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Stock Plans (Tables)
12 Months Ended
Oct. 31, 2014
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 our consolidated financial statements for share-based awards were as follows:
October 31,
 
 
 
(In millions)
2014
 
2013
 
2012
Selling, general and administrative expense
$
32.4

 
$
25.3

 
$
19.2

Cost of sales
2.2

 
1.9

 
1.3

Research and development expense
1.9

 
1.3

 
1.0

Capitalized in inventory
2.2

 
1.9

 
1.3

Total compensation expense
$
38.7

 
$
30.4

 
$
22.8

Related income tax benefit
$
11.7

 
$
8.8

 
$
7.0

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,
2014
 
2013
 
2012
Expected life
4.8 - 5.5 years

  
4.7 - 5.5 years

  
4.3 - 5.7 years

Expected volatility
31.5% - 35.3%

  
34.8% - 35.9%

  
39.5% - 43.8%

Risk-free interest rate
1.36% - 1.61%

  
0.63% - 0.78%

  
0.69% - 1.08%

Dividend yield
0.05
%
  
0.06
%
  
0.09
%
Schedule of Stock Option Plans
The activity and status of the Company's stock option plans for the fiscal year ended and at October 31, 2014, are 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, 2013
1,708,676

 
$
54.58

  
 
 
 
Granted
164,166

 
$
121.25

  
 
 
 
Exercised
522,165

 
$
52.00

  
 
 
 
Forfeited or expired
26,741

 
$
81.76

  
 
 
 
Outstanding at October 31, 2014
1,323,936

 
$
63.32

  
5.53
 
 
Vested and exercisable at October 31, 2014
900,031

 
$
48.02

  
4.37
 
$
104,293,959

Schedule of Non-Vested RSUs
 
The status of the Company's non-vested RSUs at October 31, 2013, is summarized below:
 
Number of
Shares
 
Weighted-
Average
Grant Date Fair
Value Per Share
Non-vested RSUs at October 31, 2013
647,185

 
$
73.33

Granted
217,450

 
$
120.5

Vested and issued
232,138

 
$
65.4

Forfeited or expired
33,830

 
$
81.13

Non-vested RSUs at October 31, 2014
598,667

 
$
93.09