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INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES
 3 Months Ended
Jan. 24, 2021
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES
 
The Company accounts for its majority-owned operations under the consolidation method. Investments in which the Company owns a minority interest, and for which there are no other indicators of control, are accounted for under the equity or cost method. These investments, along with any related receivables from affiliates, are included in the Consolidated Statements of Financial Position as Investments In and Receivables From Affiliates.
 
Investments In and Receivables From Affiliates consist of:
 
(in thousands)
Segment% OwnedJanuary 24, 2021October 25, 2020
MegaMex Foods, LLCGrocery Products50%$214,974 $220,907 
Other Joint VenturesInternational & Other
Various (20-40%)
89,893 87,466 
Total$304,867 $308,372 

Equity in Earnings of Affiliates consists of:
  Thirteen Weeks Ended
(in thousands)
 
Segment
January 24, 2021January 26, 2020
MegaMex Foods, LLCGrocery Products$12,433 $9,461 
Other Joint VenturesInternational & Other1,794 (1,873)
Total$14,228 $7,588 
 
For the thirteen weeks ended January 24, 2021, $11.3 million of dividends were received from affiliates, compared to $10.0 million of dividends received for the thirteen weeks ended January 26, 2020.

The Company recognized a basis difference of $21.3 million associated with the formation of MegaMex Foods, LLC, of which $11.7 million is remaining as of January 24, 2021. This difference is being amortized through Equity in Earnings of Affiliates.