ABM Industries (ABM) 10-Q 5 Mar 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jan. 31, 2020	Mar. 03, 2020
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2020
Document Transition Report	false
Entity File Number	1-8929
Entity Registrant Name	ABM INDUSTRIES INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-1369354
Entity Address, Address Line One	One Liberty Plaza
Entity Address, Address Line Two	7th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10006
City Area Code	212
Local Phone Number	297-0200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	ABM
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		66,630,814
Entity Central Index Key	0000771497
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Current assets
Cash and cash equivalents	$ 69.8	$ 58.5
Trade accounts receivable, net of allowances of $25.2 and $22.4 at January 31, 2020 and October 31, 2019, respectively	1,000.7	1,013.2
Costs incurred in excess of amounts billed	79.6	72.6
Prepaid expenses	75.3	75.7
Other current assets	59.5	55.5
Total current assets	1,284.9	1,275.4
Other investments	9.9	14
Property, plant and equipment, net of accumulated depreciation of $210.4 and $199.5 at January 31, 2020 and October 31, 2019, respectively	146.7	150.3
Right-of-use assets	163.4
Other intangible assets, net of accumulated amortization of $321.8 and $309.0 at January 31, 2020 and October 31, 2019, respectively	284.6	297.2
Goodwill	1,836.1	1,835.4
Other noncurrent assets	121.4	120.3
Total assets	3,847.1	3,692.6
Current liabilities
Current portion of long-term debt, net	72.3	57.2
Trade accounts payable	242.6	280.7
Accrued compensation	144.7	189.3
Accrued taxes—other than income	65.2	63.6
Insurance claims	150.2	149.8
Income taxes payable	6.6	3.5
Current portion of lease liabilities	36
Other accrued liabilities	153.5	158.2
Total current liabilities	871.1	902.4
Long-term debt, net	786.3	744.2
Long-term lease liabilities	150
Deferred income tax liability, net	46.4	47.7
Noncurrent insurance claims	363.8	365.2
Other noncurrent liabilities	58.1	78.8
Noncurrent income taxes payable	11.6	12.2
Total liabilities	2,287.4	2,150.6
Commitments and contingencies
Stockholders’ Equity
Preferred stock, $0.01 par value; 500,000 shares authorized; none issued	0	0
Common stock, $0.01 par value; 100,000,000 shares authorized; 66,753,004 and 66,571,427 shares issued and outstanding at January 31, 2020 and October 31, 2019, respectively	0.7	0.7
Additional paid-in capital	711.8	708.9
Accumulated other comprehensive loss, net of taxes	(24.3)	(23.9)
Retained earnings	871.6	856.3
Total stockholders’ equity	1,559.7	1,542
Total liabilities and stockholders’ equity	$ 3,847.1	$ 3,692.6

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Statement of Financial Position [Abstract]
Trade accounts receivable, allowance	$ 25.2	$ 22.4
Property, plant and equipment, accumulated depreciation	210.4	199.5
Other intangible assets, accumulated amortization	$ 321.8	$ 309
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	66,753,004	66,571,427
Common stock, shares outstanding (in shares)	66,753,004	66,571,427

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Income Statement [Abstract]
Revenues	$ 1,612.9	$ 1,607.9
Operating expenses	1,433.7	1,446
Selling, general and administrative expenses	117.6	112.7
Restructuring and related expenses	3.1	3.8
Amortization of intangible assets	12.6	15.2
Operating profit	45.8	30.3
Income from unconsolidated affiliates	0.9	0.9
Interest expense	(10.2)	(13.5)
Income from continuing operations before income taxes	36.5	17.8
Income tax provision	(8.6)	(4.7)
Income from continuing operations	27.9	13
Income (loss) from discontinued operations, net of taxes	0.1	(0.1)
Net income	28	13
Other comprehensive income (loss)
Interest rate swaps	(1.1)	(8.7)
Foreign currency translation	0.4	3.1
Income tax benefit	0.3	2.4
Comprehensive income	$ 27.6	$ 9.7
Net income per common share — Basic
Income from continuing operations (in usd per share)	$ 0.42	$ 0.20
Income from discontinued operations (in usd per share)	0	0
Net income (in usd per share)	0.42	0.20
Net income per common share — Diluted
Income from continuing operations (in usd per share)	0.41	0.20
Income from discontinued operations (in usd per share)	0	0
Net income (in usd per share)	$ 0.42	$ 0.19
Weighted-average common and common equivalent shares outstanding
Basic (in shares)	66.9	66.4
Diluted (in shares)	67.2	66.7

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss, Net of Taxes	Retained Earnings
Balance, beginning of year (in shares) at Oct. 31, 2018		66
Balance, beginning of year at Oct. 31, 2018		$ 0.7	$ 691.8	$ (9)	$ 771.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued under employee stock purchase and share-based compensation plans (in shares)		0.2
Taxes withheld under employee stock purchase and share-based compensation plans, net		$ 0	(2.2)
Share-based compensation expense			4.5
Other comprehensive loss				(3.2)
Net income	$ 13				13
Dividends
Common stock ($0.185 and $0.180 per share)					(11.9)
Stock issued under share-based compensation plans					(0.1)
Balance, end of year (in shares) at Jan. 31, 2019		66.2
Balance, end of year at Jan. 31, 2019	1,461.1	$ 0.7	694.1	(12.2)	778.6
Balance, beginning of year (in shares) at Oct. 31, 2019		66.6
Balance, beginning of year at Oct. 31, 2019	1,542	$ 0.7	708.9	(23.9)	856.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued under employee stock purchase and share-based compensation plans (in shares)		0.2
Taxes withheld under employee stock purchase and share-based compensation plans, net		$ 0	(2)
Share-based compensation expense			4.9
Other comprehensive loss				(0.4)
Net income	28				28
Dividends
Common stock ($0.185 and $0.180 per share)					(12.3)
Stock issued under share-based compensation plans					(0.4)
Balance, end of year (in shares) at Jan. 31, 2020		66.8
Balance, end of year at Jan. 31, 2020	$ 1,559.7	$ 0.7	$ 711.8	$ (24.3)	$ 871.6

Consolidated Statements of St_2

Consolidated Statements of Stockholder's' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, dividends (in usd per share)	$ 0.185	$ 0.180

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities
Net income	$ 28	$ 13
(Income) loss from discontinued operations, net of taxes	(0.1)	0.1
Income from continuing operations	27.9	13
Adjustments to reconcile income from continuing operations to net cash used in operating activities of continuing operations
Depreciation and amortization	24.4	26.7
Deferred income taxes	(1)	(8.7)
Share-based compensation expense	4.9	4.5
Provision for bad debt	2.4	3
Discount accretion on insurance claims	0	0.2
Loss on sale of assets	0.3	0
Income from unconsolidated affiliates	(0.9)	(0.9)
Distributions from unconsolidated affiliates	0	1.7
Changes in operating assets and liabilities
Trade accounts receivable and costs incurred in excess of amounts billed	3	(68.2)
Prepaid expenses and other current assets	(8.5)	(8.2)
Right-of-use assets	4.1
Other noncurrent assets	(1.6)	0
Trade accounts payable and other accrued liabilities	(88.9)	(32.5)
Long-term lease liabilities	(4.2)
Insurance claims	(1)	11.1
Income taxes payable	7.6	13.1
Other noncurrent liabilities	(2.8)	5.9
Total adjustments	(62.3)	(52.3)
Net cash used in operating activities of continuing operations	(34.5)	(39.3)
Net cash provided by (used in) operating activities of discontinued operations	0.2	(0.1)
Net cash used in operating activities	(34.3)	(39.3)
Cash flows from investing activities
Additions to property, plant and equipment	(11.5)	(11.6)
Proceeds from sale of assets	4.2	0.2
Proceeds from redemption of auction rate security	5	0
Net cash used in investing activities	(2.3)	(11.4)
Cash flows from financing activities
Taxes withheld from issuance of share-based compensation awards, net	(2.4)	(2.3)
Dividends paid	(12.3)	(11.9)
Borrowings from credit facility	425	357.6
Repayment of borrowings from credit facility	(368.6)	(309.6)
Changes in book cash overdrafts	6.4	7.2
Financing of energy savings performance contracts	1.1	1.7
Repayment of finance leases	(0.8)
Repayment of finance leases		(0.8)
Net cash provided by financing activities	48.4	42
Effect of exchange rate changes on cash and cash equivalents	(0.4)	0.3
Net increase (decrease) in cash and cash equivalents	11.4	(8.5)
Cash and cash equivalents at beginning of year	58.5	39.1
Cash and cash equivalents at end of year	$ 69.8	$ 30.6

The Company and Nature of Opera

The Company and Nature of Operations	3 Months Ended
	Jan. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Nature of Operations	THE COMPANY AND NATURE OF OPERATIONS ABM Industries Incorporated, which operates through its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”), is a leading provider of integrated facility services with a mission to make a difference, every person, every day . We are organized into four industry groups and one Technical Solutions segment:

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with (i) United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and (ii) the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of our management, our unaudited consolidated financial statements and accompanying notes (the “Financial Statements”) include all normal recurring adjustments that are necessary for the fair statement of the interim periods presented. Interim results of operations are not necessarily indicative of results for the full year. The Financial Statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) in our Annual Report on Form 10-K for the year ended October 31, 2019 (“Annual Report”). Unless otherwise indicated, all references to years are to our fiscal years, which end on October 31. Prior Year Reclassifications During the third quarter of 2019, we made changes to our operating structure to better align the services and expertise of our Healthcare business with our other industry groups, allowing us to leverage our existing branch network to support the long-term growth of this business. As a result, our former Healthcare portfolio is now included primarily in our Business & Industry segment. Our prior period segment data in Note 12, “Segment Information,” has been reclassified to conform with our current period presentation. This change had no impact on our previously reported consolidated financial statements. Rounding We round amounts in the Financial Statements to millions and calculate all percentages and per-share data from the underlying whole-dollar amounts. Thus, certain amounts may not foot, crossfoot, or recalculate based on reported numbers due to rounding. Discontinued Operations Following the sale of our Security business in 2015, we record all costs associated with this former business in discontinued operations. Such costs generally relate to litigation we retained and insurance reserves. Management Reimbursement Revenue by Segment We operate certain parking facilities under management reimbursement arrangements. Under these arrangements, we manage the parking facilities for management fees and pass through the revenues and expenses associated with the facilities to the owners. These revenues and expenses are reported in equal amounts as costs reimbursed from our managed locations: Three Months Ended January 31, (in millions) 2020 2019 Business & Industry $ 73.7 $ 71.0 Aviation 25.9 24.2 Total $ 99.6 $ 95.2 Recently Adopted Accounting Standards Our significant accounting policies are described in Note 2, “Basis of Presentation and Significant Accounting Policies,” in our Annual Report. There have been no material changes to our significant accounting policies during the three months ended January 31, 2020, other than as described below. Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) . Since the release of ASU 2016-02, the FASB issued the following additional ASUs further updating Topic 842: • In January 2018, ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 842 • In July 2018, ASU 2018-10, Codification Improvements to Topic 842 • In July 2018, ASU 2018-11, Leases (Topic 842): Targeted Improvements • In March 2019, ASU 2019-01, Leases (Topic 842): Codification Improvements Topic 842 replaces existing lease accounting guidance and is intended to provide enhanced transparency and comparability by requiring lessees to record most leases on the balance sheet. Under Topic 842, lessees are required to record on the balance sheet right-of-use (“ROU”) assets (the right to use an underlying asset for the lease term) and the corresponding lease liabilities (the obligation to make lease payments arising from the lease). The new guidance requires us to continue classifying leases as either operating or financing, with classification affecting the pattern of expense recognition in the statements of comprehensive income. In addition, the new standard requires enhanced disclosures surrounding the amount, timing, and uncertainty of cash flows arising from leasing arrangements. We adopted Topic 842 on November 1, 2019 on a modified retrospective basis using the optional transition method permitted under ASU 2018-11 and have used this effective date as the initial application date. Comparative prior period financial statements have not been restated and continue to be reported under the accounting standards in effect for those prior periods presented. Upon adoption, we elected the package of transition practical expedients that allowed us to carry forward prior conclusions related to: (i) whether any expired or existing contracts are or contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for existing leases. Additionally, we elected the practical expedient of not separating lease components from non-lease components for all asset classes. We also made an accounting policy election to not record ROU assets or lease liabilities for leases with an initial term of 12 months or less and will recognize payments for such leases in the consolidated statements of comprehensive income on a straight-line basis over the lease term. We did not elect the use of hindsight for determining the reasonably certain lease term. The adoption of Topic 842 had a significant impact on our unaudited Consolidated Balance Sheet, but did not have a significant impact on our unaudited Consolidated Statement of Comprehensive Income, our unaudited Consolidated Statement of Stockholders' Equity, our unaudited Consolidated Statement of Cash Flows, our liquidity, or our compliance with the various covenants contained within our credit facility, as further described in Note 9, “Credit Facility.” The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while our accounting for finance leases remained substantially unchanged. See Note 4, “Leases,” for additional information on our lease arrangements. The impact of adoption of Topic 842 on our unaudited Consolidated Balance Sheet was as follows: (in millions) Balance at Adjustments Due to Adoption of Topic 842 Balance at ASSETS Right-of-use assets (1) $ — $ 167.5 $ 167.5 LIABILITIES AND STOCKHOLDERS’ EQUITY Current portion of lease liabilities (2) $ — $ 36.3 $ 36.3 Other accrued liabilities (3) 158.2 (3.0) 155.2 Long-term lease liabilities (4) — 154.2 154.2 Other noncurrent liabilities (5) 78.8 (20.0) 58.8 (1) Represents capitalization of operating lease assets and reclassification of prepaid rent, deferred rent, lease exit impairment liabilities, and lease incentives and tenant improvements on operating leases. (2) Represents the recognition of short-term operating lease liabilities. (3) Represents short-term deferred rent reclassified to ROU assets. (4) Represents the recognition of long-term operating lease liabilities. (5) Represents long-term deferred rent, lease incentives and tenant improvements, and lease exit impairment liabilities reclassified to ROU assets.

