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Stock Plans (Tables) | 12 Months Ended
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Oct. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Compensation Expense and Related Income Tax Benefit for Share-Based Awards | The compensation expense and related income 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) | 2024 |  | 2023 |  | 2022
Selling, general and administrative expense | $ | 67.6 |  |  | $ | 54.8 |  |  | $ | 46.7 |
Cost of sales | 4.7 |  |  | 4.2 |  |  | 4.5 |
Research and development expense | 2.8 |  |  | 3.1 |  |  | 3.0 |
Total compensation expense | $ | 75.1 |  |  | $ | 62.1 |  |  | $ | 54.2 |
Related income tax benefit | $ | 12.1 |  |  | $ | 5.0 |  |  | $ | 5.0 |
Schedule of Assumptions Used in Estimating Fair Value of Stock Options Award Granted | The fair value of each stock option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions noted in the following table.
Years Ended October 31, | 2024 |  | 2023 |  | 2022
Expected life | 4.9 years |  | 4.5 years |  | 4.1 years
Expected volatility | 29.1 | % |  | 29.5 | % |  | 25.8 | %
Risk-free interest rate | 4.2 | % |  | 3.8 | % |  | 1.1 | %
Dividend yield | — | % |  | 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, 2023 | 4,310,224 |  |  | $ | 69.32 |  |  |  |  |
Granted | 14,220 |  |  | $ | 85.07 |  |  |  |  |
Exercised | (1,028,632) |  |  | $ | 50.53 |  |  |  |  |
Forfeited or expired | (3,344) |  |  | $ | 82.46 |  |  |  |  |
Outstanding at October 31, 2024 | 3,292,468 |  |  | $ | 75.25 |  |  | 5.26 |  | $ | 96,903,913 |
Vested and expected to vest at October 31, 2024 | 3,265,227 |  |  | $ | 75.14 |  |  | 5.24 |  | $ | 96,439,520 |
Vested and exercisable at October 31, 2024 | 2,507,860 |  |  | $ | 71.38 |  |  | 4.74 |  | $ | 83,521,576 |
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, 2023 | 1,160,116 |  |  | $ | 86.26 |
Granted | 678,431 |  |  | $ | 85.97 |
Vested and issued | (436,768) |  |  | $ | 83.80 |
Forfeited or expired | (103,056) |  |  | $ | 86.38 |
Non-vested RSUs at October 31, 2024 | 1,298,723 |  |  | $ | 86.92 |

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- 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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