Financial Instruments and Fair Value Measurements (Tables)
 12 Months Ended
Oct. 31, 2016
Fair Value Disclosures [Abstract]  
Recurring Fair Value Measurements
The following table presents the fair value of those assets and (liabilities) measured on a recurring basis as of October 31, 2016 and 2015 (Dollars in millions):
 
 
October 31, 2016
 
Balance sheet
Location
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
Foreign exchange hedges
$
—

 
$
0.3

 
$
—

 
$
0.3

 
Prepaid expenses and other current assets
Foreign exchange hedges
—

 
(0.3
)
 
—

 
(0.3
)
 
Other current liabilities
Insurance Annuity
—

 
—

 
20.1

 
20.1

 
Other long-term assets
Total*
$
—

 
$
—

 
$
20.1

 
$
20.1

 
 
 
 
 
 
 
 
 
 
 
 
 
October 31, 2015
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Balance sheet
Location
Foreign exchange hedges
—

 
0.3

 
—

 
0.3

 
Prepaid expenses and other current assets
Foreign exchange hedges
—

 
(0.2
)
 


 
(0.2
)
 
Other current liabilities
Insurance Annuity
—

 
—

 
20.1

 
20.1

 
Other long-term assets
Total*
$
—

 
$
0.1

 
$
20.1

 
$
20.2

 
 
 
*    The carrying amounts of cash and cash equivalents, trade accounts receivable, notes receivable, accounts payable, current liabilities and short-term borrowings as of October 31, 2016 and 2015 approximate their fair values because of the short-term nature of these items and are not included in this table.
Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities
The following table presents the estimated fair values for the Company’s Senior Notes and Assets held by special purpose entities (Dollars in millions):
 
 
October 31, 2016
 
October 31, 2015
Senior Notes due 2017 Estimated fair value
$
302.4

 
$
314.8

Senior Notes due 2019 Estimated fair value
280.1

 
280.6

Senior Notes due 2021 Estimated fair value
264.9

 
258.7

Assets held by special purpose entities Estimated fair value
54.3

 
54.4
Summary of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used
The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the twelve months ended October 31, 2016 and October 31, 2015 (Dollars in millions):
 
Quantitative Information about Level 3 Fair Value Measurements
 
Fair Value of
Impairment
 
Valuation
Technique
 
Unobservable
Input
 
Range
of Input Values
October 31, 2016
 
 
 
 
 
 
 
Impairment of Net Assets Held for Sale
$
37.6

 
Broker Quote /
Indicative Bids
 
Indicative Bids
 
N/A
Impairment of Long Lived Assets
13.8

 
Sales Value
 
Sales Value
 
N/A
Total
$
51.4

 
 
 
 
 
 
October 31, 2015
 
 
 
 
 
 
 
Impairment of Long-lived assets- Land & Building
$
28.1

 
Broker Quote /
Indicative Bids
 
Indicative Bids
 
N/A
Impairment of Long-lived assets- Machinery & Equipment
17.8

 
Sales Value
 
Sales Value
 
N/A
Total
$
45.9