XML 63 R43.htm IDEA: XBRL DOCUMENT
v3.21.1

Debt - Narrative (Details) - USD ($) |  |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Oct. 16, 2020 | Apr. 01, 2020 | Apr. 30, 2021 | Apr. 30, 2021 | Oct. 31, 2020
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Short-term debt |  |  | $ 412,600,000 | $ 412,600,000 | $ 409,300,000
Term loan |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Short-term debt |  |  | 350,000,000.0 | 350,000,000.0 | $ 350,000,000.0
Term Loan Agreement 2020 | Term loan |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt term | 364 days |  |  |  |
Debt instrument, face amount | $ 350,000,000.0 |  | 350,000,000.0 | 350,000,000.0 |
Short-term debt |  |  | $ 350,000,000.0 | $ 350,000,000.0 |
Interest rate |  |  | 0.92% | 0.92% |
Term Loan Agreement 2020 | Term loan | Base Rate |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate | 0.00% |  |  |  |
Term Loan Agreement 2020 | Term loan | London Interbank Offered Rate (LIBOR) |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate | 0.80% |  |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility And Term Loan Facility 2020 |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Potential additional borrowing capacity |  | $ 1,605,000,000 |  |  |
Required minimum interest coverage ratio |  | 3.00 |  |  |
Required maximum total leverage ratio |  | 3.75 |  |  |
Interest coverage ratio |  |  | 36.81 | 36.81 |
Total leverage ratio |  |  | 1.78 | 1.78 |
Interest coverage ratio and total leverage ratio, expected minimum compliance period |  |  |  | 12 months |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility And Term Loan Facility 2020 | Base Rate | Minimum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility And Term Loan Facility 2020 | Base Rate | Maximum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 0.50% |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility And Term Loan Facility 2020 | London Interbank Offered Rate (LIBOR) | Minimum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 0.75% |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility And Term Loan Facility 2020 | London Interbank Offered Rate (LIBOR) | Maximum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 1.50% |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Aggregate principal amount |  | $ 1,290,000,000 | $ 1,290,000,000.0 | $ 1,290,000,000.0 |
Proceeds from line of credit |  | $ 445,000,000.0 |  |  |
Debt outstanding |  |  | 475,000,000.0 | 475,000,000.0 |
Available borrowing capacity |  |  | 813,600,000 | 813,600,000 |
Outstanding letters of credit |  |  | 1,400,000 | 1,400,000 |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility | Minimum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Commitment fee percentage |  | 0.10% |  |  |
Credit Agreement 2020 | Line of Credit | Revolving Credit Facility | Maximum |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Commitment fee percentage |  | 0.20% |  |  |
Credit Agreement 2020 | Line of Credit | 2020 Term Loan Facility |  |  |  |  |
Schedule of Long Term And Short Term Debt Instruments [Line Items] |  |  |  |  |
Aggregate principal amount |  | $ 850,000,000.0 | 850,000,000.0 | 850,000,000.0 |
Proceeds from line of credit |  | $ 850,000,000.0 |  |  |
Debt outstanding |  |  | $ 850,000,000.0 | $ 850,000,000.0 |
Interest rate |  |  | 1.12% | 1.12% |
Expensed debt issuance costs (less than) |  |  | $ 100,000 | $ 100,000 |

X
- Definition Debt Instrument, Covenant, Interest Coverage Ratio + References No definition available. + Details
Name: | coo_DebtInstrumentCovenantInterestCoverageRatio
Namespace Prefix: | coo_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Interest Coverage Ratio And Total Leverage Ratio, Minimum Compliance Period + References No definition available. + Details
Name: | coo_DebtInstrumentCovenantInterestCoverageRatioAndTotalLeverageRatioMinimumCompliancePeriod
Namespace Prefix: | coo_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Interest Coverage Ratio, Minimum + References No definition available. + Details
Name: | coo_DebtInstrumentCovenantInterestCoverageRatioMinimum
Namespace Prefix: | coo_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Total Leverage Ratio + References No definition available. + Details
Name: | coo_DebtInstrumentCovenantTotalLeverageRatio
Namespace Prefix: | coo_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Total Leverage Ratio, Maximum + References No definition available. + Details
Name: | coo_DebtInstrumentCovenantTotalLeverageRatioMaximum
Namespace Prefix: | coo_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Accordion Feature, Increase Limit + References No definition available. + Details
Name: | coo_LineOfCreditFacilityAccordionFeatureIncreaseLimit
Namespace Prefix: | coo_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition [Line Items] for Schedule of Long Term And Short Term Debt Instruments [Table] + References No definition available. + Details
Name: | coo_ScheduleofLongTermAndShortTermDebtInstrumentsLineItems
Namespace Prefix: | coo_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of amortization expense attributable to debt issuance costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28555-108399 + Details
Name: | us-gaap_AmortizationOfFinancingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The effective interest rate at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=99376301&loc=d3e1336-112600 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=99376301&loc=d3e1314-112600 + Details
Name: | us-gaap_LongTermLineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromLongTermLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=coo_TermLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=coo_TermLoanAgreement2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=coo_CreditAgreement2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=coo_RevolvingCreditFacilityAndTermLoanFacility2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=coo_TermLoanFacility2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |