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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities    
Net income $ 38.5 $ 76.0
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 30.5 27.7
Deferred income taxes 9.6 9.3
Share-based compensation expense 6.9 8.5
(Recovery of)/Provision for bad debt (0.9) 0.9
Amortization of accumulated other comprehensive gain on interest rate swaps 0.0 (1.4)
Discount accretion on insurance claims 0.1 0.0
Gain on sale of assets (0.2) (0.3)
Income from unconsolidated affiliates (1.1) (0.5)
Changes in operating assets and liabilities    
Trade accounts receivable and costs incurred in excess of amounts billed (51.0) (90.3)
Prepaid expenses and other current assets (18.7) (1.1)
Right-of-use assets 2.1 2.3
Other noncurrent assets 23.7 (1.3)
Trade accounts payable and other accrued liabilities (111.5) (41.8)
Long-term lease liabilities (2.7) (2.1)
Insurance claims 12.5 (17.5)
Income taxes payable (9.4) 4.7
Other noncurrent liabilities 0.7 (66.5)
Total adjustments (109.4) (169.6)
Net cash used in operating activities (70.9) (93.6)
Cash flows from investing activities    
Additions to property, plant and equipment (13.8) (9.6)
Proceeds from sale of assets 1.3 0.2
Investments in equity securities 0.0 (3.0)
Net cash used in investing activities (12.5) (12.4)
Cash flows from financing activities    
Taxes withheld from issuance of share-based compensation awards, net (12.7) (10.0)
Repurchases of common stock 0.0 (13.3)
Dividends paid (14.4) (13.1)
Borrowings from debt 264.5 475.5
Repayment of borrowings from debt (147.6) (356.6)
Changes in book cash overdrafts 6.8 5.9
Financing of energy savings performance contracts 0.4 2.6
Repayment of finance lease obligations (0.8) (0.6)
Net cash provided by financing activities 96.2 90.3
Effect of exchange rate changes on cash and cash equivalents 2.2 (0.6)
Net increase (decrease) in cash and cash equivalent 14.9 (16.2)
Cash and cash equivalents at beginning of year 73.0 62.8
Cash and cash equivalents at end of period $ 87.9 $ 46.6