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Retirement, Pension and Other Postretirement Plans (Tables)

12 Months Ended

Oct. 31, 2019

Summary of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss at October 31, 2019 and 2018 consisted of:

	Cumulative			Pension and			Accumulated
	translation			postretirement benefit			other comprehensive
	adjustments			plan adjustments			loss
Balance at October 31, 2018	$	(57,042	)	$	(122,272	)	$	(179,314	)
Pension and postretirement plan changes, net of tax of $(17,167)		—			(56,277	)		(56,277	)
Currency translation losses		3,710			—			3,710
Balance at October 31, 2019	$	(53,332	)	$	(178,549	)	$	(231,881	)

Pension 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, plan assets, accrued benefit cost and the amount recognized in financial statements for pension plans is as follows:

	United States						International
	2019			2018			2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	425,605		$	430,816		$	87,227		$	88,761
Service cost		14,587			13,052			1,933			2,048
Interest cost		18,304			14,797			1,670			1,656
Participant contributions		—			—			83			90
Plan amendments		—			—			186			50
Settlements		—			—			(3,018	)		(1,431	)
Foreign currency exchange rate change		—			—			106			(2,676	)
Actuarial (gain) loss		107,662			(20,502	)		11,852			107
Benefits paid		(14,161	)		(12,558	)		(2,049	)		(1,378	)
Benefit obligation at end of year	$	551,997		$	425,605		$	97,990		$	87,227
Change in plan assets:
Beginning fair value of plan assets	$	361,073		$	369,234		$	39,617		$	37,504
Actual return on plan assets		76,700			(13,890	)		707			2,370
Company contributions		25,319			18,287			3,696			3,728
Participant contributions		—			—			83			90
Settlements		—			—			(3,018	)		(1,431	)
Foreign currency exchange rate change		—			—			604			(1,266	)
Benefits paid		(14,161	)		(12,558	)		(2,049	)		(1,378	)
Ending fair value of plan assets	$	448,931		$	361,073		$	39,640		$	39,617
Funded status at end of year	$	(103,066	)	$	(64,532	)	$	(58,350	)	$	(47,610	)
Amounts recognized in financial statements:
Noncurrent asset	$	2,171		$	1,544		$	1,375		$	748
Accrued benefit liability		(6,435	)		(1,176	)		(21	)		(36	)
Long-term pension obligations		(98,802	)		(64,900	)		(59,704	)		(48,322	)
Total amount recognized in financial statements	$	(103,066	)	$	(64,532	)	$	(58,350	)	$	(47,610	)

	United States						International
	2019			2018			2019			2018
Amounts recognized in accumulated other comprehensive (gain) loss:
Net actuarial loss	$	178,390		$	130,788		$	33,826		$	23,304
Prior service credit		(100	)		(161	)		(2,342	)		(2,844	)
Accumulated other comprehensive loss	$	178,290		$	130,627		$	31,484		$	20,460
Amounts expected to be recognized during next fiscal year:
Amortization of net actuarial loss	$	13,591		$	6,221		$	2,945		$	1,700
Amortization of prior service credit		(84	)		(61	)		(288	)		(302	)
Total	$	13,507		$	6,160		$	2,657		$	1,398

Summary of Accumulated Other Comprehensive Loss

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

	United States						International
	2019			2018			2019			2018
Balance at beginning of year	$	130,627		$	124,733		$	20,460		$	23,855
Net (gain) loss arising during the year		54,304			15,351			12,737			(752	)
Prior service cost arising during the year		—			—			186			50
Net gain recognized during the year		(6,702	)		(9,479	)		(1,696	)		(2,115	)
Prior service credit recognized during the year		61			22			303			316
Settlement loss		—			—			(470	)		(252	)
Exchange rate effect during the year		—			—			(36	)		(642	)
Balance at end of year	$	178,290		$	130,627		$	31,484		$	20,460

Accumulated Benefit Obligation

Information regarding the accumulated benefit obligation is as follows:

	United States				International
	2019		2018		2019		2018
For all plans:
Accumulated benefit obligation	$	513,861	$	403,590	$	83,439	$	74,690
For plans with benefit obligations in excess of plan assets:
Projected benefit obligation		491,816		373,531		86,534		46,292
Accumulated benefit obligation		453,681		351,516		73,293		42,363
Fair value of plan assets		386,580		307,455		27,769		5,355

Components of Net Periodic Benefits Cost

Net periodic pension costs include the following components:

	United States									International
	2019			2018			2017			2019			2018			2017
Service cost	$	14,587		$	13,052		$	11,992		$	1,933		$	2,048		$	2,343
Interest cost		18,304			14,797			13,308			1,670			1,656			1,572
Expected return on plan assets		(23,341	)		(21,964	)		(20,784	)		(1,592	)		(1,512	)		(1,338	)
Amortization of prior service cost (credit)		(61	)		(22	)		44			(303	)		(316	)		(302	)
Amortization of net actuarial loss		6,702			9,479			9,537			1,696			2,115			2,605
Settlement loss		—			—			648			470			252			363
Total benefit cost	$	16,191		$	15,342		$	14,745		$	3,874		$	4,243		$	5,243

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
	2019			2018			2017			2019			2018			2017
Assumptions used to determine benefit obligations at October 31:
Discount rate		3.25	%		4.53	%		3.80	%		1.26	%		2.14	%		2.07	%
Rate of compensation increase		4.00			3.90			3.61			3.12			3.12			3.13
Assumptions used to determine net benefit costs for the years ended October 31:
Discount rate - benefit obligation		4.53			3.80			3.94			2.14			2.07			1.86
Discount rate - service cost		4.70			4.01			4.31			1.82			1.76			1.55
Discount rate - interest cost		4.15			3.31			3.20			1.90			1.83			1.66
Expected return on plan assets		6.00			6.00			6.25			3.96			3.91			3.51
Rate of compensation increase		3.90			3.61			3.61			3.12			3.13			3.12

Allocation of Pension Plan Assets

The allocation of pension plan assets as of October 31, 2019 and 2018 is as follows:

	United States						International
	2019			2018			2019			2018
Asset Category
Equity securities		11	%		13	%		—	%		—	%
Debt securities		53			50			—			—
Insurance contracts		—			—			54			55
Pooled investment funds		35			36			45			44
Other		1			1			1			1
Total		100	%		100	%		100	%		100	%

Fair Values of Pension Plan Assets

The fair values of our pension plan assets at October 31, 2019 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	$	1,208	$	1,208	$	—	$	—	$	441	$	441	$	—	$	—
Money market funds		5,566		5,566		—		—		—		—		—		—
Equity securities:
Basic materials		2,318		2,318		—		—		—		—		—		—
Consumer goods		4,412		4,412		—		—		—		—		—		—
Financial		6,120		6,120		—		—		—		—		—		—
Healthcare		4,460		4,460		—		—		—		—		—		—
Industrial goods		3,152		3,152		—		—		—		—		—		—
Technology		5,064		5,064		—		—		—		—		—		—
Utilities		937		937		—		—		—		—		—		—
Mutual funds		19,674		19,674		—		—		—		—		—		—
Fixed income securities:
U.S. Government		83,025		13,094		69,931		—		—		—		—		—
Corporate		151,607		—		151,607		—		—		—		—		—
Other		5,051		—		5,051		—		—		—		—		—
Other types of investments:
Insurance contracts		—		—		—		—		21,245		—		—		21,245
Other		1,101		1,101		—		—		—		—		—		—
Total investments in the fair value hierarchy	$	293,695	$	67,106	$	226,589	$	—	$	21,686	$	441	$	—	$	21,245

Investments measured at Net Asset Value:
Real estate collective funds		33,917								—
Pooled investment funds		121,319								17,954

Total Investments at Fair Value	$	448,931							$	39,640

The fair values of our pension plan assets at October 31, 2018 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	$	1,083	$	1,083	$	—	$	—	$	528	$	528	$	—	$	—
Money market funds		1,620		1,620		—		—		—		—		—		—
Equity securities:
Basic materials		2,763		2,763		—		—		—		—		—		—
Consumer goods		3,703		3,703		—		—		—		—		—		—
Financial		5,306		5,306		—		—		—		—		—		—
Healthcare		4,179		4,179		—		—		—		—		—		—
Industrial goods		2,516		2,516		—		—		—		—		—		—
Technology		4,690		4,690		—		—		—		—		—		—
Utilities		732		732		—		—		—		—		—		—
Mutual funds		21,987		21,987		—		—		—		—		—		—
Fixed income securities:
U.S. Government		50,602		10,224		40,378		—		—		—		—		—
Corporate		123,159		—		123,159		—		—		—		—		—
Other		5,589		—		5,589		—		—		—		—		—
Other types of investments:
Insurance contracts		—		—		—		—		21,645		—		—		21,645
Other		1,967		1,967		—		—		—		—		—		—
Total investments in the fair value hierarchy	$	229,896	$	60,770	$	169,126	$	—	$	22,173	$	528	$	—	$	21,645

Investments measured at Net Asset Value:
Real estate collective funds		23,109								—
Pooled investment funds		108,068								17,444

Total Investments at Fair Value	$	361,073							$	39,617

Change in Level 3 Fair Value of Plan Assets

The following tables present an analysis of changes during the years ended October 31, 2019 and 2018 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, 2018	$	21,645		$	21,645
Actual return on plan assets:
Assets held, end of year		913			913
Assets sold during the period		—			—
Purchases		2,431			2,431
Sales		(4,102	)		(4,102	)
Foreign currency translation		358			358
Ending balance at October 31, 2019	$	21,245		$	21,245

