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Financial Derivatives and Hedging (Tables)
 12 Months Ended
Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative instruments recognized in condensed consolidated statements of income
The following table summarizes the amounts recognized with respect to our derivative instruments within the accompanying Consolidated Statements of Income:
Periods Ended October 31,
(In millions)202320222021
Derivatives designated as cash flow hedges
Location of (Gain)/Loss Recognized on Derivatives
Interest rate swap contracts
Interest expense (income)
$(43.1)$(2.3)$8.0 
Changes in accumulated other comprehensive (loss) income
Analysis of Changes in Accumulated Other Comprehensive Income (Loss):
(In millions)Foreign Currency Translation Adjustment Derivatives Minimum Pension Liability Total
Balance at October 31, 2020$(402.3)$(13.0)$(56.7)$(472.0)
Gross change in value82.2 34.3 29.8 146.3 
Tax effect(0.2)(8.2)(7.2)(15.6)
Balance at October 31, 2021$(320.3)$13.1 $(34.1)$(341.3)
Gross change in value$(234.7)$107.4 $36.6 $(90.7)
Tax effect— (26.1)(8.7)(34.8)
Balance at October 31, 2022$(555.0)$94.4 $(6.2)$(466.8)
Gross change in value$17.0 $(9.4)$4.0 $11.6 
Tax effect— 2.4 (1.0)1.4 
Balance at October 31, 2023$(538.0)$87.4 $(3.2)$(453.8)
The following table details the changes in the cumulative pre-tax impact of the gain on derivatives designated for hedge accounting:
(In millions)Amount
Balance gain as of October 31, 2021$17.2 
Amount recognized in other comprehensive income on interest rate swap contracts, gross ($79.7, net of tax)
105.1 
Amount reclassified from other comprehensive income into earnings, gross ($1.7, net of tax)
2.2 
Balance gain as of October 31, 2022$124.5 
Amount recognized in other comprehensive income on interest rate swap contracts, gross ($25.7, net of tax)
33.7 
Amount reclassified from other comprehensive income into earnings, gross ($(32.7), net of tax)
(43.1)
Balance gain as of October 31, 2023$115.1