XML 87 R33.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Retirement, Pension and Other Postretirement Plans (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2019
Summary of Accumulated Other Comprehensive Loss | Accumulated other comprehensive loss at October 31, 2019 and 2018 consisted of:
|  | Cumulative |  |  | Pension and |  |  | Accumulated |
|  | translation |  |  | postretirement benefit |  |  | other comprehensive |
|  | adjustments |  |  | plan adjustments |  |  | loss |
Balance at October 31, 2018 |  | $ | (57,042 | ) |  | $ | (122,272 | ) |  | $ | (179,314 | )
Pension and postretirement plan changes, net of tax of $(17,167) |  |  | — |  |  |  | (56,277 | ) |  |  | (56,277 | )
Currency translation losses |  |  | 3,710 |  |  |  | — |  |  |  | 3,710 |
Balance at October 31, 2019 |  | $ | (53,332 | ) |  | $ | (178,549 | ) |  | $ | (231,881 | )
Pension Plans [Member] |
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans | A reconciliation of the benefit obligations, plan assets, accrued benefit cost and the amount recognized in financial statements for pension plans is as follows:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 425,605 |  |  | $ | 430,816 |  |  | $ | 87,227 |  |  | $ | 88,761 |
Service cost |  |  | 14,587 |  |  |  | 13,052 |  |  |  | 1,933 |  |  |  | 2,048 |
Interest cost |  |  | 18,304 |  |  |  | 14,797 |  |  |  | 1,670 |  |  |  | 1,656 |
Participant contributions |  |  | — |  |  |  | — |  |  |  | 83 |  |  |  | 90 |
Plan amendments |  |  | — |  |  |  | — |  |  |  | 186 |  |  |  | 50 |
Settlements |  |  | — |  |  |  | — |  |  |  | (3,018 | ) |  |  | (1,431 | )
Foreign currency exchange rate change |  |  | — |  |  |  | — |  |  |  | 106 |  |  |  | (2,676 | )
Actuarial (gain) loss |  |  | 107,662 |  |  |  | (20,502 | ) |  |  | 11,852 |  |  |  | 107 |
Benefits paid |  |  | (14,161 | ) |  |  | (12,558 | ) |  |  | (2,049 | ) |  |  | (1,378 | )
Benefit obligation at end of year |  | $ | 551,997 |  |  | $ | 425,605 |  |  | $ | 97,990 |  |  | $ | 87,227 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning fair value of plan assets |  | $ | 361,073 |  |  | $ | 369,234 |  |  | $ | 39,617 |  |  | $ | 37,504 |
Actual return on plan assets |  |  | 76,700 |  |  |  | (13,890 | ) |  |  | 707 |  |  |  | 2,370 |
Company contributions |  |  | 25,319 |  |  |  | 18,287 |  |  |  | 3,696 |  |  |  | 3,728 |
Participant contributions |  |  | — |  |  |  | — |  |  |  | 83 |  |  |  | 90 |
Settlements |  |  | — |  |  |  | — |  |  |  | (3,018 | ) |  |  | (1,431 | )
Foreign currency exchange rate change |  |  | — |  |  |  | — |  |  |  | 604 |  |  |  | (1,266 | )
Benefits paid |  |  | (14,161 | ) |  |  | (12,558 | ) |  |  | (2,049 | ) |  |  | (1,378 | )
Ending fair value of plan assets |  | $ | 448,931 |  |  | $ | 361,073 |  |  | $ | 39,640 |  |  | $ | 39,617 |
Funded status at end of year |  | $ | (103,066 | ) |  | $ | (64,532 | ) |  | $ | (58,350 | ) |  | $ | (47,610 | )
Amounts recognized in financial statements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent asset |  | $ | 2,171 |  |  | $ | 1,544 |  |  | $ | 1,375 |  |  | $ | 748 |
Accrued benefit liability |  |  | (6,435 | ) |  |  | (1,176 | ) |  |  | (21 | ) |  |  | (36 | )
Long-term pension obligations |  |  | (98,802 | ) |  |  | (64,900 | ) |  |  | (59,704 | ) |  |  | (48,322 | )
Total amount recognized in financial statements |  | $ | (103,066 | ) |  | $ | (64,532 | ) |  | $ | (58,350 | ) |  | $ | (47,610 | )
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Amounts recognized in accumulated other comprehensive (gain) loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | 178,390 |  |  | $ | 130,788 |  |  | $ | 33,826 |  |  | $ | 23,304 |
Prior service credit |  |  | (100 | ) |  |  | (161 | ) |  |  | (2,342 | ) |  |  | (2,844 | )
Accumulated other comprehensive loss |  | $ | 178,290 |  |  | $ | 130,627 |  |  | $ | 31,484 |  |  | $ | 20,460 |