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Insurance contracts			Total
Beginning balance at October 31, 2017	$	21,037		$	21,037
Actual return on plan assets:
Assets held, end of year		862			862
Assets sold during the period		—			—
Purchases		2,760			2,760
Sales		(2,501	)		(2,501	)
Foreign currency translation		(513	)		(513	)
Ending balance at October 31, 2018	$	21,645		$	21,645

Retiree Pension Benefit Payments

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

Year	United States		International
2020	$	22,543	$	2,277
2021		18,439		3,225
2022		20,173		2,797
2023		21,760		2,852
2024		23,096		3,292
2025-2029		140,195		18,378

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
		2019			2018			2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	72,010		$	75,146		$	512		$	599
Service cost		545			709			16			20
Interest cost		2,984			2,557			19			20
Participant contributions		684			663			—			—
Foreign currency exchange rate change		—			—			(1	)		(11	)
Actuarial (gain) loss		15,101			(4,519	)		(86	)		(110	)
Benefits paid		(2,664	)		(2,546	)		(6	)		(6	)
Benefit obligation at end of year	$	88,660		$	72,010		$	454		$	512
Change in plan assets:
Beginning fair value of plan assets	$	—		$	—		$	—		$	—
Company contributions		1,980			1,883			6			6
Participant contributions		684			663			—			—
Benefits paid		(2,664	)		(2,546	)		(6	)		(6	)
Ending fair value of plan assets	$	—		$	—		$	—		$	—
Funded status at end of year	$	(88,660	)	$	(72,010	)	$	(454	)	$	(512	)
Amounts recognized in financial statements:
Accrued benefit liability	$	(2,740	)	$	(2,360	)	$	(6	)	$	(8	)
Long-term postretirement obligations		(85,920	)		(69,650	)		(448	)		(504	)
Total amount recognized in financial statements	$	(88,660	)	$	(72,010	)	$	(454	)	$	(512	)

	United States						International
		2019			2018			2019			2018
Amounts recognized in accumulated other comprehensive (gain) loss:
Net actuarial (gain) loss	$	28,992		$	14,526		$	(482	)	$	(423	)
Prior service credit		(16	)		(43	)		—			—
Accumulated other comprehensive (gain) loss	$	28,976		$	14,483		$	(482	)	$	(423	)
Amounts expected to be recognized during next fiscal year:
Amortization of net actuarial (gain) loss	$	1,674		$	609		$	(37	)	$	(28	)
Amortization of prior service credit		(16	)		(27	)		—			—
Total	$	1,658		$	582		$	(37	)	$	(28	)

Summary of Accumulated Other Comprehensive Loss

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

	United States						International
		2019			2018			2019			2018
Balance at beginning of year	$	14,483		$	19,982		$	(423	)	$	(342	)
Net (gain) loss arising during the year		15,101			(4,519	)		(86	)		(110	)
Net gain (loss) recognized during the year		(634	)		(1,079	)		28			20
Prior service credit recognized during the year		26			99			—			—
Exchange rate effect during the year		—			—			(1	)		9
Balance at end of year	$	28,976		$	14,483		$	(482	)	$	(423	)

Components of Net Periodic Benefits Cost

Net postretirement benefit costs include the following components:

	United States									International
		2019			2018			2017			2019			2018			2017
Service cost	$	545		$	709		$	722		$	16		$	20		$	20
Interest cost		2,984			2,557			2,337			19			20			20
Amortization of prior service credit		(26	)		(99	)		(164	)		—			—			—
Amortization of net actuarial (gain) loss		634			1,079			874			(28	)		(20	)		(17	)
Total benefit cost	$	4,137		$	4,246		$	3,769		$	7		$	20		$	23

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
	2019			2018			2017			2019			2018			2017
Assumptions used to determine benefit obligations at October 31:
Discount rate		3.27	%		4.56	%		3.86	%		3.03	%		3.88	%		3.52	%
Health care cost trend rate		3.62			3.75			3.70			4.00			6.35			6.50
Rate to which health care cost trend rate is assumed to incline/decline (ultimate trend rate)		3.24			3.27			3.23			4.05			3.50			3.50
Year the rate reaches the ultimate trend rate		2026			2026			2026			2040			2037			2037
Assumption used to determine net benefit costs for the years ended October 31:
Discount rate - benefit obligation		4.56	%		3.86	%		4.03	%		3.88	%		3.52	%		3.40	%
Discount rate - service cost	4.77			4.11				4.48			3.90		3.54			3.56
Discount rate - interest cost	4.18			3.39				3.27			3.80			3.40			3.20

Retiree Pension Benefit Payments

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

Year	United States		International
2020	$	2,747	$	6
2021		2,990		6
2022		3,230		6
2023		3,505		6
2024		3,769		6
2025-2029		21,330		46

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 net postretirement benefit cost components in 2019	$	494	$	(400	)	$	9	$	(7	)
Effect on postretirement obligation as of October 31, 2019	$	11,984	$	(9,800	)	$	108	$	(84	)