XML 20 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Jan. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Recurring Fair Value Measurements

The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of January 31, 2014 (Dollars in millions):

 

     October 31, 2013      
     Fair Value Measurement     Balance sheet
     Level 1      Level 2     Level 3      Total     Location

Interest rate derivatives

   $ —         $ (0.9   $ —         $ (0.9   Other long-term liabilities

Foreign exchange hedges

     —           0.3        —           0.3      Prepaid expenses and other current assets

Foreign exchange hedges

     —           (1.0     —           (1.0   Other current liabilities
  

 

 

    

 

 

   

 

 

    

 

 

   

Total*

   $ —         $ (1.6   $ —         $ (1.6  
  

 

 

    

 

 

   

 

 

    

 

 

   
     January 31, 2014      
     Fair Value Measurement     Balance sheet
     Level 1      Level 2     Level 3      Total     Location

Interest rate derivatives

   $ —         $ (0.7   $ —         $ (0.7   Other long-term liabilities

Foreign exchange hedges

     —           0.7        —           0.7      Prepaid expenses and other current assets

Foreign exchange hedges

     —           (0.9     —           (0.9   Other current liabilities
  

 

 

    

 

 

   

 

 

    

 

 

   

Total*

   $ —         $ (0.9   $ —         $ (0.9  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

* The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of January 31, 2014 approximate their fair values because of the short-term nature of these items and are not included in this table.
Senior Notes Estimated Fair Value Compared to Carrying Amount

The following table presents the estimated fair value compared to the carrying amount for the Company’s Senior Notes (Dollars in millions):

 

     January 31, 2014      October 31, 2013  

Senior Notes due 2017

     

Estimated fair value

   $ 332.4       $ 334.5   

Carrying amount

     301.6         301.8   

Senior Notes due 2019

     

Estimated fair value

     282.6         289.9   

Carrying amount

     244.5         244.4   

Senior Notes due 2021

     

Estimated fair value

     321.9         317.9   

Carrying amount

     270.8         272.4