Revenues

Revenues	3 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenues	REVENUES Disaggregation of Revenues We generate revenues under several types of contracts, as further explained below. The type of contract is determined by the nature of the services provided by each of our major service lines throughout our reportable segments; therefore, we disaggregate revenues from contracts with customers into major service lines. We have determined that disaggregating revenues into these categories best depicts how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. Our reportable segments are Business & Industry (“B&I”), Aviation, Technology and Manufacturing (“T&M”), Education, and Technical Solutions, as described in Note 12, “Segment Information.” Three Months Ended January 31, 2020 (in millions) B&I Aviation T&M Education Technical Solutions Total Major Service Line Janitorial (1) $ 593.5 $ 34.6 $ 185.6 $ 186.2 $ — $ 1,000.0 Parking (2) 125.9 84.9 8.1 0.7 — 219.6 Facility Services (3) 101.4 11.7 40.2 21.0 — 174.3 Building & Energy Solutions (4) — — — — 142.0 142.0 Airline Services (5) 0.1 107.5 — — — 107.6 $ 820.9 $ 238.7 $ 233.9 $ 208.0 $ 142.0 $ 1,643.6 Elimination of inter-segment revenues (30.6) Total $ 1,612.9 Three Months Ended January 31, 2019 (in millions) B&I Aviation T&M Education Technical Solutions Total Major Service Line Janitorial (1) $ 584.0 $ 31.1 $ 187.2 $ 187.5 $ — $ 989.8 Parking (2) 128.1 85.8 7.4 0.8 — 222.1 Facility Services (3) 116.6 18.0 41.4 20.7 — 196.7 Building & Energy Solutions (4) — — — — 116.1 116.1 Airline Services (5) 0.2 117.5 — — — 117.7 $ 828.8 $ 252.4 $ 236.1 $ 208.9 $ 116.1 $ 1,642.3 Elimination of inter-segment revenues (34.4) Total $ 1,607.9 (1) Janitorial arrangements provide a wide range of essential cleaning services for commercial office buildings, airports and other transportation centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, and stadiums and arenas. These arrangements are often structured as monthly fixed-price, square-foot, cost-plus, and tag services contracts. (2) Parking arrangements provide parking and transportation services for clients at various locations, including airports and other transportation centers, commercial office buildings, educational institutions, health facilities, hotels, and stadiums and arenas. These arrangements are structured as management reimbursement, leased location, and allowance contracts. Certain of these arrangements are considered service concession agreements and are accounted for under the guidance of Topic 853; accordingly, rent expense related to these arrangements is recorded as a reduction of the related parking service revenues. (3) Facility Services arrangements provide onsite mechanical engineering and technical services and solutions relating to a broad range of facilities and infrastructure systems that are designed to extend the useful life of facility fixed assets, improve equipment operating efficiencies, reduce energy consumption, lower overall operational costs for clients, and enhance the sustainability of client locations. These arrangements are generally structured as monthly fixed-price, cost-plus, and tag services contracts. (4) Building & Energy Solutions arrangements provide custom energy solutions, electrical, HVAC, lighting, and other general maintenance and repair services for clients in the public and private sectors and are generally structured as Energy Savings and Fixed-Price Repair and Refurbishment contracts. We also franchise certain operations under franchise agreements relating to our Linc Network and TEGG brands, pursuant to franchise contracts. (5) Airline Services arrangements support airlines and airports with services such as passenger assistance, catering logistics, and airplane cabin maintenance. These arrangements are often structured as monthly fixed-price, cost-plus, transaction price, and hourly contracts. Contract Types We have arrangements under various contract types, as described in Note 2, “Basis of Presentation and Significant Accounting Policies,” in our Annual Report. Certain arrangements involve variable consideration (primarily per transaction fees, reimbursable expenses, and sales-based royalties). We do not estimate the variable consideration for these arrangements; rather, we recognize these variable fees as they are earned. The majority of our contracts include performance obligations that are primarily satisfied over time as we provide the related services; these contract types include: monthly fixed-price; square-foot; cost-plus; tag services; transaction-price; hourly; management reimbursement; leased location; allowance; energy savings contracts; and fixed-price repair and refurbishment contracts, as well as our franchise and royalty fee arrangements. We recognize revenue as the services are performed using a measure of progress that is determined by the contract type. Generally, most of our contracts are cancelable by either party without a substantive penalty, and the majority have a notification period of 30 to 60 days. We primarily account for our performance obligations under the series guidance, using the as-invoiced practical expedient when applicable. We apply the as-invoiced practical expedient to record revenue as the services are provided, given the nature of the services provided and the frequency of billing under the customer contracts. Under this practical expedient, we recognize revenue in an amount that corresponds directly with the value to the customer of our performance completed to date and for which we have the right to invoice the customer. Remaining Performance Obligations At January 31, 2020, performance obligations that were unsatisfied or partially unsatisfied for which we expect to recognize revenue totaled $178.4 million. We expect to recognize revenue on approximately 77% of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. These amounts exclude variable consideration primarily related to: (i) contracts where we have determined that the contract consists of a series of distinct service periods and revenues are based on future performance that cannot be estimated at contract inception; (ii) parking contracts where we and the customer share the gross revenues or operating profit for the location; and (iii) contracts where transaction prices include performance incentives that are based on future performance and therefore cannot be estimated at contract inception. We apply the practical expedient that permits exclusion of information about the remaining performance obligations with original expected durations of one year or less. Contract Balances The timing of revenue recognition, billings, and cash collections results in contract assets and contract liabilities, as further explained below. The timing of revenue recognition may differ from the timing of invoicing to customers. Contract assets primarily consist of billed trade receivables, unbilled trade receivables, and costs incurred in excess of amounts billed. Billed and unbilled trade receivables represent amounts from work completed in which we have an unconditional right to bill our customer. Costs incurred in excess of amounts billed typically arise when the revenue recognized on a project exceeds the amount billed to the customer. These amounts are transferred to billed trade receivables when the rights become unconditional. Contract assets also include the capitalization of incremental costs of obtaining a contract with a customer, primarily commissions. Commissions expense is recognized on a straight-line basis over a weighted average expected customer relationship period. Contract liabilities consist of deferred revenue and advance payments and billings in excess of revenue recognized. We generally classify contract liabilities as current since the related contracts are generally for a period of one year or less. Contract liabilities decrease as we recognize revenue from the satisfaction of the related performance obligation. The following tables present the balances in our contract assets and contract liabilities: (in millions) January 31, 2020 October 31, 2019 Contract assets Billed trade receivables (1) $ 962.5 $ 978.7 Unbilled trade receivables (1) 63.4 56.9 Costs incurred in excess of amounts billed (2) 79.6 72.6 Capitalized commissions (3) 21.6 21.8 (1) Included in trade accounts receivable, net, on the consolidated balance sheets. The fluctuations correlate directly to the execution of new customer contracts and to invoicing and collections from customers in the normal course of business. (2) The increase is primarily due to the timing of payments on our contracts measured using the cost-to-cost method of revenue recognition. (3) Included in other current assets and other noncurrent assets on the consolidated balance sheets. During the three months ended January 31, 2020, we capitalized $3.5 million of new costs and amortized $3.7 million of previously capitalized costs. There was no impairment loss recorded on the costs capitalized. (in millions) Three Months Ended Contract liabilities (1) Balance at beginning of period $ 38.0 Additional contract liabilities 73.5 Recognition of deferred revenue (74.6) Balance at end of period $ 36.9

