Post Retirement Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Number of Participants in Defined Benefit Plans

The following table presents the number of participants in the defined benefit plans (in thousands):

October 31, 2016	Consolidated	United States	Germany	United Kingdom	Netherlands	Other International
Active participants	1,573	1,405	95	—	73	—
Vested former employees and deferred members	2,149	1,484	60	462	89	54
Retirees and beneficiaries	4,114	2,565	258	699	534	58
October 31, 2015	Consolidated	United States	Germany	United Kingdom	Netherlands	Other International
Active participants	1,869	1,509	105	133	74	48
Vested former employees	2,083	1,525	57	399	81	21
Retirees and beneficiaries	4,050	2,480	255	718	540	57

The following table presents the number of participants in the post-retirement health and life insurance benefit plan:

October 31, 2016	Consolidated	United States	South Africa
Active participants	22	12	10
Retirees and beneficiaries	704	616	88
October 31, 2015	Consolidated	United States	South Africa
Active participants	25	12	13
Retirees and beneficiaries	757	667	90

Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs

The actuarial assumptions are used to measure the year-end benefit obligations as of October 31, 2016 and the pension costs for the subsequent year were as follows:

For the year ended October 31, 2016	Consolidated		United States		Germany		United Kingdom		Netherlands		Other International
Discount rate	3.08	%	3.79	%	1.50	%	2.44	%	1.32	%	4.31	%
Expected return on plan assets	5.51	%	6.25	%	N/A		6.00	%	1.88	%	5.77	%
Rate of compensation increase	2.87	%	3.00	%	2.75	%	N/A		2.25	%	N/A
For the year ended October 31, 2015	Consolidated		United States		Germany		United Kingdom		Netherlands		Other International
Discount rate	3.71	%	4.37	%	2.10	%	3.45	%	1.98	%	4.82	%
Expected return on plan assets	5.47	%	6.25	%	N/A		6.00	%	2.06	%	5.99	%
Rate of compensation increase	3.01	%	3.00	%	2.75	%	3.50	%	2.25	%	N/A
For the year ended October 31, 2014	Consolidated		United States		Germany		United Kingdom		Netherlands		Other International
Discount rate	3.69	%	4.22	%	2.45	%	3.72	%	2.20	%	4.83	%
Expected return on plan assets	5.73	%	6.25	%	N/A		6.25	%	3.25	%	6.09	%
Rate of compensation increase	2.93	%	3.00	%	2.75	%	3.25	%	2.25	%	2.41	%

The discount rate actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:

For the year ended:	Consolidated		United States		South Africa
October 31, 2016	4.10	%	3.38	%	9.50	%
October 31, 2015	4.65	%	3.88	%	9.20	%

Components of Net Periodic Pension Cost

The components of net periodic pension cost include the following (Dollars in millions):

For the year ended October 31, 2016	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	12.4		$	10.2		$	0.5	$	0.8		$	0.7		$	0.2
Interest cost	22.0			13.7			0.8		5.7			1.4			0.4
Expected return on plan assets	(32.1		)	(19.0		)	—		(10.7		)	(1.7		)	(0.7		)
Amortization of prior service cost	(0.2		)	(0.1		)	—		—			(0.1		)	—
Recognized net actuarial loss	11.4			9.3			1.0		0.8			0.3			—
Special Events
Settlement	0.1			—			—		—			—			0.1
Net periodic pension (benefit) cost	$	13.6		$	14.1		$	2.3	$	(3.4	)	$	0.6		$	—
For the year ended October 31, 2015	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	15.5		$	11.3		$	0.5	$	1.8		$	1.4		$	0.5
Interest cost	27.6			17.3			0.9		6.5			2.4			0.5
Expected return on plan assets	(32.8		)	(18.7		)	—		(11.4		)	(1.9		)	(0.8		)
Amortization of prior service cost	0.1			0.1			—		—			—			—
Recognized net actuarial loss	14.2			10.0			0.9		2.2			0.8			0.3
Special Events
Curtailment	0.5			0.3			—		—			—			0.2
Settlement	0.1			—			—		—			—			0.1
Special/contractual termination benefit	0.1			—			—		—			—			0.1
Net periodic pension (benefit) cost	$	25.3		$	20.3		$	2.3	$	(0.9	)	$	2.7		$	0.9
For the year ended October 31, 2014	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Service cost	$	15.7		$	10.4		$	0.6	$	2.5		$	1.6		$	0.6
Interest cost	29.6			16.6			1.3		7.5			3.6			0.6
Expected return on plan assets	(33.9		)	(17.4		)	—		(12.6		)	(3.1		)	(0.8		)
Amortization of prior service cost	0.2			0.2			—		—			—			—
Recognized net actuarial loss	10.4			6.8			0.7		1.9			0.8			0.2
Net periodic pension (benefit) cost	$	22.0		$	16.6		$	2.6	$	(0.7	)	$	2.9		$	0.6

Change in Projected Benefit Obligation

The following table sets forth the plans’ change in projected benefit obligation (Dollars in millions):

For the year ended October 31, 2016	Consolidated			United States			Germany			United Kingdom			Netherlands			Other International
Change in benefit obligation:
Benefit obligation at beginning of year	$	765.8		$	432.1		$	38.7		$	184.0		$	100.8		$	10.2
Service cost	12.4			10.2			0.5			0.8			0.7			0.2
Interest cost	22.0			13.7			0.8			5.7			1.4			0.4
Plan participant contributions	0.2			—			—			—			0.2			—
Expenses paid from assets	(4.0		)	(3.3		)	—			(0.7		)	0.2			(0.2		)
Plan Amendments	0.5			0.5			—			—			—			—
Actuarial (gain) loss	70.1			39.1			3.6			33.4			(7.1		)	1.1
Foreign currency effect	(43.4		)	—			(0.6		)	(41.5		)	(1.2		)	(0.1		)
Benefits paid	(39.8		)	(22.1		)	(1.2		)	(10.3		)	(4.9		)	(1.3		)
Benefit obligation at end of year	$	783.8		$	470.2		$	41.8		$	171.4		$	90.1		$	10.3
For the year ended October 31, 2015	Consolidated			United States			Germany			United Kingdom			Netherlands			Other International
Change in benefit obligation:
Benefit obligation at beginning of year	$	786.9		$	419.6		$	41.9		$	186.9		$	123.6		$	14.9
Service cost	15.5			11.3			0.5			1.8			1.4			0.5
Interest cost	27.6			17.3			0.9			6.5			2.4			0.5
Plan participant contributions	0.2			—			—			—			0.2			—
Expenses paid from assets	(2.7		)	(2.1		)	—			(0.7		)	0.2			(0.1		)
Plan Amendments	(3.3		)	(2.3		)	—			—			(1.0		)	—
Actuarial (gain) loss	15.7			9.1			2.2			9.0			(4.6		)	—
Foreign currency effect	(33.7		)	—			(5.6		)	(9.7		)	(16.2		)	(2.2		)
Benefits paid	(33.0		)	(18.4		)	(1.2		)	(7.3		)	(5.2		)	(0.9		)
Curtailments	(7.2		)	(2.1		)	—			(2.5		)	—			(2.6		)
Other	(0.2		)	(0.3		)	—			—			—			0.1
Benefit obligation at end of year	$	765.8		$	432.1		$	38.7		$	184.0		$	100.8		$	10.2

Benefit Obligations in Excess of Plan Assets

The following tables set forth the PBO, ABO, plan assets and instances where the ABO exceeds the plan assets for the respective years (Dollars in millions):

Actuarial value of benefit obligations	Consolidated		United States		Germany		United Kingdom		Netherlands		Other International
October 31, 2016
Projected benefit obligation	$	783.8	$	470.2	$	41.8	$	171.4	$	90.1	$	10.3
Accumulated benefit obligation	752.9		443.4		39.1		171.4		88.7		10.3
Plan assets	626.3		332.5		—		185.1		96.1		12.6
October 31, 2015
Projected benefit obligation	$	765.8	$	432.1	$	38.7	$	184.0	$	100.8	$	10.2
Accumulated benefit obligation	739.9		409.8		35.9		184.0		100.0		10.2
Plan assets	624.7		311.1		—		208.4		92.7		12.5
Plans with ABO in excess of Plan assets
October 31, 2016
Accumulated benefit obligation	$	492.7	$	443.4	$	39.1	$	—	$	—	$	10.2
Plan assets	342.5		332.5		—		—		—		10.0
October 31, 2015
Accumulated benefit obligation	$	546.5	$	409.8	$	35.9	$	—	$	100.0	$	0.8
Plan assets	404.4		311.1		—		—		92.7		0.6

Future Benefit Payments Next Five Years and Thereafter

Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are expected to be as follows (Dollars in millions):

Year	Expected benefit payments
2017	$	1.3
2018	1.3
2019	1.2
2020	1.1
2021	1.1
2022-2026	4.7

Future benefit payments for the Company's global plans, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):

Year	Expected benefit payments
2017	$	42.2
2018	42.3
2019	43.9
2020	44.5
2021	44.4
2022-2026	242.7

Weighted Average Asset Allocations at Measurement Date and Target Asset Allocations

The Company’s weighted average asset allocations at the measurement date and the target asset allocations by category are as follows:

Asset Category	2016 Target		2016 Actual		2015 Target		2015 Actual
Equity securities	25	%	29	%	23	%	28	%
Debt securities	49	%	40	%	51	%	40	%
Other	26	%	31	%	26	%	32	%
Total	100	%	100	%	100	%	100	%

Fair Value Measurements for Pension Assets

The following table presents the fair value measurements for the pension assets:

As of October 31, 2016 (Dollars in millions)
Asset Category	Fair Value Measurement
	Level 1		Level 2		Level 3		Total
Mutual funds	$	104.9	$	152.3	$	—	$	257.2
Common stock	39.7		—		—		39.7
Cash	18.6		—		—		18.6
Common collective trusts	—		136.7		—		136.7
Corporate bonds	—		29.7		—		29.7
Government bonds	—		16.5		—		16.5
Insurance annuity	—		—		125.4		125.4
Other assets	—		2.5		—		2.5
Total	$	163.2	$	337.7	$	125.4	$	626.3
As of October 31, 2015 (Dollars in millions)
Asset Category	Fair Value Measurement
	Level 1		Level 2		Level 3		Total
Mutual funds	$	124.4	$	161.2	$	—	$	285.6
Common stock	26.7		—		—		26.7
Cash	20.0		—		—		20.0
Money market fund	0.6		—		—		0.6
Common collective trusts	—		128.3		—		128.3
Corporate bonds	—		19.7		—		19.7
Government bonds	—		10.0		—		10.0
Insurance annuity	—		—		130.2		130.2
Other assets	—		3.6		—		3.6
Total	$	171.7	$	322.8	$	130.2	$	624.7

The fair value of the pension plans’ investments is presented below. The inputs and valuation techniques used to measure the fair value of the assets are consistently applied and described in Note 10.

For the year ended October 31, 2016	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Change in plan assets:
Fair value of plan assets at beginning of year	$	624.7		$	311.1		$	—	$	208.4		$	92.7		$	12.5
Actual return on plan assets	71.6			29.8			—		31.5			9.3			1.0
Expenses paid	(4.0		)	(3.3		)	—		(0.7		)	0.2			(0.2		)
Plan participant contributions	0.2			—			—		—			0.2			—
Foreign currency impact	(47.1		)	—			—		(45.6		)	(1.4		)	(0.1		)
Employer contributions	17.3			14.9			—		1.8			—			0.6
Benefits paid out of plan	(36.4		)	(20.0		)	—		(10.3		)	(4.9		)	(1.2		)
Fair value of plan assets at end of year	$	626.3		$	332.5		$	—	$	185.1		$	96.1		$	12.6
For the year ended October 31, 2015	Consolidated			United States			Germany		United Kingdom			Netherlands			Other International
Change in plan assets:
Fair value of plan assets at beginning of year	$	650.8		$	325.6		$	—	$	202.7		$	107.8		$	14.7
Actual return on plan assets	25.4			(0.9		)	—		21.8			3.9			0.6
Expenses paid	(2.7		)	(2.1		)	—		(0.7		)	0.2			(0.1		)
Plan participant contributions	0.2			—			—		—			0.2			—
Foreign currency impact	(27.3		)	—			—		(10.6		)	(14.2		)	(2.5		)
Employer contributions	8.2			5.0			—		2.5			—			0.7
Benefits paid	(29.9		)	(16.5		)	—		(7.3		)	(5.2		)	(0.9		)
Fair value of plan assets at end of year	$	624.7		$	311.1		$	—	$	208.4		$	92.7		$	12.5

Reconciliation of Beginning and Ending Balances of Fair Value Measurements Using Significant Unobservable Inputs

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3). There have been no transfers in or out of level 3:

	Pension Plan
(Dollars in millions)	October 31, 2016			October 31, 2015
Balance at beginning of year	$	130.2		$	151.1
Actual return on plan assets held at reporting date:
Assets still held at reporting date	10.6			7.1
Plan participant contributions	—			—
Net purchases (settlements)	(6.1		)	—
Transfers	—			(3.4		)
Currency impact	(9.3		)	(24.6		)
Balance at end of year	$	125.4		$	130.2

Amounts Recognized in Consolidated Financial Statements

Financial statement presentation including other comprehensive income:

As of October 31, 2016	Consolidated			United States			Germany			United Kingdom		Netherlands			Other International
Unrecognized net actuarial loss	$	202.5		$	145.4		$	18.4		$	36.4	$	(0.1	)	$	2.4
Unrecognized prior service cost	(2.7		)	(1.2		)	—			—		(1.5		)	—
Unrecognized initial net obligation	—			—			—			—		—			—
Accumulated other comprehensive loss (Pre-tax)	$	199.8		$	144.2		$	18.4		$	36.4	$	(1.6	)	$	2.4
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	22.2		$	—		$	—		$	13.7	$	6.0		$	2.5
Accrued benefit liability	(179.7		)	(137.7		)	(41.8		)	—		—			(0.2		)
Accumulated other comprehensive loss	199.8			144.2			18.4			36.4		(1.6		)	2.4
Net amount recognized	$	42.3		$	6.5		$	(23.4	)	$	50.1	$	4.4		$	4.7
As of October 31, 2015	Consolidated			USA			Germany			United Kingdom		Netherlands			Other International
Unrecognized net actuarial loss	$	192.1		$	126.6		$	15.9		$	32.9	$	14.9		$	1.8
Unrecognized prior service cost	(3.5		)	(1.8		)	—			—		(1.7		)	—
Unrecognized initial net obligation	—			—			—			—		—			—
Accumulated other comprehensive loss (Pre-tax)	$	188.6		$	124.8		$	15.9		$	32.9	$	13.2		$	1.8
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	26.7		$	—		$	—		$	24.4	$	—		$	2.3
Accrued benefit liability	(167.8		)	(121.0		)	(38.6		)	—		(8.2		)	—
Accumulated other comprehensive loss	188.6			124.8			15.9			32.9		13.2			1.8
Net amount recognized	$	47.5		$	3.8		$	(22.7	)	$	57.3	$	5.0		$	4.1

	October 31, 2016			October 31, 2015
Accumulated other comprehensive loss at beginning of year	$	188.6		$	198.8
Increase or (decrease) in accumulated other comprehensive (income) or loss
Net transition obligation amortized during fiscal year	—			(0.1		)
Net prior service costs amortized during fiscal year	0.2			(0.1		)
Net loss amortized during fiscal year	(11.4		)	(14.2		)
Prior service cost recognized during fiscal year due to curtailment	—			(0.3		)
Transition obligation recognized during fiscal year due to curtailment	—			(0.2		)
Loss recognized during fiscal year due to settlement	(0.1		)	(0.1		)
Prior service credit occurring during fiscal year	0.5			(3.2		)
Liability loss occurring during fiscal year	69.8			8.4
Asset loss (gain) occurring during fiscal year	(39.4		)	7.5
Increase (decrease) in accumulated other comprehensive loss	$	19.6		$	(2.3	)
Foreign currency impact	(8.4		)	(7.9		)
Accumulated other comprehensive loss at current fiscal year end	$	199.8		$	188.6

Components of Net Periodic Cost for Postretirement Benefits

The components of net periodic cost for the postretirement benefits include the following (Dollars in millions):

For the years ended October 31,	2016			2015			2014
Service cost	$	—		$	—		$	—
Interest cost	0.5			0.7			0.8
Amortization of prior service cost (benefit)	(1.5		)	(1.5		)	(1.6		)
Recognized net actuarial gain	(0.1		)	(0.1		)	—
Net periodic income	$	(1.1	)	$	(0.9	)	$	(0.8	)

Schedule of Plan's Change in Benefit Obligation

The following table sets forth the plans’ change in benefit obligation (Dollars in millions):

	October 31, 2016			October 31, 2015
Benefit obligation at beginning of year	$	14.9		$	17.3
Service cost	—			—
Interest cost	0.5			0.7
Actuarial loss	(0.6		)	(1.0		)
Foreign currency effect	(0.1		)	(0.6		)
Benefits paid	(1.1		)	(1.5		)
Benefit obligation at end of year	$	13.6		$	14.9

Schedule of Other Comprehensive Income Included in Financial Statement

Financial statement presentation included other comprehensive income (Dollars in millions):

	October 31, 2016			October 31, 2015
Unrecognized net actuarial gain	$	(2.2	)	$	1.6
Unrecognized prior service credit	(4.3		)	5.8
Accumulated other comprehensive income	$	(6.5	)	$	7.4

Summary of Healthcare Cost Trend Rates on Gross Eligible Charges

The healthcare cost trend rates on gross eligible charges are as follows:

	Medical
Current trend rate	7.2	%
Ultimate trend rate	5.0	%
Year ultimate trend rate reached (South Africa)	2018
Year ultimate trend rate reached (US)	2026

Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates

A one-percentage point change in assumed health care cost trend rates would have the following effects (Dollars in thousands):

	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost components	$	27	$	(23	)
Effect on postretirement benefit obligation	$	304	$	(261	)