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Goodwill and Other Intangible Assets, Net (Tables)
6 Months Ended
May 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill by reportable segment for the first six months of fiscal 2024 were as follows:
(Dollars in millions)ProfessionalResidentialOtherTotal
Balance as of October 31, 2023$440.5 $10.3 $— $450.8 
Divestitures(0.3)— — (0.3)
Translation adjustments0.1 0.1 — 0.2 
Balance as of May 3, 2024$440.3 $10.4 $— $450.7 
Schedule of Finite-Lived Intangible Assets
The components of other intangible assets, net as of May 3, 2024, May 5, 2023, and October 31, 2023 were as follows (dollars in millions):
May 3, 2024Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(16.4)$1.8 
Customer-related15.8327.6 (118.7)208.9 
Developed technology7.1102.1 (67.9)34.2 
Trade names13.710.7 (4.4)6.3 
Total finite-lived13.6458.6 (207.4)251.2 
Indefinite-lived - trade names271.5 — 271.5 
Total other intangible assets, net$730.1 $(207.4)$522.7 
May 5, 2023Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(15.7)$2.5 
Non-compete agreements5.56.9 (6.9)— 
Customer-related16.0321.4 (95.8)225.6 
Developed technology7.1102.1 (58.4)43.7 
Trade names13.710.8 (3.8)7.0 
Backlog and other0.65.7 (5.7)— 
Total finite-lived13.4465.1 (186.3)278.8 
Indefinite-lived - trade names289.6 — 289.6 
Total other intangible assets, net$754.7 $(186.3)$568.4 
October 31, 2023Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(16.0)$2.2 
Non-compete agreements5.56.9 (6.9)— 
Customer-related15.8327.5 (106.7)220.8 
Developed technology7.1102.0 (63.1)38.9 
Trade names13.710.7 (4.0)6.7 
Backlog and other0.65.7 (5.7)— 
Total finite-lived13.3471.0 (202.4)268.6 
Indefinite-lived - trade names271.5 — 271.5 
Total other intangible assets, net$742.5 $(202.4)$540.1 
Schedule of Indefinite-Lived Intangible Assets
The components of other intangible assets, net as of May 3, 2024, May 5, 2023, and October 31, 2023 were as follows (dollars in millions):
May 3, 2024Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(16.4)$1.8 
Customer-related15.8327.6 (118.7)208.9 
Developed technology7.1102.1 (67.9)34.2 
Trade names13.710.7 (4.4)6.3 
Total finite-lived13.6458.6 (207.4)251.2 
Indefinite-lived - trade names271.5 — 271.5 
Total other intangible assets, net$730.1 $(207.4)$522.7 
May 5, 2023Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(15.7)$2.5 
Non-compete agreements5.56.9 (6.9)— 
Customer-related16.0321.4 (95.8)225.6 
Developed technology7.1102.1 (58.4)43.7 
Trade names13.710.8 (3.8)7.0 
Backlog and other0.65.7 (5.7)— 
Total finite-lived13.4465.1 (186.3)278.8 
Indefinite-lived - trade names289.6 — 289.6 
Total other intangible assets, net$754.7 $(186.3)$568.4 
October 31, 2023Weighted-Average Useful Life in YearsGross Carrying AmountAccumulated AmortizationNet
Patents9.9$18.2 $(16.0)$2.2 
Non-compete agreements5.56.9 (6.9)— 
Customer-related15.8327.5 (106.7)220.8 
Developed technology7.1102.0 (63.1)38.9 
Trade names13.710.7 (4.0)6.7 
Backlog and other0.65.7 (5.7)— 
Total finite-lived13.3471.0 (202.4)268.6 
Indefinite-lived - trade names271.5 — 271.5 
Total other intangible assets, net$742.5 $(202.4)$540.1 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense As of May 3, 2024, estimated amortization expense for the remainder of fiscal 2024 and succeeding fiscal years is as follows:
(Dollars in millions)May 3, 2024
2024 (remaining)$17.1 
202531.7 
202630.5 
202725.6 
202822.3 
202920.4 
Thereafter103.6 
Total estimated amortization expense$251.2