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Stock Plans (Tables)
12 Months Ended
Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense and Related Income Tax Benefit for Share-Based Awards
The compensation cost and related tax benefit recognized in our consolidated financial statements for share-based awards were as follows:
October 31,
 
 
 
(In millions)
2015
 
2014
 
2013
Selling, general and administrative expense
$
29.2

 
$
32.4

 
$
25.3

Cost of sales
2.8

 
2.2

 
1.9

Research and development expense
0.9

 
1.9

 
1.3

Total compensation expense
$
32.9

 
$
36.5

 
$
28.5

Related income tax benefit
$
10.2

 
$
11.7

 
$
8.8

Schedule of Assumptions Used in Estimating Fair Value of Stock Options Award Granted
The dividend yield is based on the projected annual dividend payment per share, divided by the stock price at the date of grant.

Years Ended October 31,
2015
 
2014
 
2013
Expected life
4.8 - 5.5 years

  
4.8 - 5.5 years

  
4.7 - 5.5 years

Expected volatility
29.0% - 29.5%

  
31.5% - 35.3%

  
34.8% - 35.9%

Risk-free interest rate
1.3% - 1.5%

  
1.4% - 1.6%

  
0.6% - 0.8%

Dividend yield
0.04
%
  
0.05
%
  
0.06
%
Schedule of Stock Option Plans
The activity and status of our stock option plans are summarized below:
 
Number of
Shares
 
Weighted-
Average
Exercise Price
Per Share
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic Value
Outstanding at October 31, 2014
1,323,936

 
$
63.32

  
 
 
 
Granted
143,434

 
$
162.34

  
 
 
 
Exercised
367,553

 
$
52.20

  
 
 
 
Forfeited or expired
9,286

 
$
91.67

  
 
 
 
Outstanding at October 31, 2015
1,090,531

 
$
79.85

  
5.80
 
 
Vested and exercisable at October 31, 2015
693,968

 
$
55.21

  
4.59
 
$
67,417,316

Schedule of Non-Vested RSUs
 
The status of our non-vested RSUs is summarized below:
 
Number of
Shares
 
Weighted-
Average
Grant Date Fair
Value Per Share
Non-vested RSUs at October 31, 2014
598,667

 
$
93.09

Granted
169,820

 
$
162.54

Vested and issued
229,349

 
$
78.73

Forfeited or expired
22,932

 
$
101.16

Non-vested RSUs at October 31, 2015
516,206

 
$
121.96