Joy Global 10-Q 4 Sep 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2015	Aug. 28, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	JOY GLOBAL INC
Entity Central Index Key	801,898
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		97,474,578

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Income Statement [Abstract]
Net sales	$ 792,183	$ 875,661	$ 2,306,579	$ 2,644,703
Cost of sales	574,838	623,729	1,674,987	1,879,499
Product development, selling and administrative expenses	145,215	137,259	444,571	444,822
Other income	(1,234)	(4,618)	(5,347)	(9,896)
Operating income	73,364	119,291	192,368	330,278
Interest income	2,543	1,707	8,463	6,583
Interest expense	(16,219)	(16,604)	(48,368)	(49,148)
Income before income taxes	59,688	104,394	152,463	287,713
Provision for income taxes	14,803	33,105	45,271	93,612
Net income	$ 44,885	$ 71,289	$ 107,192	$ 194,101
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.71	$ 1.10	$ 1.93
Diluted earnings per share (in dollars per share)	0.46	0.71	1.09	1.91
Dividends per share (in dollars per share)	$ 0.2	$ 0.2	$ 0.6	$ 0.55
Weighted average shares outstanding:
Basic (in shares)	97,480	99,856	97,481	100,666
Diluted (in shares)	98,033	100,738	98,052	101,536

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 44,885	$ 71,289	$ 107,192	$ 194,101
Other comprehensive income (loss):
Change in unrecognized pension and other postretirement obligations, net of taxes (benefits)	6,007	(10,176)	17,700	(2,641)
Derivative instrument fair market value adjustment, net of taxes (benefits)	3,137	425	6,736	139
Foreign currency translation adjustment on long-term intercompany foreign loans	2,332	68	(1,414)	(7,862)
Other foreign currency translation adjustment	(42,498)	20,077	(140,781)	3,535
Total other comprehensive (loss) income, net of taxes	(31,022)	10,394	(117,759)	(6,829)
Comprehensive income	$ 13,863	$ 81,683	$ (10,567)	$ 187,272

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2015	Aug. 01, 2014
Statement of Comprehensive Income [Abstract]
Change in unrecognized pension and other postretirement obligations, (taxes) benefits	$ (2,108)	$ 6,516
Derivative instrument fair market value adjustment, (taxes) benefits	$ (1,312)	$ (165)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 30, 2015	Oct. 31, 2014	Aug. 01, 2014	Jan. 31, 2014	Oct. 25, 2013
Current assets:
Cash and cash equivalents	$ 140,900		$ 270,191	$ 308,042		$ 405,709
Accounts receivable, net	829,536		1,059,709
Inventories	1,184,342		1,108,308
Other current assets	177,219		180,151
Total current assets	2,331,997		2,618,359
Property, plant and equipment, net	875,150		892,440
Other assets:
Other intangible assets, net	332,469		319,269
Goodwill	1,554,177		1,516,693
Deferred income taxes	74,532		70,181
Other non-current assets	163,804		180,044
Total other assets	2,124,982		2,086,187
Total assets	5,332,129		5,596,986
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,171		11,739
Trade accounts payable	330,838		395,945
Employee compensation and benefits	82,901		136,911
Advance payments and progress billings	297,722		285,939
Accrued warranties	56,802	$ 58,194	67,272	$ 63,685	$ 73,602	$ 85,732
Other accrued liabilities	212,440		265,600
Current liabilities of discontinued operations	11,582		11,582
Total current liabilities	1,006,456		1,174,988
Long-term obligations	1,256,032		1,269,541
Other liabilities:
Liabilities for postretirement benefits	18,721		19,609
Accrued pension costs	135,280		144,379
Other non-current liabilities	171,373		147,472
Total other liabilities	325,374		311,460
Shareholders’ equity	2,744,267		2,840,997
Total liabilities and shareholders’ equity	$ 5,332,129		$ 5,596,986

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014
Operating Activities:
Net income	$ 107,192	$ 194,101
Adjustments to continuing operations:
Depreciation and amortization	102,914	98,725
Changes in deferred income taxes	7,463	(5,864)
Contributions to defined benefit employee pension plans	(12,106)	(5,760)
Defined benefit employee pension plan expense	15,786	13,575
Share-based compensation expense	23,846	11,204
Changes in long-term receivables	11,335	(2,650)
Other adjustments to continuing operations, net	697	(5,556)
Changes in working capital items attributed to continuing operations:
Accounts receivable, net	198,081	214,448
Inventories	(120,377)	(84,439)
Other current assets	(17,265)	12,324
Trade accounts payable	(60,936)	(29,442)
Employee compensation and benefits	(55,106)	(15,291)
Advance payments and progress billings	35,462	(3,352)
Accrued warranties	(9,800)	(21,579)
Other accrued liabilities	(58,472)	(72,123)
Net cash provided by operating activities of continuing operations	168,714	298,321
Net cash used by operating activities of discontinued operations	0	(103)
Net cash provided by operating activities	168,714	298,218
Investing Activities:
Acquisition of businesses, net of cash acquired	(114,353)	(47,058)
Property, plant and equipment acquired	(57,821)	(69,068)
Proceeds from sale of property, plant and equipment	4,071	8,882
Other investing activities, net	625	(89)
Net cash used by investing activities	(167,478)	(107,333)
Financing Activities:
Common stock issued	2,853	10,189
Dividends paid	(58,456)	(55,334)
Repayments of term loan	0	(37,500)
Repayments of short term debt	(11,545)
Treasury stock purchased	(50,000)	(194,336)
Other financing activities, net	261	(10,319)
Net cash used by financing activities	(116,887)	(287,300)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	13,640	1,252
Decrease in Cash and Cash Equivalents	(129,291)	(97,667)
Cash and Cash Equivalents at Beginning of Period	270,191	405,709
Cash and Cash Equivalents at End of Period	$ 140,900	$ 308,042

Description of Business

Description of Business	9 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Joy Global Inc. (the "Company," "we" and "us") is a leading manufacturer and servicer of high productivity mining equipment for the extraction of metals and minerals. We manufacture and market original equipment and parts and perform services for both underground and surface mining, as well as certain industrial applications. Our equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. We operate in two business segments: Underground Mining Machinery ("Underground") and Surface Mining Equipment ("Surface"). We are a major manufacturer of underground mining machinery for the extraction and haulage of coal and other bedded minerals. We are also a major producer of surface mining equipment for the extraction and haulage of copper, coal and other minerals and ores. We offer comprehensive direct service, which includes our smart service offerings, near major mining regions worldwide and provide extensive operational support for many types of equipment used in mining. Our principal manufacturing facilities are located in the United States, including facilities in Alabama, Pennsylvania, Texas and Wisconsin, and internationally, including facilities in Australia, Canada, China, South Africa, the United Kingdom and France.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 31, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements presented in this Quarterly Report on Form 10-Q are unaudited and are presented in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to SEC rules and regulations. In our opinion, all adjustments necessary for the fair presentation on a going concern basis of the results of operations, cash flows and financial position for all periods presented have been made. All such adjustments made are of a normal recurring nature. The preparation of the financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Ultimate realization of assets and settlement of liabilities in the future could differ from those estimates. These financial statements should be read in conjunction with the financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2014 . The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

Acquisitions

Acquisitions	9 Months Ended
	Jul. 31, 2015
Acquisitions [Abstract]
Acquisitions	Acquisitions Acquisition of Mining Technologies International Inc. On May 30, 2014 , we closed on the purchase of certain assets of Mining Technologies International Inc. ("MTI") for $ 44.4 million dollars. MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. We acquired substantially all of the assets associated with MTI’s hard rock drilling, loaders, dump trucks, shaft sinking and raise bore product lines. MTI's results of operations have been included in the accompanying financial statements as part of the Underground segment from the acquisition date forward. In connection with the acquisition, we recorded goodwill of approximately $0.3 million and intangible assets of approximately $9.9 million . The intangible assets are primarily comprised of customer relationships and designs and drawings, which are being amortized over their respective estimated useful lives. Acquisition of Montabert S.A.S. On June 1, 2015 , we completed the acquisition of 100% of the equity of Montabert S.A.S. ("Montabert") for approximately $ 121.5 million dollars, gross of cash acquired of $ 7.1 million dollars and subject to a working capital adjustment. Montabert specializes in the design, production and distribution of high quality hydraulic rock breakers, pneumatic equipment, drilling attachments, drifters and related parts and tools. This acquisition expands the Company's product and service capabilities for hard rock mining, tunneling and rock excavation, further diversifying our commodity and end market exposures. Montabert's results of operations will be included as part of the Underground segment from the date of the acquisition forward. In connection with the acquisition, we preliminarily recorded goodwill of approximately $ 55.7 million and intangible assets of approximately $ 35.1 million . The intangible assets are primarily comprised of customer relationships, trade names and patents, which are being amortized over their respective estimated useful lives. Other assets acquired consist of working capital related items and property, plant, and equipment, with values that are not individually significant. The accounting for the purchase price is preliminary and subject to change, as we are in the process of obtaining third party valuations of assets acquired.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Consolidated inventories consist of the following: In thousands July 31, October 31, Finished goods 886,939 $ 835,227 Work in process 225,537 203,805 Raw materials 71,866 69,276 Total inventories $ 1,184,342 $ 1,108,308 Finished goods include finished components and parts in addition to any finished equipment.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets (Notes)	9 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Other Intangible Assets Finite-lived intangible assets are amortized to reflect the pattern of economic benefits consumed, which is principally the straight-line method. Intangible assets that are subject to amortization are evaluated for potential impairment whenever events or circumstances indicate that the carrying amount may not be recoverable. No impairment was identified related to our finite-lived intangible assets as of July 31, 2015. Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is assigned to specific reporting units, and is tested for impairment at least annually, during the fourth quarter of our fiscal year, or more frequently upon the occurrence of an event or when circumstances indicate that a reporting unit’s carrying amount is greater than its fair value. Due to the prolonged suppressed global commodity markets, its related effect on the global mining investment environment and the resulting impact on our stock price, our total shareholders’ equity exceeded our market capitalization during the latter part of the quarter ended July 31, 2015, indicating the possibility of an impairment to goodwill. Based on this indicator of impairment, we performed an interim test for impairment of goodwill as of the last day of our fiscal third quarter. We have concluded our step one evaluation on our reporting units. After completing this analysis, we determined that the estimated fair value of our Underground reporting unit was lower than the carrying value of the reporting unit. Given the timing of the decline in our market capitalization, we have not completed step two of the goodwill impairment test for this reporting unit, which will determine the amount of impairment loss, if any, for our Underground reporting unit. Step two of the impairment test requires we perform a theoretical purchase price allocation for the Underground reporting unit to determine the implied fair value of goodwill to the recorded amount of goodwill. We have engaged a third party valuation firm to assist in this process. We are unable to provide a reasonable estimate or a range of estimates for the potential non-cash impairment charge at this time. We will complete the analysis during the fourth quarter.

