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Acquisitions and Joint Venture (Tables)
 9 Months Ended
Jul. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Total purchase consideration for business and asset acquisitions
The following is a summary of the allocation of the total purchase consideration for business and asset acquisitions that the Company completed during the nine months ended July 31, 2022, and fiscal 2021:
(In millions)July 31, 2022October 31, 2021
Technology$1.9 $178.6 
In-Process Research & Development (IPR&D)— 20.0 
Customer relationships730.0 7.5 
Trademarks55.4 1.3 
Other— 0.6 
Total identifiable intangible assets$787.3 $208.0 
Goodwill1,206.3 91.6 
Net tangible liabilities(309.0)(10.8)
Fair value of contingent consideration(1.5)(39.1)
Total closing purchase price$1,683.1 $249.7 
Schedule of recognized identified assets acquired and liabilities assumed The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the acquisition date:
(In millions)
Current assets:
Cash and cash equivalents
$58.6 
Trade accounts receivable, net
23.3 
Inventories
4.0 
Prepaid expense and other current assets
29.5 
Total current assets115.4 
Property, plant and equipment
32.5 
Operating lease right-of-use assets
21.3 
Goodwill1,196.5 
Customer relationships
719.1 
Trademarks
54.9 
Deferred tax assets15.8 
Other assets
0.8 
Total assets acquired
$2,156.3 
Current liabilities:
Accounts payable
$12.6 
Employee compensation and benefits
12.3 
Operating lease liabilities
2.6 
Deferred revenue69.6 
Other current liabilities
15.1 
Total current liabilities112.2 
Deferred tax liabilities
151.8 
Operating lease liabilities
18.8 
Deferred revenue
208.8 
Other liabilities
1.6 
Total liabilities assumed
$493.2 
Total purchase price
$1,663.1 
Schedule of business acquisition, pro forma information The following unaudited pro forma information summarizes the combined results of operations of the Company and Generate as if the acquisition had been completed at the beginning of the Company’s fiscal 2021:
Three months ended July 31,Nine months ended July 31,
(In millions)
2022202120222021
Revenue
$843.2 $835.5 $2,496.2 $2,367.9 
Net income
$97.9 $614.9 $303.7 $2,837.7 
Contingent consideration reconciliation
The following table provides a reconciliation of the beginning and ending balances of contingent consideration:

Periods Ended July 31,Three MonthsNine Months
(In millions)2022202120222021
Beginning balance$45.6 $30.8 $97.4 $— 
Purchase price contingent consideration— 0.5 1.5 31.3 
Payments— — (42.9)— 
Change in fair value(0.3)56.8 (10.7)56.8 
Ending balance$45.3 $88.1 $45.3 $88.1