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REDEEMABLE NONCONTROLLING INTERESTS | 12 Months Ended
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Oct. 31, 2023
Noncontrolling Interest [Abstract] |
REDEEMABLE NONCONTROLLING INTERESTS | REDEEMABLE NONCONTROLLING INTERESTS Redeemable noncontrolling interests related to joint ventures are held by the respective noncontrolling interest owners. The holders of these interests share in the profits and losses of these entities on a pro-rata basis with the Company. However, the noncontrolling interest owners have the right to put all or a portion of those noncontrolling interests to the Company at a formulaic price after a set period of time, specific to each agreement. Redeemable noncontrolling interests are reflected in the consolidated balance sheets at redemption value. The following table provides the rollforward of the redeemable noncontrolling interest for the years ended October 31, 2023 and 2022:
(in millions) | Redeemable Noncontrolling Interest
Balance as of October 31, 2021 | $ | 24.1 |
Current period mark to redemption value | (5.5) |
Repurchase of redeemable shareholder interest | (1.9) |
Redeemable noncontrolling interest share of income | 0.1 |
Dividends to redeemable noncontrolling interest and other | (1.0) |
Balance as of October 31, 2022 | 15.8 |
Current period mark to redemption value | (0.1) |
Repurchase of redeemable shareholder interest | (4.6) |
Acquisition of redeemable shareholder interest | 113.0 |
Redeemable noncontrolling interest share of income | 2.7 |
Dividends to redeemable noncontrolling interest and other | (1.5) |
Balance as of October 31, 2023 | $ | 125.3 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent + Details
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- References No definition available. + Details
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