Amounts expected to be recognized during next fiscal year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss |  | $ | 13,591 |  |  | $ | 6,221 |  |  | $ | 2,945 |  |  | $ | 1,700 |
Amortization of prior service credit |  |  | (84 | ) |  |  | (61 | ) |  |  | (288 | ) |  |  | (302 | )
Total |  | $ | 13,507 |  |  | $ | 6,160 |  |  | $ | 2,657 |  |  | $ | 1,398 |
Summary of Accumulated Other Comprehensive Loss | The following table summarizes the changes in accumulated other comprehensive loss:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Balance at beginning of year |  | $ | 130,627 |  |  | $ | 124,733 |  |  | $ | 20,460 |  |  | $ | 23,855 |
Net (gain) loss arising during the year |  |  | 54,304 |  |  |  | 15,351 |  |  |  | 12,737 |  |  |  | (752 | )
Prior service cost arising during the year |  |  | — |  |  |  | — |  |  |  | 186 |  |  |  | 50 |
Net gain recognized during the year |  |  | (6,702 | ) |  |  | (9,479 | ) |  |  | (1,696 | ) |  |  | (2,115 | )
Prior service credit recognized during the year |  |  | 61 |  |  |  | 22 |  |  |  | 303 |  |  |  | 316 |
Settlement loss |  |  | — |  |  |  | — |  |  |  | (470 | ) |  |  | (252 | )
Exchange rate effect during the year |  |  | — |  |  |  | — |  |  |  | (36 | ) |  |  | (642 | )
Balance at end of year |  | $ | 178,290 |  |  | $ | 130,627 |  |  | $ | 31,484 |  |  | $ | 20,460 |
Accumulated Benefit Obligation | Information regarding the accumulated benefit obligation is as follows:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
For all plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated benefit obligation |  | $ | 513,861 |  |  | $ | 403,590 |  |  | $ | 83,439 |  |  | $ | 74,690 |
For plans with benefit obligations in excess of plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation |  |  | 491,816 |  |  |  | 373,531 |  |  |  | 86,534 |  |  |  | 46,292 |
Accumulated benefit obligation |  |  | 453,681 |  |  |  | 351,516 |  |  |  | 73,293 |  |  |  | 42,363 |
Fair value of plan assets |  |  | 386,580 |  |  |  | 307,455 |  |  |  | 27,769 |  |  |  | 5,355 |
Components of Net Periodic Benefits Cost | Net periodic pension costs include the following components:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Service cost |  | $ | 14,587 |  |  | $ | 13,052 |  |  | $ | 11,992 |  |  | $ | 1,933 |  |  | $ | 2,048 |  |  | $ | 2,343 |
Interest cost |  |  | 18,304 |  |  |  | 14,797 |  |  |  | 13,308 |  |  |  | 1,670 |  |  |  | 1,656 |  |  |  | 1,572 |
Expected return on plan assets |  |  | (23,341 | ) |  |  | (21,964 | ) |  |  | (20,784 | ) |  |  | (1,592 | ) |  |  | (1,512 | ) |  |  | (1,338 | )
Amortization of prior service cost (credit) |  |  | (61 | ) |  |  | (22 | ) |  |  | 44 |  |  |  | (303 | ) |  |  | (316 | ) |  |  | (302 | )
Amortization of net actuarial loss |  |  | 6,702 |  |  |  | 9,479 |  |  |  | 9,537 |  |  |  | 1,696 |  |  |  | 2,115 |  |  |  | 2,605 |
Settlement loss |  |  | — |  |  |  | — |  |  |  | 648 |  |  |  | 470 |  |  |  | 252 |  |  |  | 363 |
Total benefit cost |  | $ | 16,191 |  |  | $ | 15,342 |  |  | $ | 14,745 |  |  | $ | 3,874 |  |  | $ | 4,243 |  |  | $ | 5,243 |
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs | The weighted average assumptions used in the valuation of pension benefits were as follows:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Assumptions used to determine benefit obligations at October 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 3.25 | % |  |  | 4.53 | % |  |  | 3.80 | % |  |  | 1.26 | % |  |  | 2.14 | % |  |  | 2.07 | %
Rate of compensation increase |  |  | 4.00 |  |  |  | 3.90 |  |  |  | 3.61 |  |  |  | 3.12 |  |  |  | 3.12 |  |  |  | 3.13 |
Assumptions used to determine net benefit costs for the years ended October 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate - benefit obligation |  |  | 4.53 |  |  |  | 3.80 |  |  |  | 3.94 |  |  |  | 2.14 |  |  |  | 2.07 |  |  |  | 1.86 |
