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Stock Repurchase Program | 9 Months Ended
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Jul. 31, 2023
Stock Repurchase Program [Abstract] |
Stock Repurchase Program | Stock Repurchase Program In September 2022, our Board of Directors approved a replenishment of our stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. In May 2023, we entered into an accelerated stock repurchase agreement (the May 2023 ASR) to repurchase an aggregate of $300.0 million of our common stock. Pursuant to the May 2023 ASR, we made a prepayment of $300.0 million to receive initial deliveries of shares valued at $255.0 million. The remaining balance of $45.0 million was settled in August 2023. Total shares purchased under the May 2023 ASR were approximately 0.7 million shares, at an average purchase price of $436.93 per share. As of July 31, 2023, $494.3 million remained available for future repurchases under the Program. Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes were as follows:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
| 2023(1) (2) |  | 2022(3) |  | 2023(1) |  | 2022(3)
| (in thousands)
Total shares repurchased | 751 |  |  | 715 |  |  | 2,382 |  |  | 2,400 |
Total cost of the repurchased shares | $ | 300,000 |  |  | $ | 217,266 |  |  | $ | 860,724 |  |  | $ | 752,266 |
Reissuance of treasury stock | 625 |  |  | 764 |  |  | 2,132 |  |  | 2,342 |
(1) Excluded the 41,682 shares and $45.0 million equity forward contract from the May 2023 ASR settled in August 2023. (2) Included the 105,792 shares and $45.0 million equity forward contract from the February 2023 ASR settled in May 2023. (3) Excluded the 101,821 shares and $40.0 million equity forward contract from the May 2022 ASR settled in August 2022.

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- Definition Stock Repurchase Program + References No definition available. + Details
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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