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Retirement, Pension and Other Postretirement Plans (Tables)
 12 Months Ended
Oct. 31, 2025
Summary of Accumulated Other Comprehensive Loss Changes in AOCI for the years ended October 31, 2025, 2024 and 2023 consisted of:
Cumulative
translation
and related hedging instruments		Pension and
postretirement benefit
plan adjustments		Accumulated
other comprehensive loss
Balance at October 31, 2022 (1)
$(160,046)$(47,736)$(207,782)
Other comprehensive (loss) income before reclassification adjustments31,409 (19,804)11,605 
Reclassifications from AOCI to Statement of Income (2)
— (308)(308)
Tax impact(4,643)4,687 44 
Balance at October 31, 2023 (1)
(133,280)(63,161)(196,441)
Other comprehensive (loss) income before reclassification adjustments11,024 (6,129)4,895 
Reclassifications from AOCI to Statement of Income (2)
— (419)(419)
Tax impact5,366 1,759 7,125 
Balance at October 31, 2024 (1)
(116,890)(67,950)(184,840)
Other comprehensive (loss) income before reclassification adjustments57,857 22,953 80,810 
Reclassifications from AOCI to Statement of Income (2)
— 1,060 1,060 
Tax impact8,515 (6,002)2,513 
Balance at October 31, 2025 (1)
$(50,518)$(49,939)$(100,457)
(1) Amounts net of tax.
(2) Included in the computation of net periodic cost (benefit) which is included in Other - net in our Consolidated Statements of Income. See Note 7.
Pension Plans  
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans
A reconciliation of the benefit obligations, plan assets, accrued benefit cost and the amount recognized in financial statements for pension plans is as follows:
United StatesInternational
2025202420252024
Change in benefit obligation:    
Benefit obligation at beginning of year$368,348 $319,186 $69,363 $62,813 
Service cost10,123 10,043 604 942 
Interest cost18,766 18,975 2,526 2,766 
Participant contributions— — 70 82 
Settlements— (1,659)— (805)
Foreign currency exchange rate change— — 2,820 2,320 
Actuarial (gain) loss(10,835)30,709 (13,798)4,086 
Benefits paid(10,836)(8,906)(2,641)(2,841)
Benefit obligation at end of year$375,566 $368,348 $58,944 $69,363 
Change in plan assets:
Beginning fair value of plan assets$366,042 $321,676 $44,829 $39,863 
Actual return on plan assets25,118 52,744 (5,977)4,460 
Company contributions10,509 2,187 1,606 2,104 
Participant contributions— — 70 82 
Settlements— (1,659)— (805)
Foreign currency exchange rate change— — 1,043 1,966 
Benefits paid(10,836)(8,906)(2,641)(2,841)
Ending fair value of plan assets$390,833 $366,042 $38,930 $44,829 
Funded status at end of year$15,267 $(2,306)$(20,014)$(24,534)
Amounts recognized in financial statements:
Noncurrent asset$25,446 $7,320 $14,318 $13,716 
Accrued benefit liability(1,306)(977)— (6)
Long-term pension obligations(8,873)(8,649)(34,332)(38,244)
Total amount recognized in financial statements$15,267 $(2,306)$(20,014)$(24,534)
 
The net actuarial gain included in the projected benefit obligation for the U.S. and international pension plans for 2025 was primarily due to higher discount rates and gains due to changes in demographic assumptions and demographic experience. The net actuarial loss included in the projected benefit obligation for the United States and international pension plans for 2024 was primarily due to lower discount rates partially offset by gains due to demographic experience.
