Retirement, Pension and Other Postretirement Plans (Tables)

12 Months Ended

Oct. 31, 2017

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 States						International
	2017			2016			2017			2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	409,459		$	361,039		$	91,396		$	90,615
Service cost		12,456			11,490			2,378			2,448
Interest cost		12,844			15,932			1,537			2,294
Participant contributions		—			—			85			115
Plan amendments		—			173			—			(3,050	)
Settlements		(1,548	)		—			(1,309	)		—
Curtailments		—			—			—			(6,790	)
Foreign currency exchange rate change		—			—			4,896			(7,675	)
Actuarial loss		9,351			31,781			(7,602	)		15,749
Benefits paid		(11,746	)		(10,956	)		(2,620	)		(2,310	)
Benefit obligation at end of year	$	430,816		$	409,459		$	88,761		$	91,396
Change in plan assets:
Beginning fair value of plan assets	$	333,867		$	295,320		$	35,604		$	37,473
Actual return on plan assets		29,620			23,280			612			2,205
Company contributions		19,041			26,223			3,165			3,793
Participant contributions		—			—			85			115
Settlements		(1,548	)		—			(1,309	)		—
Other		—			—			—			(145	)
Foreign currency exchange rate change		—			—			1,967			(5,527	)
Benefits paid		(11,746	)		(10,956	)		(2,620	)		(2,310	)
Ending fair value of plan assets	$	369,234		$	333,867		$	37,504		$	35,604
Funded status at end of year	$	(61,582	)	$	(75,592	)	$	(51,257	)	$	(55,792	)
Amounts recognized in financial statements:
Noncurrent asset	$	—		$	—		$	64		$	—
Accrued benefit liability		(1,201	)		(1,000	)		(36	)		(8	)
Long-term pension and retirement obligations		(60,381	)		(74,592	)		(51,285	)		(55,784	)
Total amount recognized in financial statements	$	(61,582	)	$	(75,592	)	$	(51,257	)	$	(55,792	)

	United States						International
	2017			2016			2017			2016
Amounts recognized in accumulated other comprehensive (gain) loss:
Net actuarial loss	$	124,917		$	134,586		$	27,134		$	35,090
Prior service cost (credit)		(184	)		(139	)		(3,279	)		(3,445	)
Accumulated other comprehensive loss	$	124,733		$	134,447		$	23,855		$	31,645
Amounts expected to be recognized during next fiscal year:
Amortization of net actuarial loss	$	8,672		$	9,336		$	2,074		$	2,558
Amortization of prior service cost (credit)		(23	)		47			(313	)		(304	)
Total	$	8,649		$	9,383		$	1,761		$	2,254

Summary of Changes in Accumulated Other Comprehensive (Gain) Loss

The following table summarizes the changes in accumulated other comprehensive loss:

	United States						International
	2017			2016			2017			2016
Balance at beginning of year	$	134,447		$	114,663		$	31,645		$	29,726
Net (gain) loss arising during the year		515			28,167			(6,867	)		8,255
Prior service cost (credit) arising during the year		—			173			—			(3,050	)
Net loss recognized during the year		(9,537	)		(8,480	)		(2,605	)		(1,723	)
Prior service (cost) credit recognized during the year		(44	)		(76	)		302			203
Settlement loss		(648	)		—			(363	)		(160	)
Curtailment gain		—			—			—			1,526
Exchange rate effect during the year		—			—			1,743			(3,132	)
Balance at end of year	$	124,733		$	134,447		$	23,855		$	31,645

Accumulated Benefit Obligation

Information regarding the accumulated benefit obligation is as follows:

	United States				International
	2017		2016		2017		2016
For all plans:
Accumulated benefit obligation	$	420,035	$	397,350	$	76,032	$	77,166
For plans with benefit obligations in excess of plan assets:
Projected benefit obligation		430,816		409,459		83,289		90,852
Accumulated benefit obligation		420,035		397,350		70,985		77,121
Fair value of plan assets		369,234		333,867		32,325		35,533

Components of Net Periodic Benefits Cost

Net pension benefit costs include the following components:

	United States									International
	2017			2016			2015			2017			2016			2015
Service cost	$	12,456		$	11,490		$	10,851		$	2,378		$	2,448		$	2,816
Interest cost		12,844			15,932			15,037			1,537			2,294			2,561
Expected return on plan assets		(20,784	)		(19,666	)		(18,316	)		(1,338	)		(1,501	)		(1,589	)
Amortization of prior service cost (credit)		44			76			121			(302	)		(203	)		(90	)
Amortization of net actuarial loss		9,537			8,480			9,742			2,605			1,723			2,285
Settlement loss		648			—			516			363			160			1,319
Curtailment (gain) loss		—			—			68			—			(1,526	)		—
Total benefit cost	$	14,745		$	16,312		$	18,019		$	5,243		$	3,395		$	7,302

