$HRL
HORMEL FOODS CORP /DE/

2022 Q2 Form 10-Q Financial Statement

#000004846522000034 Filed on June 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $3.097B $3.044B $3.455B
YoY Change 18.8% 23.7% 42.75%
Cost Of Revenue $2.543B $2.506B $2.877B
YoY Change 19.38% 24.6% 46.6%
Gross Profit $553.5M $538.7M $578.1M
YoY Change 16.2% 19.68% 26.28%
Gross Profit Margin 17.87% 17.7% 16.73%
Selling, General & Admin $224.7M $226.0M $230.4M
YoY Change 12.35% 15.07% 20.78%
% of Gross Profit 40.59% 41.94% 39.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.03M $52.41M $65.92M
YoY Change 41.55% 26.6% 17.71%
% of Gross Profit 13.38% 9.73% 11.4%
Operating Expenses $224.7M $226.0M $230.4M
YoY Change 12.35% 15.07% 20.78%
Operating Profit $334.7M $319.7M $347.6M
YoY Change 15.66% 19.27% 30.22%
Interest Expense $14.66M $14.64M $4.590M
YoY Change 88.21% 77.95% -60.77%
% of Operating Profit 4.38% 4.58% 1.32%
Other Income/Expense, Net -$31.44M -$22.93M -$1.000K
YoY Change 97.66% 47.51%
Pretax Income $321.9M $308.9M $352.2M
YoY Change 10.0% 11.48% 26.38%
Income Tax $60.19M $69.19M $70.48M
% Of Pretax Income 18.7% 22.4% 20.01%
Net Earnings $261.6M $239.6M $281.7M
YoY Change 14.79% 7.78% 20.22%
Net Earnings / Revenue 8.45% 7.87% 8.16%
Basic Earnings Per Share $0.48 $0.44
Diluted Earnings Per Share $0.48 $0.44 $514.8K
COMMON SHARES
Basic Shares Outstanding 544.7M shares 542.7M shares
Diluted Shares Outstanding 550.0M shares 547.9M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $885.2M $846.6M $634.7M
YoY Change -41.07% -52.14% -63.35%
Cash & Equivalents $861.7M $824.4M $613.5M
Short-Term Investments $23.48M $22.19M $21.16M
Other Short-Term Assets $56.83M $40.61M $14.94M
YoY Change 105.1% 354.53% 20.14%
Inventory $1.597B $1.386B $1.369B
Prepaid Expenses $31.48M $24.97M
Receivables $795.3M $812.7M $895.7M
Other Receivables $7.763M $7.699M $8.293M
Total Short-Term Assets $3.374B $3.093B $2.948B
YoY Change -4.0% -14.11% -17.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.124B $2.102B $2.181B
YoY Change 11.92% 10.72% 11.79%
Goodwill $4.936B $4.928B $4.929B
YoY Change 88.82% 88.27% 88.66%
Intangibles $1.815B $1.817B $1.822B
YoY Change 69.83% 69.28% 69.31%
Long-Term Investments $275.8M $286.5M $299.0M
YoY Change -10.82% -6.04% -3.04%
Other Assets $295.1M $303.6M $299.9M
YoY Change 2.1% 11.51% 19.78%
Total Long-Term Assets $9.749B $9.734B $9.749B
YoY Change 52.93% 53.13% 54.02%
TOTAL ASSETS
Total Short-Term Assets $3.374B $3.093B $2.948B
Total Long-Term Assets $9.749B $9.734B $9.749B
Total Assets $13.12B $12.83B $12.70B
YoY Change 32.7% 28.81% 28.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $826.7M $799.4M $793.3M
YoY Change 43.19% 43.12% 23.07%
Accrued Expenses $552.5M $518.0M $51.19M
YoY Change 1070.7% 917.67% -13.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.084M $8.829M $8.756M
YoY Change -13.38% -96.59% -96.62%
Total Short-Term Liabilities $1.481B $1.415B $1.416B
YoY Change 25.99% -0.15% -5.87%
LONG-TERM LIABILITIES
Long-Term Debt $3.294B $3.309B $3.315B
YoY Change 216.59% 217.26% 217.26%
Other Long-Term Liabilities $160.4M $166.9M $162.6M
YoY Change -7.08% 3.04% 3.32%
Total Long-Term Liabilities $3.455B $3.476B $3.478B
YoY Change 184.76% 188.46% 189.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.481B $1.415B $1.416B
Total Long-Term Liabilities $3.455B $3.476B $3.478B
Total Liabilities $4.935B $4.891B $4.893B
YoY Change 106.64% 86.52% 80.82%
SHAREHOLDERS EQUITY
Retained Earnings $7.101B $6.980B $6.882B
YoY Change 5.99% 5.69% 5.5%
Common Stock $7.946M
YoY Change 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.339B $7.101B $6.973B
YoY Change
Total Liabilities & Shareholders Equity $13.12B $12.83B $12.70B
YoY Change 32.7% 28.81% 28.14%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $261.6M $239.6M $281.7M
YoY Change 14.79% 7.78% 20.22%
Depreciation, Depletion And Amortization $74.03M $52.41M $65.92M
YoY Change 41.55% 26.6% 17.71%
Cash From Operating Activities $193.4M $383.8M $564.1M
YoY Change 24.26% 86.57% 125.75%
INVESTING ACTIVITIES
Capital Expenditures -$78.47M $49.75M -$93.06M
YoY Change 73.98% 23.25% -33.86%
Acquisitions
YoY Change
Other Investing Activities $2.335M $67.00K -$2.463M
YoY Change -183.39% -93.91% -74.34%
Cash From Investing Activities -$76.13M -$49.68M -$95.52M
YoY Change 58.61% 26.41% -36.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -79.98M -$124.0M -143.4M
YoY Change -78.6% -7.97% 21.72%
NET CHANGE
Cash From Operating Activities 193.4M $383.8M 564.1M
Cash From Investing Activities -76.13M -$49.68M -95.52M
Cash From Financing Activities -79.98M -$124.0M -143.4M
Net Change In Cash 37.24M $210.9M 325.2M
YoY Change -114.0% 466.46% -1887.07%
FREE CASH FLOW
Cash From Operating Activities $193.4M $383.8M $564.1M
Capital Expenditures -$78.47M $49.75M -$93.06M
Free Cash Flow $271.8M $334.0M $657.2M
YoY Change 35.44% 102.03% 68.25%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000048465
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-30
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-05-01
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-2402
dei Entity Registrant Name
EntityRegistrantName
HORMEL FOODS CORPORATION
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
41-0319970
dei Entity Address Address Line1
EntityAddressAddressLine1
1 Hormel Place
dei Entity Address City Or Town
EntityAddressCityOrTown
Austin
dei Entity Address State Or Province
EntityAddressStateOrProvince
MN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
55912
dei City Area Code
CityAreaCode
507
dei Local Phone Number
LocalPhoneNumber
437-5611
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
HRL
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2606621000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6140917000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5067768000 USD
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2543088000 USD
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2130314000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5048697000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4141291000 USD
CY2022Q2 us-gaap Gross Profit
GrossProfit
553471000 USD
CY2021Q2 us-gaap Gross Profit
GrossProfit
476307000 USD
us-gaap Gross Profit
GrossProfit
1092220000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12814000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27302000 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
334728000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
289415000 USD
us-gaap Gross Profit
GrossProfit
926477000 USD
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
224659000 USD
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
199966000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
450631000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
396346000 USD
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5916000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13074000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
654402000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
557433000 USD
CY2022Q2 us-gaap Investment Income Net
InvestmentIncomeNet
1799000 USD
CY2021Q2 us-gaap Investment Income Net
InvestmentIncomeNet
10992000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
5668000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
28284000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
14658000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
7788000 USD
us-gaap Interest Expense
InterestExpense
29298000 USD
us-gaap Interest Expense
InterestExpense
16015000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
321868000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
292620000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
630772000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
569702000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60189000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64699000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129383000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119386000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
