Stockholders' Equity

9 Months Ended

Jul. 31, 2017

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Analysis of Changes in Accumulated Other Comprehensive Income (Loss):

(In millions)	Foreign Currency Translation Adjustment			Minimum Pension Liability			Total
Balance at October 31, 2015	$	(171.8	)	$	(19.8	)	$	(191.6	)
Gross change in value during the year ended October 31, 2016	(289.6		)	(13.7		)	(303.3		)
Tax effect for the period	—			5.3			5.3
Balance at October 31, 2016	$	(461.4	)	$	(28.2	)	$	(489.6	)
Gross change in value during the nine months ended July 31, 2017	104.8			—			104.8
Balance at July 31, 2017	$	(356.6	)	$	(28.2	)	$	(384.8	)

Share Repurchases

In December 2011, our Board of Directors authorized the 2012 Share Repurchase Program and through subsequent amendments, the most recent in March 2017, the total repurchase authorization was increased from $500.0 million to $1.0 billion of the Company’s common stock. This program has no expiration date and may be discontinued at any time. Purchases under the 2012 Share Repurchase Program are subject to a review of the circumstances in place at the time and may be made from time to time as permitted by securities laws and other legal requirements. We did not repurchase shares in the third quarter of fiscal 2017. During the second quarter of fiscal 2017, we repurchased 150 thousand shares of our common stock for $29.5 million at an average price of $196.82. At July 31, 2017, $589.0 million remains authorized for repurchase under the program. We did not repurchase shares during the first nine months of fiscal 2016.

Dividends

We paid a semiannual dividend of approximately $1.5 million or 3 cents per share on February 9, 2017, to stockholders of record on January 23, 2017. We paid another semiannual dividend of approximately $1.5 million or 3 cents per share on August 7, 2017, to stockholders of record on July 21, 2017.