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Financial Derivatives and Hedging (Tables)
12 Months Ended
Oct. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative instruments recognized in condensed consolidated statements of income
The following table summarizes the amounts recognized with respect to our derivative instruments within the accompanying Consolidated Statements of Income:
Periods Ended October 31,
(In millions)202220212020
Derivatives designated as cash flow hedgesLocation of Loss (Income) Recognized on Derivatives
Interest rate swap contractsInterest expense (income)$(2.3)$8.0 $3.7 
Changes in accumulated other comprehensive (loss) income
Analysis of Changes in Accumulated Other Comprehensive Income (Loss):
(In millions)Foreign Currency Translation Adjustment Derivatives Minimum Pension Liability Total
Balance at October 31, 2019$(403.2)$— $(43.9)$(447.1)
Gross change in value0.9 (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)
Gross change in value$(234.7)$107.4 $36.6 $(90.7)
Tax effect— (26.1)(8.7)(34.8)
Balance at October 31, 2022$(555.0)$94.4 $(6.2)$(466.8)
The following table details the changes in accumulated other comprehensive income:
(In millions)Amount
Balance as of October 31, 2020$(17.1)
Amount recognized in other comprehensive income on interest rate swap contracts, gross ($20.0, net of tax)
26.3 
Amount reclassified from other comprehensive income into earnings, gross ($6.1, net of tax)
Balance gain as of October 31, 2021$17.2 
Amount recognized in other comprehensive income on interest rate swap contracts, gross ($79.7, net of tax)
105.1 
Amount reclassified from other comprehensive income into earnings, gross ($1.7, net of tax)
2.2 
Balance gain as of October 31, 2022$124.5