Amounts recognized in accumulated other comprehensive loss (income):
 United StatesInternational
 2025202420252024
Net actuarial loss (gain)$95,616 $107,027 $(8,225)$(2,312)
Prior service cost (credit)— — (82)(88)
Accumulated other comprehensive loss (income)$95,616 $107,027 $(8,307)$(2,400)
Summary of Accumulated Other Comprehensive Loss
The following table summarizes the changes in accumulated other comprehensive loss (income): 
United StatesInternational
2025202420252024
Balance at beginning of year$107,027 $102,506 $(2,400)$(3,213)
Net loss (gain) arising during the year(9,516)4,577 (6,109)1,197 
Net gain (loss) recognized during the year(1,895)— 325 (29)
Prior service adjustment recognized during the year— — 8 8 
Settlement gain (loss) recognized during the year— (56)— (95)
Exchange rate effect during the year— — (131)(268)
Balance at end of year$95,616 $107,027 $(8,307)$(2,400)
Accumulated Benefit Obligation
Information regarding the funded status of the Company's plans is as follows:
United StatesInternational
2025202420252024
For plans with accumulated benefit obligation in excess of plan assets:
Accumulated benefit obligation$9,462 $10,121 $37,518 $41,647 
Fair value of plan assets— — 4,580 5,323 
For plans with projected benefit obligation in excess of plan assets:
Projected benefit obligation10,179 9,626 38,911 43,574 
Fair value of plan assets— — 4,580 5,323 
Components of Net Periodic Benefits Cost
Net periodic pension costs include the following components:
United StatesInternational
202520242023202520242023
Service cost$10,123 $10,043 $10,973 $604 $942 $1,096 
Interest cost18,766 18,975 16,699 2,526 2,766 2,513 
Expected return on plan assets(26,437)(26,611)(26,116)(2,499)(1,626)(1,532)
Amortization of prior service credit— — — (8)(8)(50)
Amortization of net actuarial (gain) loss1,895 — — (325)29 79 
Settlement loss (gain)— 56 90 — 95 (425)
Curtailment gain— — — — — (2)
Total benefit cost$4,347 $2,463 $1,646 $298 $2,198 $1,679 
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs
The weighted average assumptions used in the valuation of pension benefits were as follows:
United StatesInternational
202520242023202520242023
Weighted average assumptions used to determine benefit obligations at October 31:
Discount rate5.35 %5.27 %6.08 %4.50 %3.80 %4.35 %
Rate of compensation increase3.28 3.96 3.92 3.13 3.08 2.96 
Weighted average assumptions used to determine net benefit costs for the years ended October 31:
Discount rate - benefit obligation5.27 6.08 5.70 3.80 4.35 3.78 
Discount rate - service cost5.38 6.18 5.89 4.02 3.48 2.88 
Discount rate - interest cost5.03 5.84 5.37 3.96 4.28 3.85 
Expected return on plan assets6.50 6.50 6.40 4.50 4.04 3.75 
Rate of compensation increase3.96 3.92 3.87 3.08 2.96 3.44 
Allocation of Pension Plan Assets
The allocation of pension plan assets as of October 31, 2025 and 2024 is as follows:
 United StatesInternational
 2025202420252024
Asset Category
Equity securities6 %3 %— %— %
Debt securities44 45 — — 
Insurance contracts— — 17 17 
Pooled investment funds50 51 81 82 
Other— 1 2 1 
Total100 %100 %100 %100 %
Fair Values of Pension Plan Assets
The fair values of our pension plan assets at October 31, 2025 by asset category are in the table below:
United StatesInternational
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Cash$31 $31 $— $— $746 $746 $— $— 
Money market funds11,782 11,782 — — — — — — 
Equity securities:
Basic materials590 590 — — — — — — 
Consumer goods1,544 1,544 — — — — — — 
Financial2,580 2,580 — — — — — — 
Healthcare1,737 1,737 — — — — — — 
Industrial goods2,912 2,912 — — — — — — 
Technology2,038 2,038 — — — — — — 
Fixed income securities:
U.S. Government65,184 — 65,184 — — — — — 
Corporate101,449 — 101,449 — — — — — 
Other7,413 — 7,413 — — — — — 
Other types of investments:
Insurance contracts— — — — 6,448 — — 6,448 
Other(1,144)(1,144)— — — — — — 
Total investments in the fair value hierarchy$196,116 $22,070 $174,046 $— $7,194 $746 $— $6,448 
Investments measured at Net Asset Value:
Real estate collective funds$27,887 $— 
Pooled investment funds166,830 31,736 
Total Investments at Fair Value$390,833 $38,930 
The fair values of our pension plan assets at October 31, 2024 by asset category are in the table below:
United StatesInternational
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Cash$— $— $— $— $442 $442 $— $— 
Equity securities:
Basic materials683 683 — — — — — — 
Consumer goods1,788 1,788 — — — — — — 
Financial2,461 2,461 — — — — — — 
Healthcare1,811 1,811 — — — — — — 
Industrial goods2,021 2,021 — — — — — — 
Technology2,104 2,104 — — — — — — 
Fixed income securities:
U.S.  Government58,000 — 58,000 — — — — — 
Corporate100,909 — 100,909 — — — — — 
Other5,879 — 5,879 — — — — — 
Other types of investments:
Insurance contracts— — — — 7,390 — — 7,390 
Other1,524 1,524 — — — — — — 
Total investments in the fair value hierarchy$177,180 $12,392 $164,788 $— $7,832 $442 $— $7,390 
Investments measured at Net Asset Value:
Real estate collective funds$33,270 $—  
Pooled investment funds155,592 36,997 
Total Investments at Fair Value$366,042 $44,829 
Change in Level 3 Fair Value of Plan Assets
The following tables present an analysis of changes during the years ended October 31, 2025 and 2024 in Level 3 plan assets, by plan asset class, for U.S. and international pension plans using significant unobservable inputs to measure fair value:
Fair Value Measurements
Using Significant Unobservable
Inputs (Level 3)
Insurance
contracts
Beginning balance at October 31, 2024$7,390 
Actual return on plan assets:
Purchases1,339 
Sales(2,720)
Unrealized gains124 
Foreign currency translation315 
Ending balance at October 31, 2025$6,448 
Fair Value Measurements
Using Significant Unobservable
Inputs (Level 3)
Insurance
contracts
Beginning balance at October 31, 2023$12,224 
Actual return on plan assets:
Purchases1,428 
Sales(7,010)
Settlements(214)
Unrealized gains440 
Foreign currency translation522 
Ending balance at October 31, 2024$7,390 
Retiree Pension Benefit Payments
Retiree pension benefit payments, which include expected future service, are anticipated to be paid as follows:
YearUnited StatesInternational
2026$13,677 $3,139 
2027$15,833 $3,349 
2028$17,849 $3,050 
2029$19,901 $3,299 
2030$21,535 $3,418 
2031-2035$127,749 $18,125 
Retirement Plans  
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans
A reconciliation of the benefit obligations, accrued benefit cost and the amount recognized in financial statements for other postretirement plans in the United States is as follows:
 20252024
Change in benefit obligation:  
Benefit obligation at beginning of year$54,252 $53,433 
Service cost234 281 
Interest cost2,602 3,018 
Participant contributions533 580 
Actuarial (gain) loss(7,198)623 
Benefits paid(4,027)(3,683)
Benefit obligation at end of year$46,396 $54,252 
Change in plan assets:
Beginning fair value of plan assets$— $— 
Company contributions3,494 3,103 
Participant contributions533 580 
Benefits paid(4,027)(3,683)
Ending fair value of plan assets$— $— 
Funded status at end of year$(46,396)$(54,252)
Amounts recognized in financial statements:
Accrued benefit liability$(2,842)$(2,890)
Long-term postretirement obligations(43,554)(51,362)
Total amount recognized in financial statements$(46,396)$(54,252)
Summary of Accumulated Other Comprehensive Loss
The following table summarizes the changes in accumulated other comprehensive (gain) loss:
 20252024
Balance at beginning of year$(11,122)$(12,336)
Net (gain) loss arising during the year(7,197)623 
Net gain recognized during the year502 591 
Balance at end of year$(17,817)$(11,122)
Components of Net Periodic Benefits Cost
Net postretirement benefit costs include the following components:
 202520242023
Service cost$234 $281 $399 
Interest cost2,602 3,018 3,063 
Amortization of net actuarial gain(502)(591)— 
Total benefit cost$2,334 $2,708 $3,462 
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs
The weighted average assumptions used in the valuation of postretirement benefits were as follows:
 202520242023
Assumptions used to determine benefit obligations at October 31:
Discount rate5.15 %5.18 %6.02 %
Health care cost trend rate2.32 2.25 3.40 
Rate to which health care cost trend rate is assumed to incline/decline (ultimate trend rate)1.85 1.80 3.16 
Year the rate reaches the ultimate trend rate203420332032
Assumption used to determine net benefit costs for the years ended October 31:
Discount rate benefit obligation5.18 %6.02 %5.59 %
Discount rate service cost5.44 6.26 6.00 
Discount rate interest cost4.90 5.76 5.22 
Retiree Pension Benefit Payments
Retiree postretirement benefit payments are anticipated to be paid as follows:
Year
2026$2,842 
2027$3,034 
2028$3,170 
2029$3,268 
2030$3,370 
2031-2035$17,658