261679000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
227921000 USD
us-gaap Profit Loss
ProfitLoss
501389000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
544702000 shares
us-gaap Net Income Loss
NetIncomeLoss
501188000 USD
us-gaap Net Income Loss
NetIncomeLoss
450184000 USD
us-gaap Profit Loss
ProfitLoss
450316000 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
62000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
201000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
133000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
261617000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
227901000 USD
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
540195000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
543691000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
540054000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
550036000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547536000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
548982000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547490000 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
261679000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
227921000 USD
us-gaap Profit Loss
ProfitLoss
501389000 USD
us-gaap Profit Loss
ProfitLoss
450316000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14071000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7025000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14996000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10863000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2603000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4199000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5138000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-8399000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
27701000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
38029000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
36105000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
50628000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
44375000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35203000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
56239000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
69890000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
306054000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
263124000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
557628000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
520206000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
77000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-16000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
335000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
401000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
305977000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
263140000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
557293000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
519805000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
861719000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
613530000 USD
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
23478000 USD
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
21162000 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3500000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4033000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
795292000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
895719000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
1597001000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
24971000 USD
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
56826000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
14943000 USD
CY2022Q2 us-gaap Assets Current
AssetsCurrent
3373557000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1369198000 USD
CY2022Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7763000 USD
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
8293000 USD
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
31478000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2947816000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
4935832000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4929102000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1814501000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1822273000 USD
CY2022Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
303803000 USD
CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
289096000 USD
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
275849000 USD
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
299019000 USD
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
295127000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
299907000 USD
CY2022Q2 us-gaap Land
Land
75053000 USD
CY2021Q4 us-gaap Land
Land
72133000 USD
CY2022Q2 hrl Buildings And Improvements And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
BuildingsAndImprovementsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1349098000 USD
CY2021Q4 hrl Buildings And Improvements And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
BuildingsAndImprovementsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1332881000 USD
CY2022Q2 hrl Machinery And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
MachineryAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2486841000 USD
CY2021Q4 hrl Machinery And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
MachineryAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2415063000 USD
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
316840000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
316455000 USD
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2104237000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2027414000 USD
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2123595000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2109117000 USD
CY2022Q2 us-gaap Assets
Assets
13122263000 USD
CY2021Q4 us-gaap Assets
Assets
12696329000 USD
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
826729000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
844502000 USD
CY2022Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
126077000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
114746000 USD
CY2022Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
244664000 USD
CY2021Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
269327000 USD
CY2022Q2 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
181782000 USD
CY2021Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
154803000 USD
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
93324000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23520000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
8084000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8756000 USD
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1480659000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1415654000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3294101000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3315147000 USD
CY2022Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
550047000 USD
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
546362000 USD
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
160401000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
162623000 USD
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
291841000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
278183000 USD
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
160000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
160000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
451836000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
360336000 USD
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-221164000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-277269000 USD
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7100730000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6881870000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
