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Summary of Significant Accounting Policies and Related Data (Tables) | 12 Months Ended
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Oct. 31, 2023
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories, net were as follows (dollars in millions):
October 31 |  | 2023 |  | 2022
Raw materials and work in process |  | $ | 400.3 |  |  | $ | 482.9 |
Finished goods and service parts |  | 844.2 |  |  | 738.1 |
Total FIFO value |  | 1,244.5 |  |  | 1,221.0 |
Less: adjustment to LIFO value |  | 156.7 |  |  | 169.9 |
Total inventories, net |  | $ | 1,087.8 |  |  | $ | 1,051.1 |
Schedule of Property, Plant and Equipment | Property, plant and equipment, net was as follows (dollars in millions):
October 31 |  | 2023 |  | 2022
Land and land improvements |  | $ | 69.0 |  |  | $ | 59.6 |
Buildings and leasehold improvements |  | 355.8 |  |  | 324.3 |
Machinery and equipment |  | 624.6 |  |  | 557.6 |
Tooling |  | 260.4 |  |  | 225.9 |
Computer hardware and software |  | 98.0 |  |  | 104.7 |
Construction in process |  | 133.2 |  |  | 144.4 |
Property, plant and equipment, gross |  | 1,541.0 |  |  | 1,416.5 |
Less: accumulated depreciation |  | 899.3 |  |  | 844.8 |
Property, plant and equipment, net |  | $ | 641.7 |  |  | $ | 571.7 |
Schedule of Changes in Accrued Warranties | The changes in accrued warranties were as follows (dollars in millions):
Fiscal Years Ended October 31 |  | 2023 |  | 2022 |  | 2021
Beginning balance |  | $ | 134.5 |  |  | $ | 116.8 |  |  | $ | 107.1 |
Changes in accrual related to warranties issued during the period 1 |  | 90.1 |  |  | 81.5 |  |  | 73.5 |
Acquisitions |  | — |  |  | 5.7 |  |  | — |
Payments made during the period 1 |  | (84.5) |  |  | (74.6) |  |  | (71.3) |
Changes in accrual related to pre-existing warranties 1 |  | 3.8 |  |  | 5.1 |  |  | 7.5 |
Ending balance |  | $ | 143.9 |  |  | $ | 134.5 |  |  | $ | 116.8 |
1 Presentation of prior period changes in accrued warranties has been conformed to the current year presentation. There was no impact to the balance of accrued warranties in any period.
Reconciliations of Basic and Diluted Weighted Average Shares of Common Stock Outstanding | Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows (in millions):
Fiscal Years Ended October 31 |  | 2023 |  | 2022 |  | 2021
Basic |  |  |  |  |  |
Weighted-average number of shares of common stock |  | 104.4 |  |  | 104.8 |  |  | 107.3 |
Assumed issuance of contingent shares |  | — |  |  | — |  |  | — |
Weighted-average number of shares of common stock outstanding – Basic |  | 104.4 |  |  | 104.8 |  |  | 107.3 |
Diluted |  |  |  |  |  |
Weighted-average number of shares of common stock outstanding – Basic |  | 104.4 |  |  | 104.8 |  |  | 107.3 |
Effect of dilutive securities |  | 0.9 |  |  | 0.8 |  |  | 1.1 |
Weighted-average number of shares of common stock outstanding – Diluted |  | 105.3 |  |  | 105.6 |  |  | 108.5 |

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