POST-RETIREMENT BENEFIT PLANS (Tables)

11 Months Ended

Sep. 30, 2025

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:

September 30, 2025	Consolidated	United States	International
Active participants	922	842	80
Vested former employees and deferred members	3,274	2,809	465
Retirees and beneficiaries	3,657	2,351	1,306
October 31, 2024	Consolidated	United States	International
Active participants	1,323	1,239	84
Vested former employees and deferred members	3,129	2,672	457
Retirees and beneficiaries	3,446	2,240	1,206

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 September 30 and October 31 were as follows:

	September 30,		October 31,
	2025		2024
Discount rate	5.12	%	5.11	%
Rate of compensation increase	2.96	%	2.96	%

The weighted average assumptions used to determine the pension cost for the years ended September 30 and October 31 were as follows:

	11 Months		12 Months		12 Months
	September 30,		October 31,		October 31,
Year Ended	2025		2024		2023
Discount rate	5.11	%	6.05	%	5.61	%
Expected return on plan assets	5.58	%	5.84	%	4.99	%
Rate of compensation increase	2.96	%	2.96	%	2.99	%

Schedule of Components Of Net Periodic Pension Cost

The components of net periodic pension cost include the following:

For the year ended September 30, 2025 (11-month)
(in millions)	Consolidated		United States		International
Service cost	$	5.0	$	3.8	$	1.2
Interest cost	28.4		21.8		6.6
Expected return on plan assets	(35.1)		(27.1)		(8.0)
Amortization of prior service benefit	(0.1)		—		(0.1)
Recognized net actuarial loss	0.5		—		0.5
Net periodic pension (income) cost	$	(1.3)	$	(1.5)	$	0.2
For the year ended October 31, 2024
(in millions)	Consolidated		United States		International
Service cost	$	5.7	$	4.2	$	1.5
Interest cost	34.9		26.7		8.2
Expected return on plan assets	(43.5)		(33.4)		(10.1)
Amortization of prior service benefit	(0.3)		(0.2)		(0.1)
Recognized net actuarial gain	(0.9)		(0.9)		—
Net periodic pension (income) cost	$	(4.1)	$	(3.6)	$	(0.5)
For the year ended October 31, 2023
(in millions)	Consolidated		United States		International
Service cost	$	6.8	$	5.3	$	1.5
Interest cost	35.0		26.8		8.2
Expected return on plan assets	(39.0)		(30.6)		(8.4)
Amortization of prior service benefit	(0.4)		(0.3)		(0.1)
Recognized net actuarial (gain) loss	(2.1)		(2.2)		0.1
Special Events
Settlement	3.5		—		3.5
Net periodic pension (income) cost	$	3.8	$	(1.0)	$	4.8

Schedule of Change in Projected Benefit Obligation

The following table sets forth the plans’ change in projected benefit obligation:

For the year ended September 30, 2025 (11-month)
(in millions)	Consolidated		United States		International
Change in benefit obligation:
Benefit obligation at beginning of year	$	654.1	$	469.9	$	184.2
Service cost	5.0		3.8		1.2
Interest cost	28.4		21.8		6.6
Plan participant contributions	0.2		—		0.2
Expenses paid from assets	(2.9)		(1.9)		(1.0)
Actuarial (gain) loss	(0.6)		10.2		(10.8)
Foreign currency impact	9.1		—		9.1
Benefits paid	(48.8)		(38.4)		(10.4)
Curtailments	(11.2)		(11.2)		—
Discontinued operations	1.1		1.1		—
Benefit obligation at end of year	$	634.4	$	455.3	$	179.1
For the year ended October 31, 2024
(in millions)	Consolidated		United States		International
Change in benefit obligation:
Benefit obligation at beginning of year	$	604.1	$	437.5	$	166.6
Service cost	5.7		4.2		1.5
Interest cost	34.9		26.7		8.2
Plan participant contributions	0.2		—		0.2
Expenses paid from assets	(3.2)		(1.5)		(1.7)
Actuarial loss	52.8		40.8		12.0
Foreign currency impact	8.5		—		8.5
Benefits paid	(49.9)		(38.9)		(11.0)
Discontinued operations	1.1		1.1		—
Other	(0.1)		—		(0.1)
Benefit obligation at end of year	$	654.1	$	469.9	$	184.2

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)	Consolidated		United States		International
Actuarial value of benefit obligations and plan assets
September 30, 2025
Projected benefit obligation	$	634.4	$	455.3	$	179.1
Accumulated benefit obligation	632.0		454.0		178.0
Plan assets	639.3		486.4		152.9
October 31, 2024
Projected benefit obligation	$	654.1	$	469.9	$	184.2
Accumulated benefit obligation	640.1		457.4		182.7
Plan assets	640.9		482.8		158.1
Plans with ABO in excess of Plan assets
September 30, 2025
Accumulated benefit obligation	$	110.8	$	28.5	$	82.3
Plan assets	52.8		—		52.8
October 31, 2024
Accumulated benefit obligation	$	109.4	$	28.8	$	80.6
Plan assets	51.7		—		51.7