7339402000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
6972883000 USD
CY2022Q2 us-gaap Minority Interest
MinorityInterest
5812000 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5478000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7345214000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6978360000 USD
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13122263000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12696329000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6555727000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
227921000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35203000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
816000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8054000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12026000 USD
CY2021Q2 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2450
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
132265000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6705851000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7106325000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
261679000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
44375000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10040000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
64133000 USD
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2600
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
141338000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7345214000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6430326000 USD
us-gaap Profit Loss
ProfitLoss
450316000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
69890000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9653000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15834000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
13791000 USD
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4900
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
264653000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6705851000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6978360000 USD
us-gaap Profit Loss
ProfitLoss
501389000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
56239000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16368000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
75186000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.5200
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
126436000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
103307000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
282328000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7345214000 USD
us-gaap Profit Loss
ProfitLoss
501389000 USD
us-gaap Profit Loss
ProfitLoss
450316000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12814000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27302000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
30539000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
22500000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-521000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2007000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2192000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1508000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-14005000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
16526000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16368000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15834000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-109297000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19823000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
226422000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
154647000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-943000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-45848000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-4508000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
2375000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46331000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-103438000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
66538000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
39301000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
577111000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
361259000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4367000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
722000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
128213000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85544000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
434000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1653000 USD
hrl Decrease Increase In Investments Equity In Affiliates And Other Assets
DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets
-6265000 USD
hrl Decrease Increase In Investments Equity In Affiliates And Other Assets
DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets
3599000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
70000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
956000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125811000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87256000 USD
hrl Repayments Of Long Term Debt And Long Term Lease Obligation
RepaymentsOfLongTermDebtAndLongTermLeaseObligation
5024000 USD
hrl Repayments Of Long Term Debt And Long Term Lease Obligation
RepaymentsOfLongTermDebtAndLongTermLeaseObligation
254360000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
274063000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
257787000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9653000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
75086000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13340000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-204001000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-508459000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
890000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4680000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
248189000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-229776000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
613530000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1714309000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
861719000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1484533000 USD
us-gaap Fiscal Period
FiscalPeriod
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:125%">Fiscal Year:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:125%"> The Company’s fiscal year ends on the last Sunday in October. Fiscal 2022 consists of 52 weeks. Fiscal 2021 consisted of 53 weeks with the additional week occurring in the fourth quarter.</span>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:125%">Reclassifications:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:125%"> Certain reclassifications of previously reported amounts have been made to conform to the current year presentation.</span>
CY2022Q1 us-gaap Goodwill
Goodwill
4928139000 USD
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1660098000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1658728000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
7692000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
4935832000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4929102000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
6730000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
4935832000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
238016000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83613000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
239016000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
75471000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9600000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19244000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18351000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16352000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14627000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14170000 USD