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 States									International
	2017			2016			2015			2017			2016			2015
Assumptions used to determine benefit obligations at October 31:
Discount rate		3.80	%		3.94	%		4.39	%		2.07	%		1.86	%		2.81	%
Rate of compensation increase		3.61			3.61			3.50			3.13			3.12			3.22
Assumptions used to determine net benefit costs for the years ended October 31:
Discount rate - benefit obligation		3.94			4.39			4.29			1.86			2.81			2.94
Discount rate - service cost		4.31			4.39			4.29			1.55			2.81			2.94
Discount rate - interest cost		3.20			4.39			4.29			1.66			2.81			2.94
Expected return on plan assets		6.25			6.72			6.76			3.51			4.22			4.39
Rate of compensation increase		3.61			3.50			3.49			3.12			3.22			3.19

Allocation of Pension Plan Assets

The allocation of pension plan assets as of October 31, 2017 and 2016 is as follows:

	United States						International
	2017			2016			2017			2016
Asset Category
Equity securities		13	%		15	%		—	%		—	%
Debt securities		48			31			—			—
Insurance contracts		—			—			56			59
Pooled investment funds		39			53			42			39
Other		—			1			2			2
Total		100	%		100	%		100	%		100	%

Fair Values of Pension Plan Assets

The fair values of our pension plan assets at October 31, 2017 by asset category are in the table below:

	United States								International
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Cash	$	959	$	959	$	—	$	—	$	566	$	566	$	—	$	—
Money market funds		3,615		3,615		—		—		—		—		—		—
Equity securities:
Basic materials		2,129		2,129		—		—		—		—		—		—
Consumer goods		3,776		3,776		—		—		—		—		—		—
Financial		6,147		6,147		—		—		—		—		—		—
Healthcare		3,940		3,940		—		—		—		—		—		—
Industrial goods		2,459		2,459		—		—		—		—		—		—
Technology		3,815		3,815		—		—		—		—		—		—
Utilities		793		793		—		—		—		—		—		—
Mutual funds		20,698		20,698		—		—		—		—		—		—
Fixed income securities:
U.S. Government		57,789		9,372		48,417		—		—		—		—		—
Corporate		112,112		—		112,112		—		—		—		—		—
Other		6,566		—		6,566		—		—		—		—		—
Other types of investments:
Insurance contracts		—		—		—		—		21,037		—		—		21,037
Real estate collective funds at NAV		21,699		—		—		—		—		—		—		—
Pooled investment funds at NAV		121,724		—		—		—		15,901		—		—		—
Other		1,013		1,013		—		—		—		—		—		—
	$	369,234	$	58,716	$	167,095	$	—	$	37,504	$	566	$	—	$	21,037

The fair values of our pension plan assets at October 31, 2016 by asset category are in the table below:

	United States								International
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Cash	$	896	$	896	$	—	$	—	$	798	$	798	$	—	$	—
Money market funds		2,471		2,471		—		—		—		—		—		—
Equity securities:
Basic materials		2,144		2,144		—		—		—		—		—		—
Consumer goods		3,457		3,457		—		—		—		—		—		—
Financial		5,930		5,930		—		—		—		—		—		—
Healthcare		3,344		3,344		—		—		—		—		—		—
Industrial goods		2,671		2,671		—		—		—		—		—		—
Technology		3,490		3,490		—		—		—		—		—		—
Utilities		857		857		—		—		—		—		—		—
Mutual funds		27,220		27,220		—		—		—		—		—		—
Fixed income securities:
U.S. Government		38,466		6,888		31,578		—		—		—		—		—
Corporate		63,077		—		63,077		—		—		—		—		—
Other		3,403		—		3,403		—		—		—		—		—
Other types of investments:
Insurance contracts		—		—		—		—		20,927		—		—		20,927
Real estate collective funds at NAV		20,402		—		—		—		—		—		—		—
Pooled investment funds at NAV		155,247		—		—		—		13,879		—		—		—
Other		792		792		—		—		—		—		—		—
	$	333,867	$	60,160	$	98,058	$	—	$	35,604	$	798	$	—	$	20,927

Change in Level 3 Fair Value of Plan Assets

The following tables present an analysis of changes during the years ended October 31, 2017 and 2016 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			Total
Beginning balance at October 31, 2016	$	20,927		$	20,927
Actual return on plan assets:
Assets held, end of year		(412	)		(412	)
Assets sold during the period		—			-
Purchases		2,330			2,330
Sales		(2,502	)		(2,502	)
Foreign currency translation		694			694
Ending balance at October 31, 2017	$	21,037		$	21,037


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Insurance contracts			Total
Beginning balance at October 31, 2015		$	20,432		$	20,432
Actual return on plan assets:
Assets held, end of year			1,683			1,683
Assets sold during the period			—			-
Purchases			2,799			2,799
Sales			(2,140	)		(2,140	)
Foreign currency translation			(1,847	)		(1,847	)
Ending balance at October 31, 2016		$	20,927		$	20,927

Retiree Pension Benefit Payments

Retiree pension benefit payments, which reflect expected future service, are anticipated to be paid as follows:

