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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Oct. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in the carrying amount of goodwill | The change in the carrying amount of goodwill for the fiscal years ended October 27, 2024 and October 29, 2023, is:
In thousands |  | Grocery Products |  | Refrigerated Foods |  | Jennie-O Turkey Store |  | Retail |  | Foodservice |  | International |  |  |  | Total
Balance at October 30, 2022 |  | $ | 2,398,354 |  |  | $ | 2,094,421 |  |  | $ | 176,628 |  |  | $ | — |  |  | $ | — |  |  | $ | 256,427 |  |  |  |  | $ | 4,925,829 |
Goodwill Reallocation |  | (2,398,354) |  |  | (2,094,421) |  |  | (176,628) |  |  | 2,916,796 |  |  | 1,750,594 |  |  | 2,013 |  |  |  |  | — |
Foreign Currency Translation |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,635 |  |  |  |  | 2,635 |
Balance at October 29, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 261,074 |  |  |  |  | $ | 4,928,464 |
Goodwill Sold |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,239) |  |  | — |  |  |  |  | (2,239) |
Foreign Currency Translation |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,738) |  |  |  |  | (2,738) |
Balance at October 27, 2024 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,916,796 |  |  | $ | 1,748,355 |  |  | $ | 258,336 |  |  |  |  | $ | 4,923,487 |
Schedule of carrying amounts for indefinite-lived intangible assets | The carrying amounts for indefinite-lived intangible assets are:
In thousands |  | October 27, 2024 |  | October 29, 2023
Brands/Trade Names/Trademarks |  | $ | 1,629,582 |  |  | $ | 1,636,807 |
Other Intangibles |  | 184 |  |  | 184 |
Foreign Currency Translation |  | (6,655) |  |  | (5,893) |
Total Indefinite-lived Intangible Assets |  | $ | 1,623,112 |  |  | $ | 1,631,098 |
Schedule of gross carrying amount and accumulated amortization for definite-lived intangible assets | The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
|  | October 27, 2024 |  | October 29, 2023
In thousands |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer Relationships |  | $ | 168,239 |  |  | $ | (93,536) |  |  | $ | 168,239 |  |  | $ | (82,658) |
Other Intangibles |  | 59,241 |  |  | (20,107) |  |  | 59,241 |  |  | (15,857) |
Trade Names/Trademarks |  | 6,210 |  |  | (5,996) |  |  | 6,540 |  |  | (5,089) |
Foreign Currency Translation |  | — |  |  | (4,458) |  |  | — |  |  | (4,344) |
Total Definite-lived Intangible Assets |  | $ | 233,690 |  |  | $ | (124,097) |  |  | $ | 234,020 |  |  | $ | (107,947) |
Schedule of amortization expense on intangible assets | Amortization expense on intangible assets for the last three fiscal years is as follows:
In thousands |  | Amortization Expense
2024 |  | $ | 16,366 |
2023 |  | 18,386 |
2022 |  | 19,274 |
Schedule of estimated annual amortization expense on intangible assets | Estimated annual amortization expense on intangible assets for the five fiscal years after October 27, 2024, is as follows:
In thousands |  | Amortization Expense
2025 |  | $ | 14,624 |
2026 |  | 14,169 |
2027 |  | 13,927 |
2028 |  | 12,972 |
2029 |  | 11,504 |

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