$HRL
HORMEL FOODS CORP /DE/ Stock $hrl

$hrl Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000004846523000014 Filed on March 02, 2023

Income Statement

Concept	2023 Q1	2022 Q4
Revenue	$2.971B	$3.283B
YoY Change	-2.41%	-4.96%
Cost Of Revenue	$2.475B	$2.717B
YoY Change	-1.22%	-5.55%
Gross Profit	$495.9M	$566.4M
YoY Change	-7.94%	-2.02%
Gross Profit Margin	16.69%	17.25%
Selling, General & Admin	$222.1M	$206.5M
YoY Change	-1.73%	-10.39%
% of Gross Profit	44.77%	36.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$70.89M	$71.18M
YoY Change	35.28%	7.99%
% of Gross Profit	14.29%	12.57%
Operating Expenses	$222.1M	$206.5M
YoY Change	-1.73%	-10.39%
Operating Profit	$289.5M	$359.9M
YoY Change	-9.45%	3.53%
Interest Expense	$18.35M	-$2.435M
YoY Change	25.32%	-153.05%
% of Operating Profit	6.34%	-0.68%
Other Income/Expense, Net	-$29.76M	-$1.000K
YoY Change	29.75%	0.0%
Pretax Income	$281.2M	$357.5M
YoY Change	-8.97%	1.49%
Income Tax	$63.55M	$77.48M
% Of Pretax Income	22.6%	21.67%
Net Earnings	$217.7M	$279.9M
YoY Change	-9.12%	-0.66%
Net Earnings / Revenue	7.33%	8.52%
Basic Earnings Per Share	$0.40
Diluted Earnings Per Share	$0.40	$508.8K
COMMON SHARES
Basic Shares Outstanding	546.4M shares
Diluted Shares Outstanding	550.0M shares

Balance Sheet

Concept	2023 Q1	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$617.6M	$998.3M
YoY Change	-27.05%	57.28%
Cash & Equivalents	$599.8M	$982.1M
Short-Term Investments	$17.79M	$16.15M
Other Short-Term Assets	$13.22M	$48.04M
YoY Change	-67.45%	221.49%
Inventory	$1.730B	$1.716B
Prepaid Expenses	$40.06M	$31.48M
Receivables	$787.2M	$867.6M
Other Receivables	$7.145M	$7.177M
Total Short-Term Assets	$3.195B	$3.637B
YoY Change	3.3%	23.38%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.124B	$2.141B
YoY Change	1.07%	-1.85%
Goodwill	$4.928B	$4.926B
YoY Change	0.0%	-0.07%
Intangibles	$1.799B	$1.803B
YoY Change	-1.01%	-1.06%
Long-Term Investments	$701.6M	$271.1M
YoY Change	144.9%	-9.35%
Other Assets	$292.7M	$528.7M
YoY Change	-3.58%	76.3%
Total Long-Term Assets	$10.09B	$9.670B
YoY Change	3.64%	-0.81%
TOTAL ASSETS
Total Short-Term Assets	$3.195B	$3.637B
Total Long-Term Assets	$10.09B	$9.670B
Total Assets	$13.28B	$13.31B
YoY Change	3.56%	4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$764.5M	$816.6M
YoY Change	-4.36%	2.94%
Accrued Expenses	$505.2M	$614.9M
YoY Change	-2.48%	1101.24%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$8.929M	$8.796M
YoY Change	1.13%	0.46%
Total Short-Term Liabilities	$1.373B	$1.473B
YoY Change	-2.96%	4.07%
LONG-TERM LIABILITIES
Long-Term Debt	$3.293B	$3.291B
YoY Change	-0.5%	-0.74%
Other Long-Term Liabilities	$137.2M	$527.7M
YoY Change	-17.78%	224.48%
Total Long-Term Liabilities	$3.430B	$3.818B
YoY Change	-1.33%	9.79%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.373B	$1.473B
Total Long-Term Liabilities	$3.430B	$3.818B
Total Liabilities	$4.803B	$5.767B
YoY Change	-1.8%	17.85%
SHAREHOLDERS EQUITY
Retained Earnings	$7.381B	$7.313B
YoY Change	5.73%	6.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$7.614B	$7.540B
YoY Change
Total Liabilities & Shareholders Equity	$13.28B	$13.31B
YoY Change	3.56%	4.81%

Cashflow Statement

Concept	2023 Q1	2022 Q4
OPERATING ACTIVITIES
Net Income	$217.7M	$279.9M
YoY Change	-9.12%	-0.66%
Depreciation, Depletion And Amortization	$70.89M	$71.18M
YoY Change	35.28%	7.99%
Cash From Operating Activities	$203.6M	$371.8M
YoY Change	-46.94%	-34.09%
INVESTING ACTIVITIES
Capital Expenditures	$37.05M	-$88.51M
YoY Change	-25.52%	-4.88%
Acquisitions
YoY Change
Other Investing Activities	-$414.4M	$2.300M
YoY Change	-618632.84%	-193.38%
Cash From Investing Activities	-$451.5M	-$86.21M
YoY Change	808.75%	-9.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$1.869M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$141.6M	-142.2M
YoY Change	14.15%	-0.81%
NET CHANGE
Cash From Operating Activities	$203.6M	371.8M
Cash From Investing Activities	-$451.5M	-86.21M
Cash From Financing Activities	-$141.6M	-142.2M
Net Change In Cash	-$382.3M	143.4M
YoY Change	-281.28%	-55.91%
FREE CASH FLOW
Cash From Operating Activities	$203.6M	$371.8M
Capital Expenditures	$37.05M	-$88.51M
Free Cash Flow	$166.6M	$460.3M
YoY Change	-50.13%	-29.96%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000048465
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-29
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Interest Cost Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2022Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Interest Cost Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2022Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2023Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2023Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Prior Service Cost Credit Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfPriorServiceCostCreditStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2022Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Prior Service Cost Credit Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfPriorServiceCostCreditStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2023Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2022Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList	http://fasb.org/us-gaap/2022#InvestmentIncomeNet
CY2023Q1	us-gaap	Derivative Asset Current Statement Of Financial Position Extensible Enumeration DerivativeAssetCurrentStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#PrepaidExpenseCurrent
CY2022Q4	us-gaap	Derivative Asset Current Statement Of Financial Position Extensible Enumeration DerivativeAssetCurrentStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#PrepaidExpenseCurrent
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-01-29
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	1-2402
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	HORMEL FOODS CORPORATION
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	41-0319970
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	1 Hormel Place
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Austin
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	MN
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	55912-3680
CY2023Q1	dei	City Area Code CityAreaCode	507
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	437-5611
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	225972000	usd
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock
CY2023Q1	dei	Trading Symbol TradingSymbol	HRL
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2970992000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	3044358000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2475043000	usd
CY2022Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2505610000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	495949000	usd
CY2022Q1	us-gaap	Gross Profit GrossProfit	538749000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	222056000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15559000	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6898000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	289452000	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	319675000	usd
CY2023Q1	us-gaap	Investment Income Net InvestmentIncomeNet	10096000	usd
CY2022Q1	us-gaap	Investment Income Net InvestmentIncomeNet	3869000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	18347000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	14640000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	281201000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	308904000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	63551000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	69194000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	217651000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	239710000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-69000	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	139000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-14514000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	8404000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	217719000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	239571000	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.40
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.44
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.40
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.44
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	546384000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	542680000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	550031000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	547928000	shares
CY2023Q1	us-gaap	Profit Loss ProfitLoss	217651000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	239710000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	15046000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	925000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2990000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2535000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	3522000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11864000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	221173000	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	251574000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	154000	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	258000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	221019000	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	251316000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	599789000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	982107000	usd
CY2023Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	17792000	usd
CY2022Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	16149000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3481000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3507000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	787213000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	867593000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	1730086000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	1716059000	usd
CY2023Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	7145000	usd
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	7177000	usd
CY2023Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	40063000	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	31481000	usd
CY2023Q1	us-gaap	Other Assets Current OtherAssetsCurrent	13218000	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	16559000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	3195306000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	3637125000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	4927923000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	4925829000	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1798732000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1803027000	usd
CY2023Q1	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	242358000	usd
CY2022Q4	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	245566000	usd
CY2023Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	701629000	usd
CY2022Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	271058000	usd
CY2023Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	292697000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	283169000	usd
CY2023Q1	us-gaap	Land Land	73952000	usd
CY2022Q4	us-gaap	Land Land	74303000	usd
CY2023Q1	hrl	Buildings And Improvements And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization BuildingsAndImprovementsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	1405861000	usd
CY2022Q4	hrl	Buildings And Improvements And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization BuildingsAndImprovementsAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	1398255000	usd
CY2023Q1	hrl	Machinery And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization MachineryAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	2641581000	usd
CY2022Q4	hrl	Machinery And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization MachineryAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	2636660000	usd
CY2023Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	226908000	usd
CY2022Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	216246000	usd
CY2023Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	2223900000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	2184319000	usd
CY2023Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	2124402000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	2141146000	usd
CY2023Q1	us-gaap	Assets Assets	13283047000	usd
CY2022Q4	us-gaap	Assets Assets	13306919000	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	764525000	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	875405000	usd
CY2023Q1	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	133240000	usd
CY2022Q4	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	113105000	usd
CY2023Q1	us-gaap	Other Employee Related Liabilities Current OtherEmployeeRelatedLiabilitiesCurrent	213540000	usd
CY2022Q4	us-gaap	Other Employee Related Liabilities Current OtherEmployeeRelatedLiabilitiesCurrent	279072000	usd
CY2023Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	158376000	usd
CY2022Q4	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	163963000	usd
CY2023Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	94775000	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	32925000	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	8929000	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	8796000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1373385000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1473266000	usd
CY2023Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3292559000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3290549000	usd
CY2023Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	389423000	usd
CY2022Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	385832000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	471457000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	475212000	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	137230000	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	141840000	usd
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	160000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	160000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	477470000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	469468000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-252261000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-255561000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7380689000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7313374000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	7613904000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	7535284000	usd
CY2023Q1	us-gaap	Minority Interest MinorityInterest	5089000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	4936000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7618993000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7540219000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13283047000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13306919000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6978360000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	239710000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11864000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6328000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	11053000	usd
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2600
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	140990000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7106325000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7540219000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	217651000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	3522000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5202000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2635000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2750
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	150236000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7618993000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	217651000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	239710000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	70893000	usd
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	64280000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15559000	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6898000	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3652000	usd
CY2022Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	18039000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-311000	usd
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	366000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	2496000	usd
CY2022Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1593000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	7839000	usd
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-5956000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5202000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	6328000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-79561000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-85079000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	11766000	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	16251000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	34538000	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-10143000	usd
CY2023Q1	us-gaap	Increase Decrease In Pension And Postretirement Obligations IncreaseDecreaseInPensionAndPostretirementObligations	10710000	usd
CY2022Q1	us-gaap	Increase Decrease In Pension And Postretirement Obligations IncreaseDecreaseInPensionAndPostretirementObligations	-2533000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-171368000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-85554000	usd
CY2023Q1	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	59837000	usd
CY2022Q1	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	63498000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	203629000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	383756000	usd
CY2023Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	833000	usd
CY2022Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	1611000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	37052000	usd
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	49747000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	5016000	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	388000	usd
CY2023Q1	hrl	Decrease Increase In Investments Equity In Affiliates And Other Assets DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets	418616000	usd
CY2022Q1	hrl	Decrease Increase In Investments Equity In Affiliates And Other Assets DecreaseIncreaseInInvestmentsEquityInAffiliatesAndOtherAssets	-1290000	usd
CY2023Q1	us-gaap	Proceeds From Life Insurance Policies ProceedsFromLifeInsurancePolicies	16000	usd
CY2022Q1	us-gaap	Proceeds From Life Insurance Policies ProceedsFromLifeInsurancePolicies	0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-451469000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-49680000	usd
CY2023Q1	hrl	Repayments Of Long Term Debt And Long Term Lease Obligation RepaymentsOfLongTermDebtAndLongTermLeaseObligation	2189000	usd
CY2022Q1	hrl	Repayments Of Long Term Debt And Long Term Lease Obligation RepaymentsOfLongTermDebtAndLongTermLeaseObligation	2163000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	142017000	usd
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	132909000	usd
CY2023Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2635000	usd
CY2022Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	11053000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-141570000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-124019000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7093000	usd