Discount rate - service cost |  |  | 4.70 |  |  |  | 4.01 |  |  |  | 4.31 |  |  |  | 1.82 |  |  |  | 1.76 |  |  |  | 1.55 |
Discount rate - interest cost |  |  | 4.15 |  |  |  | 3.31 |  |  |  | 3.20 |  |  |  | 1.90 |  |  |  | 1.83 |  |  |  | 1.66 |
Expected return on plan assets |  |  | 6.00 |  |  |  | 6.00 |  |  |  | 6.25 |  |  |  | 3.96 |  |  |  | 3.91 |  |  |  | 3.51 |
Rate of compensation increase |  |  | 3.90 |  |  |  | 3.61 |  |  |  | 3.61 |  |  |  | 3.12 |  |  |  | 3.13 |  |  |  | 3.12 |
Allocation of Pension Plan Assets | The allocation of pension plan assets as of October 31, 2019 and 2018 is as follows:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Asset Category |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  |  | 11 | % |  |  | 13 | % |  |  | — | % |  |  | — | %
Debt securities |  |  | 53 |  |  |  | 50 |  |  |  | — |  |  |  | — |
Insurance contracts |  |  | — |  |  |  | — |  |  |  | 54 |  |  |  | 55 |
Pooled investment funds |  |  | 35 |  |  |  | 36 |  |  |  | 45 |  |  |  | 44 |
Other |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Fair Values of Pension Plan Assets | The fair values of our pension plan assets at October 31, 2019 by asset category are in the table below:
|  | United States |  |  | International |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash |  | $ | 1,208 |  |  | $ | 1,208 |  |  | $ | — |  |  | $ | — |  |  | $ | 441 |  |  | $ | 441 |  |  | $ | — |  |  | $ | — |
Money market funds |  |  | 5,566 |  |  |  | 5,566 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic materials |  |  | 2,318 |  |  |  | 2,318 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer goods |  |  | 4,412 |  |  |  | 4,412 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial |  |  | 6,120 |  |  |  | 6,120 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Healthcare |  |  | 4,460 |  |  |  | 4,460 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Industrial goods |  |  | 3,152 |  |  |  | 3,152 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Technology |  |  | 5,064 |  |  |  | 5,064 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Utilities |  |  | 937 |  |  |  | 937 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mutual funds |  |  | 19,674 |  |  |  | 19,674 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government |  |  | 83,025 |  |  |  | 13,094 |  |  |  | 69,931 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | 151,607 |  |  |  | — |  |  |  | 151,607 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | 5,051 |  |  |  | — |  |  |  | 5,051 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,245 |  |  |  | — |  |  |  | — |  |  |  | 21,245 |
Other |  |  | 1,101 |  |  |  | 1,101 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total investments in the fair value hierarchy |  | $ | 293,695 |  |  | $ | 67,106 |  |  | $ | 226,589 |  |  | $ | — |  |  | $ | 21,686 |  |  | $ | 441 |  |  | $ | — |  |  | $ | 21,245 |
Investments measured at Net Asset Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate collective funds |  |  | 33,917 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Pooled investment funds |  |  | 121,319 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,954 |  |  |  |  |  |  |  |  |  |  |  |  |
Total Investments at Fair Value |  | $ | 448,931 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 39,640 |  |  |  |  |  |  |  |  |  |  |  |  |
The fair values of our pension plan assets at October 31, 2018 by asset category are in the table below:
|  | United States |  |  | International |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash |  | $ | 1,083 |  |  | $ | 1,083 |  |  | $ | — |  |  | $ | — |  |  | $ | 528 |  |  | $ | 528 |  |  | $ | — |  |  | $ | — |