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
275849000 USD
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
299019000 USD
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5916000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13074000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12814000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27302000 USD
CY2022Q2 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
12500000 USD
us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
30500000 USD
CY2021Q2 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
11200000 USD
us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
22500000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
875674000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
725115000 USD
CY2022Q2 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
432806000 USD
CY2021Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
395403000 USD
CY2022Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
197796000 USD
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
163416000 USD
CY2022Q2 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
90725000 USD
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
85264000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
1597001000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1369198000 USD
CY2022Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
39400000 USD
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
10800000 USD
CY2022Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
1288000 USD
CY2022Q2 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
-18700000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
261617000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
227901000 USD
us-gaap Net Income Loss
NetIncomeLoss
501188000 USD
us-gaap Net Income Loss
NetIncomeLoss
450184000 USD
CY2021Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-6845000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
5598000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-9809000 USD
CY2022Q2 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
62175000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
11630000 USD
CY2022Q2 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
8146000 USD
CY2022Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
1961000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
44360000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
82080000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
16284000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
12769000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
3078000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
56105000 USD
CY2022Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
39400000 USD
CY2022Q2 hrl Derivative Collateral Obligation To Return Cash Cash Portion
DerivativeCollateralObligationToReturnCashCashPortion
39900000 USD
CY2022Q2 hrl Accumulated Gain Loss On Closed Derivatives
AccumulatedGainLossOnClosedDerivatives
600000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
10800000 USD
CY2021Q4 hrl Derivative Collateral Obligation To Return Cash Cash Portion
DerivativeCollateralObligationToReturnCashCashPortion
45600000 USD
CY2021Q4 hrl Accumulated Gain Loss On Closed Derivatives
AccumulatedGainLossOnClosedDerivatives
34800000 USD
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2900000000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3300000000 USD
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21645000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
23435000 USD
CY2022Q2 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
-18723000 USD
CY2021Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
0 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
48044000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
52999000 USD
CY2022Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2628000 USD
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2823000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3302186000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3323903000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
8084000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8756000 USD
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3294101000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3315147000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.187
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
21000000.0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28100000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5800000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
540195000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
543691000 shares
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7000000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
544702000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
540054000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5334000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7341000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5291000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7436000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
550036000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547536000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
548982000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547490000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
790000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2373000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2145000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2283000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2606621000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6140917000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31451000 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
62000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5067768000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2606621000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6140917000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5067768000 USD
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31436000 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15904000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-54370000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
201000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
133000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
321868000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
292620000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
630772000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
569702000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2606621000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6140917000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5067768000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3096559000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2606621000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6140917000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5067768000 USD

Files In Submission

Name View Source Status
0000048465-22-000034-index-headers.html Edgar Link pending
0000048465-22-000034-index.html Edgar Link pending
0000048465-22-000034.txt Edgar Link pending
0000048465-22-000034-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
hrl-20220501.htm Edgar Link pending
hrl-20220501.xsd Edgar Link pending
hrl-20220501_cal.xml Edgar Link unprocessable
hrl-20220501_def.xml Edgar Link unprocessable
hrl-20220501_htm.xml Edgar Link completed
hrl-20220501_lab.xml Edgar Link unprocessable
hrl-20220501_pre.xml Edgar Link unprocessable
hrlexhibit321q22022.htm Edgar Link pending
hrlq22022ex311ceosoxcertif.htm Edgar Link pending
hrlq22022ex312cfosoxcertif.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending