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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill
(in millions) | Business & Industry |  | Manufacturing & Distribution |  | Education |  | Aviation |  | Technical Solutions |  | Total |  |
Balance at October 31, 2022 | $ | 1,087.8 |  |  | $ | 502.2 |  |  | $ | 459.3 |  |  | $ | 68.7 |  |  | $ | 367.4 |  |  | $ | 2,485.6 |  |  |
Acquisitions | 1.3 |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | 1.1 |  |  |
Foreign currency translation | 3.6 |  |  | — |  |  | — |  |  | 0.3 |  |  | 0.8 |  |  | 4.7 |  |  |
Balance at October 31, 2023 | $ | 1,092.7 |  |  | $ | 502.2 |  |  | $ | 459.3 |  |  | $ | 69.0 |  |  | $ | 368.0 |  |  | $ | 2,491.3 |  |  |
Acquisitions (1) | — |  |  | — |  |  | — |  |  | — |  |  | 80.6 |  |  | 80.6 |  |  |
Foreign currency translation | 2.6 |  |  | — |  |  | — |  |  | 0.4 |  |  | 1.1 |  |  | 4.1 |  |  |
Balance at October 31, 2024 | $ | 1,095.5 |  |  | $ | 502.2 |  |  | $ | 459.3 |  |  | $ | 69.4 |  |  | $ | 449.6 |  |  | $ | 2,575.9 |  |  |
(1) During 2024, goodwill increased primarily as a result of the Quality Uptime Acquisition. See Note 3, “Acquisitions”, for additional information. We did not record goodwill impairment charges during fiscal years 2024 and 2023. Other Intangible Assets
| As of October 31,
| 2024 |  | 2023
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Total |  | Gross Carrying Amount |  | Accumulated Amortization |  | Total
Customer contracts and relationships | $ | 748.2 |  |  | $ | (467.2) |  |  | $ | 281.0 |  |  | $ | 714.1 |  |  | $ | (413.2) |  |  | $ | 300.9 |
Trademarks and trade names | 12.7 |  |  | (11.7) |  |  | 1.0 |  |  | 12.1 |  |  | (11.1) |  |  | 1.0 |
Contract rights and other | 0.7 |  |  | (0.3) |  |  | 0.5 |  |  | 15.0 |  |  | (14.0) |  |  | 1.1 |
Total(1) | $ | 761.7 |  |  | $ | (479.3) |  |  | $ | 282.4 |  |  | $ | 741.2 |  |  | $ | (438.3) |  |  | $ | 302.9 |
(1) These intangible assets are being amortized over the expected period of benefit, with a weighted average life of approximately 11 years. Estimated Annual Amortization Expense for Each of the Next Five Years
(in millions) | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Estimated amortization expense(1) | $ | 51.7 |  |  | $ | 44.8 |  |  | $ | 39.0 |  |  | $ | 33.8 |  |  | $ | 28.5 |
(1) These amounts could vary as acquisitions of additional intangible assets occur in the future and as acquisition accounting is finalized for existing acquisitions. The estimates of future cash flows used in determining the fair value of goodwill and other intangible assets involve significant management judgment and are based upon assumptions about expected future operating performance, economic conditions, market conditions, and cost of capital. Inherent in estimating the future cash flows are uncertainties beyond our control, such as changes in capital markets. The actual cash flows could differ materially from management’s estimates due to changes in business conditions, operating performance, and economic conditions.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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