Warranties

Warranties	9 Months Ended
	Jul. 31, 2015
Product Warranties Disclosures [Abstract]
Warranties	Warranties We provide for the estimated costs that may be incurred under product warranties to remedy deficiencies of quality or performance of our products. Warranty costs are accrued at the time revenue is recognized. These product warranties extend over either a specified period of time, units of production or machine hours depending on the product subject to the warranty. We accrue a provision for estimated future warranty costs based on the historical relationship of warranty costs to sales. We periodically review the adequacy of the accrual for product warranties and adjust the warranty percentage and accrued warranty reserve for actual experience as necessary. The following table reconciles the changes in the product warranty reserve: Quarter Ended Nine Months Ended In thousands July 31, August 1, July 31, August 1, Balance, beginning of period $ 58,194 $ 73,602 $ 67,272 $ 85,732 Accrual for warranty expensed during the period 7,701 7,138 26,554 23,801 Settlements made during the period (9,933 ) (17,357 ) (36,320 ) (46,533 ) Effect of foreign currency translation (359 ) 56 (1,903 ) 439 Acquired warranty accrual $ 1,199 $ 246 1,199 $ 246 Balance, end of period $ 56,802 $ 63,685 $ 56,802 $ 63,685

Borrowings and Credit Facilitie

Borrowings and Credit Facilities	9 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Borrowings and Credit Facilities	Borrowings and Credit Facilities On July 29, 2014, we entered into a $1.0 billion unsecured revolving credit facility that matures on July 29, 2019 (as amended, the "Credit Agreement"). Under the Credit Agreement, we also may request an increase of up to $250.0 million of additional aggregate revolving commitments, subject to the terms and conditions contained in the Credit Agreement. The Credit Agreement simultaneously replaced the $1.0 billion revolving credit agreement dated as of October 12, 2012 (the "Prior Credit Agreement"), that was scheduled to expire on November 12, 2017. Under the terms of the Credit Agreement, we pay a commitment fee ranging from 0.09% to 0.30% on the unused portion of the revolving credit facility based on our credit rating. Letters of credit issued under applicable provisions of the Credit Agreement represent an unfunded utilization of the Credit Agreement for purposes of calculating the periodic commitment fee due. Eurodollar rate loans bear interest for a period from the applicable borrowing date until a date one week or one , two , three or six months thereafter, as selected by the Company, at the corresponding Eurodollar rate plus a margin of 1.0% to 2.0% depending on the Company's credit rating. Base rate loans bear interest from the applicable borrowing date at a rate equal to (i) the highest of (a) the federal funds rate plus 0.5% , (b) the rate of interest in effect for such day as publicly announced by the administrative agent as its "prime rate," or (c) a daily rate equal to the one-month Eurodollar rate plus 1.0% , plus (ii) a margin that varies according to the Company's credit rating. Swing line loans bear interest at either the base rate described above or the daily floating Eurodollar rate plus the applicable margin, as selected by the Company. The Credit Agreement is guaranteed by each of our current and future material domestic subsidiaries and requires the maintenance of certain financial covenants, including leverage and interest coverage ratios. The Credit Agreement also restricts payment of dividends or other returns of capital to shareholders if we are not in compliance with the financial covenants in the agreement. As of July 31, 2015 , we were in compliance with all financial covenants of the Credit Agreement and had no restrictions on the payment of dividends or other returns of capital to shareholders. As of July 31, 2015 , there were no direct borrowings under the Credit Agreement. Total interest expense recognized for direct borrowings under the Credit Agreement for the quarters July 31, 2015 and August 1, 2014 is $0.4 million and $0.1 million , respectively. For the nine months ended July 31, 2015 and August 1, 2014 , total interest expense recognized for direct borrowings under the Credit Agreement was $ 0.9 million and $ 0.1 million , respectively. Outstanding standby letters of credit issued under the Credit Agreement, which count toward the $1.0 billion credit limit, totaled $143.2 million . As of July 31, 2015 , there was $856.8 million available for borrowings under the Credit Agreement. On July 29, 2014, we also entered into a term loan agreement which matures July 29, 2019 and provides for a commitment of up to $375.0 million (as amended, the "Term Loan"). The Term Loan replaced our prior term loan, dated as of June 16, 2011 (the "Prior Term Loan"). The Prior Term Loan had been scheduled to mature on July 16, 2016 and provided an initial commitment of $500.0 million , which had been drawn in full in conjunction with our fiscal 2011 acquisition of LeTourneau Technologies, Inc. and had been amortized to $375.0 million at the date that we entered into the Term Loan. We utilized the $375.0 million commitment under the Term Loan to repay the balance outstanding under the Prior Term Loan. The Term Loan requires quarterly principal payments beginning in fiscal 2016 and contains terms and conditions that are the same as the terms and conditions of the Credit Agreement. The Term Loan is guaranteed by each of our current and future material domestic subsidiaries and requires the maintenance of certain financial covenants, including leverage and interest coverage ratios. As of July 31, 2015 , we were in compliance with all financial covenants of the Term Loan. On October 12, 2011, we issued $500.0 million aggregate principal amount of 5.125% Senior Notes due in 2021 (the "2021 Notes") at a discount of $4.2 million in an offering that was registered under the Securities Act. Interest on the 2021 Notes is paid semi-annually in arrears on October 15 and April 15 of each year, and the 2021 Notes are guaranteed by each of our current and future material domestic subsidiaries. At our option, we may redeem some or all of the 2021 Notes at a redemption price of the greater of 100% of the principal amount of the 2021 Notes to be redeemed or the sum of the present values of the principal amounts and the remaining scheduled interest payments using a discount rate equal to the sum of a treasury rate of a comparable treasury issue plus 0.5% . In November 2006, we issued $250.0 million aggregate principal amount of 6.0% Senior Notes due 2016 and $150.0 million aggregate principal amount of 6.625% Senior Notes due 2036 (the "2016 Notes" and "2036 Notes," respectively). Interest on the 2016 Notes and 2036 Notes is paid semi-annually in arrears on May 15 and November 15 of each year, and the 2016 Notes and 2036 Notes are guaranteed by each of our current and future material domestic subsidiaries. The 2016 Notes and 2036 Notes were issued in a private placement under an exemption from registration provided by the Securities Act. In the second quarter of fiscal 2007, the 2016 Notes and 2036 Notes were exchanged for substantially identical notes in an exchange that was registered under the Securities Act. At our option, we may redeem some or all of the 2016 Notes and 2036 Notes at a redemption price of the greater of 100% of the principal amount of the 2016 Notes and 2036 Notes to be redeemed or the sum of the present values of the principal amounts and the remaining scheduled interest payments using a discount rate equal to the sum of a treasury rate of a comparable treasury issue plus 0.3% for the 2016 Notes and 0.375% for the 2036 Notes. Direct borrowings and capital lease obligations consist of the following: In thousands July 31, October 31, Domestic: Term Loan due 2019 375,000 375,000 6.0% Senior Notes due 2016 249,446 249,131 5.125% Senior Notes due 2021 497,097 496,806 6.625% Senior Notes due 2036 148,545 148,522 Other borrowings — 11,634 Foreign: Capital leases 115 187 Total obligations 1,270,203 1,281,280 Less: Amounts due within one year (14,171 ) (11,739 ) Long-term obligations $ 1,256,032 $ 1,269,541

