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POST RETIREMENT BENEFIT PLANS | 3 Months Ended
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Jan. 31, 2023
Retirement Benefits [Abstract] |
POST RETIREMENT BENEFIT PLANS | POST RETIREMENT BENEFIT PLANS The components of net periodic pension cost include the following:
| Three Months Ended January 31, |  |
(in millions) | 2023 |  | 2022 |  |  |  |
Service cost | $ | 2.0 |  |  | $ | 3.0 |  |  |  |  |
Interest cost | 8.7 |  |  | 5.1 |  |  |  |  |
Expected return on plan assets | (9.7) |  |  | (8.2) |  |  |  |  |
Amortization of prior service cost | (0.1) |  |  | (0.1) |  |  |  |  |
Recognized net actuarial loss | (0.5) |  |  | 2.0 |  |  |  |  |
Net periodic pension cost | $ | 0.4 |  |  | $ | 1.8 |  |  |  |  |
As previously disclosed in the Company’s 2022 Form 10-K, the Company expects to make employer contributions of $28.4 million, including benefits paid directly by the Company, during 2023. The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item “Other income, net” in the interim condensed consolidated statements of income.

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- Definition The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI https://asc.fasb.org/topic&trid=2197446 + Details
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