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Goodwill and Other Intangible Assets
12 Months Ended
Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
(in millions)
Business & Industry
 
Aviation
 
Emerging Industries Group
 
Technical Solutions
 
GCA Services
 
Government Services
 
Total
Balance at October 31, 2015
$
463.0

 
$
119.5

 
$
152.8

 
$
126.1

 
$

 
$
6.0

 
$
867.5

Acquisitions(1)
10.1

 
1.0



 
53.7

 

 

 
64.8

Foreign currency translation
(2.9
)
 
(0.6
)


 
(10.1
)
 

 

 
(13.6
)
Impairment loss

 

 

 

 

 
(6.0
)
 
(6.0
)
Balance at October 31, 2016
$
470.2

 
$
120.0

 
$
152.8

 
$
169.8

 
$

 
$

 
$
912.8

Acquisitions(2)
0.9

 
3.8



 
6.4

 
933.9

 

 
945.0

Foreign currency translation
2.2

 
0.4



 
3.8

 

 

 
6.4

Balance at October 31, 2017
$
473.3

 
$
124.2

 
$
152.8

 
$
180.0

 
$
933.9

 
$

 
$
1,864.2


(1) During 2016, goodwill primarily increased as a result of the acquisitions of Westway and 8 Solutions. See Note 4, “Acquisitions,” for additional information.
(2) During 2017, goodwill primarily increased as a result of the GCA acquisition. See Note 4, “Acquisitions,” for additional information.
Other Intangible Assets
 
October 31, 2017
 
October 31, 2016
(in millions)
Gross Carrying Amount
 
Accumulated Amortization
 
Total
 
Gross Carrying Amount
 
Accumulated Amortization
 
Total
Customer contracts and relationships
$
607.9

 
$
(186.3
)
 
$
421.6

 
$
258.6

 
$
(155.1
)
 
$
103.5

Trademarks and trade names
10.8

 
(2.4
)
 
8.4

 
1.8

 
(1.5
)
 
0.2

Contract rights and other
0.5

 
(0.4
)
 
0.1

 
0.5

 
(0.4
)
 
0.1

Total(1)
$
619.2

 
$
(189.1
)
 
$
430.1

 
$
260.9

 
$
(157.0
)
 
$
103.8


(1) These intangible assets are being amortized over the expected period of benefit, with a weighted average life of approximately 13 years.
Estimated Annual Amortization Expense For Each of the Next Five Years
(in millions)
2018
 
2019
 
2020
 
2021
 
2022
Estimated amortization expense(1)
$
68.2

 
$
61.3

 
$
51.4

 
$
45.2

 
$
39.3


(1) These amounts could vary as acquisitions of additional intangible assets occur in the future and as purchase price allocations are finalized for existing acquisitions.