Money market funds |  |  | 1,620 |  |  |  | 1,620 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic materials |  |  | 2,763 |  |  |  | 2,763 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer goods |  |  | 3,703 |  |  |  | 3,703 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial |  |  | 5,306 |  |  |  | 5,306 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Healthcare |  |  | 4,179 |  |  |  | 4,179 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Industrial goods |  |  | 2,516 |  |  |  | 2,516 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Technology |  |  | 4,690 |  |  |  | 4,690 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Utilities |  |  | 732 |  |  |  | 732 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mutual funds |  |  | 21,987 |  |  |  | 21,987 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government |  |  | 50,602 |  |  |  | 10,224 |  |  |  | 40,378 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | 123,159 |  |  |  | — |  |  |  | 123,159 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | 5,589 |  |  |  | — |  |  |  | 5,589 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,645 |  |  |  | — |  |  |  | — |  |  |  | 21,645 |
Other |  |  | 1,967 |  |  |  | 1,967 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total investments in the fair value hierarchy |  | $ | 229,896 |  |  | $ | 60,770 |  |  | $ | 169,126 |  |  | $ | — |  |  | $ | 22,173 |  |  | $ | 528 |  |  | $ | — |  |  | $ | 21,645 |
Investments measured at Net Asset Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate collective funds |  |  | 23,109 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Pooled investment funds |  |  | 108,068 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,444 |  |  |  |  |  |  |  |  |  |  |  |  |
Total Investments at Fair Value |  | $ | 361,073 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 39,617 |  |  |  |  |  |  |  |  |  |  |  |  |
Change in Level 3 Fair Value of Plan Assets | The following tables present an analysis of changes during the years ended October 31, 2019 and 2018 in Level 3 plan assets, by plan asset class, for U.S. and international pension plans using significant unobservable inputs to measure fair value:
|  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |
|  | Insurance contracts |  |  | Total |
Beginning balance at October 31, 2018 |  | $ | 21,645 |  |  | $ | 21,645 |
Actual return on plan assets: |  |  |  |  |  |  |  |
Assets held, end of year |  |  | 913 |  |  |  | 913 |
Assets sold during the period |  |  | — |  |  |  | — |
Purchases |  |  | 2,431 |  |  |  | 2,431 |
Sales |  |  | (4,102 | ) |  |  | (4,102 | )
Foreign currency translation |  |  | 358 |  |  |  | 358 |
Ending balance at October 31, 2019 |  | $ | 21,245 |  |  | $ | 21,245 |
|  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |
|  | Insurance contracts |  |  | Total |
Beginning balance at October 31, 2017 |  | $ | 21,037 |  |  | $ | 21,037 |
Actual return on plan assets: |  |  |  |  |  |  |  |
Assets held, end of year |  |  | 862 |  |  |  | 862 |
Assets sold during the period |  |  | — |  |  |  | — |
Purchases |  |  | 2,760 |  |  |  | 2,760 |
Sales |  |  | (2,501 | ) |  |  | (2,501 | )
Foreign currency translation |  |  | (513 | ) |  |  | (513 | )
Ending balance at October 31, 2018 |  | $ | 21,645 |  |  | $ | 21,645 |
Retiree Pension Benefit Payments | Retiree pension benefit payments, which reflect expected future service, are anticipated to be paid as follows:
Year |  | United States |  |  | International |
2020 |  | $ | 22,543 |  |  | $ | 2,277 |
2021 |  |  | 18,439 |  |  |  | 3,225 |
2022 |  |  | 20,173 |  |  |  | 2,797 |
2023 |  |  | 21,760 |  |  |  | 2,852 |
2024 |  |  | 23,096 |  |  |  | 3,292 |
2025-2029 |  |  | 140,195 |  |  |  | 18,378 |
Retirement Plans [Member] |