Leases

Leases	3 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Leases	LEASES We primarily lease office space, parking facilities, warehouses, vehicles, and equipment. We determine if an arrangement is a lease at inception and begin recording lease activity at the commencement date, which is generally the date in which we take possession of or control the physical use of the asset. ROU assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. We use our incremental borrowing rate to determine the present value of future lease payments unless the implicit rate is readily determinable. Our incremental borrowing rate is the rate of interest we would have to pay to borrow on a collateralized basis over a similar term at an amount equal to the lease payments in a similar economic environment. This incremental borrowing rate is applied to the minimum lease payments within each lease agreement to determine the amounts of our ROU assets and lease liabilities. Our incremental borrowing rate as of November 1, 2019 was utilized for the initial measurement of operating lease liabilities upon adoption of Topic 842, as described in Note 2, “Basis of Presentation and Significant Accounting Policies,” and for new leases entered into during the quarter ended January 31, 2020. Our lease terms range from 1 to 30 years. Some leases include one or more options to renew, with renewal terms that can extend the lease term. We typically include options to extend the lease in a lease term when it is reasonably certain that we will exercise that option and when doing so is at our sole discretion. Certain equipment and vehicle leases may also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term unless there is a transfer of title or purchase option reasonably certain of exercise. Typically, if we decide to cancel or terminate a lease before the end of its term, we would owe the lessor the remaining lease payments under the term of such lease. Our lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. We may rent or sublease to third parties certain real estate assets that we no longer use. Lease agreements may contain rent escalation clauses, rent holidays, or certain landlord incentives, including tenant improvement allowances. Prior to November 1, 2019, we recognized lease expense related to operating leases on a straight-line basis over the terms of the leases and, accordingly, recorded the difference between cash rent payments and recognition of rent expense as a deferred rent liability or prepaid rent. Landlord-funded leasehold improvements were also recorded as deferred rent liabilities and were amortized as a reduction of rent expense over the noncancelable term of the related operating lease. The ROU assets recognized upon adoption of Topic 842 include cumulative prepaid or accrued rent on the adoption date, unamortized lease incentives, and unamortized initial direct costs initially recognized prior to adoption of Topic 842. Following adoption of Topic 842, ROU assets include amounts for scheduled rent increases and are reduced by lease incentive amounts. Certain of our lease agreements include variable rent payments, consisting primarily of rental payments adjusted periodically for inflation and amounts paid to the lessor based on cost or consumption, such as maintenance and utilities. Certain of our parking arrangements also contain variable rent payments that are a percentage of parking services revenue based on contractual levels. Variable rent lease components are not included in the lease liability. Service concession arrangements within the scope of ASU No. 2017-10, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services , are excluded from the scope of Topic 842. Lease costs associated with these arrangements are recorded as a reduction of revenues. See Note 3, “Revenues,” for further discussion. The components of lease assets and liabilities and their classification on our unaudited Consolidated Balance Sheets as of January 31, 2020 were as follows: Balance at (in millions) Classification January 31, 2020 Lease assets Operating leases Right-of-use assets $ 163.4 Finance leases Property, plant and equipment, net (1) 9.1 Total lease assets $ 172.5 Lease liabilities Current liabilities Operating leases Current portion of lease liabilities $ 36.0 Finance leases Other accrued liabilities 4.5 Noncurrent liabilities Operating leases Long-term lease liabilities 150.0 Finance leases Other noncurrent liabilities 2.2 Total lease liabilities $ 192.7 (1) Finance lease assets are recorded net of accumulated amortization of $11.1 million as of January 31, 2020. Total lease costs for the three months ended January 31, 2020 was $27.8 million, including operating leases of $26.6 million and finance leases of $1.2 million. The components of lease costs and classification within the unaudited Consolidated Statements of Comprehensive Income were as follows: Three Months Ended (in millions) January 31, 2020 Operating lease costs: Operating expenses (1)(2) $ 21.0 Selling, general and administrative expenses (3) 5.6 Finance lease costs: Operating expenses (4) 1.1 Interest expense (5) 0.1 Total lease costs $ 27.8 (1) Related to certain parking arrangements. (2) Includes short-term lease costs and variable lease costs. (3) Includes short-term lease costs. (4) Represents amortization of leased assets. (5) Interest on lease liabilities. The following table presents information on short-term and variable lease costs: Three Months Ended (in millions) January 31, 2020 Short-term lease costs $ 14.5 Variable lease costs 2.0 Total short-term and variable lease costs $ 16.5 Sublease income generated during the three months ended January 31, 2020 was immaterial. The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of January 31, 2020 are as follows: (in millions) Operating Finance Total Remainder of fiscal 2020 $ 32.6 $ 2.6 $ 35.2 Fiscal 2021 38.9 2.9 41.8 Fiscal 2022 32.9 1.5 34.4 Fiscal 2023 27.8 0.8 28.6 Fiscal 2024 22.7 — 22.7 Thereafter 58.3 — 58.3 Total lease payments 213.2 7.8 221.0 Less: imputed interest 27.2 1.1 28.3 Present value of lease liabilities $ 186.0 $ 6.7 $ 192.7 Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. We have entered into operating lease arrangements as of January 31, 2020 that are effective for future periods. The total amount of ROU assets and lease liabilities related to these arrangements is immaterial. The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities: As of January 31, 2020 Weighted-average remaining lease term (years) Operating leases 6.4 Finance leases 2.6 Weighted-average discount rate Operating leases 4.05 % Finance leases 4.38 % The following table includes supplemental cash and non-cash information related to operating leases: Three Months Ended (in millions) January 31, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 11.4 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.8 Lease assets obtained in exchange for new operating lease liabilities (1) 5.2 (1) Excludes the amount initially capitalized in conjunction with the adoption of Topic 842. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows: (in millions) Operating and Other (1) Capital Total Fiscal 2020 $ 42.8 $ 3.1 $ 45.9 Fiscal 2021 35.5 2.5 38.0 Fiscal 2022 30.3 1.3 31.6 Fiscal 2023 25.6 0.6 26.2 Fiscal 2024 20.5 — 20.5 Thereafter 51.8 — 51.8 Total (2) $ 206.5 $ 7.5 $ 214.0 (1) Includes total estimated sublease rental income of $15.8 million.
Leases	LEASES We primarily lease office space, parking facilities, warehouses, vehicles, and equipment. We determine if an arrangement is a lease at inception and begin recording lease activity at the commencement date, which is generally the date in which we take possession of or control the physical use of the asset. ROU assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. We use our incremental borrowing rate to determine the present value of future lease payments unless the implicit rate is readily determinable. Our incremental borrowing rate is the rate of interest we would have to pay to borrow on a collateralized basis over a similar term at an amount equal to the lease payments in a similar economic environment. This incremental borrowing rate is applied to the minimum lease payments within each lease agreement to determine the amounts of our ROU assets and lease liabilities. Our incremental borrowing rate as of November 1, 2019 was utilized for the initial measurement of operating lease liabilities upon adoption of Topic 842, as described in Note 2, “Basis of Presentation and Significant Accounting Policies,” and for new leases entered into during the quarter ended January 31, 2020. Our lease terms range from 1 to 30 years. Some leases include one or more options to renew, with renewal terms that can extend the lease term. We typically include options to extend the lease in a lease term when it is reasonably certain that we will exercise that option and when doing so is at our sole discretion. Certain equipment and vehicle leases may also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term unless there is a transfer of title or purchase option reasonably certain of exercise. Typically, if we decide to cancel or terminate a lease before the end of its term, we would owe the lessor the remaining lease payments under the term of such lease. Our lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. We may rent or sublease to third parties certain real estate assets that we no longer use. Lease agreements may contain rent escalation clauses, rent holidays, or certain landlord incentives, including tenant improvement allowances. Prior to November 1, 2019, we recognized lease expense related to operating leases on a straight-line basis over the terms of the leases and, accordingly, recorded the difference between cash rent payments and recognition of rent expense as a deferred rent liability or prepaid rent. Landlord-funded leasehold improvements were also recorded as deferred rent liabilities and were amortized as a reduction of rent expense over the noncancelable term of the related operating lease. The ROU assets recognized upon adoption of Topic 842 include cumulative prepaid or accrued rent on the adoption date, unamortized lease incentives, and unamortized initial direct costs initially recognized prior to adoption of Topic 842. Following adoption of Topic 842, ROU assets include amounts for scheduled rent increases and are reduced by lease incentive amounts. Certain of our lease agreements include variable rent payments, consisting primarily of rental payments adjusted periodically for inflation and amounts paid to the lessor based on cost or consumption, such as maintenance and utilities. Certain of our parking arrangements also contain variable rent payments that are a percentage of parking services revenue based on contractual levels. Variable rent lease components are not included in the lease liability. Service concession arrangements within the scope of ASU No. 2017-10, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services , are excluded from the scope of Topic 842. Lease costs associated with these arrangements are recorded as a reduction of revenues. See Note 3, “Revenues,” for further discussion. The components of lease assets and liabilities and their classification on our unaudited Consolidated Balance Sheets as of January 31, 2020 were as follows: Balance at (in millions) Classification January 31, 2020 Lease assets Operating leases Right-of-use assets $ 163.4 Finance leases Property, plant and equipment, net (1) 9.1 Total lease assets $ 172.5 Lease liabilities Current liabilities Operating leases Current portion of lease liabilities $ 36.0 Finance leases Other accrued liabilities 4.5 Noncurrent liabilities Operating leases Long-term lease liabilities 150.0 Finance leases Other noncurrent liabilities 2.2 Total lease liabilities $ 192.7 (1) Finance lease assets are recorded net of accumulated amortization of $11.1 million as of January 31, 2020. Total lease costs for the three months ended January 31, 2020 was $27.8 million, including operating leases of $26.6 million and finance leases of $1.2 million. The components of lease costs and classification within the unaudited Consolidated Statements of Comprehensive Income were as follows: Three Months Ended (in millions) January 31, 2020 Operating lease costs: Operating expenses (1)(2) $ 21.0 Selling, general and administrative expenses (3) 5.6 Finance lease costs: Operating expenses (4) 1.1 Interest expense (5) 0.1 Total lease costs $ 27.8 (1) Related to certain parking arrangements. (2) Includes short-term lease costs and variable lease costs. (3) Includes short-term lease costs. (4) Represents amortization of leased assets. (5) Interest on lease liabilities. The following table presents information on short-term and variable lease costs: Three Months Ended (in millions) January 31, 2020 Short-term lease costs $ 14.5 Variable lease costs 2.0 Total short-term and variable lease costs $ 16.5 Sublease income generated during the three months ended January 31, 2020 was immaterial. The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of January 31, 2020 are as follows: (in millions) Operating Finance Total Remainder of fiscal 2020 $ 32.6 $ 2.6 $ 35.2 Fiscal 2021 38.9 2.9 41.8 Fiscal 2022 32.9 1.5 34.4 Fiscal 2023 27.8 0.8 28.6 Fiscal 2024 22.7 — 22.7 Thereafter 58.3 — 58.3 Total lease payments 213.2 7.8 221.0 Less: imputed interest 27.2 1.1 28.3 Present value of lease liabilities $ 186.0 $ 6.7 $ 192.7 Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. We have entered into operating lease arrangements as of January 31, 2020 that are effective for future periods. The total amount of ROU assets and lease liabilities related to these arrangements is immaterial. The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities: As of January 31, 2020 Weighted-average remaining lease term (years) Operating leases 6.4 Finance leases 2.6 Weighted-average discount rate Operating leases 4.05 % Finance leases 4.38 % The following table includes supplemental cash and non-cash information related to operating leases: Three Months Ended (in millions) January 31, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 11.4 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.8 Lease assets obtained in exchange for new operating lease liabilities (1) 5.2 (1) Excludes the amount initially capitalized in conjunction with the adoption of Topic 842. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows: (in millions) Operating and Other (1) Capital Total Fiscal 2020 $ 42.8 $ 3.1 $ 45.9 Fiscal 2021 35.5 2.5 38.0 Fiscal 2022 30.3 1.3 31.6 Fiscal 2023 25.6 0.6 26.2 Fiscal 2024 20.5 — 20.5 Thereafter 51.8 — 51.8 Total (2) $ 206.5 $ 7.5 $ 214.0 (1) Includes total estimated sublease rental income of $15.8 million.

Restructuring and Related Costs

Restructuring and Related Costs	3 Months Ended
	Jan. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	RESTRUCTURING AND RELATED COSTS We may periodically engage in various restructuring activities intended to drive long-term profitable growth and increase operational efficiency, which can include streamlining and realigning our overall organizational structure and reallocating resources. These activities may result in restructuring costs related to employee severance, other project fees, external support fees, lease exit costs, and asset impairment charges. Recently, our significant restructuring activities have been primarily associated with integrating our acquisition of GCA Services Group (“GCA”) and implementing our 2020 Vision initiative, as described below. GCA Restructuring and Other Initiatives During the first quarter of 2018, we initiated a restructuring program to achieve cost synergies following the acquisition of GCA. We incurred the majority of our severance expense associated with this restructuring program in the first half of 2018. During 2019, our restructuring activities primarily related to the continued integration of GCA and other initiatives, including standardizing our financial systems and streamlining our operations by migrating and upgrading several key management platforms, such as our human resources information systems, enterprise resource planning system, and labor management system. We also continued consolidating our real estate leases. Severance and other expenses associated with our Healthcare reorganization during 2019 were immaterial. As we continue our technology-based modernization efforts, including standardizing our financial systems, we expect to incur additional charges related to these initiatives in 2020. 2020 Vision Restructuring During the fourth quarter of 2015, we initiated a restructuring plan as part of a comprehensive strategy intended to have a positive transformative effect on ABM (the “ 2020 Vision ”). These actions were substantially completed by the end of fiscal 2019 at a cumulative cost of $66.5 million. Rollforward of Restructuring and Related Liabilities (in millions) Balance, Costs Recognized (1) Payments Non-Cash Items Balance, Employee severance $ 3.0 $ 0.2 $ (1.0) $ — $ 2.2 Other project fees 0.7 3.0 (2.6) (0.2) 1.0 Lease exit costs and asset impairment 2.7 — (0.2) (2.2) 0.4 External support fees 0.5 — (0.5) — — Total $ 7.0 $ 3.1 $ (4.3) $ (2.3) $ 3.5 (1) We include these costs within corporate expenses. Cumulative Restructuring and Related Charges (in millions) External Support Fees Employee Severance Other Project Fees Lease Exit Costs Asset Impairment Total GCA and Other $ 3.5 $ 18.2 $ 15.4 $ 0.7 $ — $ 37.7 2020 Vision 30.0 13.0 10.7 7.7 5.2 66.5 Total $ 33.4 $ 31.2 $ 26.0 $ 8.4 $ 5.2 $ 104.2

Net Income Per Common Share

Net Income Per Common Share	3 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Net Income Per Common Share	NET INCOME PER COMMON SHARE Basic and Diluted Net Income Per Common Share Calculations Three Months Ended January 31, (in millions, except per share amounts) 2020 2019 Income from continuing operations $ 27.9 $ 13.0 Income (loss) from discontinued operations, net of taxes 0.1 (0.1) Net income $ 28.0 $ 13.0 Weighted-average common and common equivalent shares 66.9 66.4 Effect of dilutive securities Restricted stock units 0.1 0.1 Stock options 0.1 0.1 Performance shares 0.1 0.1 Weighted-average common and common equivalent shares 67.2 66.7 Net income per common share — Basic Income from continuing operations $ 0.42 $ 0.20 Income from discontinued operations — — Net income $ 0.42 $ 0.20 Net income per common share — Diluted Income from continuing operations $ 0.41 $ 0.20 Income from discontinued operations — — Net income $ 0.42 $ 0.19 Anti-Dilutive Outstanding Stock Awards Issued Under Share-Based Compensation Plans Three Months Ended January 31, (in millions) 2020 2019 Anti-dilutive 0.2 0.4

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value Hierarchy of Our Financial Instruments Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions) Fair Value Hierarchy January 31, 2020 October 31, 2019 Cash and cash equivalents (1) 1 $ 69.8 $ 58.5 Insurance deposits (2) 1 0.8 0.8 Assets held in funded deferred compensation plan (3) 1 2.5 2.5 Credit facility (4) 2 864.8 808.4 Interest rate swap liabilities (5) 2 14.1 14.6 Investments in auction rate securities (6) 3 — 5.0 (1) Cash and cash equivalents are stated at nominal value, which equals fair value. (2) Represents restricted deposits that are used to collateralize our insurance obligations and are stated at nominal value, which equals fair value. These insurance deposits are included in “Other noncurrent assets” on the accompanying unaudited consolidated balance sheets. See Note 8, “Insurance,” for further information. (3) Represents investments held in a Rabbi trust associated with one of our deferred compensation plans, which we include in “Other noncurrent assets” on the accompanying unaudited consolidated balance sheets. The fair value of the assets held in the funded deferred compensation plan is based on quoted market prices. (4) Represents gross outstanding borrowings under our syndicated line of credit and term loan. Due to variable interest rates, the carrying value of outstanding borrowings under our line of credit and term loan approximates the fair value. See Note 9, “Credit Facility,” for further information. (5) Represents interest rate swap derivatives designated as cash flow hedges. The fair values of the interest rate swaps are estimated based on the present value of the difference between expected cash flows calculated at the contracted interest rates and the expected cash flows at current market interest rates using observable benchmarks for the London Interbank Offered Rate (“LIBOR”) forward rates at the end of the period. At January 31, 2020 and October 31, 2019, our interest rate swaps are included in “Other noncurrent liabilities” on the accompanying unaudited consolidated balance sheets. See Note 9, “Credit Facility,” for further information. (6) The fair value of investments in auction rate securities is based on discounted cash flow valuation models, primarily utilizing unobservable inputs, including assumptions about the underlying collateral, credit risks associated with the issuer, credit enhancements associated with financial insurance guarantees, and the possibility of the security being re-financed by the issuer or having a successful auction. At October 31, 2019 we held an investment in one auction rate security that had an original principal amount, amortized cost, and fair value of $5.0 million that was included in “Other investments” on the accompanying unaudited consolidated balance sheets. During the first quarter of 2020, this auction rate security was called by the issuer, and we received proceeds for the fair value of this debt instrument of $5.0 million. There were no unrealized gains or losses on this auction rate security included in accumulated other comprehensive income (“AOCI”). At January 31, 2020 we had no investments in auction rate securities. During the three months ended January 31, 2020, we had no transfers of assets or liabilities between any of the above hierarchy levels. Non-Financial Assets Measured at Fair Value on a Non-Recurring Basis

Insurance

Insurance	3 Months Ended
	Jan. 31, 2020
Insurance [Abstract]
Insurance	INSURANCE We use a combination of insured and self-insurance programs to cover workers’ compensation, general liability, automobile liability, property damage, and other insurable risks. For the majority of these insurance programs, we retain the initial $1.0 million of exposure on a per-occurrence basis, either through deductibles or self-insured retentions. Beyond the retained exposures, we have varying primary policy limits ranging between $1.0 million and $5.0 million per occurrence. To cover general liability and automobile liability losses above these primary limits, we maintain commercial umbrella insurance policies that provide aggregate limits of $200.0 million. Our insurance policies generally cover workers’ compensation losses to the full extent of statutory requirements. Additionally, to cover property damage risks above our retained limits, we maintain policies that provide per occurrence limits of $75.0 million. We are also self-insured for certain employee medical and dental plans. We maintain stop-loss insurance for our self-insured medical plan under which we retain up to $0.5 million of exposure on a per-participant, per-year basis with respect to claims. We maintain our reserves for workers’ compensation, general liability, automobile liability, and property damage insurance claims based upon known trends and events and the actuarial estimates of required reserves considering the most recently completed actuarial reports. We use all available information to develop our best estimate of insurance claims reserves as information is obtained. The results of actuarial reviews are used to estimate our insurance rates and insurance reserves for future periods and to adjust reserves, if appropriate, for prior years. Actuarial Review Performed During the First Quarter of 2020 We review our self-insurance liabilities on a regular basis and adjust our accruals accordingly. Actual claims activity or development may vary from our assumptions and estimates, which may result in material losses or gains. As we obtain additional information that affects the assumptions and estimates used in our reserve liability calculations, we adjust our self-insurance rates and reserves for future periods and, if appropriate, adjust our reserves for claims incurred in prior accounting periods. During the first quarter of 2020, we performed a comprehensive actuarial review of the majority of our casualty insurance programs that evaluated all changes made to claims reserves and claims payment activity for the period of May 1, 2019 through October 31, 2019 (the “Actuarial Review”). The Actuarial Review was comprehensive in nature and was based on loss development patterns, trend assumptions, and underlying expected loss costs during the period analyzed. Based on the results of the Actuarial Review, at January 31, 2020 we decreased our total reserves for prior periods by $6.6 million. This adjustment compares to a $5.0 million increase to prior year claims during the three months ended January 31, 2019. We will continue to assess ongoing developments, which may result in further adjustments to reserves. Insurance Related Balances and Activity (in millions) January 31, 2020 October 31, 2019 Insurance claim reserves, excluding medical and dental $ 507.2 $ 507.8 Medical and dental claim reserves 6.8 7.2 Insurance recoverables 64.5 64.5 At January 31, 2020 and October 31, 2019, insurance recoverables are included in both “Other current assets” and “Other noncurrent assets” on the accompanying unaudited consolidated balance sheets. Instruments Used to Collateralize Our Insurance Obligations (in millions) January 31, 2020 October 31, 2019 Standby letters of credit $ 144.0 $ 141.0 Surety bonds 87.8 90.8 Restricted insurance deposits 0.8 0.8 Total $ 232.6 $ 232.6

Credit Facility

Credit Facility	3 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Credit Facility	CREDIT FACILITY On September 1, 2017, we refinanced and replaced our then-existing $800.0 million credit facility with a new senior, secured five-year syndicated credit facility (the “Credit Facility”), consisting of a $900.0 million revolving line of credit and an $800.0 million amortizing term loan scheduled to mature on September 1, 2022. In accordance with the terms of the Credit Facility, the line of credit was reduced to $800.0 million on September 1, 2018. The Credit Facility also provides for the issuance of up to $300.0 million for standby letters of credit and the issuance of up to $75.0 million in swingline advances. The obligations under the Credit Facility are secured on a first-priority basis by a lien on substantially all of our assets and properties, subject to certain exceptions. Borrowings under the Credit Facility bear interest at a rate equal to 1-month LIBOR plus a spread that is based upon our leverage ratio. The spread ranges from 1.00% to 2.25% for Eurocurrency loans and 0.00% to 1.25% for base rate loans. At January 31, 2020, the weighted average interest rate on our outstanding borrowings was 3.53%. We also pay a commitment fee, based on our leverage ratio, ranging from 0.200% to 0.350% on the average daily unused portion of the line of credit that is paid quarterly in arrears. For purposes of this calculation, irrevocable standby letters of credit, which are issued primarily in conjunction with our insurance programs, and cash borrowings are included as outstanding under the line of credit. The Credit Facility, as amended, contains certain covenants, including a current maximum leverage ratio of 4.00 to 1.0 that steps down by 25 basis points annually each July to 3.50 to 1.0 by July 2021 and a minimum fixed charge coverage ratio of 1.50 to 1.0, as well as other financial and non-financial covenants. In the event of a material acquisition, as defined in the Credit Facility, we may elect to increase the leverage ratio to 3.75 to 1.0 for a total of four fiscal quarters, provided the leverage ratio had already been reduced to 3.50 to 1.0. Our borrowing capacity is subject to, and limited by, compliance with the covenants described above. At January 31, 2020, we were in compliance with these covenants. The Credit Facility also includes customary events of default, including failure to pay principal, interest, or fees when due, failure to comply with covenants, the occurrence of certain material judgments, or a change in control of the Company. If certain events of default occur, including certain cross-defaults, insolvency, change in control, or violation of specific covenants, the lenders can terminate or suspend our access to the Credit Facility, declare all amounts outstanding (including all accrued interest and unpaid fees) to be immediately due and payable, and require that we cash collateralize the outstanding standby letters of credit. Total deferred financing costs related to the Credit Facility were $18.7 million, consisting of $13.4 million related to the term loan and $5.2 million related to the line of credit, which are being amortized to interest expense over the term of the Credit Facility. Credit Facility Information (in millions) January 31, 2020 October 31, 2019 Current portion of long-term debt Gross term loan $ 75.0 $ 60.0 Unamortized deferred financing costs (2.7) (2.8) Current portion of term loan $ 72.3 $ 57.2 Long-term debt Gross term loan $ 650.0 $ 680.0 Unamortized deferred financing costs (3.5) (4.1) Total noncurrent portion of term loan 646.5 675.9 Line of credit (1)(2) 139.8 68.4 Long-term debt $ 786.3 $ 744.2 (1) Standby letters of credit amounted to $153.5 million at January 31, 2020. (2) At January 31, 2020, we had borrowing capacity of $499.9 million; however, covenant restrictions limited our borrowing capacity to $353.2 million. Term Loan Maturities During the three months ended January 31, 2020, we made principal payments under the term loan of $15.0 million. As of January 31, 2020, the following principal payments are required under the term loan. (in millions) 2020 2021 2022 Debt maturities $ 45.0 $ 120.0 $ 560.0 Interest Rate Swaps We enter into interest rate swaps to manage the interest rate risk associated with our floating-rate, LIBOR-based borrowings. Under these arrangements, we typically pay a fixed interest rate in exchange for LIBOR-based variable interest throughout the life of the agreement. We initially report the mark-to-market gain or loss on a derivative as a component of AOCI and subsequently reclassify the gain or loss into earnings when the hedged transactions occur and affect earnings. Interest payables and receivables under the swap agreements are accrued and recorded as adjustments to interest expense. All of our interest rate swaps have been designated and accounted for as cash flow hedges from inception. See Note 7, “Fair Value of Financial Instruments,” regarding the valuation of our interest rate swaps. Notional Amount Fixed Interest Rate Effective Date Maturity Date $ 90.0 million 2.83% November 1, 2018 April 30, 2021 $ 90.0 million 2.84% November 1, 2018 October 31, 2021 $ 130.0 million 2.86% November 1, 2018 April 30, 2022 $ 130.0 million 2.84% November 1, 2018 September 1, 2022 At January 31, 2020 and October 31, 2019, amounts recorded in AOCI for interest rate swaps were $1.4 million, net of taxes of $0.9 million, and $2.2 million, net of taxes of $1.2 million, respectively. These amounts included the gain associated with the interest rate swaps we terminated in 2018, which is being amortized to interest expense as interest payments are made over the term of our Credit Facility. During the three months ended January 31, 2020, we amortized $1.2 million, net of taxes of $0.4 million, of that gain and we amortized $1.0 million, net of taxes of $0.4 million, during the three months ended January 31, 2019. At January 31, 2020, the total amount expected to be reclassified from AOCI to earnings during the next twelve months is a net loss of $0.2 million (taxes are de minimis ).

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Letters of Credit and Surety Bonds We use letters of credit and surety bonds to secure certain commitments related to insurance programs and for other purposes. As of January 31, 2020, these letters of credit and surety bonds totaled $153.5 million and $596.3 million, respectively. Included in the total amount of surety bonds is $2.3 million of bonds with an effective date starting after January 31, 2020. Guarantees In some instances, we offer clients guaranteed energy savings under certain energy savings contracts. At January 31, 2020, total guarantees were $186.0 million and extend through 2038. We accrue for the estimated cost of guarantees when it is probable that a liability has been incurred and the amount can be reasonably estimated. Historically, we have not incurred any material losses in connection with these guarantees. In connection with an unconsolidated joint venture in which one of our subsidiaries has a 33% ownership interest, that subsidiary and the other joint venture partners have each jointly and severally guaranteed the obligations of the joint venture to perform under certain contracts extending through 2024. Annual revenues relating to the underlying contracts are approximately $41 million. Should the joint venture be unable to perform under these contracts, the joint venture partners would be jointly and severally liable for any losses incurred by the client due to the failure to perform. Sales Tax Audits We collect sales tax from clients and remit those collections to the applicable states. When clients fail to pay their invoices, including the amount of any sales tax that we paid on their behalf, in some cases we are entitled to seek a refund of that amount of sales tax from the applicable state. Sales tax laws and regulations enacted by the various states are subject to interpretation, and our compliance with such laws is routinely subject to audit and review by such states. Audit risk is concentrated in several states, and these states are conducting ongoing audits. The outcomes of ongoing and any future audits and changes in the states’ interpretation of the sales tax laws and regulations could materially adversely impact our results of operations. Legal Matters We are a party to a number of lawsuits, claims, and proceedings incident to the operation of our business, including those pertaining to labor and employment, contracts, personal injury, and other matters, some of which allege substantial monetary damages. Some of these actions may be brought as class actions on behalf of a class or purported class of employees. At January 31, 2020, the total amount accrued for all probable litigation losses where a reasonable estimate of the loss could be made was $7.0 million. Litigation outcomes are difficult to predict and the estimation of probable losses requires the analysis of multiple possible outcomes that often depend on judgments about potential actions by third parties. If one or more matters are resolved in a particular period in an amount in excess of, or in a manner different than, what we anticipated, this could have a material adverse effect on our financial position, results of operations, or cash flows. We do not accrue for contingent losses that, in our judgment, are considered to be reasonably possible but not probable. The estimation of reasonably possible losses also requires the analysis of multiple possible outcomes that often depend on judgments about potential actions by third parties. Our management currently estimates the range of loss for all reasonably possible losses for which a reasonable estimate of the loss can be made is between zero and $9 million. Factors underlying this estimated range of loss may change from time to time, and actual results may vary significantly from this estimate. In some cases, although a loss is probable or reasonably possible, we cannot reasonably estimate the maximum potential losses for probable matters or the range of losses for reasonably possible matters. Therefore, our accrual for probable losses and our estimated range of loss for reasonably possible losses do not represent our maximum possible exposure. While the results of these lawsuits, claims, and proceedings cannot be predicted with any certainty, our management believes that the final outcome of these matters will not have a material adverse effect on our financial position, results of operations, or cash flows. Certain Legal Proceedings In determining whether to include any particular lawsuit or other proceeding in our disclosure below, we consider both quantitative and qualitative factors. These factors include, but are not limited to: the amount of damages and the nature of any other relief sought in the proceeding; if such damages and other relief are specified, our view of the merits of the claims; whether the action is or purports to be a class action, and our view of the likelihood that a class will be certified by the court; the jurisdiction in which the proceeding is pending; and the potential impact of the proceeding on our reputation. The Consolidated Cases of Bucio and Martinez v. ABM Janitorial Services filed on April 7, 2006, pending in the Superior Court of California, County of San Francisco (the “Bucio case”) The Bucio case is a class action pending in San Francisco Superior Court that alleges we failed to provide legally required meal periods and make additional premium payments for such meal periods, pay split shift premiums when owed, and reimburse janitors for travel expenses. There is also a claim for penalties under the California Labor Code Private Attorneys General Act (“PAGA”). On April 19, 2011, the trial court held a hearing on plaintiffs’ motion to certify the class. At the conclusion of that hearing, the trial court denied plaintiffs’ motion to certify the class. On May 11, 2011, the plaintiffs filed a motion to reconsider, which was denied. The plaintiffs appealed the class certification issues. The trial court stayed the underlying lawsuit pending the decision in the appeal. The Court of Appeal of the State of California, First Appellate District (the “Court of Appeal”), heard oral arguments on November 7, 2017. On December 11, 2017, the Court of Appeal reversed the trial court’s order denying class certification and remanded the matter for certification of a meal period, travel expense reimbursement, and split shift class. The case was remitted to the trial court for further proceedings on class certification, discovery, dispositive motions, and trial.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our quarterly tax provision is calculated using an estimated annual tax rate that is adjusted for discrete items occurring during the period to arrive at our effective tax rate. During the three months ended January 31, 2020 and 2019, we had effective tax rates of 23.6% and 26.4%, respectively, resulting in provisions for taxes of $8.6 million and $4.7 million, respectively. There were no significant discrete items that impacted our effective tax rate during either period. We plan to reinvest our foreign earnings to fund future non-U.S. growth and expansion, and we do not anticipate remitting such earnings to the United States. While U.S. federal tax expense has been recognized as a result of the Tax Cuts and Jobs Act of 2017, no deferred tax liabilities with respect to federal and state income taxes or foreign withholding taxes have been recognized.

Segment Information

Segment Information	3 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Our current reportable segments consist of B&I, Aviation, T&M, Education, and Technical Solutions, as further described below. Refer to Note 2, “Basis of Presentation and Significant Accounting Policies,” for information related to the reorganization of our Healthcare business into our other industry groups, primarily B&I, during the third quarter of 2019. REPORTABLE SEGMENTS AND DESCRIPTIONS B&I B&I, our largest reportable segment, encompasses janitorial, facilities services, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. B&I also provides vehicle maintenance and other services to rental car providers. Aviation Aviation supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. T&M T&M provides janitorial, facilities services, and parking services to industrial and high-tech manufacturing facilities. Education Education delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Technical Solutions Technical Solutions specializes in mechanical and electrical services. These services can also be leveraged for cross-selling across all of our industry groups, both domestically and internationally. Financial Information by Reportable Segment Three Months Ended January 31, (in millions) 2020 2019 Revenues Business & Industry $ 820.9 $ 828.8 Aviation 238.7 252.4 Technology & Manufacturing 233.9 236.1 Education 208.0 208.9 Technical Solutions 142.0 116.1 Elimination of inter-segment revenues (30.6) (34.4) $ 1,612.9 $ 1,607.9 Operating profit (loss) Business & Industry $ 38.2 $ 36.8 Aviation 5.6 3.9 Technology & Manufacturing 16.7 18.2 Education 11.2 10.3 Technical Solutions 8.3 6.8 Corporate (33.3) (44.7) Adjustment for income from unconsolidated affiliates, included in Aviation (0.9) (0.9) 45.8 30.3 Income from unconsolidated affiliates 0.9 0.9 Interest expense (10.2) (13.5) Income from continuing operations before income taxes $ 36.5 $ 17.8

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements have been prepared in accordance with (i) United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and (ii) the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of our management, our unaudited consolidated financial statements and accompanying notes (the “Financial Statements”) include all normal recurring adjustments that are necessary for the fair statement of the interim periods presented. Interim results of operations are not necessarily indicative of results for the full year. The Financial Statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) in our Annual Report on Form 10-K for the year ended October 31, 2019 (“Annual Report”). Unless otherwise indicated, all references to years are to our fiscal years, which end on October 31.
Prior Year Reclassifications	During the third quarter of 2019, we made changes to our operating structure to better align the services and expertise of our Healthcare business with our other industry groups, allowing us to leverage our existing branch network to support the long-term growth of this business. As a result, our former Healthcare portfolio is now included primarily in our Business & Industry segment. Our prior period segment data in Note 12, “Segment Information,” has been reclassified to conform with our current period presentation. This change had no impact on our previously reported consolidated financial statements.
Discontinued Operations	Following the sale of our Security business in 2015, we record all costs associated with this former business in discontinued operations. Such costs generally relate to litigation we retained and insurance reserves.
Management Reimbursement Revenue by Segment and Contracts with Customers	We operate certain parking facilities under management reimbursement arrangements. Under these arrangements, we manage the parking facilities for management fees and pass through the revenues and expenses associated with the facilities to the owners.
Recently Adopted Accounting Standards	Our significant accounting policies are described in Note 2, “Basis of Presentation and Significant Accounting Policies,” in our Annual Report. There have been no material changes to our significant accounting policies during the three months ended January 31, 2020, other than as described below. Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) . Since the release of ASU 2016-02, the FASB issued the following additional ASUs further updating Topic 842: • In January 2018, ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 842 • In July 2018, ASU 2018-10, Codification Improvements to Topic 842 • In July 2018, ASU 2018-11, Leases (Topic 842): Targeted Improvements • In March 2019, ASU 2019-01, Leases (Topic 842): Codification Improvements Topic 842 replaces existing lease accounting guidance and is intended to provide enhanced transparency and comparability by requiring lessees to record most leases on the balance sheet. Under Topic 842, lessees are required to record on the balance sheet right-of-use (“ROU”) assets (the right to use an underlying asset for the lease term) and the corresponding lease liabilities (the obligation to make lease payments arising from the lease). The new guidance requires us to continue classifying leases as either operating or financing, with classification affecting the pattern of expense recognition in the statements of comprehensive income. In addition, the new standard requires enhanced disclosures surrounding the amount, timing, and uncertainty of cash flows arising from leasing arrangements. We adopted Topic 842 on November 1, 2019 on a modified retrospective basis using the optional transition method permitted under ASU 2018-11 and have used this effective date as the initial application date. Comparative prior period financial statements have not been restated and continue to be reported under the accounting standards in effect for those prior periods presented. Upon adoption, we elected the package of transition practical expedients that allowed us to carry forward prior conclusions related to: (i) whether any expired or existing contracts are or contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for existing leases. Additionally, we elected the practical expedient of not separating lease components from non-lease components for all asset classes. We also made an accounting policy election to not record ROU assets or lease liabilities for leases with an initial term of 12 months or less and will recognize payments for such leases in the consolidated statements of comprehensive income on a straight-line basis over the lease term. We did not elect the use of hindsight for determining the reasonably certain lease term. The adoption of Topic 842 had a significant impact on our unaudited Consolidated Balance Sheet, but did not have a significant impact on our unaudited Consolidated Statement of Comprehensive Income, our unaudited Consolidated Statement of Stockholders' Equity, our unaudited Consolidated Statement of Cash Flows, our liquidity, or our compliance with the various covenants contained within our credit facility, as further described in Note 9, “Credit Facility.” The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while our accounting for finance leases remained substantially unchanged. See Note 4, “Leases,” for additional information on our lease arrangements. The impact of adoption of Topic 842 on our unaudited Consolidated Balance Sheet was as follows: (in millions) Balance at Adjustments Due to Adoption of Topic 842 Balance at ASSETS Right-of-use assets (1) $ — $ 167.5 $ 167.5 LIABILITIES AND STOCKHOLDERS’ EQUITY Current portion of lease liabilities (2) $ — $ 36.3 $ 36.3 Other accrued liabilities (3) 158.2 (3.0) 155.2 Long-term lease liabilities (4) — 154.2 154.2 Other noncurrent liabilities (5) 78.8 (20.0) 58.8 (1) Represents capitalization of operating lease assets and reclassification of prepaid rent, deferred rent, lease exit impairment liabilities, and lease incentives and tenant improvements on operating leases. (2) Represents the recognition of short-term operating lease liabilities. (3) Represents short-term deferred rent reclassified to ROU assets. (4) Represents the recognition of long-term operating lease liabilities. (5) Represents long-term deferred rent, lease incentives and tenant improvements, and lease exit impairment liabilities reclassified to ROU assets.
Revenues	We have arrangements under various contract types, as described in Note 2, “Basis of Presentation and Significant Accounting Policies,” in our Annual Report. Certain arrangements involve variable consideration (primarily per transaction fees, reimbursable expenses, and sales-based royalties). We do not estimate the variable consideration for these arrangements; rather, we recognize these variable fees as they are earned. The majority of our contracts include performance obligations that are primarily satisfied over time as we provide the related services; these contract types include: monthly fixed-price; square-foot; cost-plus; tag services; transaction-price; hourly; management reimbursement; leased location; allowance; energy savings contracts; and fixed-price repair and refurbishment contracts, as well as our franchise and royalty fee arrangements. We recognize revenue as the services are performed using a measure of progress that is determined by the contract type. Generally, most of our contracts are cancelable by either party without a substantive penalty, and the majority have a notification period of 30 to 60 days.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Schedule of Management Reimbursement Revenue by Segment	These revenues and expenses are reported in equal amounts as costs reimbursed from our managed locations: Three Months Ended January 31, (in millions) 2020 2019 Business & Industry $ 73.7 $ 71.0 Aviation 25.9 24.2 Total $ 99.6 $ 95.2
Schedule of New Accounting Pronouncements Impacts on Consolidated Financial Statements	The impact of adoption of Topic 842 on our unaudited Consolidated Balance Sheet was as follows: (in millions) Balance at Adjustments Due to Adoption of Topic 842 Balance at ASSETS Right-of-use assets (1) $ — $ 167.5 $ 167.5 LIABILITIES AND STOCKHOLDERS’ EQUITY Current portion of lease liabilities (2) $ — $ 36.3 $ 36.3 Other accrued liabilities (3) 158.2 (3.0) 155.2 Long-term lease liabilities (4) — 154.2 154.2 Other noncurrent liabilities (5) 78.8 (20.0) 58.8 (1) Represents capitalization of operating lease assets and reclassification of prepaid rent, deferred rent, lease exit impairment liabilities, and lease incentives and tenant improvements on operating leases. (2) Represents the recognition of short-term operating lease liabilities. (3) Represents short-term deferred rent reclassified to ROU assets. (4) Represents the recognition of long-term operating lease liabilities. (5) Represents long-term deferred rent, lease incentives and tenant improvements, and lease exit impairment liabilities reclassified to ROU assets.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Major Service Lines and Segments	Three Months Ended January 31, 2020 (in millions) B&I Aviation T&M Education Technical Solutions Total Major Service Line Janitorial (1) $ 593.5 $ 34.6 $ 185.6 $ 186.2 $ — $ 1,000.0 Parking (2) 125.9 84.9 8.1 0.7 — 219.6 Facility Services (3) 101.4 11.7 40.2 21.0 — 174.3 Building & Energy Solutions (4) — — — — 142.0 142.0 Airline Services (5) 0.1 107.5 — — — 107.6 $ 820.9 $ 238.7 $ 233.9 $ 208.0 $ 142.0 $ 1,643.6 Elimination of inter-segment revenues (30.6) Total $ 1,612.9 Three Months Ended January 31, 2019 (in millions) B&I Aviation T&M Education Technical Solutions Total Major Service Line Janitorial (1) $ 584.0 $ 31.1 $ 187.2 $ 187.5 $ — $ 989.8 Parking (2) 128.1 85.8 7.4 0.8 — 222.1 Facility Services (3) 116.6 18.0 41.4 20.7 — 196.7 Building & Energy Solutions (4) — — — — 116.1 116.1 Airline Services (5) 0.2 117.5 — — — 117.7 $ 828.8 $ 252.4 $ 236.1 $ 208.9 $ 116.1 $ 1,642.3 Elimination of inter-segment revenues (34.4) Total $ 1,607.9 (1) Janitorial arrangements provide a wide range of essential cleaning services for commercial office buildings, airports and other transportation centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, and stadiums and arenas. These arrangements are often structured as monthly fixed-price, square-foot, cost-plus, and tag services contracts. (2) Parking arrangements provide parking and transportation services for clients at various locations, including airports and other transportation centers, commercial office buildings, educational institutions, health facilities, hotels, and stadiums and arenas. These arrangements are structured as management reimbursement, leased location, and allowance contracts. Certain of these arrangements are considered service concession agreements and are accounted for under the guidance of Topic 853; accordingly, rent expense related to these arrangements is recorded as a reduction of the related parking service revenues. (3) Facility Services arrangements provide onsite mechanical engineering and technical services and solutions relating to a broad range of facilities and infrastructure systems that are designed to extend the useful life of facility fixed assets, improve equipment operating efficiencies, reduce energy consumption, lower overall operational costs for clients, and enhance the sustainability of client locations. These arrangements are generally structured as monthly fixed-price, cost-plus, and tag services contracts. (4) Building & Energy Solutions arrangements provide custom energy solutions, electrical, HVAC, lighting, and other general maintenance and repair services for clients in the public and private sectors and are generally structured as Energy Savings and Fixed-Price Repair and Refurbishment contracts. We also franchise certain operations under franchise agreements relating to our Linc Network and TEGG brands, pursuant to franchise contracts. (5) Airline Services arrangements support airlines and airports with services such as passenger assistance, catering logistics, and airplane cabin maintenance. These arrangements are often structured as monthly fixed-price, cost-plus, transaction price, and hourly contracts.
Contract with Customer, Asset and Liability	The following tables present the balances in our contract assets and contract liabilities: (in millions) January 31, 2020 October 31, 2019 Contract assets Billed trade receivables (1) $ 962.5 $ 978.7 Unbilled trade receivables (1) 63.4 56.9 Costs incurred in excess of amounts billed (2) 79.6 72.6 Capitalized commissions (3) 21.6 21.8 (1) Included in trade accounts receivable, net, on the consolidated balance sheets. The fluctuations correlate directly to the execution of new customer contracts and to invoicing and collections from customers in the normal course of business. (2) The increase is primarily due to the timing of payments on our contracts measured using the cost-to-cost method of revenue recognition. (3) Included in other current assets and other noncurrent assets on the consolidated balance sheets. During the three months ended January 31, 2020, we capitalized $3.5 million of new costs and amortized $3.7 million of previously capitalized costs. There was no impairment loss recorded on the costs capitalized. (in millions) Three Months Ended Contract liabilities (1) Balance at beginning of period $ 38.0 Additional contract liabilities 73.5 Recognition of deferred revenue (74.6) Balance at end of period $ 36.9

