XML 51 R28.htm IDEA: XBRL DOCUMENT
v3.23.3

Intangible Assets (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill |
(In millions) | CooperVision |  | CooperSurgical |  | Total
Balance at October 31, 2022 | $ | 1,710.3 |  |  | $ | 1,899.4 |  |  | $ | 3,609.7 |
Net changes | 7.7 |  |  | (3.6) |  |  | 4.1 |
Foreign currency translation adjustment | 29.6 |  |  | (18.9) |  |  | 10.7 |
Balance at October 31, 2023 | $ | 1,747.6 |  |  | $ | 1,876.9 |  |  | $ | 3,624.5 |
Schedule of finite-lived intangible assets | Other Intangible Assets
| October 31, 2023 |  | October 31, 2022 |  |
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted-average Amortization Period (in years)
Intangible assets with definite lives: |  |  |  |  |  |  |  |  |
Trademarks | $ | 208.9 |  |  | $ | 81.1 |  |  | $ | 209.6 |  |  | $ | 62.4 |  |  | 15
Composite intangible asset | 1,061.9 |  |  | 424.8 |  |  | 1,061.9 |  |  | 354.0 |  |  | 15
Technology | 494.5 |  |  | 335.4 |  |  | 504.1 |  |  | 317.5 |  |  | 13
Customer relationships | 1,099.2 |  |  | 345.8 |  |  | 1,092.7 |  |  | 287.0 |  |  | 19
License and distribution rights and other | 51.6 |  |  | 28.0 |  |  | 50.7 |  |  | 23.8 |  |  | 11
| 2,916.1 |  |  | $ | 1,215.1 |  |  | 2,919.0 |  |  | $ | 1,044.7 |  |  | 16
Less: accumulated amortization and translation | 1,215.1 |  |  |  |  | 1,044.7 |  |  |  |  |
Intangible assets with definite lives, net | $ | 1,701.0 |  |  |  |  | $ | 1,874.3 |  |  |  |  |
Intangible assets with indefinite lives, net (1) | 9.3 |  |  |  |  | 10.8 |  |  |  |  |
Total other intangibles, net | $ | 1,710.3 |  |  |  |  | $ | 1,885.1 |  |  |  |  |
(1) Intangible assets with indefinite lives include technology and trademarks.
Schedule of indefinite-lived intangible assets | Other Intangible Assets
| October 31, 2023 |  | October 31, 2022 |  |
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted-average Amortization Period (in years)
Intangible assets with definite lives: |  |  |  |  |  |  |  |  |
Trademarks | $ | 208.9 |  |  | $ | 81.1 |  |  | $ | 209.6 |  |  | $ | 62.4 |  |  | 15
Composite intangible asset | 1,061.9 |  |  | 424.8 |  |  | 1,061.9 |  |  | 354.0 |  |  | 15
Technology | 494.5 |  |  | 335.4 |  |  | 504.1 |  |  | 317.5 |  |  | 13
Customer relationships | 1,099.2 |  |  | 345.8 |  |  | 1,092.7 |  |  | 287.0 |  |  | 19
License and distribution rights and other | 51.6 |  |  | 28.0 |  |  | 50.7 |  |  | 23.8 |  |  | 11
| 2,916.1 |  |  | $ | 1,215.1 |  |  | 2,919.0 |  |  | $ | 1,044.7 |  |  | 16
Less: accumulated amortization and translation | 1,215.1 |  |  |  |  | 1,044.7 |  |  |  |  |
Intangible assets with definite lives, net | $ | 1,701.0 |  |  |  |  | $ | 1,874.3 |  |  |  |  |
Intangible assets with indefinite lives, net (1) | 9.3 |  |  |  |  | 10.8 |  |  |  |  |
Total other intangibles, net | $ | 1,710.3 |  |  |  |  | $ | 1,885.1 |  |  |  |  |
(1) Intangible assets with indefinite lives include technology and trademarks.
Remaining amortization expenses for intangible assets with definite lives | As of October 31, 2023, the estimate of future amortization expenses for intangible assets with definite lives is as follows:
Fiscal years: | (In millions)
2024 | $ | 179.5 |
2025 | 169.5 |
2026 | 162.0 |
2027 | 147.7 |
2028 | 143.2 |
Thereafter | 899.1 |
Total remaining amortization for intangible assets with definite lives | $ | 1,701.0 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b),(d) -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-3 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration