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Stock Plans (Tables)
12 Months Ended
Oct. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense and Related Income Tax Benefit for Share-Based Awards
The compensation cost and related tax benefit recognized in the Company's consolidated financial statements for share-based awards were as follows:
October 31,
 
 
 
(In millions)
2012
 
2011
 
2010
Selling, general and administrative expense
$
19.2

 
$
12.4

 
$
8.6

Cost of sales
1.3

 
0.8

 
0.6

Research and development expense
1.0

 
0.7

 
0.4

Capitalized in inventory
1.3

 
0.8

 
0.6

Total compensation expense
$
22.8

 
$
14.7

 
$
10.2

Related income tax benefit
$
7.0

 
$
4.4

 
$
3.2

Schedule of Assumptions Used in Estimating Fair Value of Stock Options Award Granted
The dividend yield is based on the projected annual dividend payment per share, divided by the stock price at the date of grant.

Years Ended October 31,
2012
 
2011
 
2010
Expected life
4.3 - 5.7 years

  
4.5 - 5.7 years

  
5.3 years

Expected volatility
39.5% - 43.8%

  
40.2% - 41.3%

  
41.0
%
Risk-free interest rate
0.69% - 1.08%

  
1.01% - 1.41%

  
2.26% - 2.43%

Dividend yield
0.09
%
  
0.12
%
  
0.21
%
Schedule of Stock Option Plans
The status of the Company's stock option plans at October 31, 2012, is summarized below:
 
Number of
Shares
 
Weighted-
Average
Exercise Price
Per Share
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic Value
Outstanding at October 31, 2011
3,512,442

 
$
43.96

  
 
 
 
Granted
215,477

 
$
67.45

  
 
 
 
Exercised
(1,394,229
)
 
$
45.05

  
 
 
 
Forfeited or expired
(39,982
)
 
$
42.19

  
 
 
 
Outstanding at October 31, 2012
2,293,708

 
$
45.26

  
5.18
 
 
Vested and exercisable at October 31, 2012
1,541,142

 
$
47.49

  
4.03
 
$
74,558,139

Schedule of Non-Vested RSUs
 
The status of the Company's non-vested RSUs at October 31, 2012, is summarized below:
 
Number of
Shares
 
Weighted-
Average
Grant Date Fair
Value Per Share
Non-vested RSUs at October 31, 2011
575,558

 
$
44.77

Granted
314,747

 
$
66.36

Vested and issued
(222,477
)
 
$
40.69

Forfeited or expired
(14,709
)
 
$
49.59

Non-vested RSUs at October 31, 2012
653,119

 
$
56.45