Stock-Based Compensation (Tables)
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12 Months Ended |
Oct. 31, 2025 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Compensation Costs Related to Stock-Based Awards |
Compensation costs related to stock-based compensation awards were as follows (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended October 31 | | 2025 | | 2024 | | 2023 | | Stock option awards | | $ | 8.8 | | | $ | 14.6 | | | $ | 8.5 | | | Performance share awards | | 3.1 | | | (0.2) | | | 2.9 | | | Restricted stock unit awards | | 6.4 | | | 8.0 | | | 6.9 | | | Unrestricted common stock awards | | 0.7 | | | 0.6 | | | 1.1 | | | Total compensation cost for stock-based compensation awards | | $ | 19.0 | | | $ | 23.0 | | | $ | 19.4 | | | Related tax benefit from stock-based compensation awards | | $ | 4.6 | | | $ | 5.6 | | | $ | 4.7 | |
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| Schedule of Weighted Average Valuation Assumptions of Stock-Based Compensation |
The table below illustrates the weighted-average valuation assumptions used under the Black-Scholes valuation method for options granted in the following fiscal periods: | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended October 31 | | 2025 | | 2024 | | 2023 | | Expected life of option in years | | 6.42 | | 6.37 | | 6.31 | | Expected stock price volatility | | 28.08 | % | | 26.76 | % | | 25.20 | % | | Risk-free interest rate | | 4.47 | % | | 3.95 | % | | 3.79 | % | | Expected dividend yield | | 1.43 | % | | 1.15 | % | | 0.95 | % | | Per share weighted-average fair value at date of grant | | $ | 25.52 | | | $ | 30.39 | | | $ | 33.21 | |
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| Schedule of Stock Options Activity |
The table below presents stock option activity for fiscal 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stock Option Awards | | Weighted-Average Exercise Price | | Weighted-Average
Contractual Life (years) | | Aggregate Intrinsic
Value (dollars in millions) | | Outstanding as of October 31, 2024 | | 3,120,366 | | | $ | 83.69 | | | 5.3 | | $ | 23.8 | | | Granted | | 378,970 | | | 80.11 | | | | | | | Exercised | | (188,737) | | | 47.53 | | | | | | | Forfeited | | (131,096) | | | 96.52 | | | | | | | | | | | | | | | | Outstanding as of October 31, 2025 | | 3,179,503 | | | $ | 84.88 | | | 4.8 | | $ | 11.5 | | | Exercisable as of October 31, 2025 | | 2,433,329 | | | $ | 82.68 | | | 3.7 | | $ | 11.5 | |
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| Schedule of Total Market Value and the Intrinsic Value of Options Exercised |
The table below presents the total market value of stock options exercised and the total intrinsic value of options exercised during the following fiscal years (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended October 31 | | 2025 | | 2024 | | 2023 | | Market value of stock options exercised | | $ | 14.4 | | | $ | 25.1 | | | $ | 43.4 | | Intrinsic value of stock options exercised1 | | $ | 5.4 | | | $ | 11.1 | | | $ | 22.8 | |
1 Intrinsic value is calculated as the amount by which the stock price at exercise date exceeded the option exercise price. |
| Schedule of Performance Share Awards Granted |
Factors related to the company's performance share awards are as follows (dollars in millions, except per award data): | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended October 31 | | 2025 | | 2024 | | 2023 | | Weighted-average fair value per award at date of grant | | $ | 80.04 | | | $ | 99.60 | | | $ | 112.14 | | | Fair value of performance share awards vested | | $ | 2.9 | | | $ | 7.7 | | | $ | 5.3 | |
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| Schedule of Unvested Performance Share Awards and the Weighted Average Fair Value at the Date of Grant |
The table below presents fiscal 2025 activity for unvested performance share awards: | | | | | | | | | | | | | | | | | | Performance Shares | | Weighted-Average Fair Value at Date of Grant | | Unvested as of October 31, 2024 | | 206,672 | | | $ | 103.26 | | | Granted | | 138,723 | | | 80.04 | | | Vested | | (29,836) | | | 98.41 | | | Forfeited | | (36,731) | | | 97.19 | | | Unvested as of October 31, 2025 | | 278,828 | | | $ | 91.43 | |
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| Schedule of Restricted Stock and Restricted Stock Unit Awards Granted |
Factors related to the company's restricted stock unit awards are as follows (dollars in millions, except per award data): | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended October 31 | | 2025 | | 2024 | | 2023 | | Weighted-average fair value per award at date of grant | | $ | 74.81 | | | $ | 96.58 | | | $ | 103.40 | | | Fair value of restricted stock units vested | | $ | 7.9 | | | $ | 7.7 | | | $ | 6.2 | |
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| Schedule of Unvested Restricted Stock Shares and the Weighted Average Fair Value at the Date of Grant |
The table below presents fiscal 2025 activity for unvested restricted stock units: | | | | | | | | | | | | | | | | | | Restricted Stock Units | | Weighted-Average Fair Value at Date
of Grant | | Unvested as of October 31, 2024 | | 191,168 | | | $ | 97.58 | | | Granted | | 149,011 | | | 74.81 | | | Vested | | (82,347) | | | 96.49 | | | Forfeited | | (16,670) | | | 94.90 | | | Unvested as of October 31, 2025 | | 241,162 | | | $ | 84.32 | |
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