Goodwill and Other Intangibles Assets

12 Months Ended

Oct. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill



(in millions)	Janitorial			Facility Services		Parking		Building & Energy Solutions			Other			Total
Balance at November 1, 2014	$	488.4		$	72.6	$	69.2	$	137.4		$	87.1		$	854.7
Acquisitions	4.0			—		—		8.7			—			12.7
Foreign currency translation and other	(0.5		)	—		—		0.3			0.3			0.1
Balance at November 1, 2015	$	491.9		$	72.6	$	69.2	$	146.4		$	87.4		$	867.5
Acquisitions⁽¹⁾	10.1			—		—		53.7			1.0			64.8
Foreign currency translation and other	(2.9		)	—		—		(10.1		)	(0.6		)	(13.6		)
Government Services impairment loss	—			—		—		(6.0		)	—			(6.0		)
Balance at October 31, 2016	$	499.0		$	72.6	$	69.2	$	184.0		$	87.9		$	912.8

⁽¹⁾During 2016, goodwill primarily increased as a result of the acquisitions of Westway and 8 Solutions. See Note 6, “Acquisitions,” for additional information.

Components of Goodwill Balance at October 31, 2016



(in millions)	Janitorial		Facility Services		Parking		Building & Energy Solutions			Other		Total
Gross balance	$	499.0	$	72.6	$	69.2	$	190.0		$	87.9	$	918.8
Accumulated impairment charges	—		—		—		(6.0		)	—		(6.0		)
Net balance at October 31, 2016	$	499.0	$	72.6	$	69.2	$	184.0		$	87.9	$	912.8

Other Intangible Assets



	October 31, 2016							October 31, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization			Total		Gross Carrying Amount		Accumulated Amortization			Total
Customer contracts and relationships	$	258.6	$	(155.1	)	$	103.5	$	255.2	$	(144.3	)	$	110.9
Trademarks and trade names	1.8		(1.5		)	0.2		3.9		(3.5		)	0.4
Contract rights and other	0.5		(0.4		)	0.1		1.7		(1.6		)	0.1
Total⁽¹⁾	$	260.9	$	(157.0	)	$	103.8	$	260.8	$	(149.4	)	$	111.4

⁽¹⁾ These intangible assets are being amortized over the expected period of benefit, with a weighted average life of approximately 13 years.

Estimated Annual Amortization Expense For Each of the Next Five Years



(in millions)	2017		2018		2019		2020		2021
Estimated amortization expense⁽¹⁾	$	22.8	$	19.8	$	16.8	$	13.8	$	10.9

⁽¹⁾ These amounts will vary as acquisitions of additional intangible assets occur in the future and as purchase price allocations are finalized for existing acquisitions.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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