| GOODWILL AND INTANGIBLE ASSETS |
NOTE C - GOODWILL AND INTANGIBLE ASSETS
Goodwill: The change in the carrying amount of goodwill for the six months ended April 26, 2026, is: | | | | | | | | | | | | | | | | | | | | | | | | | In thousands | Retail | | Foodservice | | International | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at October 26, 2025 | $ | 2,916,796 | | | $ | 1,748,355 | | | $ | 258,936 | | | $ | 4,924,087 | | Goodwill Sold(1) | (53,086) | | | (1,330) | | | — | | | (54,416) | | | Foreign Currency Translation | — | | | — | | | 2,264 | | | 2,264 | | Balance at April 26, 2026 | $ | 2,863,709 | | | $ | 1,747,025 | | | $ | 261,200 | | | $ | 4,871,935 | |
(1) Goodwill sold during fiscal 2026 was due to the sale of the Company's controlling equity interest in Justin's, LLC ($34.9 million) and the divestiture of the whole-bird turkey business ($19.5 million). See Note B - Acquisitions and Divestitures for additional information.
Intangible Assets: The Company's intangible assets by type are: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 26, 2026 | | October 26, 2025 | | In thousands | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net
Carrying
Amount | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net
Carrying
Amount | | Definite-lived Intangible Assets | | | | | | | | | | | | | | Customer Relationships | | $ | 107,648 | | | $ | (58,980) | | | $ | 48,668 | | | $ | 134,328 | | | $ | (78,565) | | | $ | 55,763 | | | Other Definite-lived Intangibles | | 59,095 | | | (26,390) | | | 32,704 | | | 59,445 | | | (24,620) | | | 34,824 | | | Trade Names/Trademarks | | — | | | — | | | — | | | 6,210 | | | (6,210) | | | — | | | Foreign Currency Translation | | — | | | (2,867) | | | (2,867) | | | — | | | (4,476) | | | (4,476) | | | Total Definite-lived Intangible Assets | | $ | 166,742 | | | $ | (88,237) | | | $ | 78,505 | | | $ | 199,982 | | | $ | (113,872) | | | $ | 86,111 | | | Indefinite-lived Intangible Assets | | | | | | | | | | | | | Brands/Trade Names/Trademarks(1) | | | | | | $ | 1,513,306 | | | | | | | $ | 1,567,623 | | | Foreign Currency Translation | | | | | | (6,180) | | | | | | | (6,437) | | | Total Indefinite-lived Intangible Assets | | | | | | 1,507,126 | | | | | | | 1,561,186 | | | Total Intangible Assets | | | | | | $ | 1,585,631 | | | | | | | $ | 1,647,297 | |
(1) Includes the removal of a $54.3 million indefinite‑lived trade name following the sale of the Company's controlling equity interest in Justin's, LLC in the first quarter of fiscal 2026. See Note B - Acquisitions and Divestitures for additional information.
Amortization expense on intangible assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Six Months Ended | | In thousands | April 26, 2026 | | April 27, 2025 | | April 26, 2026 | | April 27, 2025 | | Amortization Expense | $ | 3,014 | | | $ | 3,588 | | | $ | 6,084 | | | $ | 7,418 | |
Estimated annual amortization expense on intangible assets for the five fiscal years after October 26, 2025, is as follows: | | | | | | | In thousands | Amortization
Expense | | 2026 | $ | 12,042 | | | 2027 | 11,685 | | | 2028 | 10,773 | | | 2029 | 9,511 | | | 2030 | 9,326 | |
|