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POST-RETIREMENT BENEFIT PLANS (Tables)
 12 Months Ended
Oct. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Number of Participants in Defined Benefit Plans
The following table presents the number of participants in the defined benefit plans:
October 31, 2022ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
Active participants1,659 1,579 29 — 51 — 
Vested former employees and deferred members3,348 2,764 75 366 115 28 
Retirees and beneficiaries3,426 2,102 281 662 330 51 
October 31, 2021ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
Active participants3,603 1,733 30 — 60 1,780 
Vested former employees and deferred members3,468 2,881 79 366 107 35 
Retirees and beneficiaries3,306 1,962 276 662 354 52 
Schedule of Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs
The weighted average assumptions used to measure the year-end benefit obligations as of October 31 were as follows:
As of October 31,20222021
Discount rate5.61 %2.55 %
Rate of compensation increase2.99 %2.96 %
The weighted average assumptions used to determine the pension cost for the years ended October 31 were as follows:
For the year ended October 31,202220212020
Discount rate2.55 %2.48 %2.74 %
Expected Return on plan assets 3.86 %3.87 %4.64 %
Rate of compensation increase2.96 %2.91 %2.85 %
Schedule of Components Of Net Periodic Pension Cost
The components of net periodic pension cost include the following:
For the year ended October 31, 2022ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
(in millions)
Service cost$11.5 $10.0 $0.2 $0.5 $0.5 $0.3 
Interest cost19.9 16.1 0.3 2.6 0.5 0.4 
Expected return on plan assets(32.5)(27.0)— (3.9)(0.8)(0.8)
Amortization of prior service benefit(0.4)(0.3)— — (0.1)— 
Recognized net actuarial loss7.7 6.0 0.9 0.6 — 0.2 
Special Events
Divestiture Charge1.0 — — — — 1.0 
Net periodic pension cost (benefit)$7.2 $4.8 $1.4 $(0.2)$0.1 $1.1 
For the year ended October 31, 2021ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Service cost$12.1 $10.7 $0.3 $0.5 $0.5 $0.1 
Interest cost18.8 15.4 0.3 2.5 0.4 0.2 
Expected return on plan assets(31.8)(25.8)— (4.6)(0.7)(0.7)
Amortization of prior service benefit(0.3)(0.1)— — (0.2)— 
Recognized net actuarial loss12.6 10.1 1.3 1.1 — 0.1 
Special Events
Settlement9.1 8.8 — 0.3 — — 
Net periodic pension cost (benefit)$20.5 $19.1 $1.9 $(0.2)$— $(0.3)
For the year ended October 31, 2020ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Service cost$12.8 $11.5 $0.4 $0.5 $0.3 $0.1 
Interest cost25.9 22.4 0.2 2.7 0.3 0.3 
Expected return on plan assets(37.9)(31.4)— (5.2)(0.7)(0.6)
Amortization of prior service (benefit) cost(0.1)(0.1)— 0.1 (0.1)— 
Recognized net actuarial loss13.2 10.2 1.8 1.1 — 0.1 
Special Events
Settlement0.3 (0.1)— 0.4 — — 
Net periodic pension cost (benefit)$14.2 $12.5 $2.4 $(0.4)$(0.2)$(0.1)
Schedule of Change in Projected Benefit Obligation
The following table sets forth the plans’ change in projected benefit obligation:
For the year ended October 31, 2022ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year$989.2 $679.6 $39.3 $174.1 $82.5 $13.7 
Service cost11.5 10.0 0.2 0.5 0.5 0.3 
Interest cost19.9 16.1 0.3 2.6 0.5 0.4 
Plan participant contributions0.2 — — — 0.2 — 
Expenses paid from assets(2.8)(1.9)— (0.8)— (0.1)
Actuarial gain(265.9)(188.9)(7.6)(51.2)(17.6)(0.6)
Foreign currency effect(40.3)— (5.0)(23.0)(10.2)(2.1)
Benefits paid(57.7)(44.6)(1.3)(6.4)(4.5)(0.9)
Divestiture(2.4)— — — — (2.4)
Benefit obligation at end of year$651.7 $470.3 $25.9 $95.8 $51.4 $8.3 
For the year ended October 31, 2021ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year$1,110.3 $782.0 $42.1 $184.6 $90.9 $10.7 
Service cost12.1 10.7 0.3 0.5 0.5 0.1 
Interest cost18.8 15.4 0.3 2.5 0.4 0.2 
Plan participant contributions0.2 — — — 0.2 — 
Expenses paid from assets(3.1)(2.3)— (0.9)0.2 (0.1)
Actuarial loss (gain)0.3 17.1 (1.5)(11.1)(3.8)(0.4)
Foreign currency effect9.8 — (0.4)10.9 (0.9)0.2 
Benefits paid(159.9)(143.3)(1.5)(9.0)(5.0)(1.1)
Other0.7 — — (3.4)— 4.1 
Benefit obligation at end of year$989.2 $679.6 $39.3 $174.1 $82.5 $13.7 
Schedule of 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:
(in millions)ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
Actuarial value of benefit obligations and plan assets
October 31, 2022
Projected benefit obligation$651.7 $470.3 $25.9 $95.8 $51.4 $8.3 
Accumulated benefit obligation636.2 456.1 25.3 95.8 50.7 8.3 
Plan assets624.6 451.1 — 111.6 50.3 11.6 
October 31, 2021
Projected benefit obligation$989.2 $679.6 $39.3 $174.1 $82.5 $13.7 
Accumulated benefit obligation961.0 655.4 38.2 174.1 81.2 12.1 
Plan assets950.8 646.4 — 205.4 84.5 14.5 
Plans with ABO in excess of Plan assets     
October 31, 2022
Accumulated benefit obligation$106.6 $30.6 $25.3 $— $50.7 
Plan assets50.3 — — — 50.3 — 
October 31, 2021
Accumulated benefit obligation$75.1 $35.3 $38.2 $— $— $1.6 
Plan assets— — — — — — 
Schedule of Future Benefit Payments Next Five Years and Thereafter
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:
(in millions)Expected
Benefit
Payments
Year(s)
2023$54.8 
202454.8 
202551.7 
202652.1 
202753.3 
2028-2032262.1 
Schedule of 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
2023 Target
2022 Target
2022 Actual
Equity securities20 %20 %22 %
Debt securities66 %66 %63 %
Other14 %14 %15 %
Total100 %100 %100 %
Schedule of Fair Value of the Pension Plans Investments
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 6 of the Notes to the Consolidated Financial Statements. 
For the year ended October 31, 2022ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Change in plan assets:
Fair value of plan assets at beginning of year$950.8 $646.4 $— $205.4 $84.5 $14.5 
Actual return on plan assets(258.4)(179.0)— (62.1)(16.6)(0.7)
Expenses paid(2.8)(1.9)— (0.8)— (0.1)
Plan participant contributions0.2 — — — 0.2 — 
Foreign currency impact(38.8)— — (27.0)(10.3)(1.5)
Employer contributions27.6 28.0 — 2.5 (3.0)0.1 
Benefits paid out of plan(54.0)(42.4)— (6.4)(4.5)(0.7)
Fair value of plan assets at end of year$624.6 $451.1 $— $111.6 $50.3 $11.6 
For the year ended October 31, 2021ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Change in plan assets:
Fair value of plan assets at beginning of year$1,002.1 $687.0 $— $210.0 $92.0 $13.1 
Actual return on plan assets77.1 88.4 — (9.8)(3.1)1.6 
Expenses paid(3.1)(2.3)— (0.9)0.2 (0.1)
Plan participant contributions0.2 — — — 0.2 — 
