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Post Retirement Benefit Plans (Tables)
 12 Months Ended
Oct. 31, 2020
Retirement Benefits [Abstract]  
Schedule of Number of Participants in Defined Benefit Plans
The following table presents the number of participants in the defined benefit plans:
October 31, 2020ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
Active participants2,226 2,127 36 — 63 — 
Vested former employees and deferred members3,385 2,788 82 366 105 44 
Retirees and beneficiaries6,526 5,138 267 662 405 54 
October 31, 2019ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
Active participants2,455 2,351 41 — 63 — 
Vested former employees and deferred members5,236 4,643 86 366 97 44 
Retirees and beneficiaries6,462 5,074 258 662 414 54 
Schedule of Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs
The weighted average assumptions used to measure the year-end benefit obligations as of October 31 were as follows:
As of October 31,20202019
Discount rate2.48 %2.74 %
Rate of compensation increase2.91 %2.85 %

The weighted average assumptions used to determine the pension cost for the years ended October 31 were as follows:

For the year ended October 31,202020192018
Discount rate2.74 %3.48 %3.01 %
Expected Return on plan assets 4.64 %4.12 %4.53 %
Rate of compensation increase2.85 %2.85 %2.85 %
Schedule of Components of Net Periodic Cost for Postretirement Benefits
The components of net periodic pension cost include the following:
For the year ended October 31, 2020ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Service cost$12.8 $11.5 $0.4 $0.5 $0.3 $0.1 
Interest cost25.9 22.4 0.2 2.7 0.3 0.3 
Expected return on plan assets(37.9)(31.4)— (5.2)(0.7)(0.6)
Amortization of prior service (benefit) cost(0.1)(0.1)— 0.1 (0.1)— 
Recognized net actuarial loss13.2 10.2 1.8 1.1 — 0.1 
Special Events
Settlement0.3 (0.1)— 0.4 — — 
Net periodic pension (benefit) cost$14.2 $12.5 $2.4 $(0.4)$(0.2)$(0.1)
For the year ended October 31, 2019ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Service cost$14.1 $12.7 $0.3 $0.5 $0.5 $0.1 
Interest cost31.0 25.4 0.5 3.9 0.9 0.3 
Expected return on plan assets(38.8)(30.5)— (6.2)(1.3)(0.8)
Amortization of prior service (benefit) cost(0.1)(0.1)— 0.1 (0.1)— 
Recognized net actuarial loss7.1 5.0 0.9 1.2 — — 
Net periodic pension (benefit) cost$13.3 $12.5 $1.7 $(0.5)$— $(0.4)
For the year ended October 31, 2018ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Service cost$12.3 $10.8 $0.4 $0.5 $0.5 $0.1 
Interest cost18.9 13.2 0.5 4.0 0.9 0.3 
Expected return on plan assets(25.5)(16.8)— (6.5)(1.4)(0.8)
Amortization of prior service (benefit) cost(0.2)(0.1)— — (0.1)— 
Recognized net actuarial loss11.0 8.1 1.1 1.7 — 0.1 
Other Adjustments2.8 — — 2.8 — — 
Special Events
Settlement1.3 — — 1.3 — — 
Net periodic pension (benefit) cost$20.6 $15.2 $2.0 $3.8 $(0.1)$(0.3)
Schedule of Change in Projected Benefit Obligation
The following table sets forth the plans’ change in projected benefit obligation:
