Post Retirement Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2015

Number of Participants in Defined Benefit Plans

The following table presents the number of participants in the defined benefit plans:

October 31, 2015	Consolidated		USA		Germany		United Kingdom		Netherlands		Other International
Active participants		1,869		1,509		105		133		74		48
Vested former employees		2,083		1,525		57		399		81		21
Retirees and beneficiaries		4,050		2,480		255		718		540		57
												Other
October 31, 2014	Consolidated		USA		Germany		United Kingdom		Netherlands		International
Active participants		2,131		1,772		112		133		66		48
Vested former employees		2,149		1,431		60		399		238		21
Retirees and beneficiaries		4,131		2,372		256		718		728		57
Other plan participants		30		—		—		—		30		—

Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs

The actuarial assumptions are used to measure the year-end benefit obligations as of October 31, 2015 and the pension costs for the subsequent year were as follows:

For the year ended October 31, 2015	Consolidated			United States			Germany			United Kingdom			Netherlands			Other International
Discount rate		3.71	%		4.37	%		2.10	%		3.45	%		1.98	%		4.82	%
Expected return on plan assets		5.47	%		6.25	%		N/A			6.00	%		2.06	%		5.99	%
Rate of compensation increase		3.01	%		3.00	%		2.75	%		3.50	%		2.25	%		N/A
For the year ended October 31, 2014
Discount rate		3.69	%		4.22	%		2.45	%		3.72	%		2.20	%		4.83	%
Expected return on plan assets		5.73	%		6.25	%		N/A			6.25	%		3.25	%		6.09	%
Rate of compensation increase		2.93	%		3.00	%		2.75	%		3.25	%		2.25	%		2.41	%
For the year ended October 31, 2013
Discount rate		4.30	%		4.75	%		3.40	%		4.25	%		3.25	%		5.28	%
Expected return on plan assets		5.70	%		6.00	%		N/A			6.50	%		3.25	%		5.82	%
Rate of compensation increase		2.99	%		3.00	%		2.75	%		3.50	%		2.25	%		2.35	%

Components of Net Periodic Pension Cost

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

For the year ended October 31, 2015	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	15.5		$	11.3		$	0.5	$	1.8		$	1.4		$	0.5
Interest cost		27.6			17.3			0.9		6.5			2.4			0.5
Expected return on plan assets		(32.8	)		(18.7	)		—		(11.4	)		(1.9	)		(0.8	)
Amortization of prior service cost		0.1			0.1			—		—			—			—
Recognized net actuarial loss		14.2			10.0			0.9		2.2			0.8			0.3
Special Events
Curtailment		0.5			0.3			—		—			—			0.2
Settlement		0.1			—			—		—			—			0.1
Special/contractual terminatio benefits		0.1			—			—		—			—			0.1
Net periodic pension (benefit) cost	$	25.3		$	20.3		$	2.3	$	(0.9	)	$	2.7		$	0.9
For the year ended October 31, 2014	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	15.7		$	10.4		$	0.6	$	2.5		$	1.6		$	0.6
Interest cost		29.6			16.6			1.3		7.5			3.6			0.6
Expected return on plan assets		(33.9	)		(17.4	)		—		(12.6	)		(3.1	)		(0.8	)
Amortization of prior service cost		0.2			0.2			—		—			—			—
Recognized net actuarial loss		10.4			6.8			0.7		1.9			0.8			0.2
Net periodic pension (benefit) cost	$	22.0		$	16.6		$	2.6	$	(0.7	)	$	2.9		$	0.6
For the year ended October 31, 2013	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	16.7		$	11.5		$	0.6	$	2.9		$	1.2		$	0.5
Interest cost		27.6			15.9			1.2		6.5			3.3			0.7
Expected return on plan assets		(32.1	)		(16.4	)		—		(11.7	)		(3.2	)		(0.8	)
Amortization of prior service cost		0.6			0.5			—		—			—			0.1
Recognized net actuarial loss		16.4			13.6			0.6		1.3			0.6			0.3
Net periodic pension (benefit) cost	$	29.2		$	25.1		$	2.4	$	(1.0	)	$	1.9		$	0.8

Benefit Obligations in Excess of Plan Assets

The following tables set forth the PBO, ABO, plan assets and instances where the ABO exceeds the plan assets for the respective years (Dollars in millions):

