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INVESTMENTS IN AFFILIATES | 3 Months Ended
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Jan. 26, 2025
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENTS IN AFFILIATES | NOTE D - INVESTMENTS IN AFFILIATES Equity in Earnings of Affiliates consists of:
|  |  | Quarter Ended |  |
In thousands | % Owned |  | January 26, 2025 |  | January 28, 2024 |  |  |  |
MegaMex Foods, LLC(1) | 50% |  | $ | 9,303 |  |  | $ | 8,091 |  |  |  |  |
Other Equity Method Investments(2) | Various (25-45%) |  | 6,808 |  |  | 8,000 |  |  |  |  |
Total Equity in Earnings of Affiliates |  | $ | 16,111 |  |  | $ | 16,091 |  |  |  |  |
(1) MegaMex Foods, LLC is reflected in the Retail segment. (2) Other Equity Method Investments are primarily reflected in the International segment but also include corporate venturing investments. Distributions received from equity method investees consists of:
| Quarter Ended |  |
In thousands | January 26, 2025 |  | January 28, 2024 |  |  |  |
Dividends | $ | 19,894 |  |  | $ | 15,731 |  |  |  |  |
The Company recognized basis differences of $324.8 million upon the purchase of a minority interest in PT Garudafood Putra Putri Jaya Tbk (Garudafood) and $21.3 million associated with the formation of MegaMex Foods, LLC. As of January 26, 2025, basis differences of $307.8 million, which includes the impact of foreign currency translation, and $8.2 million were remaining for Garudafood and MegaMex Foods, LLC, respectively. The basis differences associated with definite-lived assets are being amortized through Equity in Earnings of Affiliates over the associated useful lives. Based on quoted market prices, the fair value of the common stock held in Garudafood was $273.1 million as of January 24, 2025.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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