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SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 25, 2021

Segment Reporting [Abstract]

Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes

Sales and segment profit for each of the Company’s reportable segments and reconciliation to Earnings Before Income Taxes are set forth below. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the profit and other financial information shown below.

			Thirteen Weeks Ended												Thirty-Nine Weeks Ended
(in thousands)			July 25, 2021						July 26, 2020						July 25, 2021						July 26, 2020
Sales to Unaffiliated Customers
Grocery Products			$	698,584					$	580,798					$	1,904,415					$	1,804,674
Refrigerated Foods			1,624,641						1,363,092						4,445,099						3,962,219
Jennie-O Turkey Store			350,897						286,805						1,035,397						959,988
International & Other			189,548						150,762						546,528						461,475
Total			$	2,863,670					$	2,381,457					$	7,931,438					$	7,188,357
Intersegment Sales
Grocery Products			$	—					$	—					$	—					$	13
Refrigerated Foods			7,636						5,092						19,527						16,143
Jennie-O Turkey Store			30,581						25,361						89,715						82,082
International & Other			—						—						—
Total			38,217						30,454						109,242						98,237
Intersegment Elimination			(38,217)						(30,454)						(109,242)						(98,237)
Total			$	—					$	—					$	—					$	—
Net Sales
Grocery Products			$	698,584					$	580,798					$	1,904,415					$	1,804,687
Refrigerated Foods			1,632,277						1,368,185						4,464,626						3,978,362
Jennie-O Turkey Store			381,478						312,166						1,125,112						1,042,070
International & Other			189,548						150,762						546,528						461,475
Intersegment Elimination			(38,217)						(30,454)						(109,242)						(98,237)
Total			$	2,863,670					$	2,381,457					$	7,931,438					$	7,188,357
Segment Profit
Grocery Products			$	80,791					$	80,169					$	270,963					$	276,367
Refrigerated Foods			153,216						152,822						467,740						451,596
Jennie-O Turkey Store			5,874						7,069						45,514						72,968
International & Other			27,915						23,620						84,600						66,735
Total Segment Profit			267,796						263,679						868,817						867,666
Net Unallocated Expense			63,715						4,457						95,166						31,754
Noncontrolling Interest			157						141						290						103
Earnings Before Income Taxes			$	204,238					$	259,364					$	773,940					$	836,014

Schedule of total revenues contributed by sales channel

The amount of total revenues contributed by sales channel are:

			Thirteen Weeks Ended												Thirty-Nine Weeks Ended
(in thousands)			July 25, 2021						July 26, 2020						July 25, 2021						July 26, 2020
U.S. Retail			$	1,520,365					$	1,390,075					$	4,365,081					$	4,072,156
U.S. Foodservice			851,897						588,130						2,162,481						1,864,050
U.S. Deli			266,506						238,076						777,308						721,748
International			224,902						165,177						626,568						530,402
Total			$	2,863,670					$	2,381,457					$	7,931,438					$	7,188,357

The amount of total revenues contributed by classes of similar products are: 

			Thirteen Weeks Ended												Thirty-Nine Weeks Ended
(in thousands)			July 25, 2021						July 26, 2020						July 25, 2021						July 26, 2020
Perishable			$	1,610,378					$	1,365,741					$	4,440,347					$	4,016,266
Shelf-stable			670,446						511,732						1,761,883						1,581,789
Poultry			500,121						426,345						1,468,957						1,368,386
Miscellaneous			82,726						77,640						260,251						221,915
Total			$	2,863,670					$	2,381,457					$	7,931,438					$	7,188,357

Schedule of changes to Company's total assets contributed by Planters acquisition

The asset values below reflect the preliminary purchase allocations associated with the acquisition of the Planters® snack nuts business.

(in thousands)			July 25, 2021						October 25, 2020
Assets
Grocery Products			$	4,590,540					$	1,713,883
Refrigerated Foods			4,758,687						4,188,250
Jennie-O Turkey Store			1,087,773						1,111,318
International & Other			797,181						721,729
Corporate			1,098,001						2,173,101
Total			$	12,332,182					$	9,908,282
Additions to Property, Plant, & Equipment
Grocery Products			$	12,468					$	34,409
Refrigerated Foods			93,020						249,441
Jennie-O Turkey Store			10,723						42,042
International & Other			6,776						3,737
Corporate			16,375						37,872
Total			$	139,361					$	367,501

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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