Reconciliation of the Benefit Obligations, Plan Assets, Accrued Benefit Cost and the Amount Recognized in Financial Statements for Pension Plans | A reconciliation of the benefit obligations, accrued benefit cost and the amount recognized in financial statements for other postretirement plans is as follows:
|  | United States |  |  | International |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 72,010 |  |  | $ | 75,146 |  |  | $ | 512 |  |  | $ | 599 |
Service cost |  |  | 545 |  |  |  | 709 |  |  |  | 16 |  |  |  | 20 |
Interest cost |  |  | 2,984 |  |  |  | 2,557 |  |  |  | 19 |  |  |  | 20 |
Participant contributions |  |  | 684 |  |  |  | 663 |  |  |  | — |  |  |  | — |
Foreign currency exchange rate change |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (11 | )
Actuarial (gain) loss |  |  | 15,101 |  |  |  | (4,519 | ) |  |  | (86 | ) |  |  | (110 | )
Benefits paid |  |  | (2,664 | ) |  |  | (2,546 | ) |  |  | (6 | ) |  |  | (6 | )
Benefit obligation at end of year |  | $ | 88,660 |  |  | $ | 72,010 |  |  | $ | 454 |  |  | $ | 512 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning fair value of plan assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Company contributions |  |  | 1,980 |  |  |  | 1,883 |  |  |  | 6 |  |  |  | 6 |
Participant contributions |  |  | 684 |  |  |  | 663 |  |  |  | — |  |  |  | — |
Benefits paid |  |  | (2,664 | ) |  |  | (2,546 | ) |  |  | (6 | ) |  |  | (6 | )
Ending fair value of plan assets |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Funded status at end of year |  | $ | (88,660 | ) |  | $ | (72,010 | ) |  | $ | (454 | ) |  | $ | (512 | )
Amounts recognized in financial statements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued benefit liability |  | $ | (2,740 | ) |  | $ | (2,360 | ) |  | $ | (6 | ) |  | $ | (8 | )
Long-term postretirement obligations |  |  | (85,920 | ) |  |  | (69,650 | ) |  |  | (448 | ) |  |  | (504 | )
Total amount recognized in financial statements |  | $ | (88,660 | ) |  | $ | (72,010 | ) |  | $ | (454 | ) |  | $ | (512 | )
|  | United States |  |  | International |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Amounts recognized in accumulated other comprehensive (gain) loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial (gain) loss |  | $ | 28,992 |  |  | $ | 14,526 |  |  | $ | (482 | ) |  | $ | (423 | )
Prior service credit |  |  | (16 | ) |  |  | (43 | ) |  |  | — |  |  |  | — |
Accumulated other comprehensive (gain) loss |  | $ | 28,976 |  |  | $ | 14,483 |  |  | $ | (482 | ) |  | $ | (423 | )
Amounts expected to be recognized during next fiscal year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial (gain) loss |  | $ | 1,674 |  |  | $ | 609 |  |  | $ | (37 | ) |  | $ | (28 | )
Amortization of prior service credit |  |  | (16 | ) |  |  | (27 | ) |  |  | — |  |  |  | — |
Total |  | $ | 1,658 |  |  | $ | 582 |  |  | $ | (37 | ) |  | $ | (28 | )
Summary of Accumulated Other Comprehensive Loss | The following table summarizes the changes in accumulated other comprehensive (gain) loss:
|  | United States |  |  | International |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2019 |  |  |  | 2018 |
Balance at beginning of year |  | $ | 14,483 |  |  | $ | 19,982 |  |  | $ | (423 | ) |  | $ | (342 | )
Net (gain) loss arising during the year |  |  | 15,101 |  |  |  | (4,519 | ) |  |  | (86 | ) |  |  | (110 | )
Net gain (loss) recognized during the year |  |  | (634 | ) |  |  | (1,079 | ) |  |  | 28 |  |  |  | 20 |
Prior service credit recognized during the year |  |  | 26 |  |  |  | 99 |  |  |  | — |  |  |  | — |
Exchange rate effect during the year |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | 9 |
Balance at end of year |  | $ | 28,976 |  |  | $ | 14,483 |  |  | $ | (482 | ) |  | $ | (423 | )
Components of Net Periodic Benefits Cost | Net postretirement benefit costs include the following components:
