Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2016

following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of January 31, 2016 and October 31, 2015 (Dollars in millions):


	January 31, 2016
	Fair Value Measurement										Balance sheet
	Level 1		Level 2			Level 3		Total			Location
Foreign exchange hedges	$	—	$	0.3		$	—	$	0.3		Prepaid expenses and other current assets
Foreign exchange hedges		—		(0.3	)		—		(0.3	)	Other current liabilities
Insurance annuity**		—		—			19.8		19.8		Other long-term assets

Total*	$	—	$	—		$	19.8	$	19.8


	October 31, 2015
	Fair Value Measurement										Balance sheet
	Level 1		Level 2			Level 3		Total			Location
Foreign exchange hedges	$	—	$	0.3		$	—	$	0.3		Prepaid expenses and other current assets
Foreign exchange hedges		—		(0.2	)		—		(0.2	)	Other current liabilities
Insurance annuity**		—		—			20.1		20.1		Other long-term assets

Total*	$	—	$	0.1		$	20.1	$	20.2

*	The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of January 31, 2016 and October 31, 2015 approximate their fair values because of the short-term nature of these items and are not included in this table.

**	The change in fair value of the insurance annuity is primarily due to changes in foreign currency exchange rates.

Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities

The following table presents the estimated fair values of the Company’s senior notes and the assets held by special purpose entities (Dollars in millions):


	January 31, 2016		October 31, 2015
Senior Notes due 2017
Estimated fair value	$	313.4	$	314.8
Senior Notes due 2019
Estimated fair value		278.8		280.6
Senior Notes due 2021
Estimated fair value		249.6		258.7
Assets held by special purpose entities
Estimated fair value		54.7		54.4

Summary of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used and Net Assets Held for Sale

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the three months ended January 31, 2016.


	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value of Impairment		Valuation Technique	Unobservable Input	Range of Input Values
	(in millions)
January 31, 2016
Impairment of Net Assets Held for Sale	$	34.1	Broker Quote/ Indicative Bids	Indicative Bids	N/A
Impairment of Long Lived Assets	$	5.0	Sales Value	Sales Value	N/A
January 31, 2015
Impairment of Long Lived Assets	$	0.2	Sales Value	Sales Value	N/A