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Supplemental Balance Sheet Information	The components of lease assets and liabilities and their classification on our unaudited Consolidated Balance Sheets as of January 31, 2020 were as follows: Balance at (in millions) Classification January 31, 2020 Lease assets Operating leases Right-of-use assets $ 163.4 Finance leases Property, plant and equipment, net (1) 9.1 Total lease assets $ 172.5 Lease liabilities Current liabilities Operating leases Current portion of lease liabilities $ 36.0 Finance leases Other accrued liabilities 4.5 Noncurrent liabilities Operating leases Long-term lease liabilities 150.0 Finance leases Other noncurrent liabilities 2.2 Total lease liabilities $ 192.7 The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities: As of January 31, 2020 Weighted-average remaining lease term (years) Operating leases 6.4 Finance leases 2.6 Weighted-average discount rate Operating leases 4.05 % Finance leases 4.38 %
Lease, Cost	The components of lease costs and classification within the unaudited Consolidated Statements of Comprehensive Income were as follows: Three Months Ended (in millions) January 31, 2020 Operating lease costs: Operating expenses (1)(2) $ 21.0 Selling, general and administrative expenses (3) 5.6 Finance lease costs: Operating expenses (4) 1.1 Interest expense (5) 0.1 Total lease costs $ 27.8 (1) Related to certain parking arrangements. (2) Includes short-term lease costs and variable lease costs. (3) Includes short-term lease costs. (4) Represents amortization of leased assets. (5) Interest on lease liabilities. The following table presents information on short-term and variable lease costs: Three Months Ended (in millions) January 31, 2020 Short-term lease costs $ 14.5 Variable lease costs 2.0 Total short-term and variable lease costs $ 16.5 The following table includes supplemental cash and non-cash information related to operating leases: Three Months Ended (in millions) January 31, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 11.4 Operating cash flows from finance leases 0.1 Financing cash flows from finance leases 0.8 Lease assets obtained in exchange for new operating lease liabilities (1) 5.2
Maturities of Operating Lease Liabilities	The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of January 31, 2020 are as follows: (in millions) Operating Finance Total Remainder of fiscal 2020 $ 32.6 $ 2.6 $ 35.2 Fiscal 2021 38.9 2.9 41.8 Fiscal 2022 32.9 1.5 34.4 Fiscal 2023 27.8 0.8 28.6 Fiscal 2024 22.7 — 22.7 Thereafter 58.3 — 58.3 Total lease payments 213.2 7.8 221.0 Less: imputed interest 27.2 1.1 28.3 Present value of lease liabilities $ 186.0 $ 6.7 $ 192.7 Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows: (in millions) Operating and Other (1) Capital Total Fiscal 2020 $ 42.8 $ 3.1 $ 45.9 Fiscal 2021 35.5 2.5 38.0 Fiscal 2022 30.3 1.3 31.6 Fiscal 2023 25.6 0.6 26.2 Fiscal 2024 20.5 — 20.5 Thereafter 51.8 — 51.8 Total (2) $ 206.5 $ 7.5 $ 214.0 (1) Includes total estimated sublease rental income of $15.8 million.
Maturities of Finance Lease Liabilities	The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of January 31, 2020 are as follows: (in millions) Operating Finance Total Remainder of fiscal 2020 $ 32.6 $ 2.6 $ 35.2 Fiscal 2021 38.9 2.9 41.8 Fiscal 2022 32.9 1.5 34.4 Fiscal 2023 27.8 0.8 28.6 Fiscal 2024 22.7 — 22.7 Thereafter 58.3 — 58.3 Total lease payments 213.2 7.8 221.0 Less: imputed interest 27.2 1.1 28.3 Present value of lease liabilities $ 186.0 $ 6.7 $ 192.7 Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows: (in millions) Operating and Other (1) Capital Total Fiscal 2020 $ 42.8 $ 3.1 $ 45.9 Fiscal 2021 35.5 2.5 38.0 Fiscal 2022 30.3 1.3 31.6 Fiscal 2023 25.6 0.6 26.2 Fiscal 2024 20.5 — 20.5 Thereafter 51.8 — 51.8 Total (2) $ 206.5 $ 7.5 $ 214.0 (1) Includes total estimated sublease rental income of $15.8 million.

Restructuring and Related Cos_2

Restructuring and Related Costs (Tables)	3 Months Ended
	Jan. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Liabilities	Rollforward of Restructuring and Related Liabilities (in millions) Balance, Costs Recognized (1) Payments Non-Cash Items Balance, Employee severance $ 3.0 $ 0.2 $ (1.0) $ — $ 2.2 Other project fees 0.7 3.0 (2.6) (0.2) 1.0 Lease exit costs and asset impairment 2.7 — (0.2) (2.2) 0.4 External support fees 0.5 — (0.5) — — Total $ 7.0 $ 3.1 $ (4.3) $ (2.3) $ 3.5 (1) We include these costs within corporate expenses. Cumulative Restructuring and Related Charges (in millions) External Support Fees Employee Severance Other Project Fees Lease Exit Costs Asset Impairment Total GCA and Other $ 3.5 $ 18.2 $ 15.4 $ 0.7 $ — $ 37.7 2020 Vision 30.0 13.0 10.7 7.7 5.2 66.5 Total $ 33.4 $ 31.2 $ 26.0 $ 8.4 $ 5.2 $ 104.2

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income Per Common Share Calculations	Basic and Diluted Net Income Per Common Share Calculations Three Months Ended January 31, (in millions, except per share amounts) 2020 2019 Income from continuing operations $ 27.9 $ 13.0 Income (loss) from discontinued operations, net of taxes 0.1 (0.1) Net income $ 28.0 $ 13.0 Weighted-average common and common equivalent shares 66.9 66.4 Effect of dilutive securities Restricted stock units 0.1 0.1 Stock options 0.1 0.1 Performance shares 0.1 0.1 Weighted-average common and common equivalent shares 67.2 66.7 Net income per common share — Basic Income from continuing operations $ 0.42 $ 0.20 Income from discontinued operations — — Net income $ 0.42 $ 0.20 Net income per common share — Diluted Income from continuing operations $ 0.41 $ 0.20 Income from discontinued operations — — Net income $ 0.42 $ 0.19
Schedule of Anti-Dilutive Outstanding Stock Awards Issued Under Share-Based Compensation Plans	Anti-Dilutive Outstanding Stock Awards Issued Under Share-Based Compensation Plans Three Months Ended January 31, (in millions) 2020 2019 Anti-dilutive 0.2 0.4

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions) Fair Value Hierarchy January 31, 2020 October 31, 2019 Cash and cash equivalents (1) 1 $ 69.8 $ 58.5 Insurance deposits (2) 1 0.8 0.8 Assets held in funded deferred compensation plan (3) 1 2.5 2.5 Credit facility (4) 2 864.8 808.4 Interest rate swap liabilities (5) 2 14.1 14.6 Investments in auction rate securities (6) 3 — 5.0 (1) Cash and cash equivalents are stated at nominal value, which equals fair value. (2) Represents restricted deposits that are used to collateralize our insurance obligations and are stated at nominal value, which equals fair value. These insurance deposits are included in “Other noncurrent assets” on the accompanying unaudited consolidated balance sheets. See Note 8, “Insurance,” for further information. (3) Represents investments held in a Rabbi trust associated with one of our deferred compensation plans, which we include in “Other noncurrent assets” on the accompanying unaudited consolidated balance sheets. The fair value of the assets held in the funded deferred compensation plan is based on quoted market prices. (4) Represents gross outstanding borrowings under our syndicated line of credit and term loan. Due to variable interest rates, the carrying value of outstanding borrowings under our line of credit and term loan approximates the fair value. See Note 9, “Credit Facility,” for further information. (5) Represents interest rate swap derivatives designated as cash flow hedges. The fair values of the interest rate swaps are estimated based on the present value of the difference between expected cash flows calculated at the contracted interest rates and the expected cash flows at current market interest rates using observable benchmarks for the London Interbank Offered Rate (“LIBOR”) forward rates at the end of the period. At January 31, 2020 and October 31, 2019, our interest rate swaps are included in “Other noncurrent liabilities” on the accompanying unaudited consolidated balance sheets. See Note 9, “Credit Facility,” for further information. (6) The fair value of investments in auction rate securities is based on discounted cash flow valuation models, primarily utilizing unobservable inputs, including assumptions about the underlying collateral, credit risks associated with the issuer, credit enhancements associated with financial insurance guarantees, and the possibility of the security being re-financed by the issuer or having a successful auction. At October 31, 2019 we held an investment in one auction rate security that had an original principal amount, amortized cost, and fair value of $5.0 million that was included in “Other investments” on the accompanying unaudited consolidated balance sheets. During the first quarter of 2020, this auction rate security was called by the issuer, and we received proceeds for the fair value of this debt instrument of $5.0 million. There were no unrealized gains or losses on this auction rate security included in accumulated other comprehensive income (“AOCI”). At January 31, 2020 we had no investments in auction rate securities.

