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Segment Data
 12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Segment Data
3Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment determination is based on the manner in which the CODM organizes segments for making operating and investment decisions and assessing performance. In the fourth quarter of fiscal 2025, the company modified the level at which information was being reviewed, including modification to the reporting packages and materials regularly reviewed by the CODM to evaluate the company’s operating results to assess performance and allocate resources. As a result, the company has identified eight operating segments and has aggregated certain of those operating segments into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following
similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. For a summary of our products by market for our Professional and Residential reportable segments, refer to refer to Part I, Item 1, "Business," of this Annual Report on Form 10-K.
The company's remaining activities consists of a wholly-owned domestic distribution company, certain corporate activities, and the elimination of intersegment revenues and expenses. Corporate activities include general corporate expenditures (finance, human resources, legal, information technology, public relations, business development, and similar activities) and other unallocated corporate assets and liabilities, such as corporate facilities, severance and termination benefits, facility exit costs, and deferred tax assets and liabilities. These remaining activities are presented as "Other" due to their insignificance.
Our CODM is the Chairman of the Board and Chief Executive Officer. The CODM predominantly evaluates the performance of our segments using earnings before interest and taxes (“EBIT”). This metric provides our CODM with a comprehensive view of each segment’s profitability, enabling informed decision-making and effective resource allocation. The CODM regularly reviews EBIT to monitor progress against performance targets, focusing on actual-to-plan variances. These assessments help identify trends, compare segment profitability, and determine whether additional resources or strategic adjustments are necessary to achieve guideline goals. Additionally, the significant expense categories regularly reviewed by the CODM include cost of sales, SG&A, non-cash charges, such as impairment, and other income (expense) items. These other items consist of foreign currency gains and losses, interest income and expense, gains and losses from sales of fixed assets, and income and losses from equity method investments and business divestitures.
The accounting policies of the reportable business segments are the same as those described in the summary of significant accounting policies in Note 1, Summary of Significant Accounting Policies and Related Data. The company evaluates the performance of its Professional and Residential reportable business segment results based on EBIT which includes allocated expenses that these operations would have incurred otherwise, but does not include general corporate expenses, interest expense, and income taxes. EBIT for the company's Other activities includes earnings (loss) from a domestic wholly-owned distribution company, certain corporate activities, non-cash impairment charges, other income, and interest expense. The company accounts for intersegment gross sales at current market prices.
The following tables present summarized financial information concerning the company's reportable business segments and Other activities (dollars in millions):
Fiscal Year Ended October 31, 2025ProfessionalResidentialOtherTotal
Net sales to external customers$3,561.0 $858.3 $91.1 $4,510.4 
Intersegment gross sales (eliminations)63.0 0.1 (63.1)— 
     Net sales 3,624.0 858.4 28.0 4,510.4 
Cost of sales2,255.1 698.0 52.5 3,005.6 
Selling, general and administrative expense670.0 125.3 218.5 1,013.8 
Non-cash impairment charge1
— — 81.1 81.1 
Other income, net3.6 0.7 22.5 26.8 
     Earnings (loss) before interest and taxes$702.5 $35.8 $(301.6)$436.7 
Interest expense(59.1)
Provision for income taxes61.5 
Net earnings$316.1 
Fiscal Year Ended October 31, 2024ProfessionalResidentialOtherTotal
Net sales to external customers$3,507.7 $997.9 $78.2 $4,583.8 
Intersegment gross sales (eliminations)49.2 0.4 (49.6)— 
     Net sales 3,556.9 998.3 28.6 4,583.8 
Cost of sales2,236.1 783.7 14.7 3,034.5 
Selling, general and administrative expense692.2 140.7 183.1 1,016.0 
Other income, net10.3 4.5 26.6 41.4 
     Earnings (loss) before interest and taxes$638.9 $78.4 $(142.6)$574.7 
Interest expense(61.9)
Provision for income taxes93.9 
Net earnings$418.9 
Fiscal Year Ended October 31, 2023ProfessionalResidentialOtherTotal
Net sales to external customers$3,628.8 $854.0 $70.4 $4,553.2 
Intersegment gross sales (eliminations)45.8 0.2 (46.0)— 
     Net sales 3,674.6 854.2 24.4 4,553.2 
Cost of sales2,324.7 647.0 3.9 2,975.6 
Selling, general and administrative expense694.1 138.8 162.7 995.6 
Non-cash impairment charges2
— — 151.3 151.3 
Other income, net4.6 0.5 23.4 28.5 
     Earnings (loss) before interest and taxes$660.4 $68.9 $(270.1)$459.2 
Interest expense(58.7)
Provision for income taxes70.8 
Net earnings$329.7 
1 Other activities earnings (loss) before interest and taxes includes an $81.1 million non-cash impairment charge recorded during the third quarter of fiscal 2025 related to the Spartan trade name. For additional information regarding the impairment charge, refer to Note 1, Summary of Significant Accounting Policies and Related Data.
2 Presentation of fiscal 2023 non-cash impairment charges related to the Spartan operating segment has been conformed to the current year presentation within the 'Other' activities. There was no change to consolidated results.
Fiscal Year Ended October 31, 2025ProfessionalResidentialOtherTotal
Total assets$2,503.7 $409.6 $525.5 $3,438.8 
Capital expenditures62.8 7.7 13.2 83.7 
Depreciation and amortization$93.8 $21.6 $27.5 $142.9 
Fiscal Year Ended October 31, 2024ProfessionalResidentialOtherTotal
Total assets$2,673.6 $521.2 $388.0 $3,582.8 
Capital expenditures60.0 14.7 28.8 103.5 
Depreciation and amortization$94.6 $18.0 $15.6 $128.2 
Fiscal Year Ended October 31, 2023ProfessionalResidentialOtherTotal
Total assets$2,679.6 $565.1 $399.6 $3,644.3 
Capital expenditures79.9 45.6 24.0 149.5 
Depreciation and amortization$89.3 $14.9 $15.0 $119.2 
During fiscal 2025, 2024, and 2023, no customers accounted for 10.0 percent or more of total consolidated gross sales.
The following geographic area data includes net sales based on product shipment destination and long-lived assets, which consist of property, plant, and equipment, net and right-of-use assets and is based on physical location (dollars in millions):
Fiscal Years Ended October 31United StatesInternational CountriesTotal
2025   
Net sales$3,632.1 $878.3 $4,510.4 
Long-lived assets$572.6 $157.9 $730.5 
2024   
Net sales$3,660.8 $923.0 $4,583.8 
Long-lived assets1
$582.7 $176.6 $759.3 
2023   
Net sales$3,605.5 $947.7 $4,553.2 
Long-lived assets1
$593.2 $173.8 $767.0 
1 Presentation of fiscal 2024 and fiscal 2023 long-lived assets has been conformed to the current year presentation.