Income Taxes (Tables)

12 Months Ended

Oct. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax Expense

Income before income taxes and income tax expense (benefit) are comprised of the following:

	2025		2024		2023
Income before income taxes:
Domestic	$	430,297	$	314,263	$	269,934
Foreign	167,351		271,218		345,405
Total income before income taxes	$	597,648	$	585,481	$	615,339
Current:
U.S. federal	$	73,858	$	65,085	$	54,157
State and local	9,501		2,017		285
Foreign	42,426		69,652		89,520
Total current	$	125,785	$	136,754	$	143,962
Deferred:
U.S. federal	$	(8,868)	$	(11,622)	$	(9,119)
State and local	(1,124)		(1,387)		(1,279)
Foreign	(2,619)		(5,548)		(5,718)
Total deferred	(12,611)		(18,557)		(16,116)
	$	113,174	$	118,197	$	127,846

Income Taxes Computed at the U.S. Statutory Rate and Income Tax

A reconciliation of the U.S. statutory federal rate to the worldwide consolidated effective tax rate follows:

	2025		2024		2023
Statutory federal income tax rate	21.00	%	21.00	%	21.00	%
Share-based and other compensation	0.14		(0.02)		(0.25)
Foreign tax rate variances	0.78		1.22		1.83
State and local taxes, net of federal income tax benefit	1.11		0.08		(0.13)
Foreign-Derived Intangible Income Deduction	(2.49)		(2.54)		(2.24)
Global Intangible Low-Taxed Income net of foreign tax credits	—		0.40		0.71
Changes in federal valuation allowances	(0.73)		0.68		1.45
Changes in unrecognized tax benefits	(0.25)		0.05		(0.17)
Other – net	(0.62)		(0.68)		(1.42)
Effective tax rate	18.94	%	20.19	%	20.78	%

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2025, 2024 and 2023 is as follows:

	2025		2024		2023
Gross balance at beginning of year	$	7,481	$	8,002	$	2,872
Additions based on tax positions related to the current year	—		300		410
Additions for tax positions of prior years	80		—		10
Increases related to acquired businesses	—		—		6,602
Reductions for tax positions of prior years	(1,296)		(418)		—
Lapse of statute of limitations	(300)		(403)		(1,892)
Gross balance at end of year	$	5,965	$	7,481	$	8,002

Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows:

	2025		2024
Deferred tax assets:
Lease Liabilities	$	19,640	$	25,254
Employee benefits	15,192		29,291
Tax credit and loss carryforwards	27,765		35,258
Other accruals not currently deductible for taxes	9,966		9,190
Inventory adjustments	12,883		16,634
Total deferred tax assets	85,446		115,627
Valuation allowance	(24,523)		(33,596)
Total deferred tax assets	$	60,923	$	82,031
Deferred tax liabilities:
Depreciation and amortization	$	235,281	$	256,183
Lease right-of-use assets	18,528		24,204
Other - net	(11,946)		(3,865)
Total deferred tax liabilities	241,863		276,522
Net deferred tax liabilities	$	(180,940)	$	(194,491)