Insurance (Tables)

Insurance (Tables)	3 Months Ended
	Jan. 31, 2020
Insurance [Abstract]
Schedule of Insurance Related Balances and Activity	Insurance Related Balances and Activity (in millions) January 31, 2020 October 31, 2019 Insurance claim reserves, excluding medical and dental $ 507.2 $ 507.8 Medical and dental claim reserves 6.8 7.2 Insurance recoverables 64.5 64.5
Schedule of Instruments Used to Collateralize Insurance Obligations	Instruments Used to Collateralize Our Insurance Obligations (in millions) January 31, 2020 October 31, 2019 Standby letters of credit $ 144.0 $ 141.0 Surety bonds 87.8 90.8 Restricted insurance deposits 0.8 0.8 Total $ 232.6 $ 232.6

Credit Facility (Tables)

Credit Facility (Tables)	3 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Schedule of Credit Facility Information	Credit Facility Information (in millions) January 31, 2020 October 31, 2019 Current portion of long-term debt Gross term loan $ 75.0 $ 60.0 Unamortized deferred financing costs (2.7) (2.8) Current portion of term loan $ 72.3 $ 57.2 Long-term debt Gross term loan $ 650.0 $ 680.0 Unamortized deferred financing costs (3.5) (4.1) Total noncurrent portion of term loan 646.5 675.9 Line of credit (1)(2) 139.8 68.4 Long-term debt $ 786.3 $ 744.2 (1) Standby letters of credit amounted to $153.5 million at January 31, 2020. (2) At January 31, 2020, we had borrowing capacity of $499.9 million; however, covenant restrictions limited our borrowing capacity to $353.2 million.
Schedule of Term Loan Maturities	As of January 31, 2020, the following principal payments are required under the term loan. (in millions) 2020 2021 2022 Debt maturities $ 45.0 $ 120.0 $ 560.0
Schedule of Interest Rate Swap Information	Notional Amount Fixed Interest Rate Effective Date Maturity Date $ 90.0 million 2.83% November 1, 2018 April 30, 2021 $ 90.0 million 2.84% November 1, 2018 October 31, 2021 $ 130.0 million 2.86% November 1, 2018 April 30, 2022 $ 130.0 million 2.84% November 1, 2018 September 1, 2022

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Schedule of Financial Information by Reportable Segment	Our current reportable segments consist of B&I, Aviation, T&M, Education, and Technical Solutions, as further described below. Refer to Note 2, “Basis of Presentation and Significant Accounting Policies,” for information related to the reorganization of our Healthcare business into our other industry groups, primarily B&I, during the third quarter of 2019. REPORTABLE SEGMENTS AND DESCRIPTIONS B&I B&I, our largest reportable segment, encompasses janitorial, facilities services, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. B&I also provides vehicle maintenance and other services to rental car providers. Aviation Aviation supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. T&M T&M provides janitorial, facilities services, and parking services to industrial and high-tech manufacturing facilities. Education Education delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Technical Solutions Technical Solutions specializes in mechanical and electrical services. These services can also be leveraged for cross-selling across all of our industry groups, both domestically and internationally. Financial Information by Reportable Segment Three Months Ended January 31, (in millions) 2020 2019 Revenues Business & Industry $ 820.9 $ 828.8 Aviation 238.7 252.4 Technology & Manufacturing 233.9 236.1 Education 208.0 208.9 Technical Solutions 142.0 116.1 Elimination of inter-segment revenues (30.6) (34.4) $ 1,612.9 $ 1,607.9 Operating profit (loss) Business & Industry $ 38.2 $ 36.8 Aviation 5.6 3.9 Technology & Manufacturing 16.7 18.2 Education 11.2 10.3 Technical Solutions 8.3 6.8 Corporate (33.3) (44.7) Adjustment for income from unconsolidated affiliates, included in Aviation (0.9) (0.9) 45.8 30.3 Income from unconsolidated affiliates 0.9 0.9 Interest expense (10.2) (13.5) Income from continuing operations before income taxes $ 36.5 $ 17.8

The Company and Nature of Ope_2

The Company and Nature of Operations - Narrative (Details)	3 Months Ended
	Jan. 31, 2020industry_groupsegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of industry groups | industry_group	4
Number of technical solutions segments | segment	1

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Management Reimbursement Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Parking facility management fee revenue	$ 1,612.9	$ 1,607.9
Management Reimbursement Revenue
Segment Reporting Information [Line Items]
Parking facility management fee revenue	99.6	95.2
Management Reimbursement Revenue | Business & Industry
Segment Reporting Information [Line Items]
Parking facility management fee revenue	73.7	71
Management Reimbursement Revenue | Aviation
Segment Reporting Information [Line Items]
Parking facility management fee revenue	$ 25.9	$ 24.2

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Impact of ROU Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Jan. 31, 2020	Nov. 01, 2019	Oct. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets	$ 163.4	$ 167.5
Current portion of lease liabilities	36	36.3
Other accrued liabilities	153.5	155.2	$ 158.2
Long-term lease liabilities	150	154.2
Other noncurrent liabilities	$ 58.1	58.8	$ 78.8
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets		167.5
Current portion of lease liabilities		36.3
Other accrued liabilities		(3)
Long-term lease liabilities		154.2
Other noncurrent liabilities		$ (20)

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Revenue from External Customer [Line Items]
Revenues	$ 1,612.9	$ 1,607.9
Operating Segments
Revenue from External Customer [Line Items]
Revenues	1,643.6	1,642.3
Operating Segments | Business & Industry
Revenue from External Customer [Line Items]
Revenues	820.9	828.8
Operating Segments | Aviation
Revenue from External Customer [Line Items]
Revenues	238.7	252.4
Operating Segments | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	233.9	236.1
Operating Segments | Education
Revenue from External Customer [Line Items]
Revenues	208	208.9
Operating Segments | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	142	116.1
Operating Segments | Janitorial
Revenue from External Customer [Line Items]
Revenues	1,000	989.8
Operating Segments | Janitorial | Business & Industry
Revenue from External Customer [Line Items]
Revenues	593.5	584
Operating Segments | Janitorial | Aviation
Revenue from External Customer [Line Items]
Revenues	34.6	31.1
Operating Segments | Janitorial | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	185.6	187.2
Operating Segments | Janitorial | Education
Revenue from External Customer [Line Items]
Revenues	186.2	187.5
Operating Segments | Janitorial | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Parking
Revenue from External Customer [Line Items]
Revenues	219.6	222.1
Operating Segments | Parking | Business & Industry
Revenue from External Customer [Line Items]
Revenues	125.9	128.1
Operating Segments | Parking | Aviation
Revenue from External Customer [Line Items]
Revenues	84.9	85.8
Operating Segments | Parking | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	8.1	7.4
Operating Segments | Parking | Education
Revenue from External Customer [Line Items]
Revenues	0.7	0.8
Operating Segments | Parking | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Facility Services
Revenue from External Customer [Line Items]
Revenues	174.3	196.7
Operating Segments | Facility Services | Business & Industry
Revenue from External Customer [Line Items]
Revenues	101.4	116.6
Operating Segments | Facility Services | Aviation
Revenue from External Customer [Line Items]
Revenues	11.7	18
Operating Segments | Facility Services | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	40.2	41.4
Operating Segments | Facility Services | Education
Revenue from External Customer [Line Items]
Revenues	21	20.7
Operating Segments | Facility Services | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Building & Energy Solutions
Revenue from External Customer [Line Items]
Revenues	142	116.1
Operating Segments | Building & Energy Solutions | Business & Industry
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Building & Energy Solutions | Aviation
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Building & Energy Solutions | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Building & Energy Solutions | Education
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Building & Energy Solutions | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	142	116.1
Operating Segments | Airline Services
Revenue from External Customer [Line Items]
Revenues	107.6	117.7
Operating Segments | Airline Services | Business & Industry
Revenue from External Customer [Line Items]
Revenues	0.1	0.2
Operating Segments | Airline Services | Aviation
Revenue from External Customer [Line Items]
Revenues	107.5	117.5
Operating Segments | Airline Services | Technology & Manufacturing
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Airline Services | Education
Revenue from External Customer [Line Items]
Revenues	0	0
Operating Segments | Airline Services | Technical Solutions
Revenue from External Customer [Line Items]
Revenues	0	0
Intersegment Eliminations
Revenue from External Customer [Line Items]
Revenues	$ (30.6)	$ (34.4)

Revenues - Remaining Performanc

Revenues - Remaining Performance Obligations Narrative (Details) $ in Millions	Jan. 31, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 178.4
Revenue, remaining performance obligation, percentage	77.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	12 months

Revenues - Contract with Custom

Revenues - Contract with Customer, Asset and Liability (Details) - USD ($)	3 Months Ended
	Jan. 31, 2020	Oct. 31, 2019
Revenue from Contract with Customer [Abstract]
Billed trade receivables	$ 962,500,000	$ 978,700,000
Unbilled trade receivables	63,400,000	56,900,000
Costs incurred in excess of amounts billed	79,600,000	72,600,000
Capitalized commissions	21,600,000	$ 21,800,000
Capitalized contract price	3,500,000
Capitalized contract cost, amortization	(3,700,000)
Capitalized contract cost, impairment loss	0
Contract with Customer, Liabilities [Roll Forward]
Contract liabilities, balance at beginning of period	38,000,000
Additional contract liabilities	73,500,000
Recognition of deferred revenue	(74,600,000)
Contract liabilities, balance at end of period	$ 36,900,000

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Lessee, Lease, Description [Line Items]
Lease, Cost	$ 27.8
Operating lease, cost	26.6
Finance lease, cost	$ 1.2
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	30 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jan. 31, 2020	Nov. 01, 2019
Lease assets
Operating lease, right-of-use asset	$ 163.4	$ 167.5
Finance lease, right-of-use asset	9.1
Total lease assets	172.5
Current liabilities
Operating leases	36	36.3
Finance leases	4.5
Noncurrent liabilities
Operating leases	150	$ 154.2
Finance leases	2.2
Total lease liabilities	192.7
Finance leases, accumulated depreciation	$ 11.1

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Operating lease costs:
Operating lease, cost	$ 26.6
Finance lease costs:
Operating expenses(4)	1.1
Interest expense(5)	0.1
Total lease costs	27.8
Short-term lease costs	14.5
Variable lease costs	2
Total short-term and variable lease costs	16.5
Operating expenses(1)(2)
Operating lease costs:
Operating lease, cost	21
Selling, general and administrative expenses(3)
Operating lease costs:
Operating lease, cost	$ 5.6

Leases - Maturities of Operatin

Leases - Maturities of Operating and Finance Lease Liabilities After Adoption of 842 (Details) $ in Millions	Jan. 31, 2020USD ($)
Operating Lease Liabilities
Remainder of fiscal 2020	$ 32.6
Fiscal 2021	38.9
Fiscal 2022	32.9
Fiscal 2023	27.8
Fiscal 2024	22.7
Thereafter	58.3
Total operating lease payments	213.2
Less: imputed interest	27.2
Present value of operating lease liabilities	186
Finance Lease Liabilities
Remainder of fiscal 2020	2.6
Fiscal 2021	2.9
Fiscal 2022	1.5
Fiscal 2023	0.8
Fiscal 2024	0
Thereafter	0
Total finance lease payments	7.8
Less: imputed interest	1.1
Present value of finance lease liabilities	6.7
Total
Remainder of fiscal 2020	35.2
Fiscal 2021	41.8
Fiscal 2022	34.4
Fiscal 2023	28.6
Fiscal 2024	22.7
Thereafter	58.3
Total lease payments	221
Less: imputed interest	28.3
Present value of lease liabilities	$ 192.7

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Discount Rate (Details)	Jan. 31, 2020
Weighted-average remaining lease term (years)
Operating leases	6 years 4 months 24 days
Finance leases	2 years 7 months 6 days
Weighted-average discount rate
Operating leases	4.05%
Finance leases	4.38%

Leases - Supplemental Cash and

Leases - Supplemental Cash and Non-cash Information (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 11.4
Operating cash flows from finance leases	0.1
Financing cash flows from finance leases	0.8
Lease assets obtained in exchange for new operating lease liabilities(1)	$ 5.2

Leases - Maturities of Operat_2

Leases - Maturities of Operating and Finance Lease Liabilities Before Adoption of 842 (Details) $ in Millions	Oct. 31, 2019USD ($)
Operating and Other
Fiscal 2020	$ 42.8
Fiscal 2021	35.5
Fiscal 2022	30.3
Fiscal 2023	25.6
Fiscal 2024	20.5
Thereafter	51.8
Operating and other leases total	206.5
Capital
Fiscal 2020	3.1
Fiscal 2021	2.5
Fiscal 2022	1.3
Fiscal 2023	0.6
Fiscal 2024	0
Thereafter	0
Total capital leases	7.5
Total
Fiscal 2020	45.9
Fiscal 2021	38
Fiscal 2022	31.6
Fiscal 2023	26.2
Fiscal 2024	20.5
Thereafter	51.8
Total(2)	214
Sublease rental income	$ 15.8

Restructuring and Related Cos_3

Restructuring and Related Costs - Narrative (Details) $ in Millions	Jan. 31, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Cumulative charges	$ 104.2
2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	$ 66.5

