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Operating Segments and Geographic Area Data (Tables)

12 Months Ended

Oct. 31, 2020

Segment Reporting [Abstract]

Reportable Segments

The following table presents information about our reportable segments:

			Industrial Precision Solutions						Advanced Technology Solutions						Corporate						Total
Year ended October 31, 2020
Net external sales			$	1,143,423					$	977,677					$	—					$	2,121,100
Depreciation and amortization			38,939						64,543						9,820						113,302
Operating profit (loss)			208,028						191,602						(50,085)						349,545
Identifiable assets (b)			882,946						1,849,391						948,048			(a)			3,680,385
Property, plant and equipment expenditures			18,798						31,737						—						50,535
Year ended October 31, 2019
Net external sales			$	1,208,376					$	985,850					$	—					$	2,194,226
Depreciation and amortization			38,333						62,836						9,075						110,244
Operating profit (loss)			329,054						205,609						(51,550)						483,113
Identifiable assets (b)			997,460						1,740,259						782,188			(a)			3,519,907
Property, plant and equipment expenditures			30,400						26,010						7,834						64,244
Year ended October 31, 2018
Net external sales			$	1,215,302					$	1,039,366					$	—					$	2,254,668
Depreciation and amortization			37,763						62,594						8,050						108,407
Operating profit (loss)			315,048						244,880						(57,349)						502,579
Identifiable assets (b)			951,784						1,713,404						763,734			(a)			3,428,922
Property, plant and equipment expenditures			55,457						16,205						18,128						89,790

(a)Corporate assets are principally cash and cash equivalents, deferred income taxes, leases, headquarter facilities, the major portion of our enterprise management system, and intangible assets. Includes assets held for sale, see Note 4.

(b)Operating segment identifiable assets include notes and accounts receivable net of customer advance payments and allowance for doubtful accounts, inventories net of reserves, property, plant and equipment net of accumulated depreciation and goodwill.

Sales and Long-lived Asset Information by Geographic Regions

We have significant sales and long-lived assets in the following geographic areas:

			2020						2019						2018
Net external sales
United States			$	755,642					$	758,383					$	720,832
Americas			141,473						167,661						158,837
Europe			536,636						571,596						622,108
Japan			126,601						126,756						161,771
Asia Pacific			560,748						569,830						591,120
Total net external sales			$	2,121,100					$	2,194,226					$	2,254,668
Long-lived assets
United States			$	329,390					$	286,894					$	279,437
Americas			2,307						1,948						2,158
Europe			69,854						44,041						41,663
Japan			22,733						6,169						5,492
Asia Pacific			56,459						59,843						57,916
Total long-lived assets			$	480,743					$	398,895					$	386,666

Reconciliation of Segment Operating Profit to Consolidated Income Before Income Taxes

A reconciliation of total segment operating profit to total consolidated income before income taxes is as follows:

			2020						2019						2018
Total profit for reportable segments			$	349,545					$	483,113					$	502,579
Interest expense			(32,160)						(47,145)						(49,576)
Interest and investment income			1,681						1,844						1,384
Other-net			(17,577)						(6,708)						(5,868)
Income before income taxes			$	301,489					$	431,104					$	448,519

Summary of Reconciliation of Consolidated Assets

A reconciliation of total assets for reportable segments to total consolidated assets is as follows:

			2020						2019						2018
Total assets for reportable segments			$	3,680,385					$	3,519,907					$	3,428,922
Customer advance payments			42,323						41,131						38,997
Eliminations			(48,052)						(44,591)						(46,907)
Total consolidated assets			$	3,674,656					$	3,516,447					$	3,421,012

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