XML 35 R15.htm IDEA: XBRL DOCUMENT v3.23.1
POST RETIREMENT BENEFIT PLANS
6 Months Ended
Apr. 30, 2023
Retirement Benefits [Abstract]  
POST RETIREMENT BENEFIT PLANS POST RETIREMENT BENEFIT PLANS
The components of net periodic pension cost include the following:
 Three Months Ended
April 30,
Six Months Ended
April 30,
(in millions)2023202220232022
Service cost$2.0 $3.0 $4.0 $6.0 
Interest cost8.7 5.1 17.4 10.2 
Expected return on plan assets(9.7)(8.3)(19.4)(16.5)
Amortization of prior service cost
(0.1)(0.1)(0.2)(0.2)
Recognized net actuarial loss(0.6)2.0 (1.1)4.0 
Net periodic pension cost$0.3 $1.7 $0.7 $3.5 
As previously disclosed in the Company’s 2022 Form 10-K, the Company expects to make employer contributions of $28.4 million, including benefits paid directly by the Company, during 2023.
The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item “Other income, net” in the interim condensed consolidated statements of income.