Year	United States		International
2018	$	14,476	$	1,837
2019		15,604		2,861
2020		16,839		2,652
2021		18,061		3,035
2022		19,529		2,633
2023-2027		116,207		16,442

Retirement Plans [Member]

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 is as follows:

	United States						International
		2017			2016			2017			2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	71,904		$	68,315		$	623		$	524
Service cost		752			849			20			16
Interest cost		2,307			2,923			20			23
Participant contributions		503			446			—			—
Foreign currency exchange rate change		—			—			24			(14	)
Actuarial (gain) loss		2,212			1,818			(81	)		81
Benefits paid		(2,532	)		(2,447	)		(7	)		(7	)
Benefit obligation at end of year	$	75,146		$	71,904		$	599		$	623
Change in plan assets:
Beginning fair value of plan assets	$	—		$	—		$	—		$	—
Company contributions		2,029			2,001			7			7
Participant contributions		503			446			—			—
Benefits paid		(2,532	)		(2,447	)		(7	)		(7	)
Ending fair value of plan assets	$	—		$	—		$	—		$	—
Funded status at end of year	$	(75,146	)	$	(71,904	)	$	(599	)	$	(623	)
Amounts recognized in financial statements:
Accrued benefit liability	$	(2,148	)	$	(2,123	)	$	(8	)	$	(7	)
Long-term postretirement obligations		(72,998	)		(69,781	)		(591	)		(616	)
Total amount recognized in financial statements	$	(75,146	)	$	(71,904	)	$	(599	)	$	(623	)

	United States						International
		2017			2016			2017			2016
Amounts recognized in accumulated other comprehensive (gain) loss:
Net actuarial (gain) loss	$	20,124		$	18,786		$	(342	)	$	(265	)
Prior service credit		(142	)		(306	)		—			—
Accumulated other comprehensive (gain) loss	$	19,982		$	18,480		$	(342	)	$	(265	)
Amounts expected to be recognized during next fiscal year:
Amortization of net actuarial (gain) loss	$	995		$	917		$	(20	)	$	(17	)
Amortization of prior service cost (credit)		(99	)		(164	)		—			—
Total	$	896		$	753		$	(20	)	$	(17	)

Summary of Changes in Accumulated Other Comprehensive (Gain) Loss

The following table summarizes the changes in accumulated other comprehensive (gain) loss:

	United States						International
		2017			2016			2017			2016
Balance at beginning of year	$	18,480		$	17,079		$	(265	)	$	(379	)
Net (gain) loss arising during the year		2,212			1,818			(82	)		81
Net gain (loss) recognized during the year		(874	)		(684	)		17			25
Prior service credit recognized during the year		164			267			—			—
Exchange rate effect during the year		—			—			(12	)		8
Balance at end of year	$	19,982		$	18,480		$	(342	)	$	(265	)

Components of Net Periodic Benefits Cost

Net postretirement benefit costs include the following components:

	United States									International
		2017			2016			2015			2017			2016			2015
Service cost	$	752		$	849		$	979		$	20		$	16		$	29
Interest cost		2,307			2,923			2,946			20			23			35
Amortization of prior service credit		(164	)		(267	)		(438	)		—			—			—
Amortization of net actuarial (gain) loss		874			684			1,104			(17	)		(24	)		—
Total benefit cost	$	3,769		$	4,189		$	4,591		$	23		$	15		$	64

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:

	United States									International
	2017			2016			2015			2017			2016			2015
Assumptions used to determine benefit obligations at October 31:
Discount rate		3.86	%		4.05	%		4.50	%		3.52	%		3.40	%		4.35	%
Health care cost trend rate		3.70			3.63			3.72			6.50			6.13			6.31
Rate to which health care cost trend rate is assumed to decline (ultimate trend rate)		3.23			3.24			3.27			3.50			3.50			3.50
Year the rate reaches the ultimate trend rate		2026			2026			2025			2037			2031			2031
Assumption used to determine net benefit costs for the years ended October 31:
Discount rate - benefit obligation		4.03	%		4.50	%		4.40	%		3.40	%		4.35	%		4.25	%
Discount rate - service cost	4.48				4.50			4.40		3.56			4.35			4.25
Discount rate - interest cost	3.27				4.50			4.40			3.20		4.35			4.25

Retiree Pension Benefit Payments

Retiree postretirement benefit payments are anticipated to be paid as follows:

Year	United States		International
2018	$	2,148	$	8
2019		2,397		8
2020		2,592		9
2021		2,827		9
2022		3,066		9
2023-2027		18,330		59

Defined Benefit Plan Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rates

A one-percentage point change in the assumed health care cost trend rate would have the following effects. Bracketed numbers represent decreases in expense and obligation amounts.

	United States					International
	1% Point Increase		1% Point Decrease			1% Point Increase		1% Point Decrease
Health care trend rate:
Effect on total service and interest cost components in 2017	$	562	$	(446	)	$	10	$	(8	)
Effect on postretirement obligation as of October 31, 2017	$	10,637	$	(8,650	)	$	150	$	(115	)