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SUBSEQUENT EVENTS | 6 Months Ended
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Apr. 25, 2021
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS The Company initiated several financing transactions subsequent to the end of the second quarter primarily in preparation for the pending acquisiton of the Planters® snack nuts business. See Note J - Long-term Debt and Other Borrowing Arrangements for additional details. To mitigate the impact of extreme market volatility on feed costs, the Company hedged a significant portion of its grain exposure subsequent to the end of the second quarter. See Note F - Derivatives and Hedging for additional details.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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