ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Oct. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the preliminary acquisition accounting based on currently available information:

(in millions)
Cash and cash equivalents	$	29.0
Trade accounts receivable	16.5
Other assets	3.9
Intangible assets	16.5
Goodwill	207.5
Trade accounts payable	(5.2)
Deferred revenue	(31.6)
Other accrued liabilities	(3.2)
Deferred income tax liability, net	(4.4)
Net assets acquired	$	229.0

The following table summarizes the preliminary acquisition accounting on the date of acquisition as previously reported at October 31, 2021, and the final acquisition accounting.

(in millions)	Preliminary Acquisition Accounting		Adjustments		Final Acquisition Accounting
Cash and cash equivalents	$	31.5	$	—	$	31.5
Trade accounts receivable(1)	159.3		(1.4)		157.9
Other assets	24.9		(5.7)		19.2
Customer relationships(2)	220.0		—		220.0
Trade names(2)	10.0		—		10.0
Goodwill(3)	554.0		20.2		574.2
Trade accounts payable	(27.0)		(7.6)		(34.6)
Accrued compensation	(38.2)		(2.4)		(40.6)
Insurance claims	(91.6)		13.8		(77.8)
Other liabilities	(41.7)		(17.0)		(58.7)
Deferred income tax liability, net	(59.5)		6.0		(53.5)
Net assets acquired	$	741.7	$	5.9	$	747.6

(1) The gross amount of trade accounts receivable was $160.3 million, of which $2.5 million was deemed uncollectible.

(2) The amortization periods for the acquired intangible assets are 15 years for customer relationships and 2 years for trade names.

(3) Goodwill is largely attributable to value we expect to obtain from long-term business growth, the established workforce, and buyer-specific synergies. This goodwill is not deductible for income tax purposes.

Schedule of Pro Forma Financial Information

These unaudited pro forma results do not reflect the cost of integration activities or benefits from expected revenue enhancements and synergies.

	Years Ended October 31,
(in millions)	2021		2020
Pro forma revenue	$	7,223.2	$	7,078.2
Pro forma income (loss) from continuing operations(1)	139.1		(7.9)

(1) These results were adjusted to exclude $17.3 million of acquisition-related costs incurred during 2021, which are included in selling, general and administrative expenses in the accompanying Consolidated Statements of Comprehensive Income (Loss).