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Fair Value Measurements (Tables)
 6 Months Ended
Apr. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis:

 

April 30, 2019

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

4,824

 

 

$

—

 

 

$

4,824

 

 

$

—

 

Total assets at fair value

 

$

4,824

 

 

$

—

 

 

$

4,824

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plans (b)

 

$

12,574

 

 

$

—

 

 

$

12,574

 

 

$

—

 

Foreign currency forward contracts (a)

 

 

4,742

 

 

 

—

 

 

 

4,742

 

 

 

—

 

Total liabilities at fair value

 

$

17,316

 

 

$

—

 

 

$

17,316

 

 

$

—

 

 

April 30, 2018

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

3,213

 

 

$

—

 

 

$

3,213

 

 

$

—

 

Total assets at fair value

 

$

3,213

 

 

$

—

 

 

$

3,213

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plans (b)

 

$

11,796

 

 

$

—

 

 

$

11,796

 

 

$

—

 

Foreign currency forward contracts (a)

 

 

5,494

 

 

 

—

 

 

 

5,494

 

 

 

—

 

Total liabilities at fair value

 

$

17,290

 

 

$

—

 

 

$

17,290

 

 

$

—

 

 

 

(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 exchange contracts are valued using market exchange rates. These foreign exchange 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 compensation and for executive officers, up to 90 percent of their long-term incentive compensation, 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.
Carrying Amounts and Fair Values of Financial Instruments, Other than Cash and Cash Equivalents, Receivables and Accounts Payable The carrying values of cash and cash equivalents, receivables and accounts payable approximate fair value due to the short-term nature of these instruments.

 

 

 

2019

 

 

 

Carrying

Amount

 

 

Fair Value

 

Long-term debt (including current portion)

 

 

1,374,125

 

 

 

1,381,087