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Financial Derivatives and Hedging (Tables) | 6 Months Ended
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Apr. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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 Consolidated Statements of Income and Comprehensive Income:
Periods Ended April 30, |  |  | Three Months |  | Six Months
(In millions) |  |  | 2023 |  | 2022 |  | 2023 |  | 2022
Derivatives designated as cash flow hedges |  | Location of (Gain)/Loss Recognized on Derivatives |  |  |  |  |  |  |
Interest rate swap contracts |  | Interest (income) expense | $ | (9.9) |  |  | $ | 1.4 |  |  | $ | (18.2) |  |  | $ | 3.3 |
Schedule of changes in accumulated other comprehensive income | Analysis of Changes in Accumulated Other Comprehensive Loss:
(In millions) | Foreign Currency Translation Adjustment |  | Minimum Pension Liability |  | Derivative Instruments |  | Total
Balance at October 31, 2021 | $ | (320.3) |  |  | $ | (34.1) |  |  | $ | 13.1 |  |  | $ | (341.3) |
Gross change in value | (145.9) |  |  | — |  |  | 69.6 |  |  | (76.3) |
Tax effect | — |  |  | — |  |  | (16.9) |  |  | (16.9) |
Balance at April 30, 2022 | $ | (466.2) |  |  | $ | (34.1) |  |  | $ | 65.8 |  |  | $ | (434.5) |
Balance at October 31, 2022 | $ | (555.0) |  |  | $ | (6.2) |  |  | $ | 94.4 |  |  | $ | (466.8) |
Gross change in value | 69.5 |  |  | — |  |  | (35.0) |  |  | 34.5 |
Tax effect | — |  |  | — |  |  | 8.5 |  |  | 8.5 |
Balance at April 30, 2023 | $ | (485.5) |  |  | $ | (6.2) |  |  | $ | 67.9 |  |  | $ | (423.8) |
The following table details the changes in the cumulative pre-tax impact of the gain on derivatives designated for hedge accounting:
Periods Ended April 30, |  | Three Months |  | Six Months
(In millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance gain |  | $ | 96.7 |  |  | $ | 34.8 |  |  | $ | 124.5 |  |  | $ | 17.2 |
Amount recognized in accumulated other comprehensive loss on interest rate swap contracts, gross |  | 2.7 |  |  | 50.6 |  |  | (16.8) |  |  | 66.3 |
Amount reclassified from accumulated other comprehensive loss into earnings, gross |  | (9.9) |  |  | 1.4 |  |  | (18.2) |  |  | 3.3 |
Ending balance gain |  | $ | 89.5 |  |  | $ | 86.8 |  |  | $ | 89.5 |  |  | $ | 86.8 |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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