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Segment Data
 3 Months Ended
Jan. 30, 2026
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 Chief Operating Decision Maker "CODM" organizes segments for making operating and investment decisions and assessing performance. 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 the company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025.
The company's remaining activities consist 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, sales, general and administrative expense, 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 of the company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025. 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):
Three Months Ended January 30, 2026ProfessionalResidentialOtherTotal
Net sales from external customers$809.4 $206.0 $20.9 $1,036.3 
Intersegment gross sales (eliminations)14.6 — (14.6)— 
Net sales824.0 206.0 6.3 1,036.3 
Cost of sales520.9 165.4 13.5 699.8 
Selling, general and administrative expense166.0 27.8 55.6 249.4 
Other income, net0.6 0.3 13.1 14.0 
Earnings (loss) before interest and taxes$137.6 $13.2 $(49.7)$101.1 
Interest expense(14.2)
Provision for income taxes19.0 
Net earnings$67.9 
Three Months Ended January 31, 2025ProfessionalResidentialOtherTotal
Net sales from external customers$754.3 $221.0 $19.7 $995.0 
Intersegment gross sales (eliminations)14.5 — (14.5)— 
Net sales768.8 221.0 5.2 995.0 
Cost of sales481.0 171.1 7.3 659.4 
Selling, general and administrative expense161.2 32.8 63.8 257.8 
Other income, net0.6 0.1 2.6 3.3 
Earnings (loss) before interest and taxes$127.2 $17.2 $(63.3)$81.1 
Interest expense(15.0)
Provision for income taxes13.3 
Net earnings$52.8 
Three Months Ended January 30, 2026ProfessionalResidentialOtherTotal
Total assets$2,814.4 $502.1 $386.0 $3,702.5 
Depreciation and amortization$25.2 $4.2 $4.8 $34.2 
Three Months Ended January 31, 2025ProfessionalResidentialOtherTotal
Total assets$2,691.5 $569.6 $435.6 $3,696.7 
Depreciation and amortization$22.9 $4.7 $4.5 $32.1