v3.25.3
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Oct. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives and Consolidated Balance Sheet Location
The following table presents the fair value and location of the company’s derivative instruments on the Consolidated Balance Sheets (dollars in millions):
Fair Value as of October 3120252024
Derivative assets:  
Derivatives designated as cash flow hedging instruments:  
Prepaid expenses and other current assets  
Forward currency contracts$3.6 $2.0 
Derivatives not designated as cash flow hedging instruments:  
Prepaid expenses and other current assets  
Forward currency contracts0.5 0.2 
Total derivative assets$4.1 $2.2 
Derivative liabilities:  
Derivatives designated as cash flow hedging instruments:  
Accrued liabilities  
Forward currency contracts$4.3 $4.7 
Derivatives not designated as cash flow hedging instruments:  
Accrued liabilities  
Forward currency contracts1.3 0.8 
Total derivative liabilities$5.6 $5.5 
Schedule of Effects of the Master Netting Arrangements on the Fair Value of the Company's Derivative Contracts that are Recorded in the Consolidated Balance Sheets
The following table presents the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded on the Consolidated Balance Sheets (dollars in millions):
Fair Value as of October 3120252024
Derivative assets:  
Forward currency contracts:  
Gross amount of derivative assets$4.2 $2.9 
Derivative liabilities offsetting derivative assets0.1 0.7 
Net amount of derivative assets$4.1 $2.2 
Derivative liabilities:  
Forward currency contracts:  
Gross amount of derivative liabilities$6.2 $5.5 
Derivative assets offsetting derivative liabilities0.6 — 
Net amount of derivative liabilities$5.6 $5.5 
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Designated as Cash Flow Hedging Instruments
The following table presents the impact and location of the amounts reclassified from AOCL into net earnings on the Consolidated Statements of Earnings and the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments (dollars in millions):
(Loss) Gain Reclassified from AOCL into IncomeGain (Loss) Recognized in OCI on Derivatives
Fiscal Years Ended October 312025202420252024
Derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Net sales$(1.1)$2.2 $(5.1)$(6.5)
Cost of sales(4.0)3.0 8.3 (10.3)
Total derivatives designated as cash flow hedging instruments$(5.1)$5.2 $3.2 $(16.8)
The following tables present the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from hedge effectiveness testing (dollars in millions):
(Loss) Gain Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2025Net SalesCost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded$4,510.4 $(3,005.6)
(Loss) gain on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of loss reclassified from AOCL into earnings(1.1)(4.0)
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value$2.6 $3.0 
Gain Recognized in Earnings on Cash Flow Hedging Instruments
Fiscal Year Ended October 31, 2024Net SalesCost of Sales
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded$4,583.8 $(3,034.5)
Gain on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain reclassified from AOCL into earnings2.2 3.0 
Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value$2.5 $3.6 
Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings (Loss) for Derivatives Not Designated as Hedging Instruments
The following table presents the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments (dollars in millions):
Fiscal Years Ended October 3120252024
Loss on derivative instruments not designated as cash flow hedging instruments:
Forward currency contracts:
Other expense, net$(5.0)$(8.0)
Total loss on derivatives not designated as cash flow hedging instruments$(5.0)$(8.0)