Financial Derivatives and Hedging (Tables)

3 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of 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 Condensed Statements of Income and Comprehensive Income:

Period Ended January 31,		Three Months
(In millions)		2024		2023
Derivatives designated as cash flow hedges	Location of (Gain)/Loss Recognized on Derivatives
Interest rate swap contracts	Interest expense (income)	$	(13.6)	$	(8.3)

Schedule of changes in accumulated other comprehensive income

Analysis of Changes in Accumulated Other Comprehensive Loss:

(In millions)	Foreign Currency Translation Adjustment		Minimum Pension Liability		Derivative Instruments		Total
Balance at October 31, 2022	$	(555.0)	$	(6.2)	$	94.4	$	(466.8)
Gross change in value	84.0		—		(27.8)		56.2
Tax effect	—		—		6.8		6.8
Balance at January 31, 2023	$	(471.0)	$	(6.2)	$	73.4	$	(403.8)
Balance at October 31, 2023	$	(538.0)	$	(3.2)	$	87.4	$	(453.8)
Gross change in value	59.8		—		(36.8)		23.0
Tax effect	—		—		8.8		8.8
Balance at January 31, 2024	$	(478.2)	$	(3.2)	$	59.4	$	(422.0)

The following table details the changes in the cumulative pre-tax impact of the gain on derivatives designated for hedge accounting:

Period Ended January 31,	Three Months
(In millions)	2024		2023
Beginning balance gain	$	115.1	$	124.5
Amount recognized in accumulated other comprehensive income on interest rate swap contracts, gross	(23.2)		(19.5)
Amount reclassified from accumulated other comprehensive income into earnings, gross	(13.6)		(8.3)
Ending balance gain	$	78.3	$	96.7