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Hormel Foods Buildings And Improvements

: $1,084 Mil (As of Oct. 2019)
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Hormel Foods's quarterly buildings and improvements increased from Apr. 2019 ($1,011 Mil) to Jul. 2019 ($1,036 Mil) and increased from Jul. 2019 ($1,036 Mil) to Oct. 2019 ($1,084 Mil).

Hormel Foods's annual buildings and improvements increased from Oct. 2017 ($867 Mil) to Oct. 2018 ($956 Mil) and increased from Oct. 2018 ($956 Mil) to Oct. 2019 ($1,084 Mil).


Hormel Foods Buildings And Improvements Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Hormel Foods Annual Data
Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19
Buildings And Improvements Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 815.64 805.86 866.86 956.26 1,083.90

Hormel Foods Quarterly Data
Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19
Buildings And Improvements Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 956.26 958.88 1,011.24 1,035.76 1,083.90

Hormel Foods Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction.  Broker and architect fees, permits, etc. can be covered within this category.  Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized.  Improvements are commonly recorded at acquisition cost.  Building improvement examples include roofing, remodeling, replacements, etc.

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