Goodwill and Other Intangible Assets, Net

3 Months Ended

Jan. 30, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

5 Goodwill and Other Intangible Assets, Net

The company's acquisition of Tornado Infrastructure Equipment on December 8, 2025 resulted in the recognition of $137.6 million and $63.8 million of preliminary goodwill and other intangible assets, respectively. For additional information on the company's acquisition of Tornado Infrastructure Equipment, refer to Note 2, Acquisitions and Divestitures.

Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first three months of fiscal 2026 were as follows:

(Dollars in millions)	Professional		Residential		Other		Total
Balance as of October 31, 2025	$	440.9	$	10.0	$	—	$	450.9
Goodwill acquired	137.6		—		—		137.6
Translation adjustments	3.6		—		—		3.6
Balance as of January 30, 2026	$	582.1	$	10.0	$	—	$	592.1

Other Intangible Assets, Net

The components of other intangible assets, net as of January 30, 2026, January 31, 2025, and October 31, 2025 were as follows (dollars in millions):

January 30, 2026	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.5	$	10.1	$	(9.4)	$	0.7
Customer-related	15.2	350.4		(153.0)		197.4
Developed technology	7.2	117.2		(86.2)		31.0
Trade names	12.8	9.6		(7.0)		2.6
Backlog and other	0.5	5.0		(1.7)		3.3
Total finite-lived	13.0	492.3		(257.3)		235.0
Indefinite-lived - trade names		210.7				210.7
Total other intangible assets, net		$	703.0	$	(257.3)	$	445.7

January 31, 2025	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.9	$	18.2	$	(16.9)	$	1.3
Customer-related	16.0	319.8		(133.2)		186.6
Developed technology	7.1	102.8		(75.3)		27.5
Trade names	13.7	10.7		(7.0)		3.7
Total finite-lived	13.7	451.5		(232.4)		219.1
Indefinite-lived - trade names		271.5		—		271.5
Total other intangible assets, net		$	723.0	$	(232.4)	$	490.6

October 31, 2025	Weighted-Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net
Patents	9.5	$	10.1	$	(9.3)	$	0.8
Customer-related	16.0	320.0		(147.6)		172.4
Developed technology	7.0	107.1		(83.3)		23.8
Trade names	12.9	9.6		(6.9)		2.7
Total finite-lived	13.6	446.8		(247.1)		199.7
Indefinite-lived - trade names		190.6		—		190.6
Total other intangible assets, net		$	637.4	$	(247.1)	$	390.3

Amortization expense for finite-lived intangible assets for the three months ended January 30, 2026 and January 31, 2025 were $10.0 million and $7.9 million, respectively. As of January 30, 2026, estimated amortization expense for the remainder of fiscal 2026 and succeeding fiscal years is as follows:

(Dollars in millions)	January 30, 2026
2026 (remaining)	$	29.6
2027	30.0
2028	27.3
2029	26.2
2030	24.9
2031	24.7
Thereafter	72.3
Total estimated amortization expense	$	235.0