POST RETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Oct. 31, 2012

Number of Participants in Defined Benefit Plans

The following table presents the number of participants in the defined benefit plans:


											Other
October 31, 2012	Consolidated		USA		Germany		United Kingdom		Netherlands		International
Active participants		2,402		2,004		127		158		48		65
Vested former employees		3,660		2,913		63		418		249		17
Retirees and beneficiaries		4,043		2,210		248		726		804		55
Other plan participants		35		0		0		0		35		0


October 31, 2011	Consolidated		USA		Germany		United Kingdom		Netherlands		Other Intl
Active participants		2,507		2,113		125		158		46		65
Vested former employees		3,581		2,923		68		418		154		18
Retirees and beneficiaries		3,749		2,142		245		726		583		53
Other plan participants		1		0		0		0		1		0

Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs

The actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:


																Other
For the year ended October 31, 2012	Consolidated			United States			Germany			United Kingdom			Netherlands			International
Discount rate		3.92	%		4.00	%		3.50	%		4.25	%		3.25	%		4.89	%
Expected return on plan assets		6.46	%		6.75	%		N/A			6.75	%		5.00	%		6.55	%
Rate of compensation increase		2.99	%		3.00	%		2.75	%		3.50	%		2.25	%		2.29	%

For the year ended October 31, 2011
Discount rate		4.94	%		4.90	%		5.25	%		5.00	%		5.00	%		5.55	%
Expected return on plan assets		7.20	%		8.25	%		N/A			7.50	%		4.25	%		6.60	%
Rate of compensation increase		3.13	%		3.00	%		2.75	%		4.00	%		2.25	%		2.70	%

For the year ended October 31, 2010
Discount rate		5.20	%		5.50	%		5.00	%		5.25	%		4.25	%		5.44	%
Expected return on plan assets		7.50	%		8.25	%		N/A			7.50	%		6.00	%		6.68	%
Rate of compensation increase		3.11	%		3.00	%		2.75	%		4.00	%		2.25	%		3.01	%

Components of Net Periodic Pension Cost

The components of net periodic pension cost include the following (Dollars in millions):


															Other
For the year ended October 31, 2012	Consolidated			United States			Germany		United Kingdom			Netherlands			International
Service cost	$	13.4		$	10.0		$	0.4	$	2.1		$	0.5		$	0.4
Interest cost		29.6			16.6			1.4		7.0			3.9			0.7
Expected return on plan assets		(33.9	)		(17.6	)		—		(11.8	)		(3.6	)		(0.9	)
Amortization of prior service cost		1.5			1.5			—		—			—			—
Recognized net actuarial loss		11.4			9.9			0.1		0.6			0.4			0.4

Net periodic pension cost		22.0			20.4			1.9		(2.1	)		1.2			0.6


															Other
For the year ended October 31, 2011	Consolidated			United States			Germany		United Kingdom			Netherlands			International
Service cost	$	12.7		$	9.0		$	0.5	$	2.1		$	0.7		$	0.4
Interest cost		29.6			16.6			1.4		7.1			3.9			0.6
Expected return on plan assets		(36.8	)		(19.7	)		—		(12.7	)		(3.7	)		(0.7	)
Amortization of prior service cost		1.9			1.9			—		—			—			—
Recognized net actuarial loss		8.4			7.1			0.1		0.4			0.4			0.4

Net periodic pension cost	$	15.8		$	14.9		$	2.0	$	(3.1	)	$	1.3		$	0.7


															Other
For the year ended October 31, 2010	Consolidated			United States			Germany		United Kingdom			Netherlands			International
Service cost	$	12.7		$	9.2		$	0.4	$	2.3		$	0.4		$	0.4
Interest cost		29.3			16.0			1.4		7.0			4.3			0.6
Expected return on plan assets		(34.8	)		(18.1	)		—		(11.6	)		(4.4	)		(0.7	)
Amortization of transition net asset		—			—			—		—			—			—
Amortization of prior service cost		0.9			0.9			—		—			—			—
Recognized net actuarial loss		6.7			5.9			—		0.5			—			0.3

Net periodic pension cost	$	14.8		$	13.9		$	1.8	$	(1.8	)	$	0.3		$	0.6

Change in Projected Benefit Obligation

The following table sets forth the plans’ change in projected benefit obligation (Dollars in millions):


