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Fair value measurements (Tables) | 6 Months Ended
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Apr. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis:
April 30, 2024 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Foreign currency forward contracts (a) |  | $ | 1,144 |  |  | $ | — |  |  | $ | 1,144 |  |  | $ | — |
Net investment contracts (b) |  | 9,148 |  |  | — |  |  | 9,148 |  |  | — |
Total assets at fair value |  | $ | 10,292 |  |  | $ | — |  |  | $ | 10,292 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Deferred compensation plans (c) |  | $ | 10,875 |  |  | $ | — |  |  | $ | 10,875 |  |  | $ | — |
Foreign currency forward contracts (a) |  | 5,202 |  |  | — |  |  | 5,202 |  |  | — |
Net investment contracts (b) |  | 11,243 |  |  | — |  |  | 11,243 |  |  | — |
Total liabilities at fair value |  | $ | 27,320 |  |  | $ | — |  |  | $ | 27,320 |  |  | $ | — |
October 31, 2023 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Foreign currency forward contracts (a) |  | $ | 696 |  |  | $ | — |  |  | $ | 696 |  |  | $ | — |
Net investment contracts (b) |  | 13,713 |  |  | — |  |  | 13,713 |  |  | — |
Total assets at fair value |  | $ | 14,409 |  |  | $ | — |  |  | $ | 14,409 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Deferred compensation plans (c) |  | $ | 9,637 |  |  | $ | — |  |  | $ | 9,637 |  |  | $ | — |
Net investment contracts (b) |  | 9,985 |  |  | — |  |  | 9,985 |  |  | — |
Foreign currency forward contracts (a) |  | 10,425 |  |  | — |  |  | 10,425 |  |  | — |
Total liabilities at fair value |  | $ | 30,047 |  |  | $ | — |  |  | $ | 30,047 |  |  | $ | — |
(a)We enter into foreign currency forward contracts to reduce the risk of foreign currency exposures resulting from receivables, payables, intercompany receivables, intercompany payables and loans denominated in foreign currencies. Foreign exchange contracts are valued using market exchange rates. These foreign exchange contracts are not designated as hedges. (b)Net assets of our foreign subsidiaries are exposed to volatility in foreign currency exchange rates. We utilize net investment hedges to offset the translation adjustment arising from re-measuring our investment in foreign subsidiaries. The notional amount of our net investment hedge contracts as of April 30, 2024 was $730,716. (c)Executive officers and other highly compensated employees may defer up to 100% of their salary and annual cash incentive compensation and for executive officers, up to 90% of their long-term incentive compensation, into various non-qualified deferred compensation plans. Deferrals can be allocated to various market performance measurement funds. Changes in the value of compensation deferred under these plans are recognized each period based on the fair value of the underlying measurement funds.
Carrying Amounts and Fair Values of Financial Instruments, Other than Cash and Cash Equivalents, Receivables and Accounts Payable | The carrying values of cash and cash equivalents, receivables, accounts payable and notes payable approximate fair value due to the short-term nature of these instruments.
|  | April 30, 2024
|  | Carrying Amount |  | Fair Value
Long-term debt (including current portion) |  | $ | 1,525,006 |  |  | $ | 1,523,594 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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