$HRL
HORMEL FOODS CORP /DE/

2020 Q1 Form 10-Q Financial Statement

#000004846520000008 Filed on March 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $2.384B $2.360B
YoY Change 1.02% 1.25%
Cost Of Revenue $1.916B $1.872B
YoY Change 2.35% 2.13%
Gross Profit $468.4M $488.3M
YoY Change -4.08% -2.0%
Gross Profit Margin 19.64% 20.69%
Selling, General & Admin $195.5M $193.5M
YoY Change 1.02% -11.97%
% of Gross Profit 41.74% 39.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.19M $36.85M
YoY Change 11.79% 2.74%
% of Gross Profit 8.79% 7.55%
Operating Expenses $195.5M $193.5M
YoY Change 1.02% -11.97%
Operating Profit $280.5M $306.2M
YoY Change -8.41% 1.42%
Interest Expense $3.577M $6.147M
YoY Change -41.81% 29.99%
% of Operating Profit 1.28% 2.01%
Other Income/Expense, Net $13.25M $6.874M
YoY Change 92.77% -13.41%
Pretax Income $290.2M $307.0M
YoY Change -5.48% 0.59%
Income Tax $47.21M $65.46M
% Of Pretax Income 16.27% 21.32%
Net Earnings $242.9M $241.4M
YoY Change 0.6% -20.35%
Net Earnings / Revenue 10.19% 10.23%
Basic Earnings Per Share $0.45 $0.45
Diluted Earnings Per Share $0.45 $0.44
COMMON SHARES
Basic Shares Outstanding 535.1M shares 534.5M shares
Diluted Shares Outstanding 544.8M shares 547.1M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $739.2M $512.7M
YoY Change 44.18% 32.89%
Cash & Equivalents $724.4M $512.7M
Short-Term Investments $14.80M
Other Short-Term Assets $10.98M $4.761M
YoY Change 130.54% 7.79%
Inventory $1.057B $994.4M
Prepaid Expenses $24.82M $23.60M
Receivables $562.5M $565.1M
Other Receivables $200.0K $100.0K
Total Short-Term Assets $2.395B $2.101B
YoY Change 14.01% 7.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.756B $1.484B
YoY Change 18.32% 14.74%
Goodwill $2.484B $2.717B
YoY Change -8.56% -8.14%
Intangibles $1.032B $1.205B
YoY Change -14.37% 17.75%
Long-Term Investments $290.8M $277.8M
YoY Change 4.68% 5.99%
Other Assets $251.4M $171.0M
YoY Change 46.99% -13.01%
Total Long-Term Assets $5.895B $6.055B
YoY Change -2.64% 2.44%
TOTAL ASSETS
Total Short-Term Assets $2.395B $2.101B
Total Long-Term Assets $5.895B $6.055B
Total Assets $8.290B $8.155B
YoY Change 1.65% 3.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0M $505.6M
YoY Change -3.08% -5.11%
Accrued Expenses $64.70M $50.36M
YoY Change 28.48% -30.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $8.259M $374.9M
YoY Change -97.8%
Total Short-Term Liabilities $1.023B $1.436B
YoY Change -28.75% 8.48%
LONG-TERM LIABILITIES
Long-Term Debt $309.0M $250.0M
YoY Change 23.59% -59.98%
Other Long-Term Liabilities $145.9M $100.1M
YoY Change 45.73% -7.19%
Total Long-Term Liabilities $454.9M $350.1M
YoY Change 29.92% -52.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.023B $1.436B
Total Long-Term Liabilities $454.9M $350.1M
Total Liabilities $1.478B $1.786B
YoY Change -17.24% -13.14%
SHAREHOLDERS EQUITY
Retained Earnings $6.247B $5.856B
YoY Change 6.67% 9.12%
Common Stock $7.873M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.092B $5.702B
YoY Change
Total Liabilities & Shareholders Equity $8.290B $8.155B
YoY Change 1.65% 3.77%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $242.9M $241.4M
YoY Change 0.6% -20.35%
Depreciation, Depletion And Amortization $41.19M $36.85M
YoY Change 11.79% 2.74%
Cash From Operating Activities $188.4M $187.4M
YoY Change 0.53% -38.38%
INVESTING ACTIVITIES
Capital Expenditures $58.21M $39.43M
YoY Change 47.63% -26.57%
Acquisitions
YoY Change
Other Investing Activities -$2.300M $37.80M
YoY Change -106.08% -104.44%
Cash From Investing Activities -$60.50M -$1.679M
YoY Change 3503.57% -99.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $44.81M
YoY Change -100.0% 77.82%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$77.92M -$128.9M
YoY Change -39.55% -123.95%
NET CHANGE
Cash From Operating Activities $188.4M $187.4M
Cash From Investing Activities -$60.50M -$1.679M
Cash From Financing Activities -$77.92M -$128.9M
Net Change In Cash $51.52M $53.55M
YoY Change -3.8% -185.07%
FREE CASH FLOW
Cash From Operating Activities $188.4M $187.4M
Capital Expenditures $58.21M $39.43M
Free Cash Flow $130.2M $148.0M
YoY Change -12.02% -40.92%