Restructuring and Related Cos_4

Restructuring and Related Costs - Restructuring and Related Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Restructuring Reserve [Roll Forward]
Balance, beginning of period	$ 7
Costs Recognized	3.1	$ 3.8
Payments	(4.3)
Non-Cash Items	(2.3)
Balance, end of period	3.5
Employee severance
Restructuring Reserve [Roll Forward]
Balance, beginning of period	3
Costs Recognized	0.2
Payments	(1)
Non-Cash Items	0
Balance, end of period	2.2
Other project fees
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0.7
Costs Recognized	3
Payments	(2.6)
Non-Cash Items	(0.2)
Balance, end of period	1
Lease exit costs and asset impairment
Restructuring Reserve [Roll Forward]
Balance, beginning of period	2.7
Costs Recognized	0
Payments	(0.2)
Non-Cash Items	(2.2)
Balance, end of period	0.4
External support fees
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0.5
Costs Recognized	0
Payments	(0.5)
Non-Cash Items	0
Balance, end of period	$ 0

Restructuring and Related Cos_5

Restructuring and Related Costs - Cumulative Restructuring and Related Charges (Details) $ in Millions	Jan. 31, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Cumulative charges	$ 104.2
GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	37.7
2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	66.5
External Support Fees
Restructuring Cost and Reserve [Line Items]
Cumulative charges	33.4
External Support Fees | GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	3.5
External Support Fees | 2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	30
Employee Severance
Restructuring Cost and Reserve [Line Items]
Cumulative charges	31.2
Employee Severance | GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	18.2
Employee Severance | 2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	13
Other Project Fees
Restructuring Cost and Reserve [Line Items]
Cumulative charges	26
Other Project Fees | GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	15.4
Other Project Fees | 2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	10.7
Lease Exit Costs
Restructuring Cost and Reserve [Line Items]
Cumulative charges	8.4
Lease Exit Costs | GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	0.7
Lease Exit Costs | 2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	7.7
Asset Impairment
Restructuring Cost and Reserve [Line Items]
Cumulative charges	5.2
Asset Impairment | GCA and Other Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	0
Asset Impairment | 2020 Vision Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges	$ 5.2

Net Income Per Common Share - C

Net Income Per Common Share - Calculations of Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income from continuing operations	$ 27.9	$ 13
Income (loss) from discontinued operations, net of taxes	0.1	(0.1)
Net income	$ 28	$ 13
Weighted-average common and common equivalent shares outstanding — Basic (in shares)	66.9	66.4
Effect of dilutive securities
Weighted-average common and common equivalent shares outstanding — Diluted (in shares)	67.2	66.7
Net income per common share — Basic
Income from continuing operations (in usd per share)	$ 0.42	$ 0.20
Income from discontinued operations (in usd per share)	0	0
Net income (in usd per share)	0.42	0.20
Net income per common share — Diluted
Income from continuing operations (in usd per share)	0.41	0.20
Income from discontinued operations (in usd per share)	0	0
Net income (in usd per share)	$ 0.42	$ 0.19
Restricted stock units
Effect of dilutive securities
Effect of dilutive securities (in shares)	0.1	0.1
Stock options
Effect of dilutive securities
Effect of dilutive securities (in shares)	0.1	0.1
Performance shares
Effect of dilutive securities
Effect of dilutive securities (in shares)	0.1	0.1

Net Income Per Common Share - A

Net Income Per Common Share - Anti-Dilutive Outstanding Stock Awards Issued Under Share-Based Compensation Plans (Details) - shares shares in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share [Abstract]
Anti-dilutive (in shares)	0.2	0.4

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)	3 Months Ended
	Jan. 31, 2020USD ($)Security	Jan. 31, 2019USD ($)	Oct. 31, 2019USD ($)Security
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from redemption of auction rate security	$ 5,000,000	$ 0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	69,800,000		$ 58,500,000
Insurance deposits	800,000		800,000
Assets held in funded deferred compensation plan	2,500,000		2,500,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facility	864,800,000		808,400,000
Interest rate swap liabilities	14,100,000		14,600,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in auction rate securities	0		5,000,000
Investment in auction rate securities, fair value	0		5,000,000
Auction Rate Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in auction rate securities	$ 5,000,000		$ 5,000,000
Number of auction rate securities | Security	0		1
Investment in auction rate securities, fair value	$ 5,000,000		$ 5,000,000
Proceeds from redemption of auction rate security	5,000,000
Unrealized gain (loss) on auction rate securities	$ 0

Insurance - Narrative (Details)

Insurance - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Schedule of Other Liabilities [Line Items]
Self insurance retention amount per-claim	$ 1
Insurance policy coverage, general and automobile liability losses	200
Insurance policy coverage, property damage	75
Decrease in total reserve claims	6.6
Change in reserves for insurance claims		$ 5
Minimum
Schedule of Other Liabilities [Line Items]
Primary policy limit	1
Maximum
Schedule of Other Liabilities [Line Items]
Primary policy limit	5
Self insurance retention amount per-claim, medical plan	$ 0.5

Insurance - Insurance Related B

Insurance - Insurance Related Balances and Activity (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Liability for Claims and Claims Adjustment Expense [Line Items]
Insurance recoverables	$ 64.5	$ 64.5
Insurance claim reserves, excluding medical and dental
Liability for Claims and Claims Adjustment Expense [Line Items]
Insurance claim reserves	507.2	507.8
Medical and dental claim reserves
Liability for Claims and Claims Adjustment Expense [Line Items]
Insurance claim reserves	$ 6.8	$ 7.2

Insurance - Instruments Used to

Insurance - Instruments Used to Collateralize Insurance Obligations (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Letters Of Credit [Line Items]
Instruments used to collateralize insurance obligations	$ 232.6	$ 232.6
Standby letters of credit
Letters Of Credit [Line Items]
Instruments used to collateralize insurance obligations	144	141
Surety bonds
Letters Of Credit [Line Items]
Instruments used to collateralize insurance obligations	87.8	90.8
Restricted insurance deposits
Letters Of Credit [Line Items]
Instruments used to collateralize insurance obligations	$ 0.8	$ 0.8

Credit Facility - Narrative (De

Credit Facility - Narrative (Details)	Sep. 05, 2018	Sep. 01, 2017USD ($)	Jul. 31, 2021	Jan. 31, 2020	Sep. 01, 2018USD ($)	Aug. 31, 2017USD ($)
Prior Credit Facility | Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity						$ 800,000,000
Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, term		5 years
Weighted average interest rate				3.53%
Deferred financing costs		$ 18,700,000
Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Deferred financing costs		5,200,000
Credit Facility | Term Loan
Line of Credit Facility [Line Items]
Debt instrument, face amount		800,000,000
Deferred financing costs		13,400,000
Credit Facility | Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity		900,000,000
Borrowing capacity after initial year of term					$ 800,000,000
Credit Facility | Standby Letters of Credit
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity		300,000,000
Credit Facility | Swing Line Loan
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity		$ 75,000,000
Credit Facility | Minimum
Line of Credit Facility [Line Items]
Fixed charge coverage ratio				1.50
Credit Facility | Minimum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage on unused portion of the Facility		0.20%
Credit Facility | Maximum
Line of Credit Facility [Line Items]
Leverage ratio				4
Leverage ratio election option for four fiscal quarters in event of material acquisition				3.75
Credit Facility | Maximum | Forecast
Line of Credit Facility [Line Items]
Leverage ratio			3.50
Credit Facility | Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Commitment fee percentage on unused portion of the Facility		0.35%
Credit Facility | Eurodollar
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.25%
Credit Facility | Eurodollar | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.00%
Credit Facility | Eurodollar | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.25%
Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.00%
Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.25%

Credit Facility - Credit Facili

Credit Facility - Credit Facility Information (Details) - USD ($) $ in Millions	Jan. 31, 2020	Oct. 31, 2019
Current portion of long-term debt
Gross term loan	$ 75	$ 60
Unamortized deferred financing costs	(2.7)	(2.8)
Current portion of term loan	72.3	57.2
Long-term debt
Gross term loan	650	680
Unamortized deferred financing costs	(3.5)	(4.1)
Total noncurrent portion of term loan	646.5	675.9
Line of credit	139.8	68.4
Long-term debt	786.3	$ 744.2
Standby letters of credit	153.5
Borrowing capacity	499.9
Borrowing capacity after covenant restrictions	$ 353.2

Credit Facility - Term Loan Mat

Credit Facility - Term Loan Maturities (Details) $ in Millions	3 Months Ended
	Jan. 31, 2020USD ($)
Debt Instrument [Line Items]
Debt instrument, periodic payment, principal	$ 15
Term Loan
Term Loan Maturities
Debt maturities, 2020	45
Debt maturities, 2021	120
Debt maturities, 2022	$ 560

Credit Facility - Interest Rate

Credit Facility - Interest Rate Swaps (Details)	Nov. 01, 2018USD ($)
Interest Rate Swap, Maturity April 30, 2021
Line of Credit Facility [Line Items]
Notional amount	$ 90,000,000
Derivative, fixed interest rate (percent)	2.83%
Interest Rate Swap, Maturity October 31, 2021
Line of Credit Facility [Line Items]
Notional amount	$ 90,000,000
Derivative, fixed interest rate (percent)	2.84%
Interest Rate Swap, Maturity April 30, 2022
Line of Credit Facility [Line Items]
Notional amount	$ 130,000,000
Derivative, fixed interest rate (percent)	2.86%
Interest Rate Swap, Maturity September 1, 2022
Line of Credit Facility [Line Items]
Notional amount	$ 130,000,000
Derivative, fixed interest rate (percent)	2.84%

Credit Facility - Interest Ra_2

Credit Facility - Interest Rate Swaps Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Oct. 31, 2019
Line of Credit Facility [Line Items]
Net gains from cash flow hedges recorded in accumulated other comprehensive loss, net of tax	$ 1.4		$ 2.2
Interest expense	10.2	$ 13.5
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	(0.2)
Accumulated Net Gain (Loss) from Cash Flow Hedges
Line of Credit Facility [Line Items]
Tax related to amounts in accumulated other comprehensive loss	0.9		$ 1.2
Interest expense	1.2	1
Interest expense, tax	$ 0.4	$ 0.4

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details)	Sep. 20, 2018subclass	Jan. 31, 2020USD ($)
Loss Contingencies [Line Items]
Standby letters of credit		$ 153,500,000
Subsidiary ownership interest (in percent)		33.00%
Surety Bonds
Loss Contingencies [Line Items]
Surety bonds		$ 596,300,000
Surety Bond - Future Effective Date
Loss Contingencies [Line Items]
Surety bonds		2,300,000
Energy Savings Contracts
Loss Contingencies [Line Items]
Guarantee obligation		186,000,000
Performance Guarantee | Joint Venture
Loss Contingencies [Line Items]
Total guarantees		41,000,000
Minimum
Loss Contingencies [Line Items]
Amount of reasonably possible loss		0
Maximum
Loss Contingencies [Line Items]
Amount of reasonably possible loss		9,000,000
Bucio
Loss Contingencies [Line Items]
Loss Contingency, Number Of Certified Subclasses | subclass	4
Pending Litigation
Loss Contingencies [Line Items]
Loss contingency amount accrued for probable losses		$ 7,000,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate (percent)	23.60%	26.40%
Income tax provision	$ (8.6)	$ (4.7)

Segment Information - Financial

Segment Information - Financial Information by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Revenues
Revenues	$ 1,612.9	$ 1,607.9
Operating profit (loss)
Operating profit (loss)	45.8	30.3
Income from unconsolidated affiliates	0.9	0.9
Interest expense	(10.2)	(13.5)
Income from continuing operations before income taxes	36.5	17.8
Operating Segments
Revenues
Revenues	1,643.6	1,642.3
Elimination of inter-segment revenues
Revenues
Revenues	(30.6)	(34.4)
Corporate
Operating profit (loss)
Operating profit (loss)	(33.3)	(44.7)
Segment Reconciling Items
Operating profit (loss)
Income from unconsolidated affiliates	(0.9)	(0.9)
Business & Industry | Operating Segments
Revenues
Revenues	820.9	828.8
Operating profit (loss)
Operating profit (loss)	38.2	36.8
Aviation | Operating Segments
Revenues
Revenues	238.7	252.4
Operating profit (loss)
Operating profit (loss)	5.6	3.9
Technology & Manufacturing | Operating Segments
Revenues
Revenues	233.9	236.1
Operating profit (loss)
Operating profit (loss)	16.7	18.2
Education | Operating Segments
Revenues
Revenues	208	208.9
Operating profit (loss)
Operating profit (loss)	11.2	10.3
Technical Solutions | Operating Segments
Revenues
Revenues	142	116.1
Operating profit (loss)
Operating profit (loss)	$ 8.3	$ 6.8

Uncategorized Items - abm-20200

Label	Element	Value
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 6,500,000