Foreign currency impact12.5 — — 12.4 (0.9)1.0 
Employer contributions17.8 14.0 — 2.7 1.1 — 
Benefits paid out of plan(155.8)(140.7)— (9.0)(5.0)(1.1)
Fair value of plan assets at end of year$950.8 $646.4 $— $205.4 $84.5 $14.5 
Schedule of Fair Value Measurements for Pension Assets
The following table presents the fair value measurements for the pension assets:
Fair Value Measurement
As of October 31, 2022 (in millions)
Level 1Level 2Level 3Total
Asset Category
Mutual funds$62.9 $58.0 $— $120.9 
Cash16.0 — — 16.0 
Corporate bonds— 160.5 — 160.5 
Government bonds— 51.6 — 51.6 
Other assets— 2.0 — 2.0 
Total Assets in the Fair Value Hierarchy78.9 272.1 — 351.0 
Investments Measured at Net Asset Value
Insurance contracts72.9 
Common stock funds77.3 
Corporate bond funds123.4 
Investments at Fair Value$78.9 $272.1 $— $624.6 
Fair Value Measurement
As of October 31, 2021 (in millions)
Level 1Level 2Level 3Total
Asset Category
Mutual funds$87.4 $128.5 $— $215.9 
Common stock6.6 — — 6.6 
Cash15.7 — — 15.7 
Corporate bonds— 228.5 — 228.5 
Government bonds— 44.5 — 44.5 
Other assets— 1.0 — 1.0 
Total Assets in the Fair Value Hierarchy109.7 402.5 — 512.2 
Investments Measured at Net Asset Value
Insurance contracts122.9 
Common stock funds94.2 
Corporate bond funds209.2 
Government bond funds12.3 
Investments at Fair Value$109.7 $402.5 $— $950.8 
Schedule of Amounts Recognized in Consolidated Financial Statements
Financial statement presentation including other comprehensive income:
As of October 31, 2022ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Unrecognized net actuarial loss$93.4 $41.0 $2.3 $43.2 $3.9 $3.0 
Unrecognized prior service credit(1.4)(0.4)— — (1.0)— 
Accumulated other comprehensive loss - Pre-tax$92.0 $40.6 $2.3 $43.2 $2.9 $3.0 
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost$30.8 $11.7 $— $15.8 $— $3.3 
Accrued benefit liability(58.0)(30.8)(25.9)— (1.3)— 
Accumulated other comprehensive loss - Pre-tax92.0 40.6 2.3 43.2 2.9 3.0 
Net amount recognized$64.8 $21.5 $(23.6)$59.0 $1.6 $6.3 
As of October 31, 2021ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
(in millions)
Unrecognized net actuarial loss$87.2 $29.9 $11.9 $36.2 $4.4 $4.8 
Unrecognized prior service cost (credit)(2.0)(0.7)— — (1.3)— 
Accumulated other comprehensive loss - Pre-tax$85.2 $29.2 $11.9 $36.2 $3.1 $4.8 
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost$39.9 $2.7 $— $31.1 $2.0 $4.1 
Accrued benefit liability(78.3)(35.5)(39.3)— — (3.5)
Accumulated other comprehensive loss - Pre-tax85.2 29.2 11.9 36.2 3.1 4.8 
Net amount recognized$46.8 $(3.6)$(27.4)$67.3 $5.1 $5.4 
(in millions)October 31, 2022October 31, 2021
Accumulated other comprehensive loss at beginning of year $85.2 $150.6 
Increase or (decrease) in accumulated other comprehensive loss
Net prior service benefit amortized 0.4 0.3 
Net loss amortized (7.7)(12.6)
Loss recognized due to settlement— (9.1)
Loss recognized due to divestiture(1.0)— 
Liability loss (265.9)0.3 
Asset loss (gain)290.8 (45.3)
Other adjustments(0.5)(0.9)
Increase (decrease) in accumulated other comprehensive loss16.1 (67.3)
Foreign currency impact(9.3)1.9 
Accumulated other comprehensive loss at year end$92.0 $85.2