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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Apr. 25, 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 and twenty-six weeks ended April 25, 2021, are:
(in thousands) | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | International & Other |  | Total
Balance at January 24, 2021 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 201,656 |  |  | $ | 2,617,589 |
Foreign Currency Translation | — |  |  | — |  |  | — |  |  | (3,554) |  |  | (3,554) |
Balance at April 25, 2021 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 198,102 |  |  | $ | 2,614,036 |
(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 | — |  |  | — |  |  | — |  |  | 1,309 |  |  | 1,309 |
Balance at April 25, 2021 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 198,102 |  |  | $ | 2,614,036 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
(in thousands) | April 25, 2021 |  | October 25, 2020
Brands/Tradenames/Trademarks | $ | 953,190 |  |  | $ | 953,190 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (6,955) |  |  | (6,923) |
Total | $ | 946,419 |  |  | $ | 946,452 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| April 25, 2021 |  | October 25, 2020
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer Lists/Relationships | $ | 117,239 |  |  | $ | (50,607) |  |  | $ | 117,239 |  |  | $ | (45,996) |
Other Intangibles | 60,241 |  |  | (6,133) |  |  | 60,631 |  |  | (4,298) |
Tradenames/Trademarks | 10,536 |  |  | (4,589) |  |  | 10,536 |  |  | (3,518) |
Foreign Currency Translation | — |  |  | (4,706) |  |  | — |  |  | (4,760) |
Total | $ | 188,016 |  |  | $ | (66,036) |  |  | $ | 188,406 |  |  | $ | (58,572) |
Amortization expense was $4.0 million and $7.9 million for the thirteen and twenty-six weeks ended April 25, 2021, respectively, compared to $3.4 million and $6.2 million for the thirteen and twenty-six weeks ended April 26, 2020. Estimated annual amortization expense for the five fiscal years after October 25, 2020, excluding the impact from the pending acquisition of the Planters® snack nuts business, 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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