Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Apr. 30, 2017

The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2017 and October 31, 2016:



	April 30, 2017
	Fair Value Measurement
(in millions)	Level 1		Level 2			Level 3		Total			Balance Sheet Location
Interest rate derivatives	$	—	$	8.2		$	—	$	8.2		Other long-term assets
Foreign exchange hedges	—		—			—		—			Prepaid expenses and other current assets
Foreign exchange hedges	—		(1.5		)	—		(1.5		)	Other current liabilities
Insurance annuity	—		—			19.8		19.8			Other long-term assets
Total⁽¹⁾	$	—	$	6.7		$	19.8	$	26.5



	October 31, 2016
	Fair Value Measurement
(in millions)	Level 1		Level 2			Level 3		Total			Balance Sheet Location
Foreign exchange hedges	$	—	$	0.3		$	—	$	0.3		Prepaid expenses and other current assets
Foreign exchange hedges	—		(0.3		)	—		(0.3		)	Other current liabilities
Insurance annuity	—		—			20.1		20.1			Other long-term assets
Total⁽¹⁾	$	—	$	—		$	20.1	$	20.1

⁽¹⁾The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of April 30, 2017 and October 31, 2016 approximate their fair values because of the short-term nature of these items and are not included in this table.

Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities

The following table presents the estimated fair values of the Company’s senior notes:



(in millions)	April 30, 2017		October 31, 2016
Senior Notes due 2017
Estimated fair value	$	—	$	302.4
Senior Notes due 2019
Estimated fair value	276.1		280.1
Senior Notes due 2021
Estimated fair value	266.5		264.9

Summary of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used and Net Assets Held for Sale

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the six months ended April 30, 2017 and 2016:



	Quantitative Information about Level 3 Fair Value Measurements
(in millions)	Fair Value of Impairment		Valuation Technique	Unobservable Input	Range of Input Values
April 30, 2017
Impairment of Net Assets Held for Sale	$	3.6	Broker Quote/ Indicative Bids	Indicative Bids	N/A
Impairment of Long Lived Assets	0.3		Sales Value	Sales Value	N/A
Total	$	3.9

April 30, 2016
Impairment of Net Assets Held for Sale	$	34.7	Broker Quote/ Indicative Bids	Indicative Bids	N/A
Impairment of Long Lived Assets	6.1		Sales Value	Sales Value	N/A
Total	$	40.8