DEBT (Tables)

12 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Schedule of Components of Debt

Components of Debt

	As of October 31,
(in millions)	2023		2022
Current portion of long-term debt
Gross term loan	$	32.5	$	32.5
Unamortized deferred financing costs	(1.0)		(1.0)
Current portion of term loan	$	31.5	$	31.5
Receivables facility	—		150.0
Current portion of debt	$	31.5	$	181.5
Long-term debt
Gross term loan	$	536.3	$	568.8
Unamortized deferred financing costs	(1.5)		(2.4)
Total noncurrent portion of term loan	534.8		566.3
Revolving line of credit(1)(2)	745.0		520.0
Long-term debt	$	1,279.8	$	1,086.3

(1) Standby letters of credit amounted to $58.2 million at October 31, 2023.

(2) At October 31, 2023, we had borrowing capacity of $483.0 million.

Schedule of Long-Term Loan Maturities

As of October 31, 2023, the following principal payments are required under the term loan.

(in millions)	2024		2025		2026		2027		2028
Debt maturities	$	32.5	$	32.5	$	1,248.8	$	—	$	—

Schedule of Interest Rate Swap

Notional Amount	Fixed Interest Rate	Effective Date	Maturity Date
$ 100.0 million	1.72%	February 9, 2022	June 28, 2026
$ 150.0 million	1.85%	February 25, 2022	June 28, 2026
$ 100.0 million	2.88%	May 4, 2022	June 28, 2026
$ 218.8 million(1)	2.83%	July 7, 2022	June 28, 2026
$ 81.3 million(1)	2.79%	July 18, 2022	June 28, 2026
$ 170.0 million	3.81%	November 1, 2022	June 28, 2026

(1) In July 2022, we entered into interest rate swap agreements with notional values totaling $300.0 million at inception. The notional amount reduces to $250.0 million in April 2024, $175.0 million in October 2024, and $100.0 million in October 2025 before maturing on June 28, 2026.