Restructuring Charges

12 Months Ended

Oct. 31, 2023

Payables and Accruals [Abstract]

Restructuring Charges

Restructuring Charges

In the first quarter of fiscal 2023, we initiated a restructuring plan for involuntary employee terminations as part of a business reorganization (the 2023 Plan). The 2023 Plan was substantially completed in the third quarter of fiscal 2023 and total charges under the 2023 Plan were $77.0 million consisting primarily of severance costs and facility exit costs.

During fiscal 2023, we made payments of $68.3 million under the 2023 Plan. As of October 31, 2023, the payroll and related benefits liabilities of $4.2 million were recorded in accounts payable and accrued liabilities, and the remaining outstanding restructuring related liabilities of $4.5 million were recorded in other long-term liabilities in the consolidated balance sheets.

During fiscal 2022, we recorded restructuring charges of $12.1 million and made payments of $26.3 million under the 2021 restructuring plan (the 2021 Plan) initiated in the third quarter of fiscal 2021.There was no outstanding balance under the 2021 Plan as of October 31, 2022.

During fiscal 2021, we recorded restructuring charges of $33.4 million and made payments of $19.2 million under the 2021 Plan. As of October 31, 2021, $14.2 million of payroll and related benefits liabilities remained outstanding and was recorded in accounts payable and accrued liabilities in the consolidated balance sheets.