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POST RETIREMENT BENEFIT PLANS | 6 Months Ended
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Apr. 30, 2024
Retirement Benefits [Abstract] |
POST RETIREMENT BENEFIT PLANS | POST RETIREMENT BENEFIT PLANS The components of net periodic pension cost include the following:
| Three Months Ended April 30, |  | Six Months Ended April 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 1.7 |  |  | $ | 2.0 |  |  | $ | 3.4 |  |  | $ | 4.0 |
Interest cost | 8.7 |  |  | 8.7 |  |  | 17.3 |  |  | 17.4 |
Expected return on plan assets | (10.7) |  |  | (9.7) |  |  | (21.5) |  |  | (19.4) |
Amortization of prior service benefit | (0.1) |  |  | (0.1) |  |  | (0.2) |  |  | (0.2) |
Recognized net actuarial gain | (0.3) |  |  | (0.6) |  |  | (0.5) |  |  | (1.1) |
Net periodic pension (benefit) cost | $ | (0.7) |  |  | $ | 0.3 |  |  | $ | (1.5) |  |  | $ | 0.7 |
The Company expects to make employer contributions of $8.0 million, including benefits paid directly by the Company, during 2024. 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 expense, 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 -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 712 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481565/712-10-50-2 + Details
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