Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Oct. 31, 2015

The following table presents the fair value of those assets and (liabilities) measured on a recurring basis as of October 31, 2015 and 2014 (Dollars in millions):


	October 31, 2015										Balance sheet Location
	Level 1		Level 2			Level 3		Total			Balance sheet Location
Foreign exchange hedges	$	—	$	0.3		$	—	$	0.3		Prepaid expenses and other current assets
Foreign exchange hedges		—		(0.2	)				(0.2	)	Other current liabilities
Insurance Annuity**		—		—			20.1		20.1		Other long-term assets

Total*	$	—	$	0.1		$	20.1	$	20.2


	October 31, 2014
	October 31, 2014										Balance sheet Location
	Level 1		Level 2			Level 3		Total			Balance sheet Location
Interest rate derivatives	$	—	$	(0.2	)	$	—	$	(0.2	)	Other long-term liabilities
Foreign exchange hedges		—		0.6			—		0.6		Prepaid expenses and other current assets
Foreign exchange hedges		—		(0.2	)		—		(0.2	)	Other current liabilities
Insurance Annuity**		—		—			22.6		22.6		Other long-term assets

Total*	$	—	$	0.2		$	22.6	$	22.8

The carrying amounts of cash and cash equivalents, trade accounts receivable, notes receivable, accounts payable, current liabilities and short-term borrowings as of October 31, 2015 and 2014 approximate their fair values because of the short-term nature of these items and are not included in this table.

**	The change in the fair value of the insurance annuity is primarily due to changes in foreign currency exchange rates.

Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities

The following table presents the estimated fair values for the Company’s Senior Notes and Assets held by special purpose entities (Dollars in millions):


	October 31, 2015		October 31, 2014
Senior Notes due 2017 Estimated fair value	$	314.8	$	325.5
Senior Notes due 2019 Estimated fair value		280.6		287.5
Senior Notes due 2021 Estimated fair value		258.7		297.7
Assets held by special purpose entities Estimated fair value		54.4		54.5

Summary of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used for the twelve months ended October 31, 2015.


	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value of Impairment		Valuation Technique	Unobservable Input	Range of Input Values
		(in millions)
October 31, 2015

Impairment of Long-lived assets-Land & Building	$	28.1	Broker Quote / Indicative Bids	Indicative Bids	N/A

Impairment of Long-lived assets-Machinery & Equipment	$	17.8	Sales Value	Sales Value	N/A