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Fair Value Measurements (Tables)
9 Months Ended
Jul. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the classification of our assets and liabilities measured at fair value on a recurring basis at July 31, 2015:

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

 

5,610

 

 

 

 

 

 

5,610

 

 

 

 

Total assets at fair value

 

$

5,610

 

 

$

 

 

$

5,610

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plans (b)

 

$

10,026

 

 

$

 

 

$

10,026

 

 

$

 

Foreign currency forward contracts (a)

 

 

5,298

 

 

 

 

 

 

5,298

 

 

 

 

Total liabilities at fair value

 

$

15,324

 

 

$

 

 

$

15,324

 

 

$

 

 

(a)

We enter into foreign currency forward contracts to reduce the risk of foreign currency exposures resulting from receivables, payables, intercompany receivables, intercompany payables and loans denominated in foreign currencies.  Foreign currency forward contracts are valued using market exchange rates.  Foreign currency forward contracts are not designated as hedges.

(b)

Executive officers and other highly compensated employees may defer up to 100 percent of their salary and annual cash incentive award and for executive officers, up to 90 percent of their long-term performance share incentive award, into various non-qualified deferred compensation plans. Deferrals can be allocated to various market performance measurement funds.  Changes in the value of compensation deferred under these plans are recognized each period based on the fair value of the underlying measurement funds.