RESTRUCTURING AND RELATED COSTS

6 Months Ended

Apr. 30, 2026

Restructuring and Related Activities [Abstract]

In the fourth quarter of 2025, we implemented a restructuring program (the “Restructuring Program”) to further streamline our operations and improve the efficiency of our support functions. This initiative is intended to enhance overall organizational effectiveness and ensure alignment between the Company’s cost structure and our strategic growth objectives. We recognized $20.1 million of cumulative restructuring charges under this program through the second quarter of 2026, which includes employee severance, asset impairment charges, and other related costs. We continue to review our overhead and cost structure for additional efficiency opportunities under this program. We expect these actions to be completed in 2026.

Rollforward of Restructuring and Related Liabilities


(in millions)	Employee Severance		Asset Impairment(2)		Other		Total
Balance, October 31, 2025	$	3.4	$	—	$	0.2	$	3.6
Costs recognized(1)	0.7		1.9		4.2		6.8
Payments	$	(2.7)	—		(2.1)		(4.9)
Non-cash items	—		(1.9)		—		(1.9)
Balance, April 30, 2026	$	1.4	$	—	$	2.2	$	3.6

(1) We include these costs within corporate expenses and are included within “Restructuring and related expenses” on the unaudited Consolidated Statements of Comprehensive Income.

(2) Represents various ROU asset impairments due to lease terminations or subleases as part of a real estate optimization project.