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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Jul. 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 July 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  
  

 

 

    

 

 

   

 

 

    

 

 

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

Location

Interest rate derivatives

   $ —         $ (0.4   $ —         $ (0.4   Other long-term liabilities

Foreign exchange hedges

     —           0.1        —           0.1      Prepaid expenses and other current assets

Foreign exchange hedges

     —           (0.2     —           (0.2   Other current liabilities
  

 

 

    

 

 

   

 

 

    

 

 

   

Total*

   $ —         $ (0.5   $ —         $ (0.5  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

* The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of July 31, 2014 approximate their fair values because of the short-term nature of these items and are not included in this table.
Estimated Fair Values for the Company's Senior Notes and the Assets Held by Special Purpose Entities

The following table presents the estimated fair values for the Company’s Senior Notes and the Assets held by special purpose entities (Dollars in millions):

 

     July 31, 2014      October 31, 2013  

Senior Notes due 2017

     

Estimated fair value

   $ 327.0       $ 334.5   

Senior Notes due 2019

     

Estimated fair value

     288.8         289.9   

Senior Notes due 2021

     

Estimated fair value

     320.8         317.9   

Assets held by special purpose entities

     

Estimated fair value

     54.2         50.1