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INVESTMENTS IN AND RECEIVABLES FROM AFFILIATES
 9 Months Ended
Jul. 25, 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% OwnedJuly 25, 2021October 25, 2020
MegaMex Foods, LLCGrocery Products50%$209,613 $220,907 
Other Joint VenturesInternational & Other
Various (20-40%)
94,805 87,466 
Total$304,417 $308,372 

Equity in Earnings of Affiliates consists of:
  Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands)
 
Segment
July 25, 2021July 26, 2020July 25, 2021July 26, 2020
MegaMex Foods, LLCGrocery Products$7,529 $5,799 $29,625 $22,939 
Other Joint VenturesInternational & Other2,891 2,435 8,097 2,904 
Total$10,420 $8,235 $37,722 $25,843 
 
For the thirteen and thirty-nine weeks ended July 25, 2021, $11.2 million and $33.7 million of dividends were received from affiliates, compared to $7.5 million and $27.5 million of dividends received for the thirteen and thirty-nine weeks ended July 26, 2020.
The Company recognized a basis difference of $21.3 million associated with the formation of MegaMex Foods, LLC, of which $11.2 million is remaining as of July 25, 2021. This difference is being amortized through Equity in Earnings of Affiliates.