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Financial Derivatives and Hedging (Tables) | 9 Months Ended
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Jul. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of outstanding derivatives designated as hedging instruments | As of July 31, 2020, the Company had the following outstanding derivatives designated as hedging instruments:
(In millions, except for number of instruments) | Number of Instruments |  | Notional Value
Interest Rate Swap Contracts | 6 |  |  | $ | 1,500 |
Schedule of fair values of derivative instruments in condensed consolidated balance sheets | The following table summarizes the fair values of derivative instruments as of the periods indicated and the line items in the accompanying condensed consolidated balance sheets where the instruments are recorded:
|  | Derivative Liabilities
(In millions) |  |  |  | July 31, 2020 |  | July 31, 2019
Derivatives designated as cash flow hedges |  | Balance sheet location |  |  |  |
Interest rate swap contracts |  | Other current liabilities |  | $ | 0.7 |  |  | $ | — |
Interest rate swap contracts |  | Other non-current liabilities |  | 23.1 |  |  | — |
|  |  |  | $ | 23.8 |  |  | $ | — |
Schedule of derivative instruments recognized in condensed consolidated statements of income | The following table summarizes the amounts recognized with respect to our derivative instruments within the accompanying condensed consolidated statements of income:
Periods Ended July 31, |  |  | Three Months |  | Nine Months
(In millions) |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
Derivatives designated as cash flow hedges |  | Location of Loss Recognized on Derivatives |  |  |  |  |  |  |
Interest rate swap contracts |  | Interest expense | $ | 1.8 |  |  | $ | — |  |  | $ | 1.6 |  |  | $ | — |
Schedule of changes in accumulated other comprehensive income | Analysis of Changes in Accumulated Other Comprehensive (Loss) Income:
(In millions) | Foreign Currency Translation Adjustment |  | Minimum Pension Liability |  | Derivative Instruments |  | Total
Balance at October 31, 2018 | $ | (412.2 | ) |  | $ | (18.5 | ) |  | $ | — |  |  | $ | (430.7 | )
Gross change in value | 9.0 |  |  | (33.4 | ) |  | — |  |  | (24.4 | )
Tax effect for the period | — |  |  | 8.0 |  |  | — |  |  | 8.0 |
Balance at October 31, 2019 | $ | (403.2 | ) |  | $ | (43.9 | ) |  | $ | — |  |  | $ | (447.1 | )
Gross change in value | 20.5 |  |  | — |  |  | (23.8 | ) |  | (3.3 | )
Tax effect for the period | — |  |  | — |  |  | 5.7 |  |  | 5.7 |
Balance at July 31, 2020 | $ | (382.7 | ) |  | $ | (43.9 | ) |  | $ | (18.1 | ) |  | $ | (444.7 | )
The following table details the changes in accumulated other comprehensive income:
(In millions) |  | Amount
Beginning balance gain / (loss) as of October 31, 2019 |  | $ | — |
Amount recognized in other comprehensive income on interest rate swap contracts, gross |  | (25.4 | )
Amount reclassified from other comprehensive income into earnings, gross |  | 1.6 |
Ending balance gain / (loss) as of July 31, 2020 |  | $ | (23.8 | )

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