2024 Q4 Form 10-K Financial Statement

#000004846524000051 Filed on December 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024
Revenue $11.92B
YoY Change -1.56%
Cost Of Revenue $9.899B
YoY Change -2.09%
Gross Profit $2.022B
YoY Change 1.11%
Gross Profit Margin 16.96%
Selling, General & Admin $1.005B
YoY Change 6.7%
% of Gross Profit 49.71%
Research & Development $36.10M
YoY Change 7.12%
% of Gross Profit 1.79%
Depreciation & Amortization $257.8M
YoY Change 1.75%
% of Gross Profit 12.75%
Operating Expenses $1.041B
YoY Change 6.71%
Operating Profit $1.068B
YoY Change -0.38%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$215.3M
YoY Change 0.38%
Pretax Income $1.035B
YoY Change 2.17%
Income Tax $230.8M
% Of Pretax Income 22.29%
Net Earnings $805.0M
YoY Change 1.44%
Net Earnings / Revenue 6.75%
Basic Earnings Per Share $1.47
Diluted Earnings Per Share $1.47
COMMON SHARES
Basic Shares Outstanding 548.1M shares
Diluted Shares Outstanding 548.8M shares

Balance Sheet

Concept 2024 Q4 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $741.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.576B
Prepaid Expenses
Receivables $817.9M
Other Receivables
Total Short-Term Assets $3.246B
YoY Change -1.54%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $4.923B
YoY Change -0.1%
Intangibles $1.733B
YoY Change -1.39%
Long-Term Investments
YoY Change
Other Assets $411.9M
YoY Change 11.25%
Total Long-Term Assets $10.19B
YoY Change 0.36%
TOTAL ASSETS
Total Short-Term Assets $3.246B
Total Long-Term Assets $10.19B
Total Assets $13.43B
YoY Change -0.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $735.6M
YoY Change -4.64%
Accrued Expenses $66.38M
YoY Change 28.45%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $7.813M
YoY Change -99.18%
Total Short-Term Liabilities $1.399B
YoY Change -39.47%
LONG-TERM LIABILITIES
Long-Term Debt $2.851B
YoY Change 20.87%
Other Long-Term Liabilities $211.2M
YoY Change 10.06%
Total Long-Term Liabilities $3.062B
YoY Change 20.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.399B
Total Long-Term Liabilities $3.062B
Total Liabilities $4.461B
YoY Change -8.25%
SHAREHOLDERS EQUITY
Retained Earnings $7.678B
YoY Change 2.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.993B
YoY Change
Total Liabilities & Shareholders Equity $13.43B
YoY Change -0.1%

Cashflow Statement

Concept 2024 Q4 2024
OPERATING ACTIVITIES
Net Income $805.0M
YoY Change 1.44%
Depreciation, Depletion And Amortization $257.8M
YoY Change 1.75%
Cash From Operating Activities $1.267B
YoY Change 20.89%
INVESTING ACTIVITIES
Capital Expenditures $256.4M
YoY Change -5.1%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$236.9M
YoY Change -65.64%
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 -$1.030B
YoY Change 71.66%
NET CHANGE
Cash From Operating Activities $1.267B
Cash From Investing Activities -$236.9M
Cash From Financing Activities -$1.030B
Net Change In Cash $5.349M
YoY Change -102.18%
FREE CASH FLOW
Cash From Operating Activities $1.267B
Capital Expenditures $256.4M
Free Cash Flow $1.010B
YoY Change 29.92%

