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Long-Term Debt | 12 Months Ended
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Oct. 31, 2016
Debt Disclosure [Abstract] |
Long-Term Debt | Note 10 — Long-term debt A summary of long-term debt is as follows:
|  | 2016 |  |  | 2015 |
Revolving credit agreement, due 2020 |  | $ | 244,680 |  |  | $ | 457,025 |
Senior notes, due 2017-2025 |  |  | 200,000 |  |  |  | 200,000 |
Senior notes, due 2019-2027 |  |  | 100,000 |  |  |  | 100,000 |
Term loan, due 2018-2020 |  |  | 200,000 |  |  |  | 200,000 |
Euro loan, due 2019 |  |  | 79,389 |  |  |  | 77,042 |
Euro loan, due 2016 |  |  | — |  |  |  | 11,501 |
Private shelf facility, due 2017-2026 |  |  | 157,222 |  |  |  | 67,778 |
Development loans, due 2017-2026 |  |  | 1,344 |  |  |  | 1,467 |
Other |  |  | 11 |  |  |  | 672 |
|  |  | 982,646 |  |  |  | 1,115,485 |
Less current maturities |  |  | 38,093 |  |  |  | 22,842 |
Long-term maturities |  | $ | 944,553 |  |  | $ | 1,092,643 |
Revolving credit agreement — This $600,000 unsecured multi-currency revolving credit agreement is with a group of banks and expires in February 2020. Payment of quarterly fees is required. The interest rate is variable based upon the LIBOR rate. The weighted average interest rate for borrowings under this agreement was 1.53 percent at October 31, 2016. Senior notes, due 2017-2025 — These fixed-rate notes entered into in 2012 with a group of insurance companies had a remaining weighted-average life of 4.51 years. The weighted-average interest rate at October 31, 2016 was 2.93 percent. Senior notes, due 2019-2027 — These fixed-rate notes entered into in 2015 with a group of insurance companies had a remaining weighted-average life of 7.24 years. The weighted-average interest rate at October 31, 2016 was 3.04 percent. Term loan, due 2018-2020 — In 2015, we entered into a $200,000 term loan facility with a group of banks. The interest rate is variable based upon the LIBOR rate. $100,000 is due in three years with a weighted-average interest rate of 1.53 percent and $100,000 is due in five years with a weighted-average interest rate of 1.63 percent. Euro loan, due 2019 — This Euro denominated loan was entered into in 2015 with Bank of America Merrill Lynch International Limited. It can be extended by one year at the end of the third and fourth anniversaries. The loan was amended in 2016 to extend the term by one year and increase the principal amount. The interest rate is variable based upon the EUR LIBOR rate. The weighted average interest rate at October 31, 2016 was 1.00 percent. Euro loan, due 2016 — This Euro denominated loan was entered into in 2013 with The Bank of Tokyo-Mitsubishi UFJ, Ltd. It could be extended by one year at the end of the third and fourth anniversaries. The interest rate was variable based upon the EUR LIBOR rate. We paid down the remaining balance of the loan in 2016. Private shelf facility — In 2011, we entered into a $150,000 three-year Private Shelf Note agreement with New York Life Investment Management LLC (NYLIM). The amount of the facility was increased to $180,000 in 2015, and then increased to $200,000 in 2016. Borrowings under the agreement may be up to 12 years and are unsecured. The interest rate on each borrowing is fixed based upon the market rate at the borrowing date or is variable based upon the LIBOR rate. At October 31, 2016, the amount outstanding under this facility was at fixed rates of 2.21 percent and 2.56 percent and at variable rates of 1.78 percent and 2.12 percent. Development loans, due 2011-2026 — These fixed-rate loans with the State of Ohio and Cuyahoga County, Ohio were issued in 2011 in connection with the construction of our corporate headquarters building and are payable in monthly installments over 15 years beginning in 2011. The interest rate on the State of Ohio loan is 3.00 percent, and the interest rate on the Cuyahoga County loan is 3.50 percent. Annual maturities — The annual maturities of long-term debt for the five years subsequent to October 31, 2016, are as follows: $38,093 in 2017; $126,587 in 2018; and $108,123 in 2019; $413,418 in 2020 and $38,187 in 2021.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -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=6877327&loc=d3e13212-122682 + Details
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