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v3.23.4

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill by reportable segment for fiscal 2023 and 2022 were as follows (dollars in millions):
|  | Professional |  | Residential |  | Other |  | Total
Balance as of October 31, 2021 |  | $ | 411.1 |  |  | $ | 10.6 |  |  | $ | — |  |  | $ | 421.7 |
Goodwill acquired |  | 163.7 |  |  | — |  |  | — |  |  | 163.7 |
Translation adjustments |  | (1.8) |  |  | (0.3) |  |  | — |  |  | (2.1) |
Balance as of October 31, 2022 |  | 573.0 |  |  | 10.3 |  |  | — |  |  | 583.3 |
Non-cash impairment charge |  | (133.3) |  |  | — |  |  | — |  |  | (133.3) |
Translation adjustments |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Balance as of October 31, 2023 |  | $ | 440.5 |  |  | $ | 10.3 |  |  | $ | — |  |  | $ | 450.8 |
Schedule of Finite-Lived Intangible Assets | The components of other intangible assets were as follows (dollars in millions, except weighted-average useful life in years):
October 31, 2023 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18.2 |  |  | $ | (16.0) |  |  | $ | 2.2 |
Non-compete agreements |  | 5.5 |  | 6.9 |  |  | (6.9) |  |  | — |
Customer-related |  | 15.8 |  | 327.5 |  |  | (106.7) |  |  | 220.8 |
Developed technology |  | 7.1 |  | 102.0 |  |  | (63.1) |  |  | 38.9 |
Trade names |  | 13.7 |  | 10.7 |  |  | (4.0) |  |  | 6.7 |
Backlog and other |  | 0.6 |  | 5.7 |  |  | (5.7) |  |  | — |
Total finite-lived |  | 13.3 |  | 471.0 |  |  | (202.4) |  |  | 268.6 |
Indefinite-lived - trade names |  |  |  | 271.5 |  |  | — |  |  | 271.5 |
Total other intangible assets, net |  |  |  | $ | 742.5 |  |  | $ | (202.4) |  |  | $ | 540.1 |
October 31, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18.2 |  |  | $ | (15.3) |  |  | $ | 2.9 |
Non-compete agreements |  | 5.5 |  | 6.8 |  |  | (6.8) |  |  | — |
Customer-related |  | 16.0 |  | 321.0 |  |  | (83.8) |  |  | 237.2 |
Developed technology |  | 7.1 |  | 101.9 |  |  | (53.0) |  |  | 48.9 |
Trade names |  | 13.8 |  | 10.7 |  |  | (3.4) |  |  | 7.3 |
Backlog and other |  | 0.6 |  | 5.7 |  |  | (5.5) |  |  | 0.2 |
Total finite-lived |  | 13.4 |  | 464.3 |  |  | (167.8) |  |  | 296.5 |
Indefinite-lived - trade names |  |  |  | 289.3 |  |  | — |  |  | 289.3 |
Total other intangible assets, net |  |  |  | $ | 753.6 |  |  | $ | (167.8) |  |  | $ | 585.8 |
Schedule of Indefinite-Lived Intangible Assets | The components of other intangible assets were as follows (dollars in millions, except weighted-average useful life in years):
October 31, 2023 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18.2 |  |  | $ | (16.0) |  |  | $ | 2.2 |
Non-compete agreements |  | 5.5 |  | 6.9 |  |  | (6.9) |  |  | — |
Customer-related |  | 15.8 |  | 327.5 |  |  | (106.7) |  |  | 220.8 |
Developed technology |  | 7.1 |  | 102.0 |  |  | (63.1) |  |  | 38.9 |
Trade names |  | 13.7 |  | 10.7 |  |  | (4.0) |  |  | 6.7 |
Backlog and other |  | 0.6 |  | 5.7 |  |  | (5.7) |  |  | — |
Total finite-lived |  | 13.3 |  | 471.0 |  |  | (202.4) |  |  | 268.6 |
Indefinite-lived - trade names |  |  |  | 271.5 |  |  | — |  |  | 271.5 |
Total other intangible assets, net |  |  |  | $ | 742.5 |  |  | $ | (202.4) |  |  | $ | 540.1 |
October 31, 2022 |  | Weighted-Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Patents |  | 9.9 |  | $ | 18.2 |  |  | $ | (15.3) |  |  | $ | 2.9 |
Non-compete agreements |  | 5.5 |  | 6.8 |  |  | (6.8) |  |  | — |
Customer-related |  | 16.0 |  | 321.0 |  |  | (83.8) |  |  | 237.2 |
Developed technology |  | 7.1 |  | 101.9 |  |  | (53.0) |  |  | 48.9 |
Trade names |  | 13.8 |  | 10.7 |  |  | (3.4) |  |  | 7.3 |
Backlog and other |  | 0.6 |  | 5.7 |  |  | (5.5) |  |  | 0.2 |
Total finite-lived |  | 13.4 |  | 464.3 |  |  | (167.8) |  |  | 296.5 |
Indefinite-lived - trade names |  |  |  | 289.3 |  |  | — |  |  | 289.3 |
Total other intangible assets, net |  |  |  | $ | 753.6 |  |  | $ | (167.8) |  |  | $ | 585.8 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense for the succeeding fiscal years is as follows (dollars in millions):
Succeeding fiscal year |  | Estimated amortization expense
2024 |  | $ | 34.5 |
2025 |  | 31.7 |
2026 |  | 30.5 |
2027 |  | 25.6 |
2028 |  | 22.3 |
Thereafter |  | 124.0 |
Total estimated amortization expense |  | $ | 268.6 |

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