Post Retirement Benefit Plans

6 Months Ended

Apr. 30, 2015

Postemployment Benefits [Abstract]

Post Retirement Benefit Plans

NOTE 12 — POST RETIREMENT BENEFIT PLANS

The components of net periodic pension cost include the following (Dollars in millions):

	Three months ended April 30,						Six months ended April 30,
	2015			2014			2015			2014
Service cost	$	4.2		$	3.9		$	8.3		$	7.8
Interest cost		7.1			7.4			14.2			14.8
Expected return on plan assets		(8.5	)		(8.5	)		(16.9	)		(17.0	)
Amortization of prior service cost, initial net asset and net actuarial gain		3.6			2.7			7.3			5.4
Net periodic pension costs	$	6.4		$	5.5		$	12.9		$	11.0

The Company made $7.1 million in pension contributions in the six months ended April 30, 2015. The Company estimates $14.2 million of pension contributions for the twelve months ended October 31, 2015.

The components of net periodic cost for postretirement benefits include the following (Dollars in millions):

	Three months ended April 30,						Six months ended April 30,
	2015			2014			2015			2014
Service cost	$	—		$	—		$	—		$	—
Interest cost		0.2			0.2			0.4			0.4
Amortization of prior service cost and recognized actuarial gain		(0.4	)		(0.4	)		(0.8	)		(0.8	)
Net periodic benefit for postretirement benefits	$	(0.2	)	$	(0.2	)	$	(0.4	)	$	(0.4	)