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Derivatives and Hedging - Consolidated Statements of Operations Impact of Gains or Losses on Derivative Instruments (Details) $ in Thousands, bu in Millions | 12 Months Ended
--- | ---
Oct. 30, 2022 USD ($) bu | Oct. 31, 2021 USD ($) bu | Oct. 25, 2020 USD ($)
Derivatives and Hedging |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 999,987 | $ 908,839 | $ 908,082
Cash Flow Hedges - Commodity Contracts |  |  |
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Cost of Products Sold | Cost of Products Sold | Cost of Products Sold
Cash Flow Hedges | Corn |  |  |
Fair Value Hedges |  |  |
Future contracts, volume (in million bushels) | bu | 34.3 | 33.1 |
Designated as Hedging |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | $ 35,094 | $ 332 | $ (24,642)
Designated as Hedging | Commodity Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | 35,101 | (67) | (24,642)
Designated as Hedging | Interest Rate Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | (7) | 399 | 0
Designated as Hedging | Cash Flow Hedges | Commodity Contracts |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | 55,350 | 31,787 | (37,834)
Amortization of Excluded Component from Options | (4,369) | (3,033) | 0
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | 2,242 | (743) | 0
Designated as Hedging | Cash Flow Hedges | Interest Rate Locks |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | 988 | 399 | 0
Designated as Hedging | Cash Flow Hedges | Corn |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | $ 2,200 | $ (700) |
Fair Value Hedges |  |  |
Future contracts, volume (in million bushels) | bu | 1.0 | 2.8 |
Designated as Hedging | Fair Value Hedges | Commodity Contracts |  |  |
Fair Value Hedges |  |  |
Gain (Loss) on Commodity Futures and Interest Rate Swap | $ (18,122) | $ (28,078) | 13,192
Designated as Hedging | Fair Value Hedges | Interest Rate Swap |  |  |
Fair Value Hedges |  |  |
Gain (Loss) on Commodity Futures and Interest Rate Swap | 928 | 0 | 0
Amortization of Loss Due to Discontinuance of Fair Value Hedge | $ (1,923) | $ 0 | $ 0

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