Income Taxes (Tables)

12 Months Ended

Oct. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Components of income before income taxes:

Years Ended October 31, (In millions)	2024		2023		2022
Income before income taxes:
United States	$	(87.1)	$	(135.7)	$	31.4
Foreign	669.4		548.6		443.9
	$	582.3	$	412.9	$	475.3

Schedule of Provision for Income Taxes

Components of provision for income taxes:

Years Ended October 31, (In millions)	2024		2023		2022
Current:
Federal	$	38.2	$	37.3	$	10.2
State	1.3		3.7		3.8
Foreign	31.6		33.0		21.7
	71.1		74.0		35.7
Deferred:
Federal	(19.6)		(36.7)		10.5
State	0.5		(7.5)		(2.2)
Foreign	138.0		88.9		45.6
	118.9		44.7		53.9
Provision for income taxes	$	190.0	$	118.7	$	89.5

Schedule of Reconciliation Between the Expected Provision for Income Taxes at the US Federal Statutory Rate and the Provision for Income Taxes

Reconciliation between the expected provision for income taxes at the U.S. federal statutory rate and the provision for income taxes:

Years Ended October 31, (In millions)	2024		2023		2022
Provision for income taxes at United States statutory tax rate	$	122.3	$	86.7	$	99.8
(Decrease) increase in taxes resulting from:
Foreign earnings in jurisdictions with different tax rates	27.8		7.0		(22.3)
Foreign earnings subject to United States tax	45.5		34.3		21.1
Excess tax benefits from share-based compensation	(5.1)		(2.4)		(2.6)
Change in unrecognized tax benefits	0.6		—		(12.7)
State tax provision	1.2		(4.2)		5.0
Other, net	(2.3)		(2.7)		1.2
Provision for income taxes	$	190.0	$	118.7	$	89.5

Schedule of Deferred Tax Assets and Liabilities

Components of deferred tax assets and liabilities:

Years Ended October 31, (In millions)	2024		2023
Deferred tax assets:
Inventory	$	43.0	$	40.0
Employee compensation and benefits	34.2		31.9
Lease liabilities	43.0		37.5
Accrued liabilities	89.4		83.9
Net operating loss carryforwards	229.6		206.4
Foreign goodwill	1,129.5		1,249.5
Foreign intangible assets	817.9		857.6
Other deferred tax assets	59.5		48.2
Total gross deferred tax assets	2,446.1		2,555.0
Less: valuation allowance	(23.3)		(20.7)
Deferred tax assets	2,422.8		2,534.3
Deferred tax liabilities:
Property, plant and equipment	(51.7)		(41.3)
Right of use assets	(40.6)		(34.8)
U.S. goodwill	(44.5)		(34.7)
U.S. intangible assets	(130.4)		(121.3)
Other deferred tax liabilities	(41.3)		(54.0)
Total gross deferred tax liabilities	(308.5)		(286.1)
Net deferred tax assets	$	2,114.3	$	2,248.2

Summary of Valuation Allowance

Changes in valuation allowance:

Years Ended October 31, (In millions)	2024		2023		2022
Beginning balance	$	20.7	$	60.1	$	51.8
Increases	2.8		2.6		13.3
Decreases	(0.2)		(42.0)		(5.0)
Ending balance	23.3		$	20.7	$	60.1

Schedule of Changes in Unrecognized Tax Benefits

Changes in unrecognized tax benefits:

(In millions)
Balance at October 31, 2022	$	336.9
Decrease based on tax positions in prior fiscal years	(0.5)
Increase based on tax positions in current fiscal year	2.0
Lapses of statutes of limitations	(6.9)
Balance at October 31, 2023	$	331.5
Decrease based on tax positions in prior fiscal years	(2.0)
Increase based on tax positions in prior fiscal years	2.2
Increase based on tax positions in current fiscal year	1.0
Lapses of statutes of limitations	(5.9)
Balance at October 31, 2024	$	326.8