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Acquisitions (Tables) | 12 Months Ended
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Oct. 31, 2019
Business Combinations [Abstract] |
Schedule of Consideration Transferred | Consideration Transferred
(in millions, except per share data) |  |
Shares of ABM common stock, net of shares withheld for taxes |  | 9.4 |
ABM common stock closing market price at acquisition date |  | $ | 44.63 |
Fair value of ABM common stock at closing |  | 421.3 |
Cash consideration(1) |  | 837.5 |
Total consideration transferred |  | $ | 1,258.8 |
(1) Revised during the second quarter of 2018 to reflect a post-closing purchase price adjustment related to a net working capital settlement.
Schedule of Preliminary Purchase Price Allocation | Purchase Price Allocation
|  | As reported at
|  | October 31, 2018
(in millions) |  | (finalized)
Cash and cash equivalents |  | $ | 0.2 |
Trade accounts receivable(1) |  | 116.3 |
Prepaid expenses and other current assets |  | 12.0 |
Property, plant and equipment |  | 37.3 |
Customer relationships(2) |  | 340.0 |
Trade names(2) |  | 8.0 |
Goodwill(3) |  | 926.9 |
Other assets |  | 4.0 |
Trade accounts payable |  | (9.6 | )
Insurance reserves |  | (35.2 | )
Income taxes payable |  | (8.6 | )
Accrued liabilities |  | (38.8 | )
Deferred income tax liability, net |  | (85.6 | )
Other liabilities |  | (8.1 | )
Net assets acquired |  | $ | 1,258.8 |
(1) The gross amount of trade accounts receivable was $121.9 million, of which $5.6 million was deemed uncollectible at October 31, 2018. (2) The amortization periods for the acquired intangible assets are 15 years for customer relationships and 2 years for trade names. (3) Goodwill is largely attributable to value we expect to obtain from long-term business growth, the established workforce, and buyer-specific synergies. This goodwill is not deductible for income tax purposes.
Schedule of Pro Forma Financial Information | Accordingly, the unaudited pro forma information is not necessarily indicative of the results that would have been achieved if the acquisition had been effective on November 1, 2015.
(in millions) | Year Ended October 31, 2017
Pro forma revenue | $ | 6,293.0 |
Pro forma income from continuing operations | 95.5 |

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