048 |
2025 | 11,432 |

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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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