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GOODWILL
3 Months Ended
Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL GOODWILL
In December 2024, the Company announced changes to its reporting structure, effective November 1, 2024, moving to a material solution-based structure. This internal re-alignment has resulted in a change in the Company’s reportable segments from three: Global Industrial Packaging; Paper Packaging & Services; and Land Management; to four: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions.
Changes to the Company’s operating segments resulted in a change to the Company’s reporting units, which are aligned to the Company’s operating and reportable segments: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions. As a result of this segment realignment, the Company allocated goodwill to the reporting units existing under the new organizational structure on a relative fair value basis as of the first quarter of 2025.
In conjunction with the goodwill allocation described above, the Company tested its reporting units for potential impairment immediately before and after the segment realignment and concluded that the estimated fair value of each reporting unit exceeded its respective carrying value.
The following table summarizes the changes in the carrying amount of goodwill by segment for the three months ended January 31, 2025:
(in millions)Global Industrial
Packaging
Paper
Packaging & Services
Customized Polymer SolutionsDurable Metal SolutionsSustainable Fiber SolutionsIntegrated SolutionsTotal
Balance at October 31, 2024$1,148.3 $805.4 $— $— $— $— $1,953.7 
Segment recast(1,148.3)(805.4)607.9 401.8 774.1 169.9 — 
Goodwill acquired— — 11.2 — — — 11.2 
Currency translation— — (10.1)(10.9)— (2.3)(23.3)
Balance at January 31, 2025$— $— $609.0 $390.9 $774.1 $167.6 $1,941.6