Actuarial value of benefit obligations
	Consolidated		USA		Germany		United Kingdom		Netherlands		Other International
October 31, 2015
Projected benefit obligation	$	765.8	$	432.1	$	38.7	$	184.0	$	100.8	$	10.2
Accumulated benefit obligation		739.9		409.8		35.9		184.0		100.0		10.2
Plan assets		624.7		311.1		—		208.4		92.7		12.5
October 31, 2014
Projected benefit obligation	$	786.9	$	419.6	$	41.9	$	186.9	$	123.6	$	14.9
Accumulated benefit obligation		752.5		393.2		38.9		184.9		122.0		13.5
Plan assets		650.8		325.6		—		202.7		107.8		14.7
Plans with ABO in excess of Plan assets
October 31, 2015
Accumulated benefit obligation	$	546.5	$	409.8	$	35.9	$	—	$	100.0	$	0.8
Plan assets		404.4		311.1		—		—		92.7		0.6
October 31, 2014
Accumulated benefit obligation	$	567.6	$	393.2	$	38.9	$	—	$	122.0	$	13.5
Plan assets	$	445.2		325.6		—		—		107.9		11.7

Future Benefit Payments Next Five Years and Thereafter

Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):

Year	Expected benefit payments
2016	$	41.6
2017	$	41.5
2018	$	42.5
2019	$	44.2
2020	$	44.7
2021-2025	$	237.1

Weighted Average Asset Allocations at Measurement Date and Target Asset Allocations

The Company’s weighted average asset allocations at the measurement date and the target asset allocations by category are as follows:

Asset Category	2015 Target			2015 Actual			2014 Target			2014 Actual
Equity securities		23	%		28	%		24	%		28	%
Debt securities		51	%		40	%		49	%		39	%
Other		26	%		32	%		27	%		33	%
Total		100	%		100	%		100	%		100	%

Fair Value Measurements for Pension Assets

The following table presents the fair value measurements for the pension assets:

As of October 31, 2015 (Dollars in millions)
Asset Category	Fair Value Measurement
	Level 1		Level 2		Level 3		Total
Mutual funds	$	124.4	$	161.2	$	—	$	285.6
Common stock		26.7		—		—		26.7
Cash		20.0		—		—		20.0
Money market fund		0.6		—		—		0.6
Common collective trusts		—		128.3		—		128.3
Corporate bonds		—		19.7		—		19.7
Government bonds		—		10.0		—		10.0
Insurance Annuity		—		—		130.2		130.2
Other assets		—		3.6		—		3.6
Total	$	171.7	$	322.8	$	130.2	$	624.7
As of October 31, 2014 (Dollars in millions)
Asset Category	Fair Value Measurement
	Level 1		Level 2		Level 3		Total
Mutual funds	$	143.0	$	160.4	$	—	$	303.4
Common stock		31.0		—		—		31.0
Cash		13.7		—		—		13.7
Money market fund		0.2		—		—		0.2
Common collective trusts		—		132.5		—		132.5
Government Bonds		—		15.6		—		15.6
Corporate bonds		—		3.1		—		3.1
Other assets		—		0.2		—		0.2
Insurance Annuity		—		—		151.1		151.1
Total	$	187.9	$	311.8	$	151.1	$	650.8

Amounts Recognized in Consolidated Financial Statements

Financial statement presentation including other comprehensive income:

As of October 31, 2015	Consolidated			USA			Germany			United Kingdom		Netherlands			Other International
Unrecognized net actuarial loss	$	192.1		$	126.6		$	15.9		$	32.9	$	14.9		$	1.8
Unrecognized prior service cost		(3.4	)		(1.8	)		—			—		(1.6	)		—
Unrecognized initial net obligation		—			—			—			—		—			—
Accumulated other comprehensive loss (Pre-tax)	$	188.7		$	124.8		$	15.9		$	32.9	$	13.3		$	1.8
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	26.7		$	—		$	—		$	24.4	$	—		$	2.3
Accrued benefit liability		(167.8	)		(121.0	)		(38.6	)		—		(8.2	)		—
Accumulated other comprehensive loss		188.6			124.8			15.9			32.9		13.2			1.8
Net amount recognized	$	47.5		$	3.8		$	(22.7	)	$	57.3	$	5.0		$	4.1
As of October 31, 2014	Consolidated			USA			Germany			United Kingdom		Netherlands			Other International
Unrecognized net actuarial loss	$	198.5		$	110.1		$	16.8		$	41.1	$	25.4		$	5.1
Unrecognized prior service cost		—			0.9			—			—		(0.9	)		—
Unrecognized initial net obligation		0.3			—			—			—		—			0.3
Accumulated other comprehensive loss (Pre-tax)	$	198.8		$	111.0		$	16.8		$	41.1	$	24.5		$	5.4
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	18.6		$	—		$	—		$	15.8	$	—		$	2.8
Accrued benefit liability		(154.6	)		(94.0	)		(41.8	)		—		(15.7	)		(3.1	)
Accumulated other comprehensive loss		198.8			111.0			16.8			41.1		24.5			5.4
Net amount recognized	$	62.8		$	17.0		$	(25.0	)	$	56.9	$	8.8		$	5.1

	October 31, 2015			October 31, 2014
Accumulated other comprehensive loss at beginning of year	$	198.8		$	149.6
Increase or (decrease) in accumulated other comprehensive (income) or loss
Net transition obligation amortized during fiscal year		(0.1	)		(0.1	)
Net prior service costs amortized during fiscal year		(0.1	)		(0.2	)
Net loss amortized during fiscal year		(14.2	)		(10.4	)
Prior service cost recognized during fiscal year due to curtailment		(0.3	)		—
Transition obligation recognized during fiscal year due to curtailment		(0.2	)		—
Loss recognized during fiscal year due to settlement		(0.1	)		—
Prior service credit occurring during fiscal year		(3.2	)		(0.5	)
Liability loss occurring during fiscal year		8.4			92.8
Asset loss (gain) occurring during fiscal year		7.5			(28.6	)
Increase (decrease) in accumulated other comprehensive loss	$	(2.3	)	$	53.0
Foreign currency impact		(7.9	)		(3.8	)
Accumulated other comprehensive (income) or loss at current fiscal year end	$	188.6		$	198.8

Components of Net Periodic Cost for Postretirement Benefits

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

For the years ended October 31,	2015			2014			2013
Service cost	$	—		$	—		$	—
Interest cost		0.7			0.8			0.8
Amortization of prior service cost		(1.5	)		(1.6	)		(1.5	)
Recognized net actuarial gain		(0.1	)		—			—
Net periodic income	$	(0.9	)	$	(0.8	)	$	(0.7	)

Schedule of Plan's Change in Benefit Obligation

The following table sets forth the plans’ change in benefit obligation (Dollars in millions):

	October 31, 2015			October 31, 2014
Benefit obligation at beginning of year	$	17.3		$	18.5
Service cost		—			—
Interest cost		0.7			0.8
Actuarial loss		(1.0	)		(0.5	)
Foreign currency effect		(0.6	)		(0.3	)
Benefits paid		(1.5	)		(1.2	)
Benefit obligation at end of year	$	14.9		$	17.3

Schedule of Other Comprehensive Income Included in Financial Statement

Financial statement presentation included other comprehensive income (Dollars in millions):

	October 31, 2015		October 31, 2014
Unrecognized net actuarial gain	$	1.6	$	0.8
Unrecognized prior service credit		5.8		7.4
Accumulated other comprehensive income	$	7.4	$	8.2

Summary of Healthcare Cost Trend Rates on Gross Eligible Charges

The healthcare cost trend rates on gross eligible charges are as follows:

	Medical
Current trend rate		7.2	%
Ultimate trend rate		5.2	%
Year ultimate trend rate reached (South Africa)		2017
Year ultimate trend rate reached (US)		2026

Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates

A one-percentage point change in assumed health care cost trend rates would have the following effects (Dollars in thousands):

	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost components	$	34	$	(29	)
Effect on postretirement benefit obligation	$	361	$	(309	)

Postretirement Health Care and Life Insurance Benefits [Member]

Number of Participants in Defined Benefit Plans

The following table presents the number of participants in the post-retirement health and life insurance benefit plan:

October 31, 2015	Consolidated		USA		South Africa
Active participants		25		12		13
Vested former employees		0		0		0
Retirees and beneficiaries		757		667		90
Other plan participants		0		0
October 31, 2014	Consolidated		USA		South Africa
Active participants		25		12		13
Vested former employees		0		0		0
Retirees and beneficiaries		779		683		96
Other plan participants		0		0		0

Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs

The discount rate actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:

	Consolidated			United States			South Africa
For the year ended October 31, 2015		4.65	%		3.88	%		9.20	%
For the year ended October 31, 2014		4.45	%		3.70	%		8.20	%

Future Benefit Payments Next Five Years and Thereafter

Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):

Year	Expected benefit payments
2016	$	1.5
2017	$	1.4
2018	$	1.3
2019	$	1.2
2020	$	1.2
2021-2025	$	5.3

Pension Plans, Defined Benefit [Member]

Change in Projected Benefit Obligation

The following table sets forth the plans’ change in projected benefit obligation (Dollars in millions):

For the year ended October 31, 2015	Consolidated			USA			Germany			United Kingdom			Netherlands			Other International
Change in benefit obligation:
Benefit obligation at beginning of year	$	786.9		$	419.6		$	41.9		$	186.9		$	123.6		$	14.9
Service cost		15.5			11.3			0.5			1.8			1.4			0.5
Interest cost		27.6			17.3			0.9			6.5			2.4			0.5
Plan participant contributions		0.2			—			—			—			0.2			—
Expenses paid from assets		(2.7	)		(2.1	)		—			(0.7	)		0.2			(0.1	)
Plan Amendments		(3.3	)		(2.3	)		—			—			(1.0	)		—
Actuarial (gain) loss		15.7			9.1			2.2			9.0			(4.6	)		—
Foreign currency effect		(33.7	)		—			(5.6	)		(9.7	)		(16.2	)		(2.2	)
Benefits paid		(33.0	)		(18.4	)		(1.2	)		(7.3	)		(5.2	)		(0.9	)
Curtailments		(7.2	)		(2.1	)		—			(2.5	)		—			(2.6	)
Other		(0.2	)		(0.3	)		—			—			—			0.1
Benefit obligation at end of year	$	765.8		$	432.1		$	38.7		$	184.0		$	100.8		$	10.2
For the year ended October 31, 2014
Change in benefit obligation:
Benefit obligation at beginning of year	$	703.8		$	358.7		$	39.0		$	174.9		$	116.9		$	14.3
Service cost		15.7			10.4			0.6			2.5			1.6			0.6
Interest cost		29.6			16.6			1.3			7.5			3.6			0.6
Plan participant contributions		0.3			—			—			—			0.3			—
Expenses paid from assets		(2.5	)		(1.2	)		—			(1.1	)		—			(0.2	)
Plan amendments		(0.5	)		0.4			—			—			(0.9	)		—
Actuarial loss		92.8			51.4			5.7			15.9			18.1			1.7
Foreign currency effect		(14.6	)		—			(3.3	)		(0.4	)		(9.9	)		(1.0	)
Benefits paid		(37.7	)		(16.7	)		(1.4	)		(12.4	)		(6.1	)		(1.1	)
Benefit obligation at end of year	$	786.9		$	419.6		$	41.9		$	186.9		$	123.6		$	14.9

Fair Value Measurements for Pension Assets

The fair value of the pension plans’ investments is presented below. The inputs and valuation techniques used to measure the fair value of the assets are consistently applied and described in Note 10.

For the year ended October 31, 2015	Consolidated			USA			Germany		United Kingdom			Netherlands			Other International
Change in plan assets:
Fair value of plan assets at beginning of year	$	650.8		$	325.6		$	—	$	202.7		$	107.8		$	14.7
Actual return on plan assets		25.4			(0.9	)		—		21.8			3.9			0.6
Expenses paid		(2.7	)		(2.1	)		—		(0.7	)		0.2			(0.1	)
Plan participant contributions		0.2			—			—		—			0.2			—
Foreign currency impact		(27.3	)		—			—		(10.6	)		(14.2	)		(2.5	)
Employer contributions		8.2			5.0			—		2.5			—			0.7
Benefits paid		(29.9	)		(16.5	)		—		(7.3	)		(5.2	)		(0.9	)
Fair value of plan assets at end of year	$	624.7		$	311.1		$	—	$	208.4		$	92.7		$	12.5
For the year ended October 31, 2014
Change in plan assets:
Fair value of plan assets at beginning of year	$	621.2		$	301.8		$	—	$	198.9		$	106.5		$	14.0
Actual return on plan assets		62.6			29.8			—		15.7			15.8			1.3
Expenses paid		(2.5	)		(1.2	)		—		(1.1	)		—			(0.2	)
Plan participant contributions		0.3			—			—		—			0.3			—
Foreign currency impact		(10.0	)		—			—		(0.3	)		(8.7	)		(1.0	)
Employer contributions		15.5			11.9			—		1.9			—			1.7
Benefits paid		(36.3	)		(16.7	)		—		(12.4	)		(6.1	)		(1.1	)
Fair value of plan assets at end of year	$	650.8		$	325.6		$	—	$	202.7		$	107.8		$	14.7

Level 3 [Member]

Reconciliation of Beginning and Ending Balances of Fair Value Measurements Using Significant Unobservable Inputs

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3). There have been no transfers in or out of level 3:

	Pension Plan
(Dollars in millions)	2015			2014
Balance at beginning of year	$	151.1		$	96.6
Actual return on plan assets held at reporting date:
Assets still held at reporting date		7.1			15.9
Plan participant contributions		—			0.3
Net purchases (settlements)		—			47.0
Transfers		(3.4	)		—
Currency impact		(24.6	)		(8.7	)
Balance at end of year	$	130.2		$	151.1