Share-Based Compensation

6 Months Ended

Apr. 30, 2024

Share-Based Payment Arrangement [Abstract]

Note 8. Share-Based Compensation

The Company has several stock plans that are described in the Company’s Annual Report on Form 10‑K for the fiscal year ended October 31, 2023. The compensation expense and related income tax benefit recognized in our Consolidated Condensed Statements of Income and Comprehensive Income for share-based awards, including the Employee Stock Purchase Plan, were as follows:


Periods Ended April 30,	Three Months				Six Months
(In millions)	2024		2023		2024		2023
Selling, general and administrative expense	$	15.4	$	13.4	$	37.2	$	27.8
Cost of sales	1.1		0.9		2.3		2.0
Research and development expense	0.7		0.8		1.6		1.6
Total share-based compensation expense	$	17.2	$	15.1	$	41.1	$	31.4
Related income tax benefit	$	1.5	$	1.6	$	4.8	$	3.3