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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Jan. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE C - GOODWILL AND INTANGIBLE ASSETS Goodwill: The change in the carrying amount of goodwill for the three months ended January 26, 2025, is:
In thousands | Retail |  | Foodservice |  | International |  | Total
Balance at October 27, 2024 | $ | 2,916,796 |  |  | $ | 1,748,355 |  |  | $ | 258,336 |  |  | $ | 4,923,487 |
Foreign Currency Translation | — |  |  | — |  |  | (6,612) |  |  | (6,612) |
Balance at January 26, 2025 | $ | 2,916,796 |  |  | $ | 1,748,355 |  |  | $ | 251,724 |  |  | $ | 4,916,874 |
Intangible Assets: The intangible assets by type are:
|  | January 26, 2025 |  | October 27, 2024
In thousands |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Customer Relationships |  | $ | 143,139 |  |  | $ | (70,991) |  |  | $ | 72,148 |  |  | $ | 168,239 |  |  | $ | (93,536) |  |  | $ | 74,703 |
Other Definite-lived Intangibles |  | 59,241 |  |  | (21,170) |  |  | 38,071 |  |  | 59,241 |  |  | (20,107) |  |  | 39,134 |
Trade Names/Trademarks |  | 6,210 |  |  | (6,210) |  |  | — |  |  | 6,210 |  |  | (5,996) |  |  | 214 |
Foreign Currency Translation |  | — |  |  | (4,588) |  |  | (4,588) |  |  | — |  |  | (4,458) |  |  | (4,458) |
Total Definite-lived Intangible Assets |  | $ | 208,590 |  |  | $ | (102,959) |  |  | $ | 105,631 |  |  | $ | 233,690 |  |  | $ | (124,097) |  |  | $ | 109,593 |
Indefinite-lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Brands/Trade Names/Trademarks |  |  |  |  |  | $ | 1,629,582 |  |  |  |  |  |  | $ | 1,629,582 |
Other Indefinite-lived Intangibles |  |  |  |  |  | 184 |  |  |  |  |  |  | 184 |
Foreign Currency Translation |  |  |  |  |  | (7,743) |  |  |  |  |  |  | (6,655) |
Total Indefinite-lived Intangible Assets |  |  |  |  |  | 1,622,024 |  |  |  |  |  |  | 1,623,112 |
Total Intangible Assets |  |  |  |  |  | $ | 1,727,655 |  |  |  |  |  |  | $ | 1,732,705 |
Amortization expense on intangible assets is as follows:
| Quarter Ended |  |  |  |
In thousands | January 26, 2025 |  | January 28, 2024 |  |  |  |  |  |  |
Amortization Expense | $ | 3,830 |  |  | $ | 4,463 |  |  |  |  |  |  |  |
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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- 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
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