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ACQUISITIONS AND DISPOSITIONS (Tables) | 9 Months Ended
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Jul. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Preliminary Purchase Price Allocation | The following table summarizes the preliminary acquisition accounting on the date of acquisition as previously reported at year-end 2021 and at the end of the third quarter of 2022:
(in millions) |  | Preliminary Purchase Price Allocation |  | Adjustments |  | Updated Preliminary Purchase Price Allocation
Cash and cash equivalents |  | $ | 31.5 |  |  | $ | — |  |  | $ | 31.5 |
Trade accounts receivable(1) |  | 159.3 |  |  | (0.7) |  |  | 158.5 |
Other assets |  | 24.9 |  |  | (4.4) |  |  | 20.5 |
Customer relationships(2) |  | 220.0 |  |  | — |  |  | 220.0 |
Trade names(2) |  | 10.0 |  |  | — |  |  | 10.0 |
Goodwill(3) |  | 554.0 |  |  | 34.0 |  |  | 588.0 |
Trade accounts payable |  | (27.0) |  |  | (4.1) |  |  | (31.1) |
Accrued compensation |  | (38.2) |  |  | (2.1) |  |  | (40.3) |
Insurance claims |  | (91.6) |  |  | (1.1) |  |  | (92.7) |
Other liabilities |  | (41.7) |  |  | (16.0) |  |  | (57.7) |
Deferred income tax liability, net |  | (59.5) |  |  | 0.3 |  |  | (59.2) |
Net assets acquired |  | $ | 741.7 |  |  | $ | 5.8 |  |  | $ | 747.5 |
(1) The gross amount of trade accounts receivable was $160.5 million, of which $1.9 million was deemed uncollectible. (2) The amortization periods for the acquired intangible assets are 15 years for customer relationships and two 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 | The following table presents our unaudited pro forma results as though the acquisition occurred on November 1, 2020. These results include adjustments for the estimated amortization of intangible assets, interest expense, and the income tax impact of the pro forma adjustments at the statutory rate of 28%. These unaudited pro forma results do not reflect the cost of integration activities or benefits from expected revenue enhancements and synergies.
(in millions) |  | Three Months Ended July 31, 2021 |  | Nine Months Ended July 31, 2021
Pro forma revenue |  | $ | 1,810.7 |  |  | $ | 5,338.4 |
Pro forma (loss) income from operations(1) |  | (12.9) |  |  | 94.4 |
(1) These results were adjusted to exclude $2.5 million of acquisition-related costs incurred during the three and nine months ended July 31, 2021, which are included in “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Comprehensive Income (Loss).

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