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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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May 01, 2022
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 quarter and six months ended May 1, 2022 are:
in thousands | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | International & Other |  | Total
Balance at January 30, 2022 | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | 258,737 |  |  | $ | 4,928,139 |
Foreign Currency Translation | — |  |  | — |  |  | — |  |  | 7,692 |  |  | 7,692 |
Balance at May 1, 2022 | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | 266,429 |  |  | $ | 4,935,832 |
Balance at October 31, 2021 | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | 259,699 |  |  | $ | 4,929,102 |
Foreign Currency Translation | — |  |  | — |  |  | — |  |  | 6,730 |  |  | 6,730 |
Balance at May 1, 2022 | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | 266,429 |  |  | $ | 4,935,832 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
in thousands | May 1, 2022 |  | October 31, 2021
Brands/Tradenames/Trademarks | $ | 1,665,190 |  |  | $ | 1,665,190 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (5,276) |  |  | (6,646) |
Total | $ | 1,660,098 |  |  | $ | 1,658,728 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| May 1, 2022 |  |  |  | October 31, 2021
in thousands | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Customer Lists/Relationships | $ | 168,239 |  |  | $ | (63,318) |  |  |  |  | $ | 168,239 |  |  | $ | (56,882) |  |  |
Other Intangibles | 59,241 |  |  | (9,481) |  |  |  |  | 60,241 |  |  | (8,356) |  |  |
Tradenames/Trademarks | 10,536 |  |  | (6,773) |  |  |  |  | 10,536 |  |  | (5,700) |  |  |
Foreign Currency Translation | — |  |  | (4,041) |  |  |  |  | — |  |  | (4,534) |  |  |
Total | $ | 238,016 |  |  | $ | (83,613) |  |  |  |  | $ | 239,016 |  |  | $ | (75,471) |  |  |
Amortization expense was $4.8 million and $9.6 million for the quarter and six months ended May 1, 2022, respectively, compared to $4.0 million and $7.9 million for the quarter and six months ended April 25, 2021. Estimated annual amortization expense for the five fiscal years after October 31, 2021, is as follows:
in thousands | Amortization Expense
2022 | $ | 19,244 |
2023 | 18,351 |
2024 | 16,352 |
2025 | 14,627 |
2026 | 14,170 |

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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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