																Other
	Consolidated			USA			Germany			United Kingdom			Netherlands			International
For the year ended October 31, 2012
Change in benefit obligation:
Benefit obligation at beginning of year	$	616.2		$	345.5		$	27.9		$	142.1		$	85.3		$	15.4
Service cost		13.4			10.0			0.4			2.1			0.5			0.4
Interest cost		29.6			16.6			1.4			7.0			3.9			0.7
Plan participant contributions		0.3			—			—			0.1			0.2			—
Expenses paid from assets		(1.1	)		(1.1	)		—			—			—			—
Multi-plan combination		1.7			—			—			1.7			—			—
Actuarial loss		91.9			47.3			8.4			11.4			24.0			0.8
Foreign currency effect		(1.7	)		—			(1.5	)		3.9			(4.5	)		0.4
Benefits paid		(27.9	)		(13.6	)		(1.3	)		(6.4	)		(6.0	)		(0.6	)

Benefit obligation at end of year	$	722.4		$	404.7		$	35.3		$	161.9		$	103.4		$	17.1

For the year ended October 31, 2011
Change in benefit obligation:
Benefit obligation at beginning of year	$	580.7		$	309.5		$	28.5		$	134.5		$	94.9		$	13.3
Service cost		12.7			9.0			0.5			2.1			0.7			0.4
Interest cost		29.5			16.6			1.4			7.0			3.9			0.6
Plan participant contributions		0.5			—			—			0.3			0.2			—
Amendments		(1.7	)		(0.7	)		—			(1.0	)		—			—
Actuarial (gain) loss		25.0			24.8			(0.8	)		6.2			(7.0	)		1.8
Foreign currency effect		(2.9	)		—			(0.4	)		(1.3	)		(1.2	)		—
Benefits paid		(27.6	)		(13.7	)		(1.3	)		(5.7	)		(6.2	)		(0.7	)

Benefit obligation at end of year	$	616.2		$	345.5		$	27.9		$	142.1		$	85.3		$	15.4

The fair value of the pension plans’ investments is presented below. The inputs and valuation techniques used to measure the fair value of the assets are consistently applied and described in Note 1.


	Consolidated			USA			Germany		United Kingdom			Netherlands			Other International
For the year ended October 31, 2012
Change in plan assets:
Fair value of plan assets at beginning of year	$	540.3		$	263.0		$	—	$	176.7		$	87.9		$	12.7
Actual return on plan assets		66.2			35.3			—		8.6			21.9			0.4
Expenses paid		(1.1	)		(1.1	)		—		—			—			—
Plan participant contributions		0.3			—			—		0.1			0.2			—
Multi-plan combination		1.7			—			—		1.7			—			—
Foreign currency impact		(0.2	)		—			—		4.5			(4.7	)		—
Employer contributions		18.0			14.3			—		2.2			—			1.5
Benefits paid		(26.1	)		(13.1	)		—		(6.4	)		(6.0	)		(0.6	)

Fair value of plan assets at end of year	$	599.1		$	298.4		$	—	$	187.4		$	99.3		$	14.0

For the year ended October 31, 2011
Change in plan assets:
Fair value of plan assets at beginning of year	$	514.7		$	228.3		$	—	$	178.5		$	97.7		$	10.2
Actual return on plan assets		21.4			21.0			—		2.8			(2.6	)		0.2
Expenses paid		(1.0	)		(1.0	)		—		—			—			—
Plan participant contributions		0.5			—			—		0.3			0.2			—
Other		1.1			—			—		(0.7	)		—			1.8
Foreign currency effects		(3.2	)		—			—		(1.5	)		(1.2	)		(0.5	)
Employer contributions		32.6			27.9			—		3.0			—			1.7
Benefits paid		(25.8	)		(13.2	)		—		(5.7	)		(6.2	)		(0.7	)

Fair value of plan assets at end of year	$	540.3		$	263.0		$	—	$	176.7		$	87.9		$	12.7

Benefit Obligations in Excess of Plan Assets

The following tables set forth the PBO, ABO, plan assets and instances where the ABO exceeds the plan assets for the respective years (Dollars in millions):


											Other
Actuarial value of benefit obligations	Consolidated		USA		Germany		United Kingdom		Netherlands		International
October 31, 2012
Projected benefit obligation		722.4		404.7		35.3		161.9		103.4		17.1
Accumulated benefit obligation		687.8		382.0		32.5		156.6		102.0		14.7
Plan assets		599.1		298.4		—		187.4		99.3		14.0

