$HRL
HORMEL FOODS CORP /DE/

2013 Q3 Form 10-Q Financial Statement

#000110465913068325 Filed on September 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q3
Revenue $2.160B $2.153B $2.008B
YoY Change 7.54% 6.95% 5.11%
Cost Of Revenue $1.829B $1.800B $1.701B
YoY Change 7.53% 7.31% 5.48%
Gross Profit $330.3M $352.8M $307.1M
YoY Change 7.57% 5.12% 3.09%
Gross Profit Margin 15.3% 16.39% 15.29%
Selling, General & Admin $151.0M $173.1M $145.0M
YoY Change 4.12% 16.4% -7.39%
% of Gross Profit 45.71% 49.05% 47.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.80M $31.30M $28.80M
YoY Change 10.42% 7.93% -5.88%
% of Gross Profit 9.63% 8.87% 9.38%
Operating Expenses $151.0M $173.1M $145.0M
YoY Change 4.12% 16.4% -7.39%
Operating Profit $179.3M $195.6M $162.0M
YoY Change 10.66% 4.62% 14.71%
Interest Expense $3.122M $3.142M $3.207M
YoY Change -2.65% -4.29% -42.97%
% of Operating Profit 1.74% 1.61% 1.98%
Other Income/Expense, Net -$455.0K $1.116M $844.0K
YoY Change -153.91% -52.27% 507.19%
Pretax Income $177.1M $184.9M $169.5M
YoY Change 4.47% -4.59% 19.92%
Income Tax $63.17M $58.26M $57.09M
% Of Pretax Income 35.67% 31.51% 33.68%
Net Earnings $113.6M $125.5M $111.2M
YoY Change 2.22% -1.85% 11.21%
Net Earnings / Revenue 5.26% 5.83% 5.54%
Basic Earnings Per Share $0.43 $0.47 $0.42
Diluted Earnings Per Share $0.42 $0.46 $0.41
COMMON SHARES
Basic Shares Outstanding 264.6M shares 264.9M shares 263.4M shares
Diluted Shares Outstanding 270.8M shares 270.8M shares 268.7M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $329.5M $262.7M $610.2M
YoY Change -46.0% -56.33% 6.4%
Cash & Equivalents $329.5M $262.7M $533.2M
Short-Term Investments $0.00 $0.00 $77.00M
Other Short-Term Assets $9.723M $7.920M $5.806M
YoY Change 67.46% -91.18% -93.76%
Inventory $1.004B $998.9M $927.0M
Prepaid Expenses $14.87M $12.04M $12.87M
Receivables $514.4M $462.2M $474.4M
Other Receivables $2.900M $17.20M $18.80M
Total Short-Term Assets $1.952B $1.832B $2.117B
YoY Change -7.82% -11.06% 7.09%
LONG-TERM ASSETS
Property, Plant & Equipment $949.0M $957.8M $915.8M
YoY Change 3.63% 5.42% 2.22%
Goodwill $934.5M $932.1M $630.9M
YoY Change 48.12%
Intangibles $380.4M $382.8M $125.4M
YoY Change 203.44%
Long-Term Investments $269.2M $284.0M $296.8M
YoY Change -9.3% -5.87% 30.29%
Other Assets $138.9M $140.9M $132.5M
YoY Change 4.88% -50.72% -53.3%
Total Long-Term Assets $2.810B $2.835B $2.265B
YoY Change 24.03% 25.76% 4.28%
TOTAL ASSETS
Total Short-Term Assets $1.952B $1.832B $2.117B
Total Long-Term Assets $2.810B $2.835B $2.265B
Total Assets $4.761B $4.668B $4.383B
YoY Change 8.64% 8.18% 5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $369.9M $315.0M $289.2M
YoY Change 27.89% -1.06% -4.11%
Accrued Expenses $32.47M $42.87M $43.70M
YoY Change -25.71% -88.56% -88.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $789.5M $707.9M $676.7M
YoY Change 16.67% 1.13% -3.47%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M $250.0M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $78.22M $79.46M $82.61M
YoY Change -5.31% -85.78% -84.47%
Total Long-Term Liabilities $328.2M $329.5M $332.6M
YoY Change -1.32% -59.27% -57.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $789.5M $707.9M $676.7M
Total Long-Term Liabilities $328.2M $329.5M $332.6M
Total Liabilities $1.118B $1.037B $1.009B
YoY Change 10.74% -31.49% -32.26%
SHAREHOLDERS EQUITY
Retained Earnings $3.363B $3.301B $3.050B
YoY Change 10.27%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.046B $3.010B $2.889B
YoY Change
Total Liabilities & Shareholders Equity $4.761B $4.668B $4.383B
YoY Change 8.64% 8.18% 5.62%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q3
OPERATING ACTIVITIES
Net Income $113.6M $125.5M $111.2M
YoY Change 2.22% -1.85% 11.21%
Depreciation, Depletion And Amortization $31.80M $31.30M $28.80M
YoY Change 10.42% 7.93% -5.88%
Cash From Operating Activities $171.2M $115.8M $71.10M
YoY Change 140.79% 90.46% 63.45%
INVESTING ACTIVITIES
Capital Expenditures -$23.20M -$23.40M -$35.70M
YoY Change -35.01% -15.52% 75.0%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$674.7M $14.60M
YoY Change -98.63% -15093.33% -172.64%
Cash From Investing Activities -$23.10M -$698.1M -$21.10M
YoY Change 9.48% 2909.05% -47.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.30M -42.60M -41.30M
YoY Change 96.85% -30.96% -90.17%
NET CHANGE
Cash From Operating Activities 171.2M 115.8M 71.10M
Cash From Investing Activities -23.10M -698.1M -21.10M
Cash From Financing Activities -81.30M -42.60M -41.30M
Net Change In Cash 66.80M -624.9M 8.700M
YoY Change 667.82% 2492.95% -102.09%
FREE CASH FLOW
Cash From Operating Activities $171.2M $115.8M $71.10M
Capital Expenditures -$23.20M -$23.40M -$35.70M
Free Cash Flow $194.4M $139.2M $106.8M
YoY Change 82.02% 57.29% 67.14%

