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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. 29, 2023 USD ($) bu | Oct. 30, 2022 USD ($) bu | Oct. 31, 2021 USD ($) bu
Derivatives and Hedging |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 793,572 | $ 999,987 | $ 908,839
Cash Flow Hedges | Corn |  |  |
Fair Value Hedges |  |  |
Future contracts, volume (in bushels) | bu | 30.7 | 34.3 |
Designated as Hedging |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | $ (15,466) | $ 35,094 | 332
Designated as Hedging | Commodity Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | (3,955) | 35,101 | (67)
Designated as Hedging | Interest Rate Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | (11,511) | (7) | 399
Designated as Hedging | Cash Flow Hedges | Commodity Contracts |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | 1,225 | 55,350 | 31,787
Amortization of Excluded Component from Options | (5,835) | (4,369) | (3,033)
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | 0 | 2,242 | (743)
Designated as Hedging | Cash Flow Hedges | Interest Rate Locks |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | 988 | 988 | 399
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 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 | 656 | $ (18,122) | $ (28,078)
Designated as Hedging | Fair Value Hedges | Interest Rate Swap |  |  |
Fair Value Hedges |  |  |
Gain (Loss) on Commodity Futures and Interest Rate Swap | 0 | 928 | 0
Amortization of Loss Due to Discontinuance of Fair Value Hedge | $ (12,499) | $ (1,923) | $ 0

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