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Employee Benefits (Tables)
12 Months Ended
Oct. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Changes in Benefit Obligation, Changes in Plan Assets and Funded Status
The following table sets forth the Plan's benefit obligations, fair value of the Plan assets and funded status of the Plan at October 31, 2025 and 2024, and net periodic pension costs for each of the years in the three-year periods ended October 31, 2025. The net amounts recognized in the Consolidated Balance Sheets consist of non-current liabilities. The accumulated benefit obligation was $161.4 million and $161.7 million as of October 31, 2025 and 2024.
Years Ended October 31,
(In millions)
20252024
Change in benefit obligation
Benefit obligation, beginning of year$178.9 $144.5 
Service cost9.9 8.7 
Interest cost8.7 8.4 
Benefits paid(14.6)(9.1)
Actuarial (gain) loss(4.7)26.4 
Benefit obligation, end of year$178.2 $178.9 
Change in plan assets
Fair value of plan assets, beginning of year$163.7 $137.6 
Actual return on plan assets16.3 34.8 
Employer contributions— 0.4 
Benefits paid(14.6)(9.1)
Fair value of plan assets, end of year$165.4 $163.7 
Funded status at end of year$(12.8)$(15.2)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income
Years Ended October 31,
(In millions)
20252024
Balances in accumulated other comprehensive income consist of:
Net loss (gain)$(2.2)$6.3 
Accumulated other comprehensive income$(2.2)$6.3 
Schedule of Reconciliation of Prepaid (Accrued) Pension Cost
Years Ended October 31,
(In millions)
20252024
Reconciliation of (prepaid) accrued pension cost:
(Prepaid)/Accrued pension cost at prior fiscal year end$8.9 $2.8 
Net periodic benefit cost6.1 6.5 
Contributions made during the year— (0.4)
(Prepaid)/Accrued pension cost at fiscal year end$15.0 $8.9 
Schedule of Components of Net Periodic Pension Costs and Other Amounts Recognized in Other Comprehensive Income
Years Ended October 31,
(In millions)
202520242023
Components of net periodic benefit cost and other amounts recognized in the Consolidated Statements of Income:
Net periodic benefit cost:
Service cost$9.9 $8.7 $10.0 
Interest cost8.7 8.4 7.9 
Expected return on plan assets(12.5)(10.6)(11.1)
Net periodic pension cost$6.1 $6.5 $6.8 
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Years Ended October 31,
(In millions)
202520242023
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net (gain) loss$(8.5)$2.2 $(4.0)
Total recognized in other comprehensive (income) loss$(8.5)$2.2 $(4.0)
Total recognized in net periodic benefit cost and other comprehensive (income) loss$(2.4)$8.7 $2.8 
Schedule of Weighted-Average Assumptions Used in Computing Net Periodic Pension Cost and Projected Benefit Obligation
Years Ended October 31,202520242023
Weighted-average assumptions used in computing the net periodic pension cost and projected benefit obligation at year end:
Discount rate for determining net periodic pension cost:
Projected Benefit Obligation5.32 %6.22 %5.74 %
Service Cost5.36 %6.25 %5.77 %
Interest Cost5.07 %6.05 %5.51 %
Discount rate for determining benefit obligations at year end5.32 %5.32 %6.22 %
Rate of compensation increase for determining expense4.40 %3.60 %3.60 %
Rate of compensation increase for determining benefit obligations at year end4.40 %4.40 %3.60 %
Expected rate of return on plan assets for determining net periodic pension cost8.00 %8.00 %8.00 %
Expected rate of return on plan assets at year end8.00 %8.00 %8.00 %
Measurement date for determining assets and benefit obligations at year end10/31/202510/31/202410/31/2023
Schedule of Weighted-Average Asset Allocations and Fair Value Measurement of Plan Assets
Weighted-average asset allocations at year end, by asset category are as follows:
Years Ended October 31,202520242023
Asset category
Cash and cash equivalents2.0 %3.7 %2.9 %
Corporate common stock27.7 %25.2 %26.0 %
Equity mutual funds38.1 %39.9 %39.1 %
Balanced funds2.4 %2.2 %2.4 %
Alternative investments0.4 %0.8 %0.7 %
Bond mutual funds29.4 %28.2 %28.9 %
Total100.0 %100.0 %100.0 %
Schedule of Estimated Future Benefit Payments
Years
(In millions)
2026$14.1 
202714.4 
202814.8 
202915.4 
203015.1 
2031-2035$73.7