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Jul. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive Income (Loss) Comprehensive income (loss) and its components are presented in the Condensed Consolidated Statements of Comprehensive Income (Loss). Changes in accumulated other comprehensive income (loss), net of taxes, consist of the following: Quarter ended July 31, 2015 Quarter ended August 1, 2014 Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Beginning balance $ (517,623 ) $ 8,335 $ (112,731 ) $ (622,019 ) $ (532,587 ) $ 4,742 $ 2,988 $ (524,857 ) Other comprehensive (loss) income before reclassifications, net of taxes (25 ) 1,979 (40,166 ) (38,212 ) (15,202 ) 262 20,145 5,205 Amounts reclassified from accumulated other comprehensive income, net of taxes 6,032 1,158 — 7,190 5,026 163 — 5,189 Total other comprehensive income (loss), net of taxes 6,007 3,137 (40,166 ) (31,022 ) (10,176 ) 425 20,145 10,394 Ending balance $ (511,616 ) $ 11,472 $ (152,897 ) $ (653,041 ) $ (542,763 ) $ 5,167 $ 23,133 $ (514,463 ) Nine months ended July 31, 2015 Nine months ended August 1, 2014 Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Beginning balance $ (529,316 ) $ 4,736 $ (10,702 ) $ (535,282 ) $ (540,122 ) $ 5,028 $ 27,460 $ (507,634 ) Other comprehensive (loss) income before reclassifications, net of taxes (7,152 ) 4,192 (142,195 ) (145,155 ) (15,202 ) 3,555 (4,327 ) (15,974 ) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes 24,852 2,544 — 27,396 12,561 (3,416 ) — 9,145 Total other comprehensive income (loss), net of taxes 17,700 6,736 (142,195 ) (117,759 ) (2,641 ) 139 (4,327 ) (6,829 ) Ending balance $ (511,616 ) $ 11,472 $ (152,897 ) $ (653,041 ) $ (542,763 ) $ 5,167 $ 23,133 $ (514,463 ) Details of the reclassifications from accumulated other comprehensive income (loss) are disclosed below: Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Quarter Ended Nine Months Ended Affected Line Items in the Statements of Income July 31, August 1, July 31, August 1, Change in unrecognized pension and other postretirement obligations: Amortization of prior service cost $ 50 $ 181 $ 151 $ 539 Cost of sales/Product development, selling and administrative expense* Amortization of net actuarial gain 5,767 5,544 17,905 15,951 Cost of sales/Product development, selling and administrative expense* Curtailment loss attributable to unrecognized prior negotiated enhancements — 1,582 — 1,582 Cost of sales/Product development, selling and administrative expense* Settlement loss related to UK plan 2,323 — 15,229 — Administrative expense Deferred tax (2,108 ) (2,281 ) (8,433 ) (5,511 ) Provision for income taxes Amounts reclassified from accumulated other comprehensive income, net of taxes $ 6,032 $ 5,026 $ 24,852 $ 12,561 Derivative instrument fair market value adjustment: Foreign exchange cash flow hedges $ 1,642 $ 227 $ 3,606 $ (4,805 ) Net sales/Cost of sales** Deferred tax (484 ) (64 ) (1,062 ) 1,389 Provision for income taxes Amounts reclassified from accumulated other comprehensive income (loss), net of taxes $ 1,158 $ 163 $ 2,544 $ (3,416 ) Total reclassifications for the period $ 7,190 $ 5,189 $ 27,396 $ 9,145 * Amounts are included in the computation of net periodic benefits costs as either cost of sales or product development, selling and administrative expense as appropriate. Refer to Footnote 12, Retiree Benefits, for additional information. ** Amounts are included in either net sales or cost of sales as appropriate. Refer to Footnote 13, Derivatives, for additional information.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity In August 2013, our Board of Directors authorized the Company to repurchase up to $1.0 billion in shares of our common stock until August 2016. Under the program, the Company may repurchase shares in the open market in accordance with applicable SEC rules and regulations. During the quarter ended July 31, 2015 , we did not repurchase any shares of common stock. During the quarter ended August 1, 2014 , we purchased 1,091,602 shares of common stock for approximately $64.8 million . During the nine months ended July 31, 2015 , we purchased 954,580 shares of common stock for approximately $50.0 million , all purchases of which occurred in the first quarter. During the nine months ended August 1, 2014 , we purchased 3,488,312 shares of common stock for approximately $194.3 million . Since its inception, the Company has repurchased 9,771,605 shares of common stock under the program for approximately $533.4 million , leaving $466.6 million available under the program.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation Total share-based compensation expense (income) recognized for the quarters ended July 31, 2015 and August 1, 2014 is $ 7.9 million and $ (2.0) million , respectively. Total share-based compensation expense recognized for the nine months ended July 31, 2015 and August 1, 2014 was $23.8 million and $11.2 million , respectively. Income from share based compensation for the quarter ended August 1, 2014 was the result of the adjustment of forfeiture rates and the reassessment of performance related measures at that time. The total share-based compensation expense is reflected in our Condensed Consolidated Statements of Cash Flows in operating activities as an add back to net income . The corresponding deferred taxes recognized related to the share-based compensation is an asset of $2.1 million and a liability of $ 0.1 million for the quarters ended July 31, 2015 and August 1, 2014 , respectively. The corresponding deferred tax asset recognized related to the share-based compensation expense was $6.2 million and $3.0 million for the nine months ended July 31, 2015 and August 1, 2014 , respectively.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Jul. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During fiscal 2015, in response to the adverse market conditions, the Company made decisions to further implement its cost reduction programs. 2015 programs as used herein refer to costs related to all 2015 restructuring activities. This includes entering into severance and termination agreements and full or partial closures of certain facilities in order to better align the Company's overall cost structure with anticipated levels of future demand. These activities are expected to be mostly completed by the end of fiscal 2015. The Company incurred some immaterial restructuring costs in fiscal 2014. These costs related to decisions that preceded the fiscal 2015 restructuring plan and are therefore not considered to be part of such plan. Restructuring charges incurred to date in fiscal 2015 have consisted of employee severance and termination costs. The following table summarizes the total expected costs and the amounts incurred by segment: In thousands Underground Surface Corporate Consolidated Employee Severance and Termination Costs Total expected costs $ 12,312 $ 6,986 $ 252 $ 19,550 Amount incurred for the quarter ended July 31, 2015 $ 6,896 $ 879 $ — $ 7,775 Amount incurred for the nine months ended July 31, 2015 $ 12,312 $ 6,986 $ 252 $ 19,550 All restructuring costs are recorded in the income statement under the heading Product development, selling and administrative expense . Amounts impacting the Company's reserve for restructuring charges are as follows: In thousands Quarter Ended July 31, 2015 Nine Months Ended July 31, 2015 Employee Severance and Termination Costs Employee Severance and Termination Costs Beginning accrual $ 9,328 $ — Costs incurred 7,775 19,550 Costs paid/settled (7,963 ) (10,528 ) Effect of foreign currency translation (118 ) — Ending accrual $ 9,022 $ 9,022 The Company expects to incur additional restructuring costs under its 2015 programs, outside of employee severance and termination costs, in the fourth quarter of fiscal 2015 and in future quarters of approximately $ 9.4 million related to actions taken to date in the fiscal year. Such costs primarily relate to property, plant, and equipment related charges, of which an estimated $ 6.3 million relates to accelerated depreciation of equipment. Charges in the fourth quarter of fiscal 2015 are expected to be $ 2.3 million for these items. Additionally, subsequent to the end of the quarter, the Company undertook further actions related to its 2015 programs and expects to incur approximately $ 4.0 million of additional employee severance and termination costs in our fiscal fourth quarter as a result of such activities. For the 2015 fiscal year, total restructuring charges under 2015 programs are anticipated to be between $30.0 million and $40.0 million , with $10.0 million to $20.0 million of such costs anticipated in the fourth quarter. These ranges include expected costs for activities not yet implemented. Total expected cash costs related to the 2015 programs are estimated to be approximately $ 24.0 million million for employee severance and termination costs, with the remaining expected charges consisting primarily of non-cash property, plant, and equipment items. We expect to achieve savings in future periods to offset these costs.

Retiree Benefits

Retiree Benefits	9 Months Ended
	Jul. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Retiree Benefits	Retiree Benefits The components of the net periodic benefit cost associated with our pension and other postretirement plans are as follows: Pension Benefits Postretirement Benefits Quarter Ended Quarter Ended In thousands July 31, August 1, July 31, August 1, Service cost $ 1,036 $ 1,634 $ 204 $ 195 Interest cost 18,344 22,511 291 315 Expected return on assets (25,108 ) (27,348 ) (156 ) (121 ) Amortization of: Prior service cost 17 148 33 33 Actuarial loss (gain) 5,973 5,703 (206 ) (159 ) Curtailment charge — 7,838 — — Settlement charge 2,323 — — — Net periodic benefit cost $ 2,585 $ 10,486 $ 166 $ 263 Pension Benefits Postretirement Benefits Nine Months Ended Nine Months Ended In thousands July 31, August 1, July 31, August 1, Service cost $ 2,989 $ 4,672 $ 613 $ 714 Interest cost 57,690 63,810 872 959 Expected return on assets (78,698 ) (79,747 ) (468 ) (415 ) Amortization of: Prior service cost 52 440 99 99 Actuarial loss (gain) 18,524 16,562 (619 ) (611 ) Curtailment charge — 7,838 — — Settlement charge 15,229 — — — Net periodic benefit cost $ 15,786 $ 13,575 $ 497 $ 746 The actuarial loss (gain) arises from differences in estimates and actual experiences for certain assumptions, including changes in the discount rate and expected return on assets. For the nine months ended July 31, 2015 , we contributed $12.1 million to our defined benefit employee pension plans, and we expect contributions to be less than $15.0 million for the full fiscal year. In conjunction with a UK law change, we recorded non-cash pension settlement charges of $2.3 million and $ 15.2 million for the quarter and nine months ended July 31, 2015 , respectively, as a result of the decision of certain individuals to transfer their pension benefit out of the Company's defined benefit pension plan to a defined contribution plan. For the quarter and nine months ended August 1, 2014 , a $ 7.8 million non-cash pension curtailment charge was recorded in conjunction with the substantial completion of negotiations with certain of our U.S. bargaining units, resulting in the freezing of their respective defined benefit plans at the end of the 2014 calendar year.

