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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE B - GOODWILL AND INTANGIBLE ASSETS Goodwill: The change in the carrying amount of goodwill for the six months ended April 28, 2024, is:
In thousands | Retail |  | Foodservice |  | International |  | Total
Balance at October 29, 2023 | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 261,074 |  |  | $ | 4,928,464 |
Foreign Currency Translation | — |  |  | — |  |  | 570 |  |  | 570 |
Balance at April 28, 2024 | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 261,644 |  |  | $ | 4,929,034 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
In thousands | April 28, 2024 |  | October 29, 2023
Brands/Trade Names/Trademarks | $ | 1,636,807 |  |  | $ | 1,636,807 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (5,860) |  |  | (5,893) |
Total Indefinite-lived Intangible Assets | $ | 1,631,131 |  |  | $ | 1,631,098 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| April 28, 2024 |  |  |  | October 29, 2023
In thousands | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Customer Lists/Relationships | $ | 168,239 |  |  | $ | (88,355) |  |  |  |  | $ | 168,239 |  |  | $ | (82,658) |  |  |
Other Intangibles | 59,241 |  |  | (17,982) |  |  |  |  | 59,241 |  |  | (15,857) |  |  |
Trade Names/Trademarks | 6,210 |  |  | (5,377) |  |  |  |  | 6,540 |  |  | (5,089) |  |  |
Foreign Currency Translation | — |  |  | (4,329) |  |  |  |  | — |  |  | (4,344) |  |  |
Total Definite-lived Intangible Assets | $ | 233,690 |  |  | $ | (116,044) |  |  |  |  | $ | 234,020 |  |  | $ | (107,947) |  |  |
Amortization expense on intangible assets is as follows:
| Quarter Ended |  |  |  | Six Months Ended
In thousands | April 28, 2024 |  | April 30, 2023 |  |  |  | April 28, 2024 |  | April 30, 2023 |
Amortization Expense | $ | 3,978 |  |  | $ | 4,594 |  |  |  |  | $ | 8,442 |  |  | $ | 9,201 |  |
Estimated annual amortization expense on intangible assets for the five fiscal years after October 29, 2023, is as follows:
In thousands | Amortization Expense
2024 | $ | 16,381 |
2025 | 14,681 |
2026 | 14,210 |
2027 | 13,940 |
2028 | 13,009 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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