SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME (Tables)

9 Months Ended

Jul. 31, 2014

Summary of Changes in Shareholders Equity

The following table summarizes the changes of Shareholders’ Equity from October 31, 2013 to July 31, 2014 (Dollars in millions, shares in thousands):


	Capital Stock				Treasury Stock												Accumulated Other
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Noncontrolling interests			Comprehensive Income (Loss)			Shareholders’ Equity
As of October 31, 2013		47,577	$	129.4		29,265		$	(131.0	)	$	1,443.8		$	114.8		$	(159.0	)	$	1,398.0
Net income												77.5			(2.4	)					75.1
Other comprehensive income (loss):
- foreign currency translation															0.3			(36.5	)		(36.2	)
- Reclassification of cash flow hedges to earnings, net of income tax benefit of $0.2 million																		0.5			0.5
- Unrealized loss on cash flow hedges, net of immaterial income tax expense																		(0.1	)		(0.1	)
- minimum pension liability adjustment, net of income tax benefit of $0.2 million																		(0.5	)		(0.5	)

Comprehensive income																					38.8

Noncontrolling interests, loan conversion and other															15.2						15.2
Dividends paid												(73.8	)								(73.8	)
Stock options exercised		68		1.6		(68	)		0.1												1.7
Restricted stock executives and directors		22		1.1		(22	)		0.1												1.2
Long-term incentive shares issued		56		2.9		(56	)		0.1												3.0

As of July 31, 2014		47,723	$	135.0		29,119		$	(130.7	)	$	1,447.5		$	127.9		$	(195.6	)	$	1,384.1

Rollforward of Accumulated Other Comprehensive Income

The following table provides the rollforward of accumulated other comprehensive income for the nine months ended July 31, 2014 (Dollars in millions):


	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2013	$	(63.3	)	$	(0.6	)	$	(95.1	)	$	(159.0	)
Other Comprehensive Loss Before Reclassifications		(36.5	)		(0.1	)		(0.5	)	$	(37.1	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.5			—		$	0.5

Current-period Other Comprehensive Income (Loss)		(36.5	)		0.4			(0.5	)		(36.6	)

Balance as of July 31, 2014	$	(99.8	)	$	(0.2	)	$	(95.6	)	$	(195.6	)

The following table provides the rollforward of accumulated other comprehensive income for the nine months ended July 31, 2013 (Dollars in millions):


	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2012	$	(69.1	)	$	(0.9	)	$	(126.0	)	$	(196.0	)
Other Comprehensive Income (Loss) Before Reclassifications		(14.6	)		(0.1	)		0.3			(14.4	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.4			—			0.4

Current-period Other Comprehensive Income (Loss)		(14.6	)		0.3			0.3			(14.0	)

Balance as of July 31, 2013	$	(83.7	)	$	(0.6	)	$	(125.7	)	$	(210.0	)

Significant Amounts Reclassified Out of Accumulated Other Comprehensive Income

The following table provides amounts reclassified out of accumulated other comprehensive income for the nine months ended July 31 (Dollars in millions):


Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Loss				Location on Consolidated Statements of Income
	2014		2013
Cash Flow Hedges	$	0.5	$	0.4	Other expense, net

	$	0.5	$	0.4	Net income