Restructuring Charges

9 Months Ended

Jul. 31, 2023

Payables and Accruals [Abstract]

Restructuring Charges

Restructuring Charges

In the first quarter of fiscal 2023, we initiated a restructuring plan for involuntary employee terminations as part of a business reorganization (the 2023 Plan). The 2023 Plan was substantially completed in the third quarter of fiscal 2023 and total charges under the 2023 Plan were $78.4 million consisting primarily of severance costs and facility exit costs.

During the three and nine months ended July 31, 2023, we recorded restructuring charges of $33.4 million and $78.4 million, respectively, and made payments of $12.6 million and $49.4 million, respectively, under the 2023 Plan. As of July 31, 2023, the outstanding restructuring related liabilities were $29.0 million, with $24.3 million recorded in accounts payable and accrued liabilities and $4.7 million recorded in other long term liabilities in the condensed consolidated balance sheets.