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INCOME TAXES
 9 Months Ended
Jul. 31, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Income tax expense for the quarter and year to date was computed in accordance with ASC 740-270 "Income Taxes - Interim Reporting." Under this method, losses from jurisdictions for which a valuation allowance has been provided have not been included in the amount to which the ASC 740-270 rate was applied. The Company’s income tax expense may fluctuate due to changes in estimated losses and income from jurisdictions for which a valuation allowance has been provided, the timing of recognition of the related tax expense under ASC 740-270, and the impact of discrete items in the respective quarter.
For the nine months ended July 31, 2024 and July 31, 2023, income tax expense was $15.0 million and $107.9 million, respectively. The $92.9 million net decrease in income tax expense was primarily attributable to the following:
•A $48.1 million decrease related to the recognition of deferred tax assets from onshoring certain non-U.S. intangible property;
•A $38.0 million decrease related to changes in the mix of earnings among tax jurisdictions, including jurisdictions for which valuation allowances have been recorded, as well as the timing of recognition of the related tax expense under ASC 740-270;
•An $8.3 million decrease related to prior year tax returns and audits;
•A $0.7 million increase related to nondeductible goodwill, which reflects the difference in nondeductible goodwill associated with the Delta Divestiture in comparison to the Tama Divestiture; and
•A $0.8 million increase related to other miscellaneous items.