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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. 27, 2024 USD ($) bu | Oct. 29, 2023 USD ($) bu | Oct. 30, 2022 USD ($) bu
Derivatives and Hedging |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 805,038 | $ 793,572 | $ 999,987
Cash Flow Hedges | Corn |  |  |
Fair Value Hedges |  |  |
Future contracts, volume (in bushels) | bu | 29.2 | 30.7 |
Designated as Hedging |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | $ (29,420) | $ (15,466) | 35,094
Designated as Hedging | Commodity Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | (22,957) | (3,955) | 35,101
Designated as Hedging | Interest Rate Contracts |  |  |
Fair Value Hedges |  |  |
Total Gain (Loss) Recognized in Earnings | (6,463) | (11,511) | (7)
Designated as Hedging | Cash Flow Hedges | Commodity Contracts |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | (26,445) | 1,225 | 55,350
Amortization of Excluded Component from Options | (2,774) | (5,835) | (4,369)
Gain (Loss) Reclassified from AOCL Due to Discontinuance of Cash Flow Hedges | 0 | 0 | 2,242
Designated as Hedging | Cash Flow Hedges | Interest Rate Locks |  |  |
Cash Flow Hedges - Commodity Contracts |  |  |
Gain (Loss) Reclassified from AOCL | 988 | 988 | 988
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
Fair Value Hedges |  |  |
Future contracts, volume (in bushels) | bu |  |  | 1.0
Designated as Hedging | Fair Value Hedges | Commodity Contracts |  |  |
Fair Value Hedges |  |  |
Gain (Loss) on Commodity Futures and Interest Rate Swap | 6,263 | 656 | $ (18,122)
Designated as Hedging | Fair Value Hedges | Interest Rate Swap |  |  |
Fair Value Hedges |  |  |
Gain (Loss) on Commodity Futures and Interest Rate Swap | 0 | 0 | 928
Amortization of Loss Due to Discontinuance of Fair Value Hedge | $ (7,451) | $ (12,499) | $ (1,923)

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