v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jul. 26, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of changes in the carrying amount of goodwill The change in the carrying amount of goodwill for the nine months ended July 26, 2026, is:
In thousandsRetailFoodserviceInternationalTotal
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)
Goodwill Reclassified to Assets Held for Sale(2)
— — (4,470)(4,470)
Foreign Currency Translation— — 2,563 2,563 
Balance at July 26, 2026
$2,863,709 $1,747,025 $257,028 $4,867,763 
(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.
(2)    Goodwill reclassified to assets held for sale in the third quarter of fiscal 2026 relates to the Brazil divestiture. See Note B - Acquisitions and Divestitures for additional information.
Schedule of definite-lived and indefinite-lived intangible assets The Company's intangible assets by type are:
July 26, 2026October 26, 2025
In thousandsGross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Definite-lived Intangible Assets
Customer Relationships$99,017 $(55,251)$43,766 $134,328 $(78,565)$55,763 
Other Definite-lived Intangibles59,095 (27,450)31,644 59,445 (24,620)34,824 
Trade Names/Trademarks— — — 6,210 (6,210)— 
Foreign Currency Translation— — — — (4,476)(4,476)
Total Definite-lived Intangible Assets$158,112 $(82,701)$75,411 $199,982 $(113,872)$86,111 
Indefinite-lived Intangible Assets
Brands/Trade Names/Trademarks(1)
$1,497,439 $1,567,623 
Foreign Currency Translation— (6,437)
Total Indefinite-lived Intangible Assets1,497,439 1,561,186 
Total Intangible Assets$1,572,850 $1,647,297 
(1)    In the third quarter of fiscal 2026, an indefinite-lived trade name associated with the Brazil divestiture was reclassified to assets held for sale ($9.7 million). Due to the sale of the Company's controlling equity interest in Justin's, LLC in the first quarter of fiscal 2026, the related indefinite‑lived trade name was derecognized ($54.3 million). See Note B - Acquisitions and Divestitures for additional information.
Schedule of amortization expense
Amortization expense on intangible assets is as follows:
Quarter EndedNine Months Ended
In thousandsJuly 26, 2026July 27, 2025July 26, 2026July 27, 2025
Amortization Expense$3,020 $3,797 $9,103 $11,215 
Schedule of estimated annual amortization expense
Estimated annual amortization expense on intangible assets for the five fiscal years after October 26, 2025, is as follows:
In thousandsAmortization
Expense
2026$11,973 
202711,685 
202810,773 
20299,511 
20309,326