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241519000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4924000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
44809000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7946000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
15998000 USD
CY2019Q1 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
112706000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5705779000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5925535000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
242953000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6346000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
241519000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
41194000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
36848000 USD
CY2020Q1 hrl Amortization Of Intangible Assets And Leases Right Of Use Asset
AmortizationOfIntangibleAssetsAndLeasesRightOfUseAsset
8135000 USD
CY2019Q1 hrl Amortization Of Intangible Assets And Leases Right Of Use Asset
AmortizationOfIntangibleAssetsAndLeasesRightOfUseAsset
3170000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7588000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11458000 USD
CY2020Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
10000000 USD
CY2019Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
49000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
125000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
23000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-450000 USD
CY2020Q1 hrl Noncash Investment Activities
NoncashInvestmentActivities
12761000 USD
CY2019Q1 hrl Noncash Investment Activities
NoncashInvestmentActivities
9516000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9298000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7946000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11492000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-36262000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14915000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30901000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5451000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5625000 USD
CY2020Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
647000 USD
CY2019Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
4237000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-135988000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-147318000 USD
CY2020Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
41376000 USD
CY2019Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
61686000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
188418000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
187425000 USD
CY2020Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
16000 USD
CY2019Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58211000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39430000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1114000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
30305000 USD
CY2020Q1 hrl Decrease Increase In Investments Equity In Affiliates And Other Assets
DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets
4509000 USD
CY2019Q1 hrl Decrease Increase In Investments Equity In Affiliates And Other Assets
DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets
-7302000 USD
CY2020Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1118000 USD
CY2019Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
144000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60504000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1679000 USD
CY2020Q1 hrl Repayments Of Long Term Debt And Long Term Lease Obligation
RepaymentsOfLongTermDebtAndLongTermLeaseObligation
2019000 USD
CY2019Q1 hrl Proceeds From Debt And Long Term Lease Obligation Net Of Issuance Costs
ProceedsFromDebtAndLongTermLeaseObligationNetOfIssuanceCosts
38000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
112249000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
100125000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44809000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36353000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15997000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-77915000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128899000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1519000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3294000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51518000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53553000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
672901000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
459136000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
724419000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
512689000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
628124000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
604035000 USD
CY2020Q1 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
249954000 USD
CY2019Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
255474000 USD
CY2020Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
111781000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
116981000 USD
CY2020Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
67419000 USD
CY2019Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
65872000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
1057277000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1042362000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11644000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10739000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8921000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2481645000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2443000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
2484088000 USD
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
949981000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
955781000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126906000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45083000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
120696000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42615000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11700000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12000000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11458000 USD
CY2020Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
3600000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1916014000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1872021000 USD
CY2020Q1 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
1311000 USD
CY2019Q1 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-1669000 USD
CY2020Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
290777000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
289157000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7588000 USD
CY2020Q1 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
10000000.0 USD
CY2019Q1 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
0 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.163
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
CY2020Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
23300000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
27200000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6500000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9300000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7900000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
32500000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36400000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16000000.0 USD
CY2020Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
10000000.0 USD
CY2020Q1 hrl Accumulated Gain Losson Closed Derivatives
AccumulatedGainLossonClosedDerivatives
13300000 USD
CY2020Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
3300000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
6500000 USD
CY2019Q4 hrl Accumulated Gain Losson Closed Derivatives
AccumulatedGainLossonClosedDerivatives
10500000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
4000000.0 USD
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
259600000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
257700000 USD
CY2020Q1 hrl Lessee Operating Lease Number Of Renewal Or Termination Options
LesseeOperatingLeaseNumberOfRenewalOrTerminationOptions
1 renewal_option
CY2020Q1 hrl Lessee Operating Lease Number Of Leases With Residual Value Guarantee
LesseeOperatingLeaseNumberOfLeasesWithResidualValueGuarantee
1 renewal_option
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60226000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
67126000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
7891000 USD
CY2020Q1 hrl Lessee Operating Lease And Finance Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseAndFinanceLiabilityPaymentsRemainderOfFiscalYear
19582000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11653000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
10338000 USD
CY2020Q1 hrl Lease Right Of Use Asset
LeaseRightOfUseAsset
127352000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13728000 USD
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8259000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
48561000 USD
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
58972000 USD
CY2020Q1 hrl Lease Liability
LeaseLiability
129520000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5124000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1999000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
605000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
102668000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
110396000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M25D
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M29D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0230
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0358
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3057000 USD
CY2020Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
605000 USD
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2019000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11691000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
21991000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9139000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9934000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
19072000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8157000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9738000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
17895000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5730000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
9612000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
15341000 USD
CY2020Q1 hrl Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
3396000 USD
CY2020Q1 hrl Finance Lease Liability Payments Due Year Six
FinanceLeaseLiabilityPaymentsDueYearSix
8117000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due Year Six
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearSix
11513000 USD
CY2020Q1 hrl Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
18644000 USD
CY2020Q1 hrl Finance Lease Liability Payments Due After Year Six
FinanceLeaseLiabilityPaymentsDueAfterYearSix
21192000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due After Year Six
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearSix
39836000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
68410000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
76821000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
145231000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6120000 USD
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9591000 USD
CY2020Q1 hrl Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
15711000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
62290000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
67230000 USD
CY2020Q1 hrl Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
129520000 USD
CY2020Q1 hrl Lessee Operating Lease Lease Not Yet Commenced Excluded From Lease Liability
LesseeOperatingLeaseLeaseNotYetCommencedExcludedFromLeaseLiability
3600000 USD
CY2020Q1 hrl Lessee Finance Lease Option To Purchase Underlying Asset Included In Lease Liability
LesseeFinanceLeaseOptionToPurchaseUnderlyingAssetIncludedInLeaseLiability
8900000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
535075000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
534495000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9740000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12623000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
544815000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547118000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2734000 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1070000 shares
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2384434000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2360355000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2384434000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2360355000 USD
CY2020Q1 hrl Net Unallocated Expense
NetUnallocatedExpense
4199000 USD
CY2019Q1 hrl Net Unallocated Expense
NetUnallocatedExpense
13891000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
81000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
94000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
290162000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
306975000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2384434000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2360355000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2384434000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2360355000 USD

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