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DEBT (Tables)
 12 Months Ended
Oct. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Components of Debt
Components of Debt
As of October 31,
(in millions)20222021
Current portion of long-term debt
Gross term loan$32.5 $32.5 
Unamortized deferred financing costs(1.0)(1.1)
Current portion of term loan$31.5 $31.4 
Receivables facility150.0 — 
Current portion of debt$181.5 $31.4 
Long-term debt
Gross term loan$568.8 $601.3 
Unamortized deferred financing costs(2.4)(3.5)
Total noncurrent portion of term loan566.3 597.8 
Revolving line of credit(1)(2)
520.0 255.0 
Long-term debt$1,086.3 $852.8 
(1) Standby letters of credit amounted to $158.3 million at October 31, 2022.
(2) At October 31, 2022, we had borrowing capacity of $612.9 million.
Schedule of Term Loan Maturities As of October 31, 2022, the following principal payments are required under the term loan.
(in millions)20232024202520262027
Debt maturities$32.5 $32.5 $32.5 $1,023.8 $— 
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 100.0 million1.78%February 9, 2022June 28, 2026
$ 150.0 million1.92%February 25, 2022June 28, 2026
$ 100.0 million2.98%May 4, 2022June 28, 2026
    $ 129.4 million(1)
2.89%July 7, 2022June 28, 2026
    $ 170.6 million(1)
2.86%July 18, 2022June 28, 2026
(1) In July 2022, we entered into interest rate swap agreements with notional values totaling $300.0 million at inception. The notional amount reduces to $250.0 million in April 2024, $175.0 million in October 2024, and $100.0 million in October 2025 before maturing on June 28, 2026