Facts In Submission

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CY2024 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
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http://fasb.org/us-gaap/2024#InvestmentIncomeNet
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Prior Service Cost Credit Statement Of Income Or Comprehensive Income Extensible List
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http://fasb.org/us-gaap/2024#InvestmentIncomeNet
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http://fasb.org/us-gaap/2024#InvestmentIncomeNet
CY2024Q4 us-gaap Derivative Asset Current Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2024#AccountsPayableCurrent
CY2023Q4 us-gaap Derivative Asset Current Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent
CY2023Q4 us-gaap Derivative Liability Current Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2024#AccountsPayableCurrent
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
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CY2024Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
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http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2023Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
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http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024Q4 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LongTermDebtCurrent
CY2023Q4 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
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http://fasb.org/us-gaap/2024#LongTermDebtCurrent
CY2024Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2023Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent
CY2023Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21175000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
19104000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:125%">Use of Estimates: </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:125%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div><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 years 2024, 2023, and 2022 consisted of 52 weeks. Fiscal year 2025 will consist of 52 weeks.</span></div>
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
CY2024 hrl Lessee Operating Lease Number Of Renewal Or Termination Options
LesseeOperatingLeaseNumberOfRenewalOrTerminationOptions
1 renewaloption
CY2024 hrl Lessee Finance Lease Number Of Leases With Residual Value Guarantee
LesseeFinanceLeaseNumberOfLeasesWithResidualValueGuarantee
1 lease
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
163300000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
160100000 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36100000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
4925829000 usd
CY2023 us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2635000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
4928464000 usd
CY2024 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2239000 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2738000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
4923487000 usd
CY2024Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1623112000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1631098000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
233690000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
124097000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
234020000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107947000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16366000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18386000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19274000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14624000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14169000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13927000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12972000 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
11504000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
51088000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
42754000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27185000 usd
CY2024Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
881295000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
954432000 usd
CY2024Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
427834000 usd
CY2023Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
448535000 usd
CY2024Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
147333000 usd
CY2023Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
168289000 usd
CY2024Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
119837000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
109151000 usd
CY2024Q4 us-gaap Inventory Net
InventoryNet
1576300000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1680406000 usd
CY2024Q4 hrl Derivative Asset Subject To Master Netting Arrangement Liability Offset Net Of Adjustments
DerivativeAssetSubjectToMasterNettingArrangementLiabilityOffsetNetOfAdjustments
1785000 usd
CY2024Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
12638000 usd
CY2023Q4 hrl Derivative Asset Subject To Master Netting Arrangement Liability Offset Net Of Adjustments
DerivativeAssetSubjectToMasterNettingArrangementLiabilityOffsetNetOfAdjustments
-5226000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
26980000 usd
CY2024Q4 us-gaap Derivative Assets
DerivativeAssets
8066000 usd
CY2024Q4 hrl Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
8066000 usd
CY2024Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2024Q4 hrl Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
0 usd
CY2023Q4 hrl Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
18972000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
18972000 usd
CY2023Q4 hrl Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
0 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2024Q4 hrl Derivative Asset Liability Subject To Master Netting Arrangement Collateral Right To Reclaim Cash Offset
DerivativeAssetLiabilitySubjectToMasterNettingArrangementCollateralRightToReclaimCashOffset
-10900000 usd
CY2023Q4 hrl Derivative Asset Liability Subject To Master Netting Arrangement Collateral Right To Reclaim Cash Offset
DerivativeAssetLiabilitySubjectToMasterNettingArrangementCollateralRightToReclaimCashOffset
-32200000 usd
CY2023Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
-7500000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
805038000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
793572000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
999987000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
42500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
47900000 usd
CY2024Q4 hrl Defined Benefit Plan Weighted Average Interest Crediting Rate Floor
DefinedBenefitPlanWeightedAverageInterestCreditingRateFloor
0.0265
CY2022 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
86372000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
30326000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
45099000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
10761000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
21708000 usd
CY2023 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-26495000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-11118000 usd
CY2023 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-991000 usd
CY2023 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-2305000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-16691000 usd
CY2024 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-20336000 usd
CY2024 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-6440000 usd
CY2024 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-31750000 usd
CY2024 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-8933000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8921000 usd
