Stockholders' Equity

12 Months Ended

Oct. 31, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Equity

10 Stockholders' Equity

Share Repurchase Program

During fiscal 2024 and 2023, the company paid $245.5 million and $60.0 million to repurchase 2,777,534 and 577,115 shares under the share repurchase program, respectively. As of October 31, 2024, 8,171,957 shares remain available for repurchase.

Treasury Shares

Treasury shares generally consist of shares of the company's common stock repurchased under the share repurchase program. The company values treasury shares on an average cost basis. As of October 31, 2024, the company had a total of 26,319,681 treasury shares at a total average cost of $1,968.9 million. As of October 31, 2023, the company had a total of 23,888,294 treasury shares at a total average cost of $1,743.6 million.

Accumulated Other Comprehensive Loss

The components of AOCL, net of tax, within the Consolidated Statements of Stockholders' Equity were as follows (dollars in millions):

As of October 31	2024		2023
Foreign currency translation adjustments	$	33.9	$	41.7
Pension benefits	4.3		4.3
Cash flow derivative instruments	7.8		(9.0)
Total accumulated other comprehensive loss	$	46.0	$	37.0

The components and activity of AOCL, net of tax, were as follows (dollars in millions):

	Foreign Currency Translation Adjustments		Pension Benefits		Cash Flow Derivative Instruments		Total
Balance as of October 31, 2023	$	41.7	$	4.3	$	(9.0)	$	37.0
Other comprehensive (income) loss before reclassifications	(7.8)		—		11.6		3.8
Amounts reclassified from AOCL	—		—		5.2		5.2
Net current period other comprehensive (income) loss	(7.8)		—		16.8		9.0
Balance as of October 31, 2024	$	33.9	$	4.3	$	7.8	$	46.0

	Foreign Currency Translation Adjustments		Pension Benefits		Cash Flow Derivative Instruments		Total
Balance as of October 31, 2022	$	51.3	$	3.6	$	(21.8)	$	33.1
Other comprehensive (income) loss before reclassifications	(9.6)		0.7		(2.5)		(11.4)
Amounts reclassified from AOCL	—		—		15.3		15.3
Net current period other comprehensive (income) loss	(9.6)		0.7		12.8		3.9
Balance as of October 31, 2023	$	41.7	$	4.3	$	(9.0)	$	37.0

For additional information on the components reclassified from AOCL to the respective line items in net earnings for derivative instruments refer to Note 13, Derivative Instruments and Hedging Activities.