XML 55 R34.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stock Plans (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Compensation expense and related income tax benefit for share-based awards | Compensation expense and the related tax benefit recognized in our Consolidated Statements of Income for share-based awards, including the Employee Stock Purchase Plan, were as follows:
October 31, |  |  |
(In millions) | 2022 |  | 2021 |  | 2020
Selling, general and administrative expense | $ | 46.7 |  |  | $ | 38.4 |  |  | $ | 32.2 |
Cost of sales | 4.5 |  |  | 3.9 |  |  | 4.0 |
Research and development expense | 3.0 |  |  | 2.4 |  |  | 2.4 |
Total compensation expense | $ | 54.2 |  |  | $ | 44.7 |  |  | $ | 38.6 |
Related income tax benefit | $ | 5.0 |  |  | $ | 5.6 |  |  | $ | 4.8 |
Assumptions used in estimating fair value of stock options award granted |
Years Ended October 31, | 2022 |  | 2021 |  | 2020
Expected life | 4.1 years |  | 4.0 years |  | 4.4 years
Expected volatility | 25.8 | % |  | 30.3 | % |  | 24.5 | %
Risk-free interest rate | 1.1 | % |  | 0.3 | % |  | 1.6 | %
Dividend yield | 0.02 | % |  | 0.02 | % |  | 0.02 | %
Schedule of stock option plans | The activity and status of our stock option plans are summarized below:
| Number of Shares |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding at October 31, 2021 | 972,692 |  |  | $ | 245.09 |  |  |  |  |
Granted | 122,760 |  |  | $ | 403.44 |  |  |  |  |
Exercised | (26,866) |  |  | $ | 171.87 |  |  |  |  |
Forfeited or expired | (4,743) |  |  | $ | 325.21 |  |  |  |  |
Outstanding at October 31, 2022 | 1,063,843 |  |  | $ | 264.85 |  |  | 5.75 |  |
Vested and expected to vest at October 31, 2022 | 1,038,594 |  |  | $ | 262.91 |  |  | 5.70 |  | $ | 38,806,329 |
Vested and exercisable at October 31, 2022 | 624,512 |  |  | $ | 223.45 |  |  | 4.57 |  | $ | 35,586,767 |
Schedule of non-vested RSUs | The status of our non-vested RSUs is summarized below:
| Number of Shares |  | Weighted- Average Grant Date Fair Value Per Share
Non-vested RSUs at October 31, 2021 | 317,335 |  |  | $ | 293.80 |
Granted | 113,079 |  |  | $ | 399.21 |
Vested and issued | (113,301) |  |  | $ | 271.74 |
Forfeited or expired | (27,875) |  |  | $ | 324.67 |
Non-vested RSUs at October 31, 2022 | 289,238 |  |  | $ | 340.68 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration