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Long-Term Debt | 12 Months Ended
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Oct. 31, 2018
Debt Disclosure [Abstract] |
Long-Term Debt | Note 9 — Long-term debt A summary of long-term debt is as follows:
|  | 2018 |  |  | 2017 |
Revolving credit agreement, due 2020 |  | $ | 52,200 |  |  | $ | 249,138 |
Senior notes, due 2018-2025 |  |  | 156,700 |  |  |  | 172,600 |
Senior notes, due 2019-2027 |  |  | 100,000 |  |  |  | 100,000 |
Senior notes, due 2023-2030 |  |  | 350,000 |  |  |  | — |
Term loan, due 2018-2020 |  |  | — |  |  |  | 200,000 |
Term loan, due 2018-2022 |  |  | 605,000 |  |  |  | 705,000 |
Euro loan, due 2019 |  |  | — |  |  |  | 12,191 |
Euro loan, due 2021 |  |  | 16,967 |  |  |  | — |
Private shelf facility, due 2018-2026 |  |  | 36,111 |  |  |  | 146,666 |
Development loans, due 2018-2026 |  |  | 1,086 |  |  |  | 1,218 |
|  |  | 1,318,064 |  |  |  | 1,586,813 |
Less current maturities |  |  | 28,734 |  |  |  | 326,587 |
Less unamortized debt issuance costs |  |  | 3,973 |  |  |  | 3,829 |
Long-term maturities |  | $ | 1,285,357 |  |  | $ | 1,256,397 |
Revolving credit agreement — This $850,000 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 3.10 percent at October 31, 2018. Senior notes, due 2018-2025 — These fixed-rate notes entered into in 2012 with a group of insurance companies had a remaining weighted-average life of 3.45 years. The weighted-average interest rate at October 31, 2018 was 3.03 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 5.24 years. The weighted-average interest rate at October 31, 2018 was 3.04 percent. Senior notes, due 2023-2030 – These fixed-rate notes entered in 2018 with a group of insurance companies had a remaining weighted-average life of 7.05 years. The weighted-average interest rate at October 31, 2018 was 3.90 percent. Term loan, due 2018-2020 — In 2015, we entered into a $200,000 term loan facility with a group of banks. This loan was paid off in 2018. Term loan, due 2018-2022 — In 2017, we entered into a $705,000 term loan facility with a group of banks. The interest rate is variable based upon the LIBOR rate. The agreement provides for term loans due in three tranches. $100,000 is due in March 2020 with a weighted-average interest rate of 3.24 percent, $200,000 is due in October 2021 with a weighted-average interest rate of 3.19 percent and $305,000 is due in March 2022 with a weighted-average interest rate of 3.26 percent. For the portion that is due in March 2020, $100,000 of this term loan facility was paid down in 2018. Euro loan, due 2019 — This Euro denominated loan was entered into in 2015 with Bank of America Merrill Lynch International Limited. This loan was paid off in 2018. Euro loan, due 2021 — This Euro denominated loan was entered into in 2018 with Bank of America Merrill Lynch International Limited. The interest rate is variable based upon the EUR LIBOR rate. The weighted average interest rate at October 31, 2018 was 0.88 percent. 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 for 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. We paid down $100,000 during 2018. At October 31, 2018, the amount outstanding under this facility was at fixed rates of 2.21 percent and 2.56 percent. Development loans, due 2018-2026 — 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, 2018, are as follows: $28,734 in 2019; $220,938 in 2020; $255,153 in 2021; $335,791 in 2022 and $130,796 in 2023.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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