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Redeemable Noncontrolling Interests (Tables)
9 Months Ended
Jul. 31, 2017
Noncontrolling Interest [Abstract]  
Rollforward of Redeemable Noncontrolling Interest
The following table summarizes the change in mandatorily redeemable noncontrolling interest for the nine months ended July 31, 2017:
(in millions)
Mandatorily
Redeemable
Noncontrolling
Interest
Balance as of October 31, 2016
$
9.0

Current period mark to redemption value
(0.3
)
Reclassification to liabilities held for sale
(8.7
)
Balance as of July 31, 2017
$


Redeemable Noncontrolling Interests
Redeemable noncontrolling interests related to one joint venture within the Paper Packaging & Services segment and one joint venture within the Rigid Industrial Packaging & Services segment are held by the respective noncontrolling interest owners. The holders of these interests share in the profits and losses of these entities on a pro rata basis with the Company. However, the noncontrolling interest owners have the right to put all or a portion of those noncontrolling interests to the Company at a formulaic price after a set period of time, specific to each agreement.
Redeemable noncontrolling interests are reflected in the condensed consolidated balance sheets at redemption value. The following table summarizes the change in redeemable noncontrolling interest for the nine months ended July 31, 2017:
(in millions)
Redeemable
Noncontrolling
Interest
Balance as of October 31, 2016
$
31.8

Current period mark to redemption value
(3.8
)
Redeemable noncontrolling interest share of income and other
3.1

Dividends to redeemable noncontrolling interest and other
(1.3
)
Balance as of July 31, 2017
$
29.8