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	846000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-382318000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	210904000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	982107000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	613530000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	599789000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	824434000	usd
CY2023Q1	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>
CY2022Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2022Q4	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2022Q4	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2022Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2023Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022Q4	us-gaap	Goodwill Goodwill	4925829000	usd
CY2023Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	2093000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	4927923000	usd
CY2023Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	1659002000	usd
CY2022Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	1658775000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	234020000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	94290000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	238016000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	93764000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4600000	usd
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4800000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	18320000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	16331000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	14628000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	14172000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	13940000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15559000	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6898000	usd
CY2023Q1	us-gaap	Investments In And Advances To Affiliates Dividends Or Interest InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest	3700000	usd
CY2022Q1	us-gaap	Investments In And Advances To Affiliates Dividends Or Interest InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest	18000000	usd
CY2023Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	981588000	usd
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	974160000	usd
CY2023Q1	us-gaap	Inventory Work In Process And Raw Materials Net Of Reserves InventoryWorkInProcessAndRawMaterialsNetOfReserves	447675000	usd
CY2022Q4	us-gaap	Inventory Work In Process And Raw Materials Net Of Reserves InventoryWorkInProcessAndRawMaterialsNetOfReserves	440193000	usd
CY2023Q1	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	201743000	usd
CY2022Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	206289000	usd
CY2023Q1	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	99079000	usd
CY2022Q4	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	95417000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	1730086000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	1716059000	usd
CY2023Q1	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	8000000	usd
CY2022Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	1300000	usd
CY2023Q1	us-gaap	Hedged Liability Fair Value Hedge Cumulative Increase Decrease HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease	-16800000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	217719000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	239571000	usd
CY2023Q1	us-gaap	Gain Loss On Fair Value Hedges Recognized In Earnings GainLossOnFairValueHedgesRecognizedInEarnings	3547000	usd
CY2022Q1	us-gaap	Gain Loss On Fair Value Hedges Recognized In Earnings GainLossOnFairValueHedgesRecognizedInEarnings	4310000	usd
CY2023Q1	us-gaap	Oci Before Reclassifications Before Tax Attributable To Parent OciBeforeReclassificationsBeforeTaxAttributableToParent	7879000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-1687000	usd
CY2023Q1	us-gaap	Reclassification From Aoci Current Period Before Tax Attributable To Parent ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent	8247000	usd
CY2023Q1	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	1980000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	3300000	usd
CY2023Q1	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	8000000.0	usd
CY2023Q1	hrl	Derivative Collateral Right To Reclaim Cash Cash Portion DerivativeCollateralRightToReclaimCashCashPortion	7400000	usd
CY2023Q1	hrl	Accumulated Gain Loss On Closed Derivatives AccumulatedGainLossOnClosedDerivatives	600000	usd
CY2022Q4	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	1300000	usd
CY2022Q4	hrl	Derivative Collateral Obligation To Return Cash Cash Portion DerivativeCollateralObligationToReturnCashCashPortion	27500000	usd
CY2022Q4	hrl	Accumulated Gain Loss On Closed Derivatives AccumulatedGainLossOnClosedDerivatives	26200000	usd
CY2023Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2800000000	usd
CY2022Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2700000000	usd
CY2023Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	18962000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	19856000	usd
CY2023Q1	us-gaap	Hedged Liability Fair Value Hedge Cumulative Increase Decrease HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease	-16826000	usd
CY2022Q4	us-gaap	Hedged Liability Fair Value Hedge Cumulative Increase Decrease HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease	-19950000	usd
CY2023Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	42513000	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	44473000	usd
CY2023Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	2329000	usd
CY2022Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	2429000	usd
CY2023Q1	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	3301488000	usd
CY2022Q4	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	3299345000	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	8929000	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	8796000	usd
CY2023Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3292559000	usd
CY2022Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3290549000	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.226
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.224
CY2023Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	18200000	usd
CY2022Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	20200000	usd
CY2023Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	2600000	usd
CY2022Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	5200000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	546384000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	542680000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3647000	shares
CY2022Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	5247000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	550031000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	547928000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3239000	shares
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3501000	shares
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2970992000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	3044358000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-29755000	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-22933000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-69000	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	139000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	281201000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	308904000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2970992000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2970992000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	3044358000	usd

Files In Submission

Name	View Source	Status
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$HRL
HORMEL FOODS CORP /DE/ Stock $hrl

2023 Q1 Form 10-Q Financial Statement

#000004846523000014 Filed on March 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HRL HORMEL FOODS CORP /DE/ Stock $hrl

2023 Q1 Form 10-Q Financial Statement

#000004846523000014 Filed on March 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HRL
HORMEL FOODS CORP /DE/ Stock $hrl