Derivatives

Derivatives	9 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives We are exposed to certain foreign currency risks in the normal course of our global business operations. We enter into derivative contracts that are foreign currency forward contracts to hedge the risks of certain identified and anticipated transactions in currencies other than the functional currency of the respective operating unit. The types of risks hedged are those arising from the variability of future earnings and cash flows caused by fluctuations in foreign currency exchange rates. These contracts are for forecasted transactions and committed receivables and payables denominated in foreign currencies and are not entered into for speculative purposes. Consequently, any market-related losses on the forward contract would be offset by changes in the value of the hedged item, and, as a result, we are generally not exposed to net market risk associated with these instruments. Each derivative is classified as either a cash flow hedge, a fair value hedge or an undesignated instrument. All derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets under the heading Other current assets or under the heading Other accrued liabilities, as appropriate. Cash flows from fair value and cash flow hedges are classified within the same category as the item being hedged on the Condensed Consolidated Statements of Cash Flows. Cash flows from undesignated derivative instruments are included in operating activities on the Condensed Consolidated Statements of Cash Flows. For derivative contracts that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss of the derivative contract is recorded as a component of other comprehensive income, net of tax. This amount is reclassified into the income statement on the line associated with the underlying transaction for the periods in which the hedged transaction affects earnings. The amounts recorded in accumulated other comprehensive income for existing cash flow hedges are generally expected to be reclassified into earnings within one year, and all of the existing hedges will be reclassified into earnings by October 2017 . Ineffectiveness related to these derivative contracts was recorded in the Condensed Consolidated Statements of Income as a loss of $0.1 million for the quarter ended July 31, 2015 . There was no ineffectiveness related to these contracts for the quarter ended August 1, 2014 . Ineffectiveness related to these derivative contracts was also recorded in the Condensed Consolidated Statements of Income as a loss of $0.1 million and a gain of less than $0.1 million for the nine months ended July 31, 2015 and August 1, 2014 , respectively. For derivative contracts that are designated and qualify as a fair value hedge, the gain or loss is recorded in the Condensed Consolidated Statements of Income under the heading Cost of sales . For the quarters ended July 31, 2015 and August 1, 2014 , we recorded gain s of $1.4 million and $0.1 million , respectively, related to fair value hedges, which were offset by foreign exchange fluctuations of the underlying hedged item. For the nine months ended July 31, 2015 and August 1, 2014 , we recorded a gain of $0.8 million and a loss of $0.7 million , respectively, related to fair value hedges, which were offset by foreign exchange fluctuations of the underlying hedged item. For derivative contracts entered into in order to hedge revaluation of net balance sheet exposures in non-functional currency that are not designated as a fair value hedge or a cash flow hedge, the gain or loss is recorded in the Condensed Consolidated Statements of Income under the heading Cost of sales . For the quarters ended July 31, 2015 and August 1, 2014 , we recorded gain s of $9.8 million and $0.1 million , respectively, related to undesignated hedges, which were offset by foreign exchange fluctuations. For the nine months ended July 31, 2015 and August 1, 2014 , we recorded gain s of $17.8 million and $2.7 million , respectively, related to undesignated hedges, which were offset by foreign exchange fluctuations. The following table summarizes the effect of cash flow hedges on the Condensed Consolidated Financial Statements: In thousands Effective Portion Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) Gain Reclassified from Accumulated Other Comprehensive Income into Earnings Derivative Hedging Relationship Location Amount Foreign currency forward contracts Quarter ended July 31, 2015 $ 2,807 Cost of sales $ (1,642 ) Sales — Nine months ended July 31, 2015 $ 5,911 Cost of sales $ (3,606 ) Sales — Quarter ended August 1, 2014 $ 363 Cost of sales $ (267 ) Sales 40 Nine months ended August 1, 2014 $ 5,007 Cost of sales $ 4,586 Sales 219 We are exposed to credit risk in the event of nonperformance by counterparties to the forward contracts. The terms of the forward contract determine the amount and timing of amounts to be exchanged, and the contract is generally subject to credit risk only when it has a positive fair value.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding during each period. Diluted earnings per share is computed similar to basic earnings per share, except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options, performance shares and restricted stock units, if dilutive. The following table sets forth the computation of basic and diluted earnings per share: Quarter Ended Nine Months Ended In thousands, except per share amounts July 31, August 1, July 31, August 1, Numerator: Net income $ 44,885 $ 71,289 $ 107,192 $ 194,101 Denominator: Weighted average shares outstanding 97,480 99,856 97,481 100,666 Dilutive effect of stock options, performance shares and restricted stock units 553 882 571 870 Weighted average shares outstanding assuming dilution 98,033 100,738 98,052 101,536 Basic earnings per share $ 0.46 $ 0.71 $ 1.10 $ 1.93 Diluted earnings per share $ 0.46 $ 0.71 $ 1.09 $ 1.91 Options to purchase a weighted average of 2.7 million and 1.7 million shares were excluded from the calculations of diluted earnings per share for the quarters ended July 31, 2015 and August 1, 2014 , respectively, as the effect would have been antidilutive. Options to purchase a weighted average of 2.6 million and 1.8 million shares were excluded from the calculations of diluted earnings per share for the nine months ended July 31, 2015 and August 1, 2014 , respectively, as the effect would have been antidilutive.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements GAAP establishes a three level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows: Level 1: Quoted prices in active markets for identical instruments; Level 2: Inputs, other than quoted prices in active markets, that are observable for the instrument either directly or indirectly or quoted prices for similar instruments in active markets; and Level 3: Unobservable inputs for the instrument where there is little or no market data, which requires the reporting entity to develop its own assumptions. GAAP requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value and disclose the fair value of long-term obligations recorded at cost as of July 31, 2015 and October 31, 2014 . As of July 31, 2015 and October 31, 2014 , we did not have any Level 3 assets or liabilities. Fair Value Measurements as of July 31, 2015 In thousands Carrying Value Total Fair Value Level 1 Level 2 Current Assets Cash equivalents $ 5,141 $ 5,141 $ 5,141 $ — Other Current Assets Derivatives $ 16,246 $ 16,246 $ — $ 16,246 Other Accrued Liabilities Derivatives $ 7,546 $ 7,546 $ — $ 7,546 Long-term Obligations Including Amounts due within One Year Term Loan due 2019 $ 375,000 $ 375,098 $ — $ 375,098 6.0% Senior Notes due 2016 $ 249,446 $ 263,440 $ — $ 263,440 5.125% Senior Notes due 2021 $ 497,097 $ 514,570 $ — $ 514,570 6.625% Senior Notes due 2036 $ 148,545 $ 159,760 $ — $ 159,760 Fair Value Measurements as of October 31, 2014 In thousands Carrying Value Total Fair Value Level 1 Level 2 Current Assets Cash equivalents $ 20,776 $ 20,776 $ 20,776 $ — Other Current Assets Derivatives $ 2,820 $ 2,820 $ — $ 2,820 Other Accrued Liabilities Derivatives $ 7,294 $ 7,294 $ — $ 7,294 Long-term Obligations Including Amounts due within One Year Term Loan due 2019 $ 375,000 $ 379,108 $ — $ 379,108 6.0% Senior Notes due 2016 $ 249,131 $ 272,025 $ — $ 272,025 5.125% Senior Notes due 2021 $ 496,806 $ 547,000 $ — $ 547,000 6.625% Senior Notes due 2036 $ 148,522 $ 181,095 $ — $ 181,095 The following methods and assumptions were used to estimate the fair value of each class of financial instruments: Cash equivalents : The carrying value of cash equivalents approximates fair value based on the short-term nature of these instruments. Derivatives : The fair value of forward foreign exchange contracts is based on a valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate. Term Loan : The fair value of the Term Loan is estimated using discounted cash flows and market conditions. Senior Notes : The fair market value of the senior notes is estimated based on market quotations of similar instruments at the respective period end.

