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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of income before income taxes and the income tax provision related to income | The components of income before income taxes and the income tax provision related to income from all operations in our Consolidated Statements of Income consist of:
Years Ended October 31, (In millions) | 2019 |  | 2018 |  | 2017
Income before income taxes: |  |  |  |  |
United States | $ | (32.8 | ) |  | $ | (122.8 | ) |  | $ | 7.8 |
Foreign | 510.2 |  |  | 454.7 |  |  | 386.2 |
| $ | 477.4 |  |  | $ | 331.9 |  |  | $ | 394.0 |
Income tax provision | $ | 10.7 |  |  | $ | 192.0 |  |  | $ | 21.1 |
Schedule of income tax provision (benefit) | The income tax provision (benefit) related to income in our Consolidated Statements of Income consists of:
Years Ended October 31, (In millions) | 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | 9.2 |  |  | $ | 165.6 |  |  | $ | 6.9 |
State | 1.6 |  |  | 0.5 |  |  | 1.8 |
Foreign | 15.8 |  |  | 23.0 |  |  | 19.5 |
| 26.6 |  |  | 189.1 |  |  | 28.2 |
Deferred: |  |  |  |  |
Federal | (8.1 | ) |  | 16.1 |  |  | (3.9 | )
State | (0.9 | ) |  | 1.0 |  |  | 1.4 |
Foreign | (6.9 | ) |  | (14.2 | ) |  | (4.6 | )
| (15.9 | ) |  | 2.9 |  |  | (7.1 | )
Income tax provision | $ | 10.7 |  |  | $ | 192.0 |  |  | $ | 21.1 |
Schedule of reconciliation of provision for income taxes attributable to income from operations and amount computed by applying statutory federal income tax rate to income before income taxes | We reconcile the provision for income taxes attributable to income from operations and the amount computed by applying the statutory federal income tax rate of 21% for 2019, 23.34% for 2018, and 35% for 2017 to income before income taxes as follows:
Years Ended October 31, (In millions) | 2019 |  | 2018 |  | 2017
Computed expected provision for taxes | $ | 100.3 |  |  | $ | 77.5 |  |  | $ | 137.9 |
(Decrease) increase in taxes resulting from: |  |  |  |  |
Income earned outside the United States subject to different tax rates | (85.6 | ) |  | (97.5 | ) |  | (114.6 | )
State taxes, net of federal income tax benefit | 0.4 |  |  | (4.9 | ) |  | 3.9 |
Foreign source income subject to United States tax | 16.1 |  |  | — |  |  | — |
Research and development credit | (0.9 | ) |  | (0.7 | ) |  | (0.7 | )
U.S. tax reform | (5.8 | ) |  | 214.6 |  |  | — |
Incentive stock option compensation and non-deductible employee compensation | (7.8 | ) |  | (11.1 | ) |  | (12.9 | )
Tax accrual adjustment | (4.7 | ) |  | 10.1 |  |  | 5.0 |
Other, net | (1.3 | ) |  | 4.0 |  |  | 2.5 |
Actual provision for income taxes | $ | 10.7 |  |  | $ | 192.0 |  |  | $ | 21.1 |
Schedule of tax effects of temporary differences that give rise to deferred tax assets and liabilities | The tax effects of temporary differences that give rise to the deferred tax assets and liabilities are:
Years Ended October 31, (In millions) | 2019 |  | 2018
Deferred tax assets: |  |  |
Accounts receivable, principally due to allowances for doubtful accounts | $ | 3.6 |  |  | $ | 4.0 |
Inventories | 3.5 |  |  | 3.8 |
Litigation settlements | 0.1 |  |  | 0.2 |
Accrued liabilities, reserves and compensation accruals | 55.1 |  |  | 38.8 |
Foreign deferred tax assets | 52.5 |  |  | 51.8 |
Restricted stock and stock option expenses | 26.1 |  |  | 25.6 |
Net operating loss carryforwards | 8.3 |  |  | 6.7 |
Intangible assets | 11.1 |  |  | 3.1 |
Research and experimental expenses - Section 59(e) | 2.5 |  |  | 2.5 |
Tax credit carryforwards | 1.3 |  |  | 1.3 |
Total gross deferred tax assets | 164.1 |  |  | 137.8 |
Less valuation allowance | (41.5 | ) |  | (39.1 | )
Deferred tax assets | 122.6 |  |  | 98.7 |
Deferred tax liabilities: |  |  |
Tax deductible goodwill | (25.0 | ) |  | (22.4 | )
Plant and equipment | (14.3 | ) |  | (8.2 | )
Deferred tax on foreign earnings | (5.9 | ) |  | (8.9 | )
Transaction costs | (0.7 | ) |  | (0.5 | )
Foreign deferred tax liabilities | (27.6 | ) |  | (31.3 | )
Total gross deferred tax liabilities | (73.5 | ) |  | (71.3 | )
Net deferred tax assets | $ | 49.1 |  |  | $ | 27.4 |
Schedule of aggregated changes in the balance of unrecognized tax benefits | The aggregated changes in the balance of unrecognized tax benefits (UTB) were as follows:
(In millions) |
Balance at October 31, 2017 | $ | 59.9 |
Increase from prior year's UTB's | 4.2 |
Increase from current year's UTB's | 9.4 |
UTB (decrease) from expiration of statute of limitations | (4.6 | )
Balance at October 31, 2018 | 68.9 |
Decrease from prior year's UTB's | (11.8 | )
Increase from current year's UTB's | 8.3 |
UTB (decrease) from tax authorities' settlements | (14.1 | )
UTB (decrease) from expiration of statute of limitations | (1.6 | )
Balance at October 31, 2019 | $ | 49.7 |

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