Income Taxes (Tables)

12 Months Ended

Oct. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

	Year Ended October 31,
(in millions)	2020		2019		2018
Current
Federal	$	(9.7)	$	26.6	$	74.0
State and local	3.3		6.1		8.0
Non-U.S.	53.0		35.9		36.1
	46.6		68.6		118.1
Deferred
Federal	7.9		2.1		(45.2)
State and local	10.2		0.9		0.8
Non-U.S.	(1.4)		(0.9)		(0.4)
	16.7		2.1		(44.8)
	$	63.3	$	70.7	$	73.3

Schedule of Reconciliation of Effective Income Tax Rate

The following is a reconciliation of the provision for income taxes based on the federal statutory rate to the Company’s effective income tax rate:

	Year Ended October 31,
	2020		2019		2018
Federal statutory rate	21.00	%	21.00	%	23.33	%
Impact of foreign tax rate differential	0.49	%	0.10	%	(0.57)	%
State and local taxes, net of federal tax benefit	5.71	%	1.99	%	2.38	%
Net impact of changes in valuation allowances	(15.23)	%	2.41	%	5.65	%
Non-deductible write-off and impairment of goodwill and other intangible assets	4.02	%	0.29	%	0.06	%
Unrecognized tax benefits	(0.75)	%	(0.76)	%	3.41	%
Permanent book-tax differences	16.56	%	(0.87)	%	(4.03)	%
Withholding taxes	5.28	%	2.43	%	1.84	%
Tax Reform Act (1)	—	%	(0.19)	%	(7.31)	%
Other items, net	(3.07)	%	0.58	%	(0.33)	%
	34.01	%	26.98	%	24.43	%

(1)Reflects the net impact of the change in deferred tax assets and liabilities and the estimated transition tax resulting from the Tax Reform Act.

Schedule of Significant Components of Company's Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities as of October 31 for the years indicated were as follows:

(in millions)	2020		2019
Deferred Tax Assets
Net operating loss and other carryforwards	$	179.3	$	206.9
Foreign tax credits	—		21.5
Pension liabilities	12.9		24.1
Incentive liabilities	8.2		12.0
Workers compensation accruals	10.0		12.1
Inventories	7.8		6.7
Operating lease liabilities	76.9		—
State income taxes	10.2		9.4
Other reserves	21.0		17.0
Deferred compensation	2.4		2.3
Other	28.5		24.2
Total Deferred Tax Assets	357.2		336.2
Valuation allowance	(146.4)		(175.0)
Net Deferred Tax Assets	$	210.8	$	161.2
Deferred Tax Liabilities
Properties, plants and equipment	$	158.1	$	152.7
Operating lease assets	76.9		—
Timberland transactions	74.2		74.2
Goodwill and other intangible assets	200.2		207.5
Other	29.3		23.9
Total Deferred Tax Liabilities	538.7		458.3
Net Deferred Tax Liability	$	327.9	$	297.1

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in millions)	2020		2019		2018
Balance of unrecognized tax benefit at November 1	$	38.8	$	36.2	$	26.8
Increases in tax positions for prior years	10.1		5.1		7.8
Decreases in tax positions for prior years	(10.5)		(0.7)		(1.4)
Increases in tax positions for current years	2.6		4.3		8.0
Settlements with taxing authorities	—		(3.6)		—
Lapse in statute of limitations	(5.5)		(2.0)		(3.6)
Currency translation	0.5		(0.5)		(1.4)
Balance at October 31	$	36.0	$	38.8	$	36.2