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Shareholders Equity and Comprehensive Income | 3 Months Ended
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Jan. 31, 2014
Equity [Abstract] |
Shareholders Equity and Comprehensive Income | NOTE 17 — SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME The following table summarizes the changes of Shareholders’ Equity from October 31, 2013 to January 31, 2014 (Dollars in millions, shares in thousands):
|  | Capital Stock |  |  | Treasury Stock |  |  |  |  |  |  |  |  | Accumulated Other |  |  |  |
|  | Common Shares |  |  | Amount |  |  | Treasury Shares |  |  | Amount |  |  | Retained Earnings |  |  | Noncontrolling interests |  |  | Comprehensive Income (Loss) |  |  | Shareholders’ Equity |
As of October 31, 2013 |  |  | 47,577 |  |  | $ | 129.4 |  |  |  | 29,265 |  |  | $ | (131.0 | ) |  | $ | 1,443.8 |  |  | $ | 114.8 |  |  | $ | (159.0 | ) |  | $ | 1,398.0 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29.5 |  |  |  | 1.1 |  |  |  |  |  |  |  | 30.6 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.6 | ) |  |  | (32.5 | ) |  |  | (33.1 | )
- Reclassification of cash flow hedges to earnings, net of income tax benefit of $0.1 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.2 |  |  |  | 0.2 |
- Unrealized loss on cash flow hedges, net of immaterial income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.1 | ) |  |  | (0.1 | )
- minimum pension liability adjustment, net of income tax benefit of $0.1 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3 | ) |  |  | (0.3 | )
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2.7 | )
Noncontrolling interests and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.7 |  |  |  |  |  |  |  | 0.7 |
Dividends paid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (24.4 | ) |  |  |  |  |  |  |  |  |  |  | (24.4 | )
Stock options exercised |  |  | 4 |  |  |  | 0.1 |  |  |  | (4 | ) |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.1 |
Long-term incentive shares issued |  |  | 56 |  |  |  | 2.8 |  |  |  | (56 | ) |  |  | 0.1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.9 |
As of January 31, 2014 |  |  | 47,637 |  |  | $ | 132.3 |  |  |  | 29,205 |  |  | $ | (130.9 | ) |  | $ | 1,448.9 |  |  | $ | 116.0 |  |  | $ | (191.7 | ) |  | $ | 1,374.6 |
The following table provides the rollforward of accumulated other comprehensive income for the three months ended January 31, 2014 (Dollars in millions):
|  | Foreign Currency Translation |  |  | Cash Flow Hedges |  |  | Minimum Pension Liability Adjustment |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance as of October 31, 2013 |  | $ | (63.3 | ) |  | $ | (0.6 | ) |  | $ | (95.1 | ) |  | $ | (159.0 | )
Other Comprehensive Loss Before Reclassifications |  |  | (32.5 | ) |  |  | (0.1 | ) |  |  | (0.3 | ) |  | $ | (32.9 | )
Amounts reclassified from Accumulated Other Comprehensive Loss |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  | $ | 0.2 |
Current-period Other Comprehensive Income (Loss) |  |  | (32.5 | ) |  |  | 0.1 |  |  |  | (0.3 | ) |  |  | (32.7 | )
Balance as of January 31, 2014 |  | $ | (95.8 | ) |  | $ | (0.5 | ) |  | $ | (95.4 | ) |  | $ | (191.7 | )
The following table provides the rollforward of accumulated other comprehensive income for the three months ended January 31, 2013 (Dollars in millions):
|  | Foreign Currency Translation |  |  | Cash Flow Hedges |  |  | Minimum Pension Liability Adjustment |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance as of October 31, 2012 |  | $ | (69.1 | ) |  | $ | (0.9 | ) |  | $ | (126.0 | ) |  | $ | (196.0 | )
Other Comprehensive Income (Loss) Before Reclassifications |  |  | 11.6 |  |  |  | 0.1 |  |  |  | (0.4 | ) |  |  | 11.3 |
Amounts reclassified from Accumulated Other Comprehensive Loss |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Current-period Other Comprehensive Income |  |  | 11.6 |  |  |  | 0.2 |  |  |  | (0.4 | ) |  |  | 11.4 |
Balance as of January 31, 2013 |  | $ | (57.5 | ) |  | $ | (0.7 | ) |  | $ | (126.4 | ) |  | $ | (184.6 | )
The components of accumulated other comprehensive income above are presented net of tax, as applicable. The following table provides amounts reclassified out of accumulated other comprehensive income for the three months ended January 31 (Dollars in millions):
Details about Accumulated Other Comprehensive Income Components |  | Ammount Reclassified from Accumulated Other Comprehensive Loss |  |  | Location on Consolidated Statements of Income
|  | 2014 |  |  | 2013 |  |  |
Cash Flow Hedges |  | $ | 0.2 |  |  | $ | 0.1 |  |  | Other expense, net
|  | $ | 0.2 |  |  | $ | 0.1 |  |  | Net income

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