|  | United States |  |  | International |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |  |  |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Service cost |  | $ | 545 |  |  | $ | 709 |  |  | $ | 722 |  |  | $ | 16 |  |  | $ | 20 |  |  | $ | 20 |
Interest cost |  |  | 2,984 |  |  |  | 2,557 |  |  |  | 2,337 |  |  |  | 19 |  |  |  | 20 |  |  |  | 20 |
Amortization of prior service credit |  |  | (26 | ) |  |  | (99 | ) |  |  | (164 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of net actuarial (gain) loss |  |  | 634 |  |  |  | 1,079 |  |  |  | 874 |  |  |  | (28 | ) |  |  | (20 | ) |  |  | (17 | )
Total benefit cost |  | $ | 4,137 |  |  | $ | 4,246 |  |  | $ | 3,769 |  |  | $ | 7 |  |  | $ | 20 |  |  | $ | 23 |
Weighted Average Assumptions Representing the Rates Used to Develop the Actuarial Present Value of Projected Benefit Obligation and the Net Periodic Benefit Costs | The weighted average assumptions used in the valuation of postretirement benefits were as follows:
|  | United States |  |  | International |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Assumptions used to determine benefit obligations at October 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 3.27 | % |  |  | 4.56 | % |  |  | 3.86 | % |  |  | 3.03 | % |  |  | 3.88 | % |  |  | 3.52 | %
Health care cost trend rate |  |  | 3.62 |  |  |  | 3.75 |  |  |  | 3.70 |  |  |  | 4.00 |  |  |  | 6.35 |  |  |  | 6.50 |
Rate to which health care cost trend rate is assumed to incline/decline (ultimate trend rate) |  |  | 3.24 |  |  |  | 3.27 |  |  |  | 3.23 |  |  |  | 4.05 |  |  |  | 3.50 |  |  |  | 3.50 |
Year the rate reaches the ultimate trend rate |  |  | 2026 |  |  |  | 2026 |  |  |  | 2026 |  |  |  | 2040 |  |  |  | 2037 |  |  |  | 2037 |
Assumption used to determine net benefit costs for the years ended October 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate - benefit obligation |  |  | 4.56 | % |  |  | 3.86 | % |  |  | 4.03 | % |  |  | 3.88 | % |  |  | 3.52 | % |  |  | 3.40 | %
Discount rate - service cost |  | 4.77 |  |  | 4.11 |  |  |  | 4.48 |  |  |  | 3.90 |  |  | 3.54 |  |  | 3.56 |
Discount rate - interest cost |  | 4.18 |  |  | 3.39 |  |  |  | 3.27 |  |  |  | 3.80 |  |  |  | 3.40 |  |  |  | 3.20 |
Retiree Pension Benefit Payments | Retiree postretirement benefit payments are anticipated to be paid as follows:
Year |  | United States |  |  | International |
2020 |  | $ | 2,747 |  |  | $ | 6 |
2021 |  |  | 2,990 |  |  |  | 6 |
2022 |  |  | 3,230 |  |  |  | 6 |
2023 |  |  | 3,505 |  |  |  | 6 |
2024 |  |  | 3,769 |  |  |  | 6 |
2025-2029 |  |  | 21,330 |  |  |  | 46 |
Defined Benefit Plan Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rates | A one-percentage point change in the assumed health care cost trend rate would have the following effects. Bracketed numbers represent decreases in expense and obligation amounts.
|  | United States |  |  | International |
|  | 1% Point Increase |  |  | 1% Point Decrease |  |  | 1% Point Increase |  |  | 1% Point Decrease |
Health care trend rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect on total net postretirement benefit cost components in 2019 |  | $ | 494 |  |  | $ | (400 | ) |  | $ | 9 |  |  | $ | (7 | )
Effect on postretirement obligation as of October 31, 2019 |  | $ | 11,984 |  |  | $ | (9,800 | ) |  | $ | 108 |  |  | $ | (84 | )

X
- Definition Defined benefit plan weighted average assumptions used in calculating net periodic benefit cost and benefit obligations. + References No definition available. + Details
Name: | ndsn_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAndBenefitObligationsTableTextBlock
Namespace Prefix: | ndsn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedAndProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (m) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |