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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2017
Oct. 31, 2016
Current assets    
Cash and cash equivalents $ 62.8 $ 53.5
Trade accounts receivable, net of allowances of $25.5 and $15.9 at October 31, 2017 and 2016, respectively 1,038.1 803.7
Prepaid expenses 101.8 68.0
Other current assets 32.8 30.0
Assets held for sale 0.0 36.1
Total current assets 1,235.5 991.3
Other investments 17.6 17.4
Property, plant and equipment, net of accumulated depreciation of $136.4 and $163.4 at October 31, 2017 and 2016, respectively 143.1 81.8
Other intangible assets, net of accumulated amortization of $189.1 and $157.0 at October 31, 2017 and 2016, respectively [1] 430.1 103.8
Goodwill 1,864.2 912.8
Deferred income taxes, net 0.0 37.4
Other noncurrent assets 122.1 134.3
Total assets 3,812.6 2,278.8
Current liabilities    
Current portion of long-term debt, net 16.9 0.0
Trade accounts payable 230.8 174.3
Accrued compensation 159.9 130.7
Accrued taxes—other than income 52.5 40.6
Insurance claims 112.5 92.2
Income taxes payable 13.4 6.3
Other accrued liabilities 171.8 135.9
Liabilities held for sale 0.0 16.8
Total current liabilities 757.8 596.8
Long-term debt, net 1,161.3 268.3
Deferred income tax liability, net 57.3 3.5
Noncurrent insurance claims 382.9 331.6
Other noncurrent liabilities 61.3 71.2
Noncurrent income taxes payable 16.3 33.4
Total liabilities 2,436.9 1,304.8
Commitments and contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value; 500,000 shares authorized; none issued 0.0 0.0
Common stock, $0.01 par value; 100,000,000 shares authorized; 65,502,568 and 55,599,322 shares issued and outstanding at October 31, 2017 and 2016, respectively 0.7 0.6
Additional paid-in capital 675.2 248.6
Accumulated other comprehensive loss, net of taxes (20.3) (31.6)
Retained earnings 720.1 756.4
Total stockholders’ equity 1,375.7 974.0
Total liabilities and stockholders’ equity $ 3,812.6 $ 2,278.8
[1] These intangible assets are being amortized over the expected period of benefit, with a weighted average life of approximately 13 years.