Pension and Other Postretirement Plans

9 Months Ended

Jul. 31, 2021

Retirement Benefits [Abstract]

Pension and Other Postretirement Plans

Pension and other postretirement plans

The components of net periodic pension cost for the three and nine months ended July 31, 2021 and 2020 were:

	U.S.				International
Three Months Ended	2021		2020		2021		2020
Service cost	$	5,511	$	5,146	$	462	$	519
Interest cost	3,414		3,970		201		256
Expected return on plan assets	(7,124)		(6,165)		(395)		(313)
Amortization of prior service credit	(7)		(21)		(81)		(72)
Amortization of net actuarial loss	3,643		3,510		572		739
Settlement loss	303		2,508		—		—
Total benefit cost	$	5,740	$	8,948	$	759	$	1,129
	U.S.				International
Nine Months Ended	2021		2020		2021		2020
Service cost	$	16,999	$	15,439	$	1,642	$	1,550
Interest cost	10,248		11,913		671		769
Expected return on plan assets	(21,212)		(18,499)		(1,217)		(948)
Amortization of prior service credit	(48)		(63)		(246)		(214)
Amortization of net actuarial loss	11,259		10,529		2,373		2,201
Settlement loss	2,321		2,508		—		—
Total benefit cost	$	19,567	$	21,827	$	3,223	$	3,358

Contributions to the defined benefit pension plans are expected to be approximately $98,000 for fiscal year 2021, which includes additional cash contributions totaling $50,000 made in the second and third quarters of 2021, to move the domestic plans closer to full funding.

The components of net periodic pension cost other than service cost are included in Other – net in our Condensed Consolidated Statements of Income.

The components of other postretirement benefit costs for the three and nine months ended July 31, 2021 and 2020 were:

	U.S.				International
Three Months Ended	2021		2020		2021		2020
Service cost	$	191	$	187	$	4	$	4
Interest cost	444		657		3		3
Amortization of prior service credit	—		(5)		—		—
Amortization of net actuarial (gain) loss	334		380		(11)		(9)
Total benefit cost (income)	$	969	$	1,219	$	(4)	$	(2)
	U.S.				International
Nine Months Ended	2021		2020		2021		2020
Service cost	$	584	$	520	$	11	$	11
Interest cost	1,354		1,830		9		10
Amortization of prior service credit	—		(13)		—		—
Amortization of net actuarial (gain) loss	1,019		1,057		(30)		(27)
Total benefit cost (income)	$	2,957	$	3,394	$	(10)	$	(6)