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DERIVATIVES AND HEDGING - Consolidated Condensed Statements of Operations Impact of Gains or Losses on Derivative Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jul. 28, 2024 | Jul. 30, 2023 | Jul. 28, 2024 | Jul. 30, 2023
Derivative [Line Items] |  |  |  |
Net Earnings Attributable to Hormel Foods Corporation | $ 176,701 | $ 162,679 | $ 584,842 | $ 597,637
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | (1,828) | (9,148) | (24,718) | (7,681)
Derivatives designated as hedges | Commodity Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | (874) | (6,271) | (18,008) | 952
Derivatives designated as hedges | Interest Rate Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Total Gain (Loss) Recognized in Earnings | (955) | (2,878) | (6,710) | (8,633)
Derivatives designated as hedges | Cash Flow Hedges | Commodity Contracts |  |  |  |
Cash Flow Hedges |  |  |  |
Gain (Loss) Reclassified from AOCL | (1,541) | (5,758) | (21,297) | 5,833
Amortization of Excluded Component from Options | (472) | (1,531) | (2,478) | (4,441)
Derivatives designated as hedges | Cash Flow Hedges | Interest Rate Contracts |  |  |  |
Cash Flow Hedges |  |  |  |
Gain (Loss) Reclassified from AOCL | 247 | 247 | 741 | 741
Derivatives designated as hedges | Fair Value Hedges | Commodity Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Gain (Loss) on Commodity Futures | 1,139 | 1,019 | 5,766 | (440)
Derivatives designated as hedges | Fair Value Hedges | Interest Rate Contracts |  |  |  |
Fair Value Hedges |  |  |  |
Amortization of Loss Due to Discontinuance of Fair Value Hedge | $ (1,202) | $ (3,125) | $ (7,451) | $ (9,374)

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