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Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Apr. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Recurring Fair Value Measurements

The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2015 (Dollars in millions):

		April 30, 2015
		Fair Value Measurement																Balance sheet Location
		Level 1				Level 2				Level 3				Total
Interest rate derivatives		$	—			$	—			$	—			$	—			Other long-term liabilities
Foreign exchange hedges			—				0.1				—				0.1			Prepaid expenses and other current assets
Foreign exchange hedges			—				(1.0	)			—				(1.0	)		Other current liabilities
Insurance annuity			—				—				19.3				19.3			Other long-term assets
Total*		$	—			$	(0.9	)		$	19.3			$	18.4

		October 31, 2014
		Fair Value Measurement																Balance sheet Location
		Level 1				Level 2				Level 3				Total
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, accounts payable, current liabilities and short-term borrowings as of April 30, 2015 approximate their fair values because of the short-term nature of these items and are not included in this table.

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

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

		April 30, 2015				October 31, 2014
Senior Notes due 2017
Estimated fair value		$	320.5			$	325.5
Senior Notes due 2019
Estimated fair value			282.9				287.5
Senior Notes due 2021
Estimated fair value			258.0				297.7
Assets held by special purpose entities
Estimated fair value			54.8				54.5

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

Impairment of long-lived assets held and used for the six months ended April 30, 2014 is immaterial.

		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value of Impairment				Valuation Technique		Unobservable Input		Range of Input Values
		(in millions)
April 30, 2015
Impairment of Long-lived assets		$	2.7			Broker Quote / Indicative Bids		Indicative Bids		N/A
Impairment of Long-lived assets		$	1.5			Sales Value		Sales Value		N/A

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Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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