XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Jul. 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 nine months ended July 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 | — |  |  | — |  |  | (4,733) |  |  | (4,733) |
Balance at July 28, 2024 | $ | 2,916,796 |  |  | $ | 1,750,594 |  |  | $ | 256,341 |  |  | $ | 4,923,731 |
Intangible Assets: The carrying amounts for indefinite-lived intangible assets are:
In thousands | July 28, 2024 |  | October 29, 2023
Brands/Trade Names/Trademarks | $ | 1,636,807 |  |  | $ | 1,636,807 |
Other Intangibles | 184 |  |  | 184 |
Foreign Currency Translation | (6,893) |  |  | (5,893) |
Total Indefinite-lived Intangible Assets | $ | 1,630,099 |  |  | $ | 1,631,098 |
The gross carrying amount and accumulated amortization for definite-lived intangible assets are:
| July 28, 2024 |  |  |  | October 29, 2023
In thousands | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Customer Lists/Relationships | $ | 168,239 |  |  | $ | (90,951) |  |  |  |  | $ | 168,239 |  |  | $ | (82,658) |  |  |
Other Intangibles | 59,241 |  |  | (19,045) |  |  |  |  | 59,241 |  |  | (15,857) |  |  |
Trade Names/Trademarks | 6,210 |  |  | (5,687) |  |  |  |  | 6,540 |  |  | (5,089) |  |  |
Foreign Currency Translation | — |  |  | (4,492) |  |  |  |  | — |  |  | (4,344) |  |  |
Total Definite-lived Intangible Assets | $ | 233,690 |  |  | $ | (120,174) |  |  |  |  | $ | 234,020 |  |  | $ | (107,947) |  |  |
Amortization expense on intangible assets is as follows:
| Quarter Ended |  |  |  | Nine Months Ended
In thousands | July 28, 2024 |  | July 30, 2023 |  |  |  | July 28, 2024 |  | July 30, 2023 |
Amortization Expense | $ | 3,968 |  |  | $ | 4,605 |  |  |  |  | $ | 12,409 |  |  | $ | 13,806 |  |
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 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration