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POST-RETIREMENT BENEFIT PLANS (Tables)
 12 Months Ended
Oct. 31, 2023
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, 2023ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
Active participants1,509 1,416 27 — 66 — 
Vested former employees and deferred members3,181 2,690 73 290 100 28 
Retirees and beneficiaries3,570 2,156 279 772 312 51 
October 31, 2022ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
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 
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 31,20232022
Discount rate6.05 %5.61 %
Rate of compensation increase2.96 %2.99 %
The weighted average assumptions used to determine the pension cost for the years ended October 31 were as follows:
For the year ended October 31,202320222021
Discount rate5.61 %2.55 %2.48 %
Expected Return on plan assets 4.99 %3.86 %3.87 %
Rate of compensation increase2.99 %2.96 %2.91 %
Schedule of Components Of Net Periodic Pension Cost
The components of net periodic pension cost include the following:
For the year ended October 31, 2023ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
(in millions)
Service cost$8.0 $6.5 $0.1 $0.5 $0.7 $0.2 
Interest cost35.0 26.8 1.1 4.8 2.0 0.3 
Expected return on plan assets(39.0)(30.6)— (5.8)(2.1)(0.5)
Amortization of prior service benefit(0.4)(0.3)— — (0.1)— 
Recognized net actuarial (gain) loss(2.1)(2.2)— — — 0.1 
Special Events
Settlement3.5 — — — — 3.5 
Net periodic pension cost (benefit)$5.0 $0.2 $1.2 $(0.5)$0.5 $3.6 
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)
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, 2023ConsolidatedUnited StatesGermanyUnited
Kingdom		NetherlandsOther
International
(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year$651.7 $470.3 $25.9 $95.8 $51.4 $8.3 
Service cost8.0 6.5 0.1 0.5 0.7 0.2 
Interest cost35.0 26.8 1.1 4.8 2.0 0.3 
Plan participant contributions0.2 — — — 0.2 — 
Expenses paid from assets(3.4)(1.7)— (1.0)(0.5)(0.2)
Actuarial gain(24.3)(12.8)(0.9)(8.5)(1.8)(0.3)
Foreign currency effect9.7 — 1.6 4.8 3.2 0.1 
Benefits paid(65.1)(51.6)(1.4)(6.9)(4.6)(0.6)
Settlements(7.7)— — — — (7.7)
Benefit obligation at end of year$604.1 $437.5 $26.4 $89.5 $50.6 $0.1 
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 
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, 2023
Projected benefit obligation$604.1 $437.5 $26.4 $89.5 $50.6 $0.1 
Accumulated benefit obligation589.8 424.5 25.9 89.5 49.8 0.1 
Plan assets584.0 431.6 — 99.8 49.4 3.2 
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 
Plans with ABO in excess of Plan assets     
October 31, 2023
Accumulated benefit obligation$104.4 $28.7 $25.9 $— $49.8 $— 
Plan assets49.4 — — — 49.4 — 
October 31, 2022
Accumulated benefit obligation$106.6 $30.6 $25.3 $— $50.7 $— 
Plan assets50.3 — — — 50.3 — 
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)
2024$53.6 
202550.5 
202650.6 
202751.9 
202851.3 
2029-2033253.9 
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
2024 Target
2023 Target
2023 Actual
Equity securities20 %20 %20 %
Debt securities62 %66 %61 %
Other18 %14 %19 %
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, 2023ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Change in plan assets:
Fair value of plan assets at beginning of year$624.6 $451.1 $— $111.6 $50.3 $11.6 
Actual return on plan assets(0.8)10.3 — (11.3)— 0.2 
Expenses paid(3.4)(1.7)— (1.0)(0.5)(0.2)
Plan participant contributions0.2 — — — 0.2 — 
Foreign currency impact8.7 — — 5.7 3.1 (0.1)
Employer contributions23.7 21.0 — 1.7 0.9 0.1 
Benefits paid out of plan(61.3)(49.1)— (6.9)(4.6)(0.7)
Settlements(7.7)— — — — (7.7)
Fair value of plan assets at end of year$584.0 $431.6 $— $99.8 $49.4 $3.2 
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 
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, 2023 (in millions)
Level 1Level 2Level 3Total
Asset Category
Mutual funds$35.5 $24.3 $— $59.8 
Cash11.9 — — 11.9 
Corporate bonds— 159.1 — 159.1 
Government bonds— 57.5 — 57.5 
Other assets— 4.0 — 4.0 
Total Assets in the Fair Value Hierarchy47.4 244.9 — 292.3 
Investments Measured at Net Asset Value
Insurance contracts87.9 
Common stock funds83.4 
Corporate bond funds120.4 
Investments at Fair Value$47.4 $244.9 $— $584.0 
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 
Schedule of Amounts Recognized in Consolidated Financial Statements
Financial statement presentation including other comprehensive income:
As of October 31, 2023ConsolidatedUnited StatesGermanyUnited 
Kingdom		NetherlandsOther
International
(in millions)
Unrecognized net actuarial loss (gain)$110.3 $50.7 $1.6 $53.9 $4.3 $(0.2)
Unrecognized prior service benefit(1.1)(0.2)— — (0.9)— 
Accumulated other comprehensive loss (income) - Pre-tax$109.2 $50.5 $1.6 $53.9 $3.4 $(0.2)
Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost$36.2 $22.8 $— $10.2 $— $3.2 
Accrued benefit liability(56.3)(28.7)(26.4)— (1.2)— 
Accumulated other comprehensive loss (income) - Pre-tax109.2 50.5 1.6 53.9 3.4 (0.2)
Net amount recognized$89.1 $44.6 $(24.8)$64.1 $2.2 $3.0 
As of October 31, 2022ConsolidatedUnited StatesGermanyUnited KingdomNetherlandsOther
International
(in millions)
Unrecognized net actuarial loss$93.4 $41.0 $2.3 $43.2 $3.9 $3.0 
Unrecognized prior service benefit(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 
(in millions)October 31, 2023October 31, 2022
Accumulated other comprehensive loss at beginning of year $92.0 $85.2 
Increase or (decrease) in accumulated other comprehensive loss
Net prior service benefit amortized 0.4 0.4 
Net gain (loss) amortized 2.1 (7.7)
Loss recognized due to settlement(3.5)— 
Loss recognized due to divestiture— (1.0)
Liability gain(24.3)(265.9)
Asset loss39.9 290.8 
Other adjustments— (0.5)
Increase in accumulated other comprehensive loss14.6 16.1 
Foreign currency impact2.6 (9.3)
Accumulated other comprehensive loss at year end$109.2 $92.0