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)
2026	$	73.1
2027	63.7
2028	56.2
2029	54.6
2030	51.9
2031-2035	228.5

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	2026 Target		2025 Target		2025 Actual
Equity securities	18	%	20	%	18	%
Debt securities	56	%	53	%	57	%
Other	26	%	27	%	25	%
Total	100	%	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 September 30, 2025 (11-month)
(in millions)	Consolidated		United States		International
Change in plan assets:
Fair value of plan assets at beginning of year	$	640.9	$	482.8	$	158.1
Actual return on plan assets	38.1		41.6		(3.5)
Expenses paid	(2.9)		(1.9)		(1.0)
Plan participant contributions	0.2		—		0.2
Foreign currency impact	7.0		—		7.0
Employer contributions	1.0		—		1.0
Benefits paid out of plan	(45.0)		(36.1)		(8.9)
Fair value of plan assets at end of year	$	639.3	$	486.4	$	152.9
For the year ended October 31, 2024
(in millions)	Consolidated		United States		International
Change in plan assets:
Fair value of plan assets at beginning of year	$	584.0	$	431.6	$	152.4
Actual return on plan assets	96.9		88.5		8.4
Expenses paid	(3.2)		(1.5)		(1.7)
Plan participant contributions	0.2		—		0.2
Foreign currency impact	8.7		—		8.7
Employer contributions	3.4		—		3.4
Benefits paid out of plan	(45.3)		(35.8)		(9.5)
Other	(3.8)		—		(3.8)
Fair value of plan assets at end of year	$	640.9	$	482.8	$	158.1

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 September 30, 2025 (in millions)	Level 1		Level 2		Level 3		Total
Asset Category
Mutual funds	$	34.4	$	0.1	$	—	$	34.5
Cash	4.7		—		—		4.7
Corporate bonds	—		174.0		—		174.0
Government bonds	—		103.1		—		103.1
Other assets	—		4.8		—		4.8
Total Assets in the Fair Value Hierarchy	39.1		282.0		—		321.1
Investments Measured at Net Asset Value
Insurance contracts							148.3
Common stock funds							81.7
Corporate bond funds							123.7
Investments at Fair Value*	$	39.1	$	282.0	$	—	$	674.8
	Fair Value Measurement
As of October 31, 2024 (in millions)	Level 1		Level 2		Level 3		Total
Asset Category
Mutual funds	$	40.0	$	0.1	$	—	$	40.1
Cash	6.9		—		—		6.9
Corporate bonds	—		164.5		—		164.5
Government bonds	—		80.1		—		80.1
Other assets	—		4.2		—		4.2
Total Assets in the Fair Value Hierarchy	46.9		248.9		—		295.8
Investments Measured at Net Asset Value
Insurance contracts							153.6
Common stock funds							97.1
Corporate bond funds							116.9
Investments at Fair Value*	$	46.9	$	248.9	$	—	$	663.4

* Excludes net payables of $35.5 million and $22.5 million as of September 30, 2025 and October 31, 2024, which consists of interest and pending sales and purchases of securities.

Schedule of Amounts Recognized in Consolidated Financial Statements

Financial statement presentation including other comprehensive income:

As of September 30, 2025
(in millions)	Consolidated		United States		International
Unrecognized net actuarial loss	$	102.3	$	21.8	$	80.5
Unrecognized prior service benefit	(0.7)		—		(0.7)
Accumulated other comprehensive loss - pre-tax	$	101.6	$	21.8	$	79.8
Amounts recognized in the consolidated balance sheets consist of:
Prepaid benefit cost	$	64.1	$	59.6	$	4.5
Accrued benefit liability	(59.2)		(28.5)		(30.7)
Accumulated other comprehensive loss - pre-tax	101.6		21.8		79.8
Net amount recognized	$	106.5	$	52.9	$	53.6
As of October 31, 2024
(in millions)	Consolidated		United States		International
Unrecognized net actuarial loss	$	115.1	$	37.4	$	77.7
Unrecognized prior service benefit	(0.8)		—		(0.8)
Accumulated other comprehensive loss - pre-tax	$	114.3	$	37.4	$	76.9
Amounts recognized in the consolidated balance sheets consist of:
Prepaid benefit cost	$	46.0	$	41.7	$	4.3
Accrued benefit liability	(59.2)		(28.8)		(30.4)
Accumulated other comprehensive loss - pre-tax	114.3		37.4		76.9
Net amount recognized	$	101.1	$	50.3	$	50.8

	11 Months		12 Months
(in millions)	September 30, 2025		October 31, 2024
Accumulated other comprehensive loss at beginning of year	$	114.3	$	109.2
Increase or (decrease) in accumulated other comprehensive loss
Net prior service cost amortized	0.1		0.3
Net (gain) loss amortized	(0.5)		0.9
Liability (gain) loss	(11.8)		52.8
Asset gain	(3.1)		(53.5)
Other adjustments	—		0.3
(Decrease) increase in accumulated other comprehensive loss	(15.3)		0.8
Foreign currency impact	2.6		4.3
Accumulated other comprehensive loss at year end	$	101.6	$	114.3