Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Oct. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivatives and consolidated balance sheet location

The following table presents the fair value and location of the company’s derivative instruments on the Consolidated Balance Sheets (in thousands):

Fair Value as of October 31	2022		2021
Derivative assets:
Derivatives designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	$	27,733	$	189
Derivatives not designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	5,523		133
Total derivative assets	$	33,256	$	322
Derivative liabilities:
Derivatives designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	$	—	$	1,260
Derivatives not designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	—		872
Total derivative liabilities	$	—	$	2,132

Schedule of effects of the master netting arrangements on the fair value of the company's derivative contracts that are recorded in the Consolidated Balance Sheets

The following table presents the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded on the Consolidated Balance Sheets (in thousands):

Fair Value as of October 31	2022		2021
Derivative assets:
Forward currency contracts:
Gross amount of derivative assets	$	33,256	$	423
Derivative liabilities offsetting derivative assets	—		101
Net amount of derivative assets	$	33,256	$	322
Derivative liabilities:
Forward currency contracts:
Gross amount of derivative liabilities	$	—	$	4,853
Derivative assets offsetting derivative liabilities	—		2,721
Net amount of derivative liabilities	$	—	$	2,132

Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives designated as cash flow hedging instruments

The following table presents the impact and location of the amounts reclassified from AOCL into net earnings on the Consolidated Statements of Earnings and the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments (in thousands):

	Gain (Loss) Reclassified from AOCL into Income				Gain (Loss) Recognized in OCI on Derivatives
Fiscal Years Ended October 31	2022		2021		2022		2021
Derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Net sales	$	4,562	$	(10,883)	$	21,199	$	2,820
Cost of sales	565		139		3,180		(734)
Total derivatives designated as cash flow hedging instruments	$	5,127	$	(10,744)	$	24,379	$	2,086

The following tables present the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from hedge effectiveness testing (in thousands):

	Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2022	Net Sales		Cost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	4,514,662	$	(3,010,066)
Gain (loss) on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain reclassified from AOCL into earnings	4,562		565
(Loss) gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	(1,132)	$	1,702

	Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2021	Net Sales		Cost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	3,959,584	$	(2,621,092)
(Loss) gain on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of (loss) gain reclassified from AOCL into earnings	(10,883)		139
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	1,427	$	614

Derivatives not designated as hedging instruments

The following table presents the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments (in thousands):

Fiscal Years Ended October 31	2022		2021
Gain (Loss) on derivative instruments not designated as cash flow hedging instruments:
Forward currency contracts:
Other income, net	$	4,242	$	(4,566)
Total gain (loss) on derivatives not designated as cash flow hedging instruments	$	4,242	$	(4,566)