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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Jul. 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 thirty-nine weeks ended July 25, 2021, are:
(in thousands) | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | International & Other |  | Total
Balance at April 25, 2021 | $ | 632,301 |  |  | $ | 1,607,005 |  |  | $ | 176,628 |  |  | $ | 198,102 |  |  | $ | 2,614,036 |
Goodwill Acquired(1) | 1,878,660 |  |  | 353,135 |  |  | — |  |  | 55,137 |  |  | 2,286,932 |
Foreign Currency Translation | — |  |  | — |  |  | — |  |  | 6,105 |  |  | 6,105 |
Balance at July 25, 2021 | $ | 2,510,961 |  |  | $ | 1,960,140 |  |  | $ | 176,628 |  |  | $ | 259,344 |  |  | $ | 4,907,073 |
(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 |
Goodwill Acquired(1) | 1,878,660 |  |  | 353,135 |  |  | — |  |  | 55,137 |  |  | 2,286,932 |
Foreign Currency Translation | — |  |  | — |  |  | — |  |  | 7,415 |  |  | 7,415 |
Balance at July 25, 2021 | $ | 2,510,961 |  |  | $ | 1,960,140 |  |  | $ | 176,628 |  |  | $ | 259,344 |  |  | $ | 4,907,073 |
(1) Represents preliminary allocation of goodwill to reportable segments. See additional details regarding the acquisition in Note B - Acquisitions and Divestitures. Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
(in thousands) | July 25, 2021 |  | October 25, 2020
Brands/Tradenames/Trademarks | $ | 1,700,190 |  |  | $ | 953,190 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (5,766) |  |  | (6,923) |
Total | $ | 1,694,609 |  |  | $ | 946,452 |
The increase in Brands/Tradenames/Trademarks represents the estimated fair value of indefinite-lived assets acquired as part of the acquisition of the Planters® snack nuts business and is preliminary pending final purchase accounting adjustments. See Note B - Acquisitions and Divestitures. The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| July 25, 2021 |  | October 25, 2020
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Ave Life (In Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Ave Life (In Years)
Customer Lists/Relationships | $ | 168,239 |  |  | $ | (53,409) |  |  | 12.7 |  | $ | 117,239 |  |  | $ | (45,996) |  |  | 12.2
Other Intangibles | 60,241 |  |  | (7,211) |  |  | 13.8 |  | 60,631 |  |  | (4,298) |  |  | 13.8
Tradenames/Trademarks | 10,536 |  |  | (5,125) |  |  | 4.9 |  | 10,536 |  |  | (3,518) |  |  | 4.9
Foreign Currency Translation | — |  |  | (4,165) |  |  | — |  |  | — |  |  | (4,760) |  |  | — |
Total | $ | 239,016 |  |  | $ | (69,910) |  |  | 12.7 |  | $ | 188,406 |  |  | $ | (58,572) |  |  | 12.3
The increase in Customer Lists/Relationships represents the estimated fair value of definite-lived assets acquired as part of the acquisition of the Planters® snack nuts business and is preliminary pending final purchase accounting adjustments. See Note B - Acquisitions and Divestitures. Amortization expense was $4.4 million and $12.3 million for the thirteen and thirty-nine weeks ended July 25, 2021, respectively, compared to $4.1 million and $10.3 million for the thirteen and thirty-nine weeks ended July 26, 2020. Estimated annual amortization expense for the five fiscal years after October 25, 2020, is as follows:
(in thousands) |
2021 | $ | 17,948 |
2022 | 19,680 |
2023 | 18,775 |
2024 | 16,691 |
2025 | 15,075 |

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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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