October 31, 2011
Projected benefit obligation		616.2		345.5		27.9		142.1		85.3		15.4
Accumulated benefit obligation		589.1		327.2		26.0		138.3		84.4		13.2
Plan assets		540.3		263.0		—		176.7		87.9		12.7

Plans with ABO in excess of Plan assets
October 31, 2012
Accumulated benefit obligation		531.2		382.0		32.5		—		102.0		14.7
Plan assets		408.3		298.4		—		—		99.3		10.6

October 31, 2011
Accumulated benefit obligation		366.4		327.2		26.0		—		—		13.2
Plan assets		272.1		263.0		—		—		—		9.1

Future Benefit Payments Next Five Years and Thereafter

Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):


Year	Expected benefit payments
2013	$	45.6
2014	$	31.2
2015	$	31.9
2016	$	33.0
2017	$	34.4
2018-2022	$	184.0

Weighted Average Asset Allocations at Measurement Date and Target Asset Allocations

The Company’s weighted average asset allocations at the measurement date and the target asset allocations by category are as follows:


	2012			2012			2011			2011
Asset Category	Target			Actual			Target			Actual
Equity securities		34	%		34	%		41	%		42	%
Debt securities		45	%		45	%		35	%		34	%
Other		21	%		21	%		24	%		24	%

Total		100	%		100	%		100	%		100	%

Fair Value Measurements for Pension Assets

The following table presents the fair value measurements for the pension assets:

As of October 31, 2012 (Dollars in millions)


	Fair Value Measurement
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities	$	7.7	$	216.3	$	—	$	224.0
Fixed income		89.0		99.3		—		188.3
Debt securities		—		56.8		—		56.8
Insurance annuity		—		—		99.3		99.3
Other		15.1		15.6		—		30.7

Total	$	111.8	$	388.0	$	99.3	$	599.1

As of October 31, 2011 (Dollars in millions)


	Fair Value Measurement
Asset Category	Level 1		Level 2		Level 3		Total
Equity securities	$	78.0	$	149.3	$	—	$	227.3
Fixed income		75.9		75.8		—		151.7
Debt securities		—		28.1		—		28.1
Insurance annuity		—		—		87.9		87.9
Other		17.8		27.5		—		45.3

Total	$	171.7	$	280.7	$	87.9	$	540.3

Amounts Recognized in Consolidated Financial Statements

Financial statement presentation including other comprehensive income:


															Other
As of October 31, 2012	Consolidated			USA			Germany			United Kingdom		Netherlands			International
Unrecognized net actuarial loss	$	203.5		$	140.9		$	12.0		$	26.0	$	17.6		$	7.0
Unrecognized prior service cost		0.9			0.9			—			—		—			—
Unrecognized initial net obligation		0.4			—			—			—		—			0.4

Accumulated other comprehensive loss	$	204.8		$	141.8		$	12.0		$	26.0	$	17.6		$	7.4


Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	28.8		$	—		$	—		$	25.6	$	—		$	3.2
Accrued benefit liability		(152.1	)		(106.3	)		(35.3	)		—		(4.1	)		(6.4	)
Accumulated other comprehensive loss		204.8			141.8			12.0			26.0		17.6			7.4

Net amount recognized	$	81.5		$	35.5		$	(23.3	)	$	51.6	$	13.5		$	4.2


														Other
As of October 31, 2011	Consolidated			USA			Germany			United Kingdom		Netherlands		International
Unrecognized net actuarial loss	$	153.4		$	119.5		$	3.9		$	11.5	$	12.9	$	5.6
Unrecognized prior service cost		4.7			4.7			—			—		—		—
Unrecognized initial net obligation		0.5			(0.1	)		—			—		—		0.6

Accumulated other comprehensive loss	$	158.6		$	124.1		$	3.9		$	11.5	$	12.9	$	6.2


Amounts recognized in the Consolidated Balance Sheets consist of:
Prepaid benefit cost	$	40.7		$	—		$	—		$	34.6	$	2.6	$	3.5
Accrued benefit liability		(115.0	)		(80.9	)		(27.9	)		—		—		(6.2	)
Accumulated other comprehensive loss		158.6			124.1			3.9			11.5		12.9		6.2

