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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Oct. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill Activity by Segment | Goodwill
(in millions) | Business & Industry |  | Manufacturing & Distribution |  | Education |  | Aviation |  | Technical Solutions |  | Total
Balance at October 31, 2020 | $ | 574.0 |  |  | $ | 407.2 |  |  | $ | 459.3 |  |  | $ | 69.5 |  |  | $ | 161.5 |  |  | $ | 1,671.4 |
Acquisition | 554.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation | 1.8 |  |  | — |  |  | — |  |  | 0.4 |  |  | 1.2 |  |  | 3.4 |
Balance at October 31, 2021 | $ | 1,129.8 |  |  | $ | 407.2 |  |  | $ | 459.3 |  |  | $ | 69.9 |  |  | $ | 162.7 |  |  | $ | 2,228.9 |
Acquisitions (1) | 61.7 |  |  | — |  |  | — |  |  | — |  |  | 207.5 |  |  | 269.2 |
Reallocation(2) | (95.0) |  |  | 95.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation | (8.7) |  |  | — |  |  | — |  |  | (1.1) |  |  | (2.7) |  |  | (12.6) |
Balance at October 31, 2022 | $ | 1,087.9 |  |  | $ | 502.2 |  |  | $ | 459.3 |  |  | $ | 68.7 |  |  | $ | 367.4 |  |  | $ | 2,485.6 |
(1) During 2022, goodwill increased primarily as a result of the RavenVolt and Momentum acquisitions. See Note 3, “Acquisitions and Dispositions,” for additional information. (2) In connection with the reorganization of our T&M segment in Q1 2022 we reallocated $95.0 million of goodwill from our B&I segment to our M&D segment using a relative fair value approach.
Schedule of Other Intangible Assets | Other Intangible Assets
| As of October 31,
| 2022 |  | 2021
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Total |  | Gross Carrying Amount |  | Accumulated Amortization |  | Total
Customer contracts and relationships | $ | 801.6 |  |  | $ | (442.1) |  |  | $ | 359.6 |  |  | $ | 793.8 |  |  | $ | (378.5) |  |  | $ | 415.3 |
Trademarks and trade names(1) | 21.4 |  |  | (15.4) |  |  | 6.1 |  |  | 19.8 |  |  | (10.4) |  |  | 9.5 |
Contract rights and other(1) | 15.3 |  |  | (2.4) |  |  | 12.9 |  |  | 0.5 |  |  | (0.4) |  |  | 0.1 |
Total(2) | $ | 838.4 |  |  | $ | (459.8) |  |  | $ | 378.5 |  |  | $ | 814.1 |  |  | $ | (389.3) |  |  | $ | 424.8 |
(1) Additions reflect the Momentum and RavenVolt acquisitions in 2022. See Note 3, “Acquisitions and Dispositions,” for additional information. (2) These intangible assets are being amortized over the expected period of benefit, with a weighted average life of approximately 11 years.
Schedule of Estimated Annual Amortization Expense | Estimated Annual Amortization Expense for Each of the Next Five Years
(in millions) | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Estimated amortization expense(1) | $ | 75.9 |  |  | $ | 54.3 |  |  | $ | 47.3 |  |  | $ | 41.2 |  |  | $ | 35.9 |
(1) These amounts could vary as acquisitions of additional intangible assets occur in the future and as purchase price allocations are finalized for existing acquisitions.

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