Stockholders' Equity

12 Months Ended

Oct. 31, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Analysis of Changes in Accumulated Other Comprehensive Income (Loss):

(In millions)	Foreign Currency Translation Adjustment		Derivatives		Minimum Pension Liability		Total
Balance at October 31, 2018	$	(412.2)	$	—	$	(18.5)	$	(430.7)
Gross change in value	9.0		—		(33.4)		(24.4)
Tax effect	—		—		8.0		8.0
Balance at October 31, 2019	$	(403.2)	$	—	$	(43.9)	$	(447.1)
Gross change in value	$	0.9	$	(17.1)	$	(16.8)	$	(33.0)
Tax effect	—		4.1		4.0		8.1
Balance at October 31, 2020	$	(402.3)	$	(13.0)	$	(56.7)	$	(472.0)
Gross change in value	$	82.2	$	34.3	$	29.8	$	146.3
Tax effect	(0.2)		(8.2)		(7.2)		(15.6)
Balance at October 31, 2021	$	(320.3)	$	13.1	$	(34.1)	$	(341.3)

Share Repurchases

In December 2011, the Company's Board of Directors authorized the 2012 Share Repurchase Program and through subsequent amendments, the most recent in March 2017, the total repurchase authorization was increased from $500.0 million to $1.0 billion of the Company's common stock. The program has no expiration date and may be discontinued at any time. Purchases under the 2012 Share Repurchase Program are subject to

a review of the circumstances in place at the time and may be made from time to time as permitted by securities laws and other legal requirements.

For the years ended October 31, 2021 and 2020, the Company share repurchases were as follow:

Years Ended October 31,	2021		2020
Number of shares	69,622		160,850
Average repurchase price per share	$	356.6	$	296.9
Total costs of shares repurchased (in millions)	$	24.8	$	47.8

At October 31, 2021, $334.8 million remained authorized for repurchase under the program.

Dividends

In fiscal 2021 and 2020, the Company paid a semiannual dividend of 3 cents per share: $1.5 million or 3 cents per share on February 9, 2021 to stockholders of record on January 22, 2021; $1.5 million or 3 cents per share on August 11, 2021 to stockholders of record on July 27, 2021; $1.5 million or 3 cents per share on February 10, 2020 to stockholders of record on January 23, 2020; $1.5 million or 3 cents per share on August 7, 2020 to stockholders of record on July 23, 2020.