Facts In Submission

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dei Entity Registrant Name
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-07-28
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-27
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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49000 USD
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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286537000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
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134024000 USD
CY2012Q4 us-gaap Land
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56258000 USD
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BuildingsAndImprovementsGross
767876000 USD
CY2012Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1435630000 USD
CY2012Q4 us-gaap Construction In Progress Gross
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82254000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
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2342018000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1417538000 USD
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924480000 USD
CY2012Q4 us-gaap Assets
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4563966000 USD
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385877000 USD
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AccruedLiabilitiesCurrent
49792000 USD
CY2012Q4 us-gaap Workers Compensation Liability Current
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33543000 USD
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78712000 USD
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EmployeeRelatedLiabilitiesCurrent
193463000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4864000 USD
CY2012Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
40049000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
786300000 USD
CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
615428000 USD
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
The Company's guarantees either terminate in one year or remain in place until such time as the Company revokes the agreement
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4523000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16429000 USD
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3062000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14191000 USD
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1710000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6212000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2013Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10217000 USD
CY2012Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
8810000 USD
CY2013Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8600000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y6M
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89590000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
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CY2013Q3 us-gaap Goodwill
Goodwill
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CY2013Q3 us-gaap Goodwill Acquired During Period
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54375000 USD
CY2013Q3 us-gaap Amortization Of Intangible Assets
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2400000 USD
us-gaap Goodwill Acquired During Period
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303597000 USD
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CY2012Q3 us-gaap Amortization Of Intangible Assets
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2200000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9479000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8654000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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5474000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3348000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2918000 USD
CY2013Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
341259000 USD
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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101859000 USD
CY2013Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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269221000 USD
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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5387000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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500000 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63171000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57087000 USD
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6164000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5758000 shares
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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9440000 USD
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AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
12415000 USD
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
327945000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
345465000 USD
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
9481000 USD
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-325565000 USD
CY2013Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
568069000 USD
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InventoryFinishedGoodsNetOfReserves
494298000 USD
CY2013Q3 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
253493000 USD
CY2012Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
267877000 USD
CY2013Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
182174000 USD
CY2012Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
188346000 USD
CY2013Q3 us-gaap Inventory Net
InventoryNet
1003736000 USD
CY2013Q3 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
2159525000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
6428452000 USD
CY2012Q3 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
2008188000 USD
us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
6060486000 USD
CY2013Q3 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
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34236000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
100011000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187309000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
186922000 USD
CY2013Q3 hrl Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Pretax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectPretax
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CY2012Q4 hrl Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Pretax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectPretax
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DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
P12M
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
-12394000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7483000 USD
hrl Guarantee Period At Issue For Rate Of Return On Fixed Income Funds
GuaranteePeriodAtIssueForRateOfReturnOnFixedIncomeFunds
P1Y
CY2013Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
25900000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
27500000 USD
CY2013Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
5100000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
31100000 USD
CY2013Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
261200000 USD
CY2012Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
283600000 USD
CY2013Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
22100000 USD
CY2012Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
27300000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22000000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14600000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
36000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3200000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
113905000 USD
CY2013Q3 hrl Segment Operating Profit
SegmentOperatingProfit
183216000 USD
hrl Segment Operating Profit
SegmentOperatingProfit
582295000 USD
CY2012Q3 hrl Segment Operating Profit
SegmentOperatingProfit
173842000 USD
hrl Segment Operating Profit
SegmentOperatingProfit
577343000 USD
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NetInterestAndInvestmentIncomeExpense
-3577000 USD
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NetInterestAndInvestmentIncomeExpense
-6887000 USD
CY2012Q3 hrl Net Interest And Investment Income Expense
NetInterestAndInvestmentIncomeExpense
-2363000 USD
hrl Net Interest And Investment Income Expense
NetInterestAndInvestmentIncomeExpense
-4932000 USD
CY2013Q3 hrl General Corporate Expense
GeneralCorporateExpense
2833000 USD
hrl General Corporate Expense
GeneralCorporateExpense
19228000 USD
CY2012Q3 hrl General Corporate Expense
GeneralCorporateExpense
3225000 USD
hrl General Corporate Expense
GeneralCorporateExpense
18040000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
112407000 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1161000 USD
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-4500000 USD
CY2012Q3 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
32327000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
100658000 USD
CY2013Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
0 USD
us-gaap Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
0 USD
CY2012Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
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0 USD
us-gaap Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-72912000 USD
CY2013Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
CY2012Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
us-gaap Profit Loss
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371591000 USD
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
CY2013Q3 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2012Q3 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2013Q3 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
0 USD
us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
0 USD
CY2012Q3 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
0 USD
us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
0 USD
CY2013Q3 us-gaap Accounts Receivable Net Current
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514398000 USD
CY2013Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2868000 USD
CY2013Q3 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
76502000 USD
CY2013Q3 us-gaap Prepaid Expense Current
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14867000 USD
CY2013Q3 us-gaap Other Assets Current
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9723000 USD
CY2013Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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137542000 USD
CY2013Q3 us-gaap Intangible Assets Net Excluding Goodwill
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380410000 USD
CY2013Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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49000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
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138944000 USD
CY2013Q3 us-gaap Land
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58589000 USD
CY2013Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
782142000 USD
CY2013Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1519715000 USD
CY2013Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
74153000 USD
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1485578000 USD
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369887000 USD
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
32467000 USD
CY2013Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
37169000 USD
CY2013Q3 us-gaap Accrued Marketing Costs Current
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113002000 USD
CY2013Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
182592000 USD
CY2013Q3 us-gaap Taxes Payable Current
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6128000 USD
CY2013Q3 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
48239000 USD
CY2013Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
589659000 USD
CY2013Q3 us-gaap Long Term Debt Noncurrent
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250000000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
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78222000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3363363000 USD
us-gaap Profit Loss
ProfitLoss
370675000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
270000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1240000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2720000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3226000 USD
CY2013Q3 us-gaap Net Income Loss
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113635000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
111167000 USD
us-gaap Net Income Loss
NetIncomeLoss
368871000 USD
us-gaap Net Income Loss
NetIncomeLoss
367449000 USD
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
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0.17
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3613000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6484000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-3158000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
376000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2816000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17520000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2879000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
34000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
810000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-352892000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
70087000 USD
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1000 shares
us-gaap Proceeds From Short Term Debt
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25000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
25000000 USD
us-gaap Payments Of Dividends Common Stock
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129426000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50692000 USD
us-gaap Proceeds From Stock Options Exercised
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29268000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13910000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
18930000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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6827000 USD
hrl Proceeds From Noncontrolling Interest
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774000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-126896000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-141864000 USD

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