XML 23 R8.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:      
Net earnings $ 418.9 $ 329.7 $ 443.3
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Non-cash income from finance affiliate (20.8) (19.2) (8.8)
Distributions from (contributions to) finance affiliate, net 22.2 7.9 (9.9)
Depreciation of property, plant, and equipment 93.7 83.5 74.9
Amortization of other intangible assets 34.5 35.7 33.9
Stock-based compensation expense 23.0 19.4 22.1
Deferred income taxes (27.9) (47.9) (12.3)
Non-cash impairment charges 0.0 151.3 0.0
Other (2.9) (0.2) (0.1)
Changes in operating assets and liabilities, net of the effect of acquisitions:      
Receivables, net (53.1) (71.6) (19.3)
Inventories, net 27.5 (26.7) (285.9)
Other assets 19.9 17.8 (30.2)
Accounts payable 24.3 (149.9) 66.3
Other liabilities 10.6 (23.0) 23.2
Net cash provided by operating activities 569.9 306.8 297.2
Cash flows from investing activities:      
Purchases of property, plant and equipment (103.5) (149.5) (143.5)
Proceeds from insurance claim 4.3 7.1 0.0
Business combinations, net of cash acquired 0.0 (21.0) (402.4)
Asset acquisitions (0.8) 0.0 (7.2)
Proceeds from asset disposals 0.3 0.4 0.2
Proceeds from divestitures 40.0 5.3 4.6
Net cash used in investing activities (59.7) (157.7) (548.3)
Cash flows from financing activities:      
Net (repayments) borrowings under the revolving credit facility (40.0) 40.0 0.0
Long-term debt borrowings 0.0 0.0 300.0
Long-term debt repayments (70.0) 0.0 0.0
Proceeds from exercise of stock options 9.1 19.7 10.3
Payments of withholding taxes for stock awards (3.9) (3.8) (2.4)
Purchases of TTC common stock (245.5) (60.0) (140.0)
Dividends paid on TTC common stock (149.5) (141.9) (125.7)
Other (5.3) (1.5) 0.0
Net cash (used in) provided by financing activities (505.1) (147.5) 42.2
Effect of exchange rates on cash and cash equivalents 1.3 3.3 (8.5)
Net increase (decrease) in cash and cash equivalents 6.4 4.9 (217.4)
Cash and cash equivalents as of the beginning of the fiscal period 193.1 188.2 405.6
Cash and cash equivalents as of the end of the fiscal period 199.5 193.1 188.2
Cash paid during the fiscal year for:      
Interest 63.0 61.1 30.5
Income taxes $ 91.7 $ 165.2 $ 120.5