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Basis of Presentation and Significant Accounting Policies (Tables)
 9 Months Ended
Jul. 31, 2019
Accounting Policies [Abstract]  
Schedule of Management Reimbursement Revenue by Segment These revenues and expenses are reported in equal amounts as costs reimbursed from our managed locations:
 
Three Months Ended July 31,
 
Nine Months Ended July 31,
(in millions)
2019
 
2018
 
2019
 
2018
Business & Industry
$
70.9

 
$
69.7

 
$
211.2

 
$
206.1

Aviation
24.4

 
23.8

 
72.0

 
76.9

Total
$
95.3

 
$
93.5

 
$
283.2

 
$
282.9
Schedule of New Accounting Pronouncements Impacts on Consolidated Financial Statements
During the first quarter of 2019, we adopted the following ASUs with no material impact on our consolidated financial statements:
ASU
 
Topic
 
Method of Adoption
2016-01
 
Financial Instruments
 
Modified retrospective
2016-15
 
Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments
 
Retrospective
2016-16
 
Income Taxes — Intra-Entity Transfers of Assets Other Than Inventory
 
Modified retrospective
2016-18
 
Statement of Cash Flows — Restricted Cash
 
Retrospective
2017-07
 
Compensation — Retirement Benefits
 
Retrospective
2017-09
 
Compensation — Stock Compensation
 
Prospective
2018-02
 
Income Statement — Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
 
Early adopted; we elected not to reclassify any stranded tax effects of the Tax Cuts and Jobs Act (the “Tax Act”) due to the insignificance of the amount remaining in accumulated other comprehensive income (“AOCI”).
2018-04
 
Investments — Debt Securities
 
Adopted in conjunction with ASU 2016-01

(in millions)
 
Balance at October 31, 2018
 
Adjustments Due to Adoption of Topic 606
 
Balance at November 1, 2018
ASSETS
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Trade accounts receivable, net
 
$
1,014.1

 
$
(40.1
)
 
$
974.0

Costs incurred in excess of amounts billed
 
—

 
40.1

 
40.1

Other current assets
 
37.0

 
3.6

 
40.6

Other noncurrent assets
 
109.6

 
11.5

 
121.1

 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Other accrued liabilities
 
$
152.7

 
$
6.0

 
$
158.9

Deferred income tax liability, net
 
37.8

 
2.6

 
40.3

Retained earnings
 
771.2

 
6.5

 
777.6

The impact of adopting Topic 606 on our unaudited consolidated balance sheet as of July 31, 2019 was as follows:
 
 
As of July 31, 2019
(in millions)
 
Under Historical Guidance
 
Effect of Adoption
 
As Reported
ASSETS
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Other current assets
 
$
44.0

 
$
9.5

 
$
53.5

Other noncurrent assets
 
108.0

 
12.2

 
120.2

 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Other accrued liabilities
 
$
159.9

 
$
6.6

 
$
166.4

Deferred income tax liability, net
 
30.7

 
0.9

 
31.6

Retained earnings
 
806.2

 
14.3

 
820.5


The impacts of adopting Topic 606 and Topic 853 on our unaudited consolidated statements of comprehensive income for the three and nine months ended July 31, 2019 were as follows:

 
Three Months Ended July 31, 2019
 
Nine Months Ended July 31, 2019
(in millions, except per share amounts)
 
Under Historical Guidance
 
Effect of Adoption
 
As Reported
 
Under Historical Guidance
 
Effect of Adoption
 
As Reported
Revenues
 
$
1,661.0

 
$
(13.1
)
 
$
1,647.9

 
$
4,887.1

 
$
(36.5
)
 
$
4,850.6

Operating expenses
 
1,466.6

 
(12.5
)
 
1,454.1

 
4,350.3

 
(36.1
)
 
4,314.2

Selling, general and administrative expenses
 
121.9

 
(2.2
)
 
119.8

 
347.5

 
(6.6
)
 
340.9

Income tax provision
 
8.1

 
0.4

 
8.5

 
24.2

 
1.6

 
25.8

Net income
 
35.6

 
1.2

 
36.8

 
74.8

 
4.6

 
79.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per common share — Basic
 
$
0.53

 
$
0.02

 
$
0.55

 
$
1.13

 
$
0.07

 
$
1.19

Net income per common share — Diluted
 
$
0.53

 
$
0.02

 
$
0.55

 
$
1.12

 
$
0.07

 
$
1.19