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Income Taxes (Tables)
 12 Months Ended
Oct. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Tax, Domestic and Foreign
Years Ended October 31,
(In millions)              
2018
 
2017
 
2016
Income before income taxes:

 

 

United States
$
(122.8
)
 
$
7.8

 
$
31.5

Foreign
454.7

 
386.2

 
264.1


$
331.9

 
$
394.0

 
$
295.6

Income tax provision
$
192.0

 
$
21.1

 
$
20.7
Schedule of Income Tax Provision Related to Income from Continuing Operations
The income tax provision (benefit) related to income in our Consolidated Statements of Income consists of:
 
Years Ended October 31,
(In millions)              
2018
 
2017
 
2016
Current:

 

 

Federal
$
165.6

 
$
6.9

 
$
14.6

State
0.5

 
1.8

 
1.3

Foreign
23.0

 
19.5

 
15.5


189.1

 
28.2

 
31.4

Deferred:

 

 

Federal
16.1

 
(3.9
)
 
(3.9
)
State
1.0

 
1.4

 
(0.7
)
Foreign
(14.2
)
 
(4.6
)
 
(6.1
)

2.9

 
(7.1
)
 
(10.7
)
Income tax provision
$
192.0

 
$
21.1

 
$
20.7
Schedule of Provision for Income Taxes Attributable to Income from Operations and Amount Computed by Applying Statutory Federal Income Tax Rate
Years Ended October 31,
(In millions)              
2018
 
2017
 
2016
Computed expected provision for taxes
$
77.5

 
$
137.9

 
$
103.5

(Decrease) increase in taxes resulting from:

 

 

Income earned outside the U.S. subject to different tax rates
(97.5
)
 
(114.6
)
 
(81.2
)
State taxes, net of federal income tax benefit
(4.9
)
 
3.9

 
1.2

Research and development credit
(0.7
)
 
(0.7
)
 
(1.2
)
U.S. tax reform
214.6

 
—

 
—

Incentive stock option compensation and non-deductible employee compensation
(11.1
)
 
(12.9
)
 
0.5

Tax accrual adjustment
10.1

 
5.0

 
(5.0
)
Other, net
4.0

 
2.5

 
2.9

Actual provision for income taxes
$
192.0

 
$
21.1

 
$
20.7

 
 
 
 
 
 
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to the deferred tax assets and liabilities are:
Years Ended October 31,
(In millions)              
2018
 
2017
Deferred tax assets:

 

Accounts receivable, principally due to allowances for doubtful accounts
$
4.0

 
$
5.4

Inventories
3.8

 
6.1

Litigation settlements
0.2

 
0.8

Accrued liabilities, reserves and compensation accruals
38.8

 
50.4

Foreign deferred tax assets(1)
51.8

 
65.0

Restricted stock and stock option expenses
25.6

 
39.7

Net operating loss carryforwards
6.7

 
3.7

Intangible assets
3.1

 
—

Research and experimental expenses - Section 59(e)
2.5

 
5.1

Tax credit carryforwards
1.3

 
8.7

Total gross deferred tax assets
137.8

 
184.9

Less valuation allowance
(39.1
)
 
(59.1
)
Deferred tax assets
98.7

 
125.8

Deferred tax liabilities:

 

Tax deductible goodwill
(22.4
)
 
(32.4
)
Plant and equipment
(8.2
)
 
(4.8
)
Deferred tax on foreign earnings
(8.9
)
 
—

Transaction costs
(0.5
)
 
(1.1
)
Foreign deferred tax liabilities(1)
(31.3
)
 
(40.1
)
Other intangible assets
—

 
(25.9
)
Total gross deferred tax liabilities
(71.3
)
 
(104.3
)
Net deferred tax assets
$
27.4

 
$
21.5



(1) A reclassification between Foreign deferred tax assets and Foreign deferred tax liabilities was made to the 2017 balances.
Schedule of Changes in Gross Unrecognized Tax Benefits
The aggregated changes in the balance of unrecognized tax benefits (“UTB”) were as follows: 
(In millions)

Balance at October 31, 2016
$
39.9

Increase from prior year's UTB's
12.9

Increase from current year's UTB's
9.9

UTB (decrease) from expiration of statute of limitations
(2.8
)
Balance at October 31, 2017
59.9

Increase from prior year's UTB's
4.2

Increase from current year's UTB's
9.4

UTB (decrease) from expiration of statute of limitations
(4.6
)
Balance at October 31, 2018
$
68.9