CY2024Q4 hrl Derivative Asset Liability Subject To Master Netting Arrangement Collateral Right To Reclaim Cash Offset
DerivativeAssetLiabilitySubjectToMasterNettingArrangementCollateralRightToReclaimCashOffset
-10900000 usd
CY2024Q4 hrl Derivative Collateral Right To Reclaim Cash Cash Portion
DerivativeCollateralRightToReclaimCashCashPortion
26500000 usd
CY2024Q4 hrl Accumulated Gain Loss On Closed Derivatives
AccumulatedGainLossOnClosedDerivatives
-15600000 usd
CY2023Q4 hrl Derivative Asset Liability Subject To Master Netting Arrangement Collateral Right To Reclaim Cash Offset
DerivativeAssetLiabilitySubjectToMasterNettingArrangementCollateralRightToReclaimCashOffset
-32200000 usd
CY2023Q4 hrl Derivative Collateral Right To Reclaim Cash Cash Portion
DerivativeCollateralRightToReclaimCashCashPortion
42600000 usd
CY2023Q4 hrl Accumulated Gain Loss On Closed Derivatives
AccumulatedGainLossOnClosedDerivatives
-10400000 usd
CY2024Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2500000000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2700000000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1234988000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
625872000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
313814000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
179145000 usd
CY2024Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
66480000 usd
CY2024Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
176713000 usd
CY2024Q4 us-gaap Purchase Obligation
PurchaseObligation
2597012000 usd
CY2024 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
1300000000 usd
CY2023 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
1400000000 usd
CY2022 hrl Long Term Purchase Commitment Amount Paid
LongTermPurchaseCommitmentAmountPaid
1200000000 usd
CY2024Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
49300000 usd
CY2024Q4 hrl Revocable Letters Of Credit Outstanding Amount
RevocableLettersOfCreditOutstandingAmount
2700000 usd
CY2024Q4 hrl Loss Contingency Number Of Current Subsidiaries Received Income Tax Deficiency Notice
LossContingencyNumberOfCurrentSubsidiariesReceivedIncomeTaxDeficiencyNotice
2 subsidiary
CY2024Q4 hrl Loss Contingency Number Of Former Subsidiaries Received Income Tax Deficiency Notice
LossContingencyNumberOfFormerSubsidiariesReceivedIncomeTaxDeficiencyNotice
1 subsidiary
CY2024Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
147698000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
131920000 usd
CY2024Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
30484000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
37999000 usd
CY2024Q4 hrl Lease Right Of Use Asset
LeaseRightOfUseAsset
178183000 usd
CY2023Q4 hrl Lease Right Of Use Asset
LeaseRightOfUseAsset
169919000 usd
CY2024Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32068000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26238000 usd
CY2024Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7383000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8597000 usd
CY2024Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
121286000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
109237000 usd
CY2024Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
20158000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
27488000 usd
CY2024Q4 hrl Lease Liability
LeaseLiability
180894000 usd
CY2023Q4 hrl Lease Liability
LeaseLiability
171560000 usd
CY2024 hrl Operating Lease Cost And Short Term Lease Cost
OperatingLeaseCostAndShortTermLeaseCost
42200000 usd
CY2023 hrl Operating Lease Cost And Short Term Lease Cost
OperatingLeaseCostAndShortTermLeaseCost
34209000 usd
CY2022 hrl Operating Lease Cost And Short Term Lease Cost
OperatingLeaseCostAndShortTermLeaseCost
25702000 usd
CY2024 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7562000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7594000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7965000 usd
CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1042000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1361000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1707000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
390032000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
511906000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
463439000 usd
CY2024 us-gaap Lease Cost
LeaseCost
440836000 usd
CY2023 us-gaap Lease Cost
LeaseCost
555070000 usd
CY2022 us-gaap Lease Cost
LeaseCost
498813000 usd
CY2024Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2024Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2024Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0443
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0443
CY2024Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0327
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0337
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
35619000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
29436000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
24098000 usd
CY2024 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1042000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1361000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1707000 usd
CY2024 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8599000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8407000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8491000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
55000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
19000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
48294000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
84087000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19646000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38343000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
8126000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
46469000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
34674000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
5691000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
40364000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
26020000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4335000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
30354000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17481000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10542000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
28023000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16180000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
685000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
16865000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
43040000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
43040000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
175738000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
29377000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
205115000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22385000 usd
CY2024Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1836000 usd
CY2024Q4 hrl Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
24222000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
153354000 usd
CY2024Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
27541000 usd
CY2024Q4 hrl Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
180894000 usd
CY2024Q4 hrl Lessee Finance Lease Option To Purchase Underlying Asset Included In Lease Liability
LesseeFinanceLeaseOptionToPurchaseUnderlyingAssetIncludedInLeaseLiability
7200000 usd
CY2024Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
36000000.0 usd
CY2024Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15628000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16278000 usd
CY2024Q4 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
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