v3.26.1
Pension and other postretirement plans
 6 Months Ended
Apr. 30, 2026
Retirement Benefits [Abstract]  
Pension and other postretirement plans
Pension and other postretirement plans
During the second quarter of 2026, we completed a partial plan settlement transaction in regards to our U.S. pension plan in which plan assets amounting to $104,148 were used to purchase a group annuity contract from RGA Life and Annuity Insurance Company ("RGA"). The settlement resulted in a loss of $24,049 as shown on the Condensed Consolidated Statements of Income. This transaction relieved the Company of its responsibility for the pension obligation related to certain retired employees and transferred the obligation and payment responsibility to RGA for retirement benefits owed to approximately 1,000 retirees and other beneficiaries. The annuity contract covers retirees who commenced receiving benefits on or before February 1, 2026. The monthly retirement benefit payment amounts currently received by retirees and their beneficiaries did not change as a result of this transaction. Plan participants not included in the transaction remain in the plans and responsibility for payment of the retirement benefits remains with the Company.
The components of net periodic pension costs for the three and six months ended April 30, 2026 and 2025 were:
 U.S.International
Three Months Ended2026202520262025
Service cost$1,985 $2,531 $133 $239 
Interest cost4,177 4,691 607 639 
Expected return on plan assets(6,020)(6,609)(551)(651)
Amortization of prior service credit— — (2)(2)
Amortization of net actuarial (gain) loss814 474 (87)(68)
Settlement loss24,049 — — — 
Total benefit cost$25,005 $1,087 $100 $157 
 U.S.International
Six Months Ended2026202520262025
Service cost$4,046 $5,062 $265 $471 
Interest cost8,757 9,383 1,211 1,262 
Expected return on plan assets(12,664)(13,219)(1,098)(1,289)
Amortization of prior service credit— — (4)(4)
Amortization of net actuarial (gain) loss1,865 947 (172)(136)
Settlement loss24,049 — — — 
Total benefit cost$26,053 $2,173 $202 $304 
The components of other postretirement benefit costs, for plans in the United States, for the three and six months ended April 30, 2026 and 2025:
Three Months Ended20262025
Service cost$35 $58 
Interest cost522 643 
Amortization of net actuarial gain(413)(124)
Total benefit cost$144 $577 
Six Months Ended20262025
Service cost$70 $117 
Interest cost1,045 1,294 
Amortization of net actuarial gain(827)(250)
Total benefit cost$288 $1,161 
The components of net periodic pension and other postretirement cost, other than service cost, are included in Other income (expense) – net and Pension settlement charge in our Condensed Consolidated Statements of Income.