For the year ended October 31, 2020ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year$1,158.7 $831.0 $44.1 $180.8 $91.3 $11.5 
Service cost12.8 11.5 0.4 0.5 0.3 0.1 
Interest cost25.9 22.4 0.2 2.7 0.3 0.3 
Plan participant contributions0.2 — — — 0.2 — 
Expenses paid from assets(3.4)(2.6)— (0.9)0.2 (0.1)
Actuarial loss (gain)17.4 14.6 (3.5)7.6 (1.6)0.3 
Foreign currency effect8.6 — 2.3 1.7 5.0 (0.4)
Benefits paid(109.9)(94.9)(1.4)(7.8)(4.8)(1.0)
Benefit obligation at end of year$1,110.3 $782.0 $42.1 $184.6 $90.9 $10.7 
For the year ended October 31, 2019ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year$662.4 $351.9 $38.1 $176.3 $85.4 $10.7 
Service cost14.1 12.7 0.3 0.5 0.5 0.1 
Interest cost31.0 25.4 0.5 3.9 0.9 0.3 
Plan participant contributions0.2 — — — 0.2 — 
Expenses paid from assets(5.9)(5.1)— (0.7)— (0.1)
Actuarial loss131.0 105.5 7.4 6.0 11.0 1.1 
Foreign currency effect(1.8)— (0.9)1.1 (1.9)(0.1)
Benefits paid(61.6)(48.7)(1.3)(6.3)(4.8)(0.5)
Acquisitions389.3 389.3 — — — — 
Benefit obligation at end of year$1,158.7 $831.0 $44.1 $180.8 $91.3 $11.5 
Schedule of Benefit Obligations in Excess of Plan Assets
The following tables set forth the PBO, ABO, plan assets and instances where the ABO exceeds the plan assets for the respective years: 
Actuarial value of benefit obligations
(in millions)ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
October 31, 2020
Projected benefit obligation$1,110.3 $782.0 $42.1 $184.6 $90.9 $10.7 
Accumulated benefit obligation1,086.1 760.3 41.0 184.6 89.3 10.9 
Plan assets1,002.1 687.0 — 210.0 92.0 13.1 
October 31, 2019
Projected benefit obligation$1,158.7 $831.0 $44.1 $180.8 $91.3 $11.5 
Accumulated benefit obligation1,131.3 806.8 42.6 180.8 89.6 11.5 
Plan assets1,017.0 698.7 — 209.8 94.5 14.0 
Plans with ABO in excess of Plan assets      
October 31, 2020
Accumulated benefit obligation$812.2 $760.3 $41.0 $— $— $10.9 
Plan assets697.2 687.2 — — — 10.0 
October 31, 2019
Accumulated benefit obligation$860.9 $806.8 $42.6 $— $— $11.5 
Plan assets709.7 698.9 — — — 10.8 
Schedule of Future Benefit Payments Next Five Years and Thereafter
Future benefit payments for the Company's global plans, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows:
(in millions)Expected
Benefit
Payments
Year(s)
2021$63.3 
202262.8 
202364.7 
202465.5 
202563.6 
2026-2030313.0 
Schedule of Weighted Average Asset Allocations at Measurement Date and Target Asset Allocations
The Company’s weighted average asset allocations at the measurement date and the target asset allocations by category are as follows:
Asset Category
2021 Target
2020 Target
2020 Actual
Equity securities21 %29 %22 %
Debt securities63 %55 %61 %
Other16 %16 %17 %
Total100 %100 %100 %
Schedule of Fair Value of the Pension Plans Investments
The fair value of the pension plans’ investments is presented below. The inputs and valuation techniques used to measure the fair value of the assets are consistently applied and described in Note 7 of the Notes to the Consolidated Financial Statements. 
For the year ended October 31, 2020ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Change in plan assets:
Fair value of plan assets at beginning of year$1,017.0 $698.7 $— $209.8 $94.5 $14.0 
Actual return on plan assets65.4 62.2 — 4.6 (2.1)0.7 
Expenses paid(3.4)(2.6)— (0.9)0.2 (0.1)
Plan participant contributions0.2 — — — 0.2 — 
Foreign currency impact6.4 — — 1.9 5.0 (0.5)
Employer contributions22.4 21.0 — 2.4 (1.0)— 
Benefits paid out of plan(105.9)(92.3)— (7.8)(4.8)(1.0)
Fair value of plan assets at end of year$1,002.1 $687.0 $— $210.0 $92.0 $13.1 
For the year ended October 31, 2019ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Change in plan assets:
Fair value of plan assets at beginning of year$594.8 $311.9 $— $178.7 $90.6 $13.6 
Actual return on plan assets140.1 93.4 — 35.2 10.7 0.8 
Expenses paid(5.9)(5.1)— (0.7)— (0.1)
Plan participant contributions0.2 — — — 0.2 — 
Foreign currency impact(0.7)— — 1.3 (2.1)0.1 
Employer contributions22.7 21.0 — 1.6 — 0.1 
Benefits paid out of plan(57.8)(46.1)— (6.3)(4.9)(0.5)
Acquisitions323.6 323.6 — — — — 
Fair value of plan assets at end of year$1,017.0 $698.7 $— $209.8 $94.5 $14.0 
Schedule of Fair Value Measurements for Pension Assets
The following table presents the fair value measurements for the pension assets:
    
As of October 31, 2020 (in millions)
Fair Value Measurement
Asset CategoryLevel 1Level 2Level 3Total
Mutual funds$9.2 $122.4 $— $131.6 
Common stock9.3 — — 9.3 
Cash14.8 — — 14.8 
Corporate bonds— 250.3 — 250.3 
Government bonds— 34.2 — 34.2 
Other assets— 0.7 — 0.7 
Total Assets in the Fair Value Hierarchy$33.3 $407.6 $— $440.9 
Investments Measured at Net Asset Value
Mutual funds0.5 
Insurance contracts132.9 
Common stock funds215.4 
Corporate bond funds203.1 
Government bond funds9.3 
Investments at Fair Value$33.3 $407.6 $— $1,002.1 
As of October 31, 2019 (in millions)
Fair Value Measurement
Asset CategoryLevel 1Level 2Level 3Total
Mutual funds$25.6 $137.4 $— $163.0 
Common stock27.6 — — 27.6 
Cash6.5 — — 6.5 
Corporate bonds— 134.8 — 134.8 
Government bonds— 39.8 — 39.8 
Other assets— 0.2 — 0.2 
Total Assets in the Fair Value Hierarchy$59.7 $312.2 $— $371.9 
Investments Measured at Net Asset Value
Mutual funds358.5 
Insurance contracts130.2 
Common stock funds81.5 
Corporate bond funds70.8 
Government bond funds4.1 
Investments at Fair Value$59.7 $312.2 $— $1,017.0 
Schedule of Amounts Recognized in Consolidated Financial Statements
Financial statement presentation including other comprehensive income:
As of October 31, 2020ConsolidatedUnited StatesGermanyUnited  KingdomNetherlandsOther
International
(in millions)
Unrecognized net actuarial loss$149.7 $94.1 $14.8 $32.4 $4.5 $3.9 
Unrecognized prior service cost (credit)0.9 (0.8)— 3.2 (1.5)— 
Accumulated other comprehensive loss (gain) - Pre-tax$150.6 $93.3 $14.8 $35.6 $3.0 $3.9 
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost$29.5 $— $— $25.3 $1.1 $3.1 
Accrued benefit liability(137.7)(94.7)(42.1)— — (0.9)
Accumulated other comprehensive loss150.6 93.3 14.8 35.6 3.0 3.9 
Net amount recognized$42.4 $(1.4)$(27.3)$60.9 $4.1 $6.1 
As of October 31, 2019ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
(in millions)
Unrecognized net actuarial loss$171.8 $120.5 $19.2 $25.3 $3.1 $3.7 
Unrecognized prior service cost (credit)0.8 (1.0)— 3.3 (1.5)— 
Accumulated other comprehensive loss (gain) - Pre-tax$172.6 $119.5 $19.2 $28.6 $1.6 $3.7 
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost$35.4 $— $— $29.0 $3.2 $3.2 
Accrued benefit liability(177.0)(132.2)(44.1)— — (0.7)
Accumulated other comprehensive loss (gain)172.6 119.5 19.2 28.6 1.6 3.7 
Net amount recognized$31.0 $(12.7)$(24.9)$57.6 $4.8 $6.2 

(in millions)October 31, 2020October 31, 2019
Accumulated other comprehensive loss at beginning of year$172.6 $150.4 
Increase or (decrease) in accumulated other comprehensive loss
Net prior service benefit amortized 0.1 0.1 
Net loss amortized (13.2)(7.1)
Loss recognized due to settlement(0.3)— 
Liability loss (gain)17.4 131.0 
Asset (gain) loss (27.4)(101.3)
Increase (decrease) in accumulated other comprehensive loss$(23.4)$22.7 
Foreign currency impact1.4 (0.5)
Accumulated other comprehensive loss at year end$150.6 $172.6