Net amount recognized	$	84.3		$	43.2		$	(24.0	)	$	46.1	$	15.5	$	3.5


	October 31, 2012			October 31, 2011
Accumulated other comprehensive loss at beginning of year	$	158.6		$	132.3
Increase or (decrease) in accumulated other comprehensive (income) or loss
Net transition obligation amortized during fiscal year		(0.1	)		(0.1	)
Net prior service costs amortized during fiscal year		(1.5	)		(1.9	)
Net loss amortzied during fiscal year		(11.3	)		(8.4	)
Prior service (cost) or credit recognized during fiscal year due to curtailment		(2.3	)		0.3
Prior service costs occuring during fiscal year		—			25.0
Liability loss occuring during fiscal year		92.0			13.7
Asset (gain) occuring during fiscal year		(30.7	)		(2.0	)

Increase in accumulated other comprehensive or loss	$	46.1		$	26.6
Foreign currency impact		0.1			(0.3	)

Accumulated other comprehensive (income) or loss at Current fiscal year end	$	204.8		$	158.6

Components of Net Periodic Cost for Postretirement Benefits

The components of net periodic cost for the postretirement benefits include the following (Dollars in millions):


For the years ended October 31,	2012			2011			2010
Service cost	$	—		$	—		$	—
Interest cost		1.1			1.2			1.6
Amortization of prior service cost		(1.6	)		(1.6	)		(1.3	)
Recognized net actuarial loss (gain)		—			(0.1	)		(0.1	)

Net periodic (income) cost	$	(0.5	)	$	(0.5	)	$	0.2

Plan's Change in Benefit Obligation, Change in Plan Assets and Amounts Recognized in Consolidated Financial Statements

The following table sets forth the plans’ change in benefit obligation, change in plan assets and amounts recognized in the consolidated financial statements (Dollars in millions):


	October 31, 2012			October 31, 2011
Benefit obligation at beginning of year	$	20.8		$	21.6
Service cost		—			—
Interest cost		1.0			1.2
Actuarial loss		0.2			0.8
Foreign currency effect		(0.3	)		(0.5	)
Plan amendments		—			—
Benefits paid		(2.4	)		(2.3	)

Benefit obligation at end of year	$	19.3		$	20.8

Funded status	$	(19.3	)	$	(20.8	)
Unrecognized net actuarial loss		(0.9	)		(1.1	)
Unrecognized prior service credit		(10.7	)		(12.4	)

Net amount recognized	$	(30.9	)	$	(34.3	)

Summary of Healthcare Cost Trend Rates on Gross Eligible Charges

The healthcare cost trend rates on gross eligible charges are as follows:


	Medical
Current trend rate		7.2	%

Ultimate trend rate		5.2	%

Year ultimate trend rate reached		2018

Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates

A one-percentage point change in assumed health care cost trend rates would have the following effects (Dollars in thousands):


	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost components	$	55	$	(47	)
Effect on postretirement benefit obligation	$	664	$	(553	)

Postretirement Health Care and Life Insurance Benefits [Member]

Number of Participants in Defined Benefit Plans

The following table presents the number of participants in the post-retirement health and life insurance benefit plans:


October 31, 2012	Consolidated		USA		South Africa
Active participants		31		12		19
Vested former employees		0		0		0
Retirees and beneficiaries		916		812		104
Other plan participants		0		0		0

October 31, 2011	Consolidated		USA		South Africa
Active participants		32		12		20
Vested former employees		0		0		0
Retirees and beneficiaries		1,112		1,000		112
Other plan participants		0		0		0

Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs

The discount rate actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:


	Consolidated			United States			South Africa
For the year ended October 31, 2012		4.77	%		4.00	%		7.75	%
For the year ended October 31, 2011		5.56	%		4.90	%		8.25	%

Future Benefit Payments Next Five Years and Thereafter

Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):


Year	Expected benefit payments
2013	$	2.3
2014	$	2.0
2015	$	1.8
2016	$	1.7
2017	$	1.6
2018-2022	$	6.9

Level 3 [Member]

Reconciliation of Beginning and Ending Balances of the Fair Value Measurements Using Significant Unobservable Inputs

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3). There have been no transfers in or out of level 3:


	Non-U.S. Pension Plan
(Dollars in millions)	2012			2011
Balance at beginning of year	$	87.9		$	97.7

Actual return on plan assets held at reporting date:
Assets still held at reporting date		21.9			(2.6	)
Plan participant contributions		0.2			0.2
Settlements		(6.0	)		(6.2	)

Currency impact		(4.7	)		(1.2	)

Balance at end of year	$	99.3		$	87.9