Contingent Liabilities

Contingent Liabilities	9 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	Contingent Liabilities We establish reserves based on our assessment of contingencies related to legal claims asserted against us, as required by GAAP. Developments during the course of legal proceedings may affect our assessments and estimates of our contingencies, which in turn may require us to record or change the amount of a reserve, or make a payment that is different than the amount that we have reserved. In addition, as a normal part of operations, our subsidiaries undertake contractual obligations, warranties and guarantees in connection with the sale of products or services. Although the outcome of these matters cannot be predicted with certainty and favorable or unfavorable resolutions may affect the results of operations on a quarter-to-quarter basis, we believe that the outcome of such legal and other matters will not have a materially adverse effect on our future consolidated financial position, results of operations or liquidity. We and our subsidiaries are involved in various unresolved legal matters that arise in the normal course of operations, the most prevalent of which relate to product liability (including approximately 3,400 asbestos and silica-related cases), employment and commercial matters. We and our subsidiaries also become involved from time to time in proceedings relating to environmental matters and litigation arising outside the ordinary course of business. As of July 31, 2015 , we were contingently liable to banks, financial institutions and others for approximately $172.0 million for outstanding standby letters of credit, surety bonds and bank guarantees to secure the performance of sales contracts and other third party provided guarantees in the ordinary course of business. Of the $172.0 million , approximately $27.7 million relates to surety bonds and $1.1 million relates to outstanding letters of credit or other guarantees issued by non-U.S. banks for non-U.S. subsidiaries under locally provided credit facilities. In addition, the SEC’s Division of Enforcement is conducting an investigation concerning our 2012 acquisition of International Mining Machinery Holdings Limited and related accounting matters. We are cooperating with the SEC regarding this investigation, which is ongoing. While it is not possible to predict the timing or outcome of the SEC inquiry, we currently believe that this matter will not have a material adverse effect on the Company's future consolidated results of operations, financial position or liquidity.

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information We operate in two reportable segments: Underground and Surface. Crushing and conveying operating results related to surface applications are reported as part of the Surface segment, while total crushing and conveying operating results are included in the Underground segment. Eliminations primarily consist of the surface applications of crushing and conveying included in both operating segments. The results of operations for MTI and Montabert have been included in the Underground segment from their respective acquisition dates forward. Operating income (loss) of segments does not include interest income and expense, corporate administration expenses and the provision for income taxes. In thousands Underground Surface Corporate Eliminations Total Quarter ended July 31, 2015 Net sales $ 453,302 $ 362,559 $ — $ (23,678 ) $ 792,183 Operating income (loss) $ 33,967 $ 57,319 $ (12,542 ) $ (5,380 ) $ 73,364 Interest income — — 2,543 — 2,543 Interest expense — — (16,219 ) — (16,219 ) Income (loss) before income taxes $ 33,967 $ 57,319 $ (26,218 ) $ (5,380 ) $ 59,688 Depreciation and amortization $ 22,826 $ 13,726 $ 186 $ — $ 36,738 Capital expenditures $ 10,628 $ 7,398 $ — $ — $ 18,026 Quarter ended August 1, 2014 Net sales $ 470,747 $ 435,186 $ — $ (30,272 ) $ 875,661 Operating income (loss) $ 47,635 $ 87,269 $ (7,039 ) $ (8,574 ) $ 119,291 Interest income — — 1,707 — 1,707 Interest expense — — (16,604 ) — (16,604 ) Income (loss) before income taxes $ 47,635 $ 87,269 $ (21,936 ) $ (8,574 ) $ 104,394 Depreciation and amortization $ 18,568 $ 14,625 $ 695 $ — $ 33,888 Capital expenditures $ 12,675 $ 10,078 $ 2,011 $ — $ 24,764 In thousands Underground Surface Corporate Eliminations Total Nine months ended July 31, 2015 Net sales $ 1,261,904 $ 1,132,981 $ — $ (88,306 ) $ 2,306,579 Operating income (loss) $ 106,691 $ 142,931 $ (36,704 ) $ (20,550 ) $ 192,368 Interest income — — 8,463 — 8,463 Interest expense — — (48,368 ) — (48,368 ) Income (loss) before income taxes $ 106,691 $ 142,931 $ (76,609 ) $ (20,550 ) $ 152,463 Depreciation and amortization $ 60,538 $ 40,672 $ 1,704 $ — $ 102,914 Capital expenditures $ 24,849 $ 32,831 $ 141 $ — $ 57,821 Nine months ended August 1, 2014 Net sales $ 1,466,088 $ 1,279,507 $ — $ (100,892 ) $ 2,644,703 Operating income (loss) $ 177,773 $ 216,034 $ (35,464 ) $ (28,065 ) $ 330,278 Interest income — — 6,583 — 6,583 Interest expense — — (49,148 ) — (49,148 ) Income (loss) before income taxes $ 177,773 $ 216,034 $ (78,029 ) $ (28,065 ) $ 287,713 Depreciation and amortization $ 54,780 $ 41,834 $ 2,111 $ — $ 98,725 Capital expenditures $ 31,653 $ 33,446 $ 3,969 $ — $ 69,068

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue from Contracts with Customers. ASU 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to (i) identify the contracts with the customer, (ii) identify the performance obligations in the contact, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In July 2015, the FASB agreed to delay the effective date of ASU 2014-09 for one year and to permit early adoption by entities as of the original effective dates. Considering the one year deferral, ASU 2014-09 will be effective for the Company beginning on October 27, 2018 and the standard allows for either full retrospective adoption or modified retrospective adoption. The Company is continuing to evaluate the impact that the adoption of this guidance will have on our financial condition, results of operations and the presentation of our financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. Further, in June 2015, the FASB agreed to clarifying guidance from the Securities and Exchange Commission on the presentation of debt issuance costs on revolving debt arrangements, permitting entities to elect that such costs be classified as an asset. T he guidance in the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed for all entities for financial statements that have not been previously issued and entities would apply the new guidance retrospectively to all prior periods. ASU 2015-03 will be effective for the Company beginning on October 29, 2016. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements. In April 2015, the FASB also issued ASU 2015-04, Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets, which permits an employer whose fiscal year-end does not coincide with a calendar month end the ability to elect to measure its defined benefit retirement obligations and related plan assets as of the month end that is closest to its fiscal year-end. If elected, this accounting policy is applied consistently on a prospective basis for all plans, with related disclosure of the alternative measurement date used. The ASU is effective for the Company beginning on October 29, 2016, with early adoption permitted. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements. In July 2015, the FASB issued ASU 2015-11, " Simplifying the Measurement of Inventory ," which requires most entities to measure most inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based upon one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out (LIFO) method or the retail inventory method (RIM), and defines NRV as the "estimated selling price in the the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU is effective on a prospective basis for the Company beginning on October 28, 2017, with early adoption permitted. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements.

Subsidiary Guarantors

Subsidiary Guarantors	9 Months Ended
	Jul. 31, 2015
Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Subsidiary Guarantors	Subsidiary Guarantors for 2016 Notes and 2036 Notes The following tables present condensed consolidated financial information as of July 31, 2015 and October 31, 2014 and for the quarters and nine months ended July 31, 2015 and August 1, 2014 for: (a) the Company; (b) on a combined basis, the guarantors of the 2016 Notes and 2036 Notes issued in November 2006, which include the significant domestic operations of Joy Global Underground Mining LLC, Joy Global Surface Mining Inc, N.E.S. Investment Co., Joy Global Conveyors Inc., Joy Global Longview Operations LLC and certain immaterial wholly owned subsidiaries of Joy Global Longview Operations LLC (the "Subsidiary Guarantors"); and (c) on a combined basis, the non-guarantors, which include all of our foreign subsidiaries and a number of small domestic subsidiaries (the "Non-Guarantor Subsidiaries"). The borrowings are fully and unconditionally guaranteed on a joint and several unsecured basis by the Subsidiary Guarantors, which are direct and indirect 100% owned subsidiaries of the Company. We conduct all of our business and derive essentially all of our income from our subsidiaries. Therefore, our ability to make payments on the obligations is dependent on the earnings and distribution of funds from our subsidiaries. There are no restrictions on the ability of any of our domestic subsidiaries to transfer funds to the parent company. Separate financial statements of the Subsidiary Guarantors are not presented because we believe such separate statements or disclosures would not be useful to investors. Condensed Consolidating Statement of Income Quarter ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 432,882 $ 608,964 $ (249,663 ) $ 792,183 Cost of sales — 322,255 446,319 (193,736 ) 574,838 Product development, selling and administrative expenses 12,499 63,209 69,507 — 145,215 Other (income) expense — 3,769 (5,003 ) — (1,234 ) Operating income (loss) (12,499 ) 43,649 98,141 (55,927 ) 73,364 Intercompany items 16,750 (30,145 ) (6,865 ) 20,260 — Interest (expense) income, net (16,068 ) 1,863 529 — (13,676 ) Income (loss) before income taxes and equity in income of subsidiaries (11,817 ) 15,367 91,805 (35,667 ) 59,688 Provision (benefit) for income taxes (8,654 ) 997 22,460 — 14,803 Equity in income of subsidiaries 48,048 21,505 — (69,553 ) — Net income $ 44,885 $ 35,875 $ 69,345 $ (105,220 ) $ 44,885 Comprehensive income $ 13,863 $ 37,066 $ 32,435 $ (69,501 ) $ 13,863 Condensed Consolidating Statement of Income Quarter ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 523,862 $ 560,533 $ (208,734 ) $ 875,661 Cost of sales — 381,527 411,714 (169,512 ) 623,729 Product development, selling and administrative expenses 7,017 49,531 80,711 — 137,259 Other (income) expense — 2,344 (6,962 ) — (4,618 ) Operating income (loss) (7,017 ) 90,460 75,070 (39,222 ) 119,291 Intercompany items 15,641 (14,897 ) (7,048 ) 6,304 — Interest (expense) income, net (15,614 ) 1,083 (366 ) — (14,897 ) Income (loss) before income taxes and equity in income of subsidiaries (6,990 ) 76,646 67,656 (32,918 ) 104,394 Provision (benefit) for income taxes (5,923 ) 32,719 6,330 (21 ) 33,105 Equity in income of subsidiaries 72,356 25,017 — (97,373 ) — Net income $ 71,289 $ 68,944 $ 61,326 $ (130,270 ) $ 71,289 Comprehensive income $ 81,683 $ 69,038 $ 80,787 $ (149,825 ) $ 81,683 Condensed Consolidating Statement of Income Nine Months ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,405,663 $ 1,611,037 $ (710,121 ) $ 2,306,579 Cost of sales — 1,032,345 1,186,093 (543,451 ) 1,674,987 Product development, selling and administrative expenses 36,503 185,949 222,119 — 444,571 Other (income) expense 68 12,863 (18,278 ) — (5,347 ) Operating income (loss) (36,571 ) 174,506 221,103 (166,670 ) 192,368 Intercompany items 50,106 (75,362 ) (35,306 ) 60,562 — Interest (expense) income, net (47,449 ) 4,999 2,545 — (39,905 ) Income (loss) before income taxes and equity in income of subsidiaries (33,914 ) 104,143 188,342 (106,108 ) 152,463 Provision (benefit) for income taxes (2,739 ) 25,488 22,522 — 45,271 Equity in income of subsidiaries 138,367 19,039 — (157,406 ) — Net income $ 107,192 $ 97,694 $ 165,820 $ (263,514 ) $ 107,192 Comprehensive (loss) income $ (10,567 ) $ 98,570 $ 32,286 $ (130,856 ) $ (10,567 ) Condensed Consolidating Statement of Income Nine Months ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,504,843 $ 1,793,900 $ (654,040 ) $ 2,644,703 Cost of sales — 1,115,516 1,301,028 (537,045 ) 1,879,499 Product development, selling and administrative expenses 35,840 184,036 224,946 — 444,822 Other (income) expense (473 ) 8,496 (17,919 ) — (9,896 ) Operating income (loss) (35,367 ) 196,795 285,845 (116,995 ) 330,278 Intercompany items 48,422 (60,625 ) (19,053 ) 31,256 — Interest (expense) income, net (47,495 ) 4,679 251 — (42,565 ) Income (loss) before income taxes and equity in income of subsidiaries (34,440 ) 140,849 267,043 (85,739 ) 287,713 Provision (benefit) for income taxes (15,855 ) 88,939 20,528 — 93,612 Equity in income of subsidiaries 212,686 105,984 — (318,670 ) — Net income $ 194,101 $ 157,894 $ 246,515 $ (404,409 ) $ 194,101 Comprehensive income $ 187,272 $ 159,288 $ 240,592 $ (399,880 ) $ 187,272 Condensed Consolidating Balance Sheet As of July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 25,138 $ 2,462 $ 113,300 $ — $ 140,900 Accounts receivable, net — 246,172 599,546 (16,182 ) 829,536 Inventories — 567,371 715,576 (98,605 ) 1,184,342 Other current assets 72,794 14,776 89,649 — 177,219 Total current assets 97,932 830,781 1,518,071 (114,787 ) 2,331,997 Property, plant and equipment, net 22,152 330,105 527,909 (5,016 ) 875,150 Other assets: Other intangible assets, net — 214,724 117,745 — 332,469 Goodwill — 453,401 1,100,776 — 1,554,177 Deferred income taxes 2,841 — 71,691 — 74,532 Other non-current assets 4,095,114 2,006,794 2,540,575 (8,478,679 ) 163,804 Total other assets 4,097,955 2,674,919 3,830,787 (8,478,679 ) 2,124,982 Total assets $ 4,218,039 $ 3,835,805 $ 5,876,767 $ (8,598,482 ) $ 5,332,129 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ 14,063 $ — $ 108 $ — $ 14,171 Trade accounts payable 2,273 139,569 188,996 — 330,838 Employee compensation and benefits 4,976 31,574 46,351 — 82,901 Advance payments and progress billings — 100,566 212,373 (15,217 ) 297,722 Accrued warranties — 21,869 34,933 — 56,802 Other accrued liabilities 58,613 66,411 100,520 (13,104 ) 212,440 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 79,925 371,571 583,281 (28,321 ) 1,006,456 Long-term obligations 1,256,025 — 7 — 1,256,032 Other liabilities: Liabilities for postretirement benefits 17,849 872 — — 18,721 Accrued pension costs 117,596 8,659 9,025 — 135,280 Other non-current liabilities 2,377 7,343 161,653 — 171,373 Total other liabilities 137,822 16,874 170,678 — 325,374 Shareholders’ equity 2,744,267 3,447,360 5,122,801 (8,570,161 ) 2,744,267 Total liabilities and shareholders’ equity $ 4,218,039 $ 3,835,805 $ 5,876,767 $ (8,598,482 ) $ 5,332,129 Condensed Consolidating Balance Sheet As of October 31, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 54,874 $ 16,429 $ 198,888 $ — $ 270,191 Accounts receivable, net — 400,456 675,515 (16,262 ) 1,059,709 Inventories — 470,194 753,922 (115,808 ) 1,108,308 Other current assets 87,945 9,520 82,671 15 180,151 Total current assets 142,819 896,599 1,710,996 (132,055 ) 2,618,359 Property, plant and equipment, net 23,660 346,761 525,642 (3,623 ) 892,440 Other assets: Other intangible assets, net — 228,950 90,319 — 319,269 Goodwill — 453,374 1,063,319 — 1,516,693 Deferred income taxes 159 — 70,022 — 70,181 Other non-current assets 4,191,771 2,102,499 2,644,843 (8,759,069 ) 180,044 Total other assets 4,191,930 2,784,823 3,868,503 (8,759,069 ) 2,086,187 Total assets $ 4,358,409 $ 4,028,183 $ 6,105,141 $ (8,894,747 ) $ 5,596,986 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ — $ 11,634 $ 105 $ — $ 11,739 Trade accounts payable 3,134 215,235 177,576 — 395,945 Employee compensation and benefits 11,639 58,374 66,898 — 136,911 Advance payments and progress billings — 117,768 193,165 (24,994 ) 285,939 Accrued warranties — 17,002 50,270 — 67,272 Other accrued liabilities 94,097 54,523 124,244 (7,264 ) 265,600 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 108,870 486,118 612,258 (32,258 ) 1,174,988 Long-term obligations 1,269,459 — 82 — 1,269,541 Other liabilities: Liabilities for postretirement benefits 18,743 866 — — 19,609 Accrued pension costs 132,448 7,529 4,402 — 144,379 Other non-current liabilities (12,108 ) 7,780 151,800 — 147,472 Total other liabilities 139,083 16,175 156,202 — 311,460 Shareholders’ equity 2,840,997 3,525,890 5,336,599 (8,862,489 ) 2,840,997 Total liabilities and shareholders’ equity $ 4,358,409 $ 4,028,183 $ 6,105,141 $ (8,894,747 ) $ 5,596,986 Condensed Consolidating Statement of Cash Flows Nine Months ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidated Operating Activities: Net cash provided by operating activities $ 76,032 $ 14,882 $ 77,800 $ 168,714 Investing Activities: Acquisition of businesses, net of cash acquired — — (114,353 ) (114,353 ) Property, plant and equipment acquired (141 ) (17,429 ) (40,251 ) (57,821 ) Proceeds from sale of property, plant and equipment 942 214 2,915 4,071 Other investing activities, net (1,227 ) — 1,852 625 Net cash used by investing activities (426 ) (17,215 ) (149,837 ) (167,478 ) Financing Activities: Common stock issued 2,853 — — 2,853 Dividends paid (58,456 ) — — (58,456 ) Treasury stock purchased (50,000 ) — — (50,000 ) Repayments of short-term debt (11,634 ) 89 (11,545 ) Other financing activities, net 261 — — 261 Net cash (used) provided by financing activities (105,342 ) (11,634 ) 89 (116,887 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (13,640 ) (13,640 ) Decrease in Cash and Cash Equivalents (29,736 ) (13,967 ) (85,588 ) (129,291 ) Cash and Cash Equivalents at Beginning of Period 54,874 16,429 198,888 270,191 Cash and Cash Equivalents at End of Period $ 25,138 $ 2,462 $ 113,300 $ 140,900 Condensed Consolidating Statement of Cash Flow Nine Months ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidated Operating Activities: Net cash provided (used) by operating activities of continuing operations $ 194,291 $ (4,062 ) $ 108,092 $ 298,321 Net cash used by operating activities of discontinued operations — (103 ) — (103 ) Net cash provided (used) by operating activities 194,291 (4,165 ) 108,092 298,218 Investing Activities: Acquisition of businesses, net of cash acquired — — (47,058 ) (47,058 ) Property, plant and equipment acquired (3,969 ) (15,317 ) (49,782 ) (69,068 ) Proceeds from sale of property, plant and equipment — 7,124 1,758 8,882 Other investing activities, net (82 ) 232 (239 ) (89 ) Net cash used by investing activities (4,051 ) (7,961 ) (95,321 ) (107,333 ) Financing Activities: Common stock issued 10,189 — — 10,189 Dividends paid (55,334 ) — — (55,334 ) Repayments of term loan (37,500 ) — — (37,500 ) Treasury stock purchased (194,336 ) — — (194,336 ) Repayments of short-term debt — Other financing activities, net (1,099 ) (1,212 ) (8,008 ) (10,319 ) Net cash used by financing activities (278,080 ) (1,212 ) (8,008 ) (287,300 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1,252 ) (1,252 ) (Decrease) Increase in Cash and Cash Equivalents (87,840 ) (13,338 ) 3,511 (97,667 ) Cash and Cash Equivalents at Beginning of Period 122,901 20,361 262,447 405,709 Cash and Cash Equivalents at End of Period $ 35,061 $ 7,023 $ 265,958 $ 308,042

Supplemental Subsidiary Guarant

Supplemental Subsidiary Guarantors	9 Months Ended
	Jul. 31, 2015
Supplemental Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Supplemental Subsidiary Guarantors	Subsidiary Guarantors for Credit Agreement, Term Loan and 2021 Notes The following tables present condensed consolidated financial information as of July 31, 2015 and October 31, 2014 and for the quarters and nine months ended July 31, 2015 and August 1, 2014 for: (a) the Company; (b) on a combined basis, the guarantors of the Credit Agreement, the Term Loan and the 2021 Notes issued in October 2011, which include Joy Global Underground Mining LLC, Joy Global Surface Mining Inc, N.E.S. Investment Co., Joy Global Conveyors Inc. and Joy Global Longview Operations LLC (the "Supplemental Subsidiary Guarantors"); and (c) on a combined basis, the non-guarantors, which include all of our foreign subsidiaries and a number of small domestic subsidiaries ("Non-Guarantor Subsidiaries"). The borrowings are fully and unconditionally guaranteed on a joint and several unsecured basis by the Supplemental Subsidiary Guarantors, which are direct and indirect 100% owned subsidiaries of the Company. We conduct all of our business and derive essentially all of our income from our subsidiaries. Therefore, our ability to make payments on the obligations is dependent on the earnings and distribution of funds from our subsidiaries. There are no restrictions on the ability of any of our domestic subsidiaries to transfer funds to the parent company. Separate financial statements of the Supplemental Subsidiary Guarantors are not presented because we believe such separate statements or disclosures would not be useful to investors. Condensed Consolidating Statement of Income Quarter ended July 31, 2015 In thousands Parent Company Supplemental Subsidiary Guarantors Supplemental Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 430,840 $ 611,006 $ (249,663 ) $ 792,183 Cost of sales — 320,352 448,222 (193,736 ) 574,838 Product development, selling and administrative expenses 12,499 63,209 69,507 — 145,215 Other (income) expense — 3,771 (5,005 ) — (1,234 ) Operating income (loss) (12,499 ) 43,508 98,282 (55,927 ) 73,364 Intercompany items 16,750 (30,145 ) (6,865 ) 20,260 — Interest (expense) income, net (16,068 ) 1,907 485 — (13,676 ) Income (loss) before income taxes and equity in income of subsidiaries (11,817 ) 15,270 91,902 (35,667 ) 59,688 Provision (benefit) for income taxes (8,654 ) 997 22,460 — 14,803 Equity in income of subsidiaries 48,048 21,602 — (69,650 ) — Net income $ 44,885 $ 35,875 $ 69,442 $ (105,317 ) $ 44,885 Comprehensive income $ 13,863 $ 37,066 $ 32,532 $ (69,598 ) $ 13,863 Condensed Consolidating Statement of Income Quarter ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 520,247 $ 564,148 $ (208,734 ) $ 875,661 Cost of sales — 378,457 414,784 (169,512 ) 623,729 Product development, selling and administrative expenses 7,017 49,337 80,905 — 137,259 Other (income) expense — 2,350 (6,968 ) — (4,618 ) Operating income (loss) (7,017 ) 90,103 75,427 (39,222 ) 119,291 Intercompany items 15,641 (14,897 ) (7,048 ) 6,304 — Interest (expense) income, net (15,614 ) 1,055 (338 ) — (14,897 ) Income (loss) before income taxes and equity in income of subsidiaries (6,990 ) 76,261 68,041 (32,918 ) 104,394 Provision (benefit) for income taxes (5,923 ) 32,720 6,329 (21 ) 33,105 Equity in income of subsidiaries 72,356 25,017 — (97,373 ) — Net income $ 71,289 $ 68,558 $ 61,712 $ (130,270 ) $ 71,289 Comprehensive income $ 81,683 $ 68,652 $ 81,173 $ (149,825 ) $ 81,683 Condensed Consolidating Statement of Income Nine Months ended July 31, 2015 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 1,400,258 $ 1,616,442 $ (710,121 ) $ 2,306,579 Cost of sales — 1,026,939 1,191,499 (543,451 ) 1,674,987 Product development, selling and administrative expenses 36,503 185,949 222,119 — 444,571 Other (income) expense 68 12,872 (18,287 ) — (5,347 ) Operating income (loss) (36,571 ) 174,498 221,111 (166,670 ) 192,368 Intercompany items 50,106 (75,362 ) (35,306 ) 60,562 — Interest (expense) income, net (47,449 ) 5,242 2,302 — (39,905 ) Income (loss) before income taxes and equity in income of subsidiaries (33,914 ) 104,378 188,107 (106,108 ) 152,463 Provision (benefit) for income taxes (2,739 ) 25,502 22,508 — 45,271 Equity in income of subsidiaries 138,367 18,818 — (157,185 ) — Net income $ 107,192 $ 97,694 $ 165,599 $ (263,293 ) $ 107,192 Comprehensive (loss) income $ (10,567 ) $ 98,570 $ 32,065 $ (130,635 ) $ (10,567 ) Condensed Consolidating Statement of Income Nine Months ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 1,495,659 $ 1,803,084 $ (654,040 ) $ 2,644,703 Cost of sales — 1,108,173 1,308,371 (537,045 ) 1,879,499 Product development, selling and administrative expenses 35,840 183,363 225,619 — 444,822 Other (income) expense (473 ) 8,890 (18,313 ) — (9,896 ) Operating income (loss) (35,367 ) 195,233 287,407 (116,995 ) 330,278 Intercompany items 48,422 (60,625 ) (19,053 ) 31,256 — Interest (expense) income, net (47,495 ) 4,595 335 — (42,565 ) Income (loss) before income taxes and equity in income of subsidiaries (34,440 ) 139,203 268,689 (85,739 ) 287,713 Provision (benefit) for income taxes (15,855 ) 89,828 19,639 — 93,612 Equity in income of subsidiaries 212,686 105,984 — (318,670 ) — Net income $ 194,101 $ 155,359 $ 249,050 $ (404,409 ) $ 194,101 Comprehensive income $ 187,272 $ 156,753 $ 243,127 $ (399,880 ) $ 187,272 Condensed Consolidating Balance Sheet As of July 31, 2015 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 25,138 $ 1,972 $ 113,790 $ — $ 140,900 Accounts receivable, net — 245,241 600,477 (16,182 ) 829,536 Inventories — 561,454 721,493 (98,605 ) 1,184,342 Other current assets 72,794 13,864 90,561 — 177,219 Total current assets 97,932 822,531 1,526,321 (114,787 ) 2,331,997 Property, plant and equipment, net 22,152 328,549 529,465 (5,016 ) 875,150 Other assets: Other intangible assets, net — 214,724 117,745 — 332,469 Goodwill — 453,401 1,100,776 — 1,554,177 Deferred income taxes 2,841 — 71,691 — 74,532 Other non-current assets 4,095,114 1,978,193 2,569,176 (8,478,679 ) 163,804 Total other assets 4,097,955 2,646,318 3,859,388 (8,478,679 ) 2,124,982 Total assets $ 4,218,039 $ 3,797,398 $ 5,915,174 $ (8,598,482 ) $ 5,332,129 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ 14,063 $ — $ 108 $ — $ 14,171 Trade accounts payable 2,273 139,552 189,013 — 330,838 Employee compensation and benefits 4,976 31,460 46,465 — 82,901 Advance payments and progress billings — 100,564 212,375 (15,217 ) 297,722 Accrued warranties — 21,869 34,933 — 56,802 Other accrued liabilities 58,613 66,386 100,545 (13,104 ) 212,440 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 79,925 371,413 583,439 (28,321 ) 1,006,456 Long-term obligations 1,256,025 — 7 — 1,256,032 Other liabilities: Liabilities for postretirement benefits 17,849 872 — — 18,721 Accrued pension costs 117,596 8,659 9,025 — 135,280 Other non-current liabilities 2,377 7,343 161,653 — 171,373 Total other liabilities 137,822 16,874 170,678 — 325,374 Shareholders’ equity 2,744,267 3,409,111 5,161,050 (8,570,161 ) 2,744,267 Total liabilities and shareholders’ equity $ 4,218,039 $ 3,797,398 $ 5,915,174 $ (8,598,482 ) $ 5,332,129 Condensed Consolidating Balance Sheet As of October 31, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 54,874 $ 16,429 $ 198,888 $ — $ 270,191 Accounts receivable, net — 391,672 684,299 (16,262 ) 1,059,709 Inventories — 470,194 753,922 (115,808 ) 1,108,308 Other current assets 87,945 9,520 82,671 15 180,151 Total current assets 142,819 887,815 1,719,780 (132,055 ) 2,618,359 Property, plant and equipment, net 23,660 345,117 527,286 (3,623 ) 892,440 Other assets: Other intangible assets, net — 228,950 90,319 — 319,269 Goodwill — 453,374 1,063,319 — 1,516,693 Deferred income taxes 159 — 70,022 — 70,181 Other non-current assets 4,191,771 2,106,760 2,640,582 (8,759,069 ) 180,044 Total other assets 4,191,930 2,789,084 3,864,242 (8,759,069 ) 2,086,187 Total assets $ 4,358,409 $ 4,022,016 $ 6,111,308 $ (8,894,747 ) $ 5,596,986 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ — $ 11,634 $ 105 $ — $ 11,739 Trade accounts payable 3,134 214,603 178,208 — 395,945 Employee compensation and benefits 11,639 58,374 66,898 — 136,911 Advance payments and progress billings — 117,768 193,165 (24,994 ) 285,939 Accrued warranties — 17,002 50,270 — 67,272 Other accrued liabilities 94,097 54,523 124,244 (7,264 ) 265,600 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 108,870 485,486 612,890 (32,258 ) 1,174,988 Long-term obligations 1,269,459 — 82 — 1,269,541 Other liabilities: Liabilities for postretirement benefits 18,743 866 — — 19,609 Accrued pension costs 132,448 7,529 4,402 — 144,379 Other non-current liabilities (12,108 ) 7,780 151,800 — 147,472 Total other liabilities 139,083 16,175 156,202 — 311,460 Shareholders’ equity 2,840,997 3,520,355 5,342,134 (8,862,489 ) 2,840,997 Total liabilities and shareholders’ equity $ 4,358,409 $ 4,022,016 $ 6,111,308 $ (8,894,747 ) $ 5,596,986 Condensed Consolidating Statement of Cash Flows Nine Months ended July 31, 2015 In thousands Parent Company Supplemental Supplemental Consolidated Operating Activities: Net cash provided by operating activities $ 76,032 $ 14,392 $ 78,290 $ 168,714 Investing Activities: Acquisition of businesses, net of cash acquired — — (114,353 ) (114,353 ) Property, plant and equipment acquired (141 ) (17,429 ) (40,251 ) (57,821 ) Proceeds from sale of property, plant and equipment 942 214 2,915 4,071 Other investing activities, net (1,227 ) — 1,852 625 Net cash used by investing activities (426 ) (17,215 ) (149,837 ) (167,478 ) Financing Activities: Common stock issued 2,853 — — 2,853 Dividends paid (58,456 ) — — (58,456 ) Treasury stock purchased (50,000 ) — — (50,000 ) Repayments of short-term debt (11,634 ) 89 (11,545 ) Other financing activities, net 261 — — 261 Net cash (used) provided by financing activities (105,342 ) (11,634 ) 89 (116,887 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (13,640 ) (13,640 ) (Decrease) Increase in Cash and Cash Equivalents (29,736 ) (14,457 ) (85,098 ) (129,291 ) Cash and Cash Equivalents at Beginning of Period 54,874 16,429 198,888 270,191 Cash and Cash Equivalents at End of Period $ 25,138 $ 1,972 $ 113,790 $ 140,900 Condensed Consolidating Statement of Cash Flows Nine Months ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Consolidated Operating Activities: Net cash provided (used) by operating activities of continuing operations $ 194,291 $ (4,062 ) $ 108,092 $ 298,321 Net cash used by operating activities of discontinued operations — (103 ) — (103 ) Net cash provided (used) by operating activities 194,291 (4,165 ) 108,092 298,218 Investing Activities: Acquisition of businesses, net of cash acquired — — (47,058 ) (47,058 ) Property, plant and equipment acquired (3,969 ) (15,317 ) (49,782 ) (69,068 ) Proceeds from sale of property, plant and equipment — 7,124 1,758 8,882 Other investing activities, net (82 ) 232 (239 ) (89 ) Net cash used by investing activities (4,051 ) (7,961 ) (95,321 ) (107,333 ) Financing Activities: Common stock issued 10,189 — — 10,189 Dividends paid (55,334 ) — — (55,334 ) Repayments of term loan (37,500 ) — — (37,500 ) Treasury stock purchased (194,336 ) — — (194,336 ) Repayments of short term debt — Other financing activities, net (1,099 ) (1,212 ) (8,008 ) (10,319 ) Net cash used by financing activities (278,080 ) (1,212 ) (8,008 ) (287,300 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1,252 ) (1,252 ) (Decrease) Increase in Cash and Cash Equivalents (87,840 ) (13,338 ) 3,511 (97,667 ) Cash and Cash Equivalents at Beginning of Period 122,901 20,361 262,447 405,709 Cash and Cash Equivalents at End of Period $ 35,061 $ 7,023 $ 265,958 $ 308,042

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 18, 2015 , our Board of Directors declared a cash dividend of $0.20 per outstanding share of common stock. The dividend will be paid on September 18, 2015 to all shareholders of record at the close of business on September 4, 2015 .

Goodwill and Other Intangible28

Goodwill and Other Intangible Assets (Policies)	9 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Finite-lived intangible assets are amortized to reflect the pattern of economic benefits consumed, which is principally the straight-line method. Intangible assets that are subject to amortization are evaluated for potential impairment whenever events or circumstances indicate that the carrying amount may not be recoverable. No impairment was identified related to our finite-lived intangible assets as of July 31, 2015. Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is assigned to specific reporting units, and is tested for impairment at least annually, during the fourth quarter of our fiscal year, or more frequently upon the occurrence of an event or when circumstances indicate that a reporting unit’s carrying amount is greater than its fair value. Due to the prolonged suppressed global commodity markets, its related effect on the global mining investment environment and the resulting impact on our stock price, our total shareholders’ equity exceeded our market capitalization during the latter part of the quarter ended July 31, 2015, indicating the possibility of an impairment to goodwill. Based on this indicator of impairment, we performed an interim test for impairment of goodwill as of the last day of our fiscal third quarter. We have concluded our step one evaluation on our reporting units. After completing this analysis, we determined that the estimated fair value of our Underground reporting unit was lower than the carrying value of the reporting unit. Given the timing of the decline in our market capitalization, we have not completed step two of the goodwill impairment test for this reporting unit, which will determine the amount of impairment loss, if any, for our Underground reporting unit. Step two of the impairment test requires we perform a theoretical purchase price allocation for the Underground reporting unit to determine the implied fair value of goodwill to the recorded amount of goodwill. We have engaged a third party valuation firm to assist in this process. We are unable to provide a reasonable estimate or a range of estimates for the potential non-cash impairment charge at this time. We will complete the analysis during the fourth quarter.

Recent Accounting Pronounceme29

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Recent accounting pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue from Contracts with Customers. ASU 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to (i) identify the contracts with the customer, (ii) identify the performance obligations in the contact, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In July 2015, the FASB agreed to delay the effective date of ASU 2014-09 for one year and to permit early adoption by entities as of the original effective dates. Considering the one year deferral, ASU 2014-09 will be effective for the Company beginning on October 27, 2018 and the standard allows for either full retrospective adoption or modified retrospective adoption. The Company is continuing to evaluate the impact that the adoption of this guidance will have on our financial condition, results of operations and the presentation of our financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. Further, in June 2015, the FASB agreed to clarifying guidance from the Securities and Exchange Commission on the presentation of debt issuance costs on revolving debt arrangements, permitting entities to elect that such costs be classified as an asset. T he guidance in the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed for all entities for financial statements that have not been previously issued and entities would apply the new guidance retrospectively to all prior periods. ASU 2015-03 will be effective for the Company beginning on October 29, 2016. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements. In April 2015, the FASB also issued ASU 2015-04, Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets, which permits an employer whose fiscal year-end does not coincide with a calendar month end the ability to elect to measure its defined benefit retirement obligations and related plan assets as of the month end that is closest to its fiscal year-end. If elected, this accounting policy is applied consistently on a prospective basis for all plans, with related disclosure of the alternative measurement date used. The ASU is effective for the Company beginning on October 29, 2016, with early adoption permitted. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements. In July 2015, the FASB issued ASU 2015-11, " Simplifying the Measurement of Inventory ," which requires most entities to measure most inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based upon one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out (LIFO) method or the retail inventory method (RIM), and defines NRV as the "estimated selling price in the the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU is effective on a prospective basis for the Company beginning on October 28, 2017, with early adoption permitted. This guidance is not expected to have a significant impact on our financial condition, results of operations or presentation of our financial statements.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Consolidated inventories	Consolidated inventories consist of the following: In thousands July 31, October 31, Finished goods 886,939 $ 835,227 Work in process 225,537 203,805 Raw materials 71,866 69,276 Total inventories $ 1,184,342 $ 1,108,308

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Jul. 31, 2015
Product Warranties Disclosures [Abstract]
Changes in the product warranty reserve	The following table reconciles the changes in the product warranty reserve: Quarter Ended Nine Months Ended In thousands July 31, August 1, July 31, August 1, Balance, beginning of period $ 58,194 $ 73,602 $ 67,272 $ 85,732 Accrual for warranty expensed during the period 7,701 7,138 26,554 23,801 Settlements made during the period (9,933 ) (17,357 ) (36,320 ) (46,533 ) Effect of foreign currency translation (359 ) 56 (1,903 ) 439 Acquired warranty accrual $ 1,199 $ 246 1,199 $ 246 Balance, end of period $ 56,802 $ 63,685 $ 56,802 $ 63,685

Borrowings and Credit Facilit32

Borrowings and Credit Facilities (Tables)	9 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Direct borrowings and capital lease obligations	Direct borrowings and capital lease obligations consist of the following: In thousands July 31, October 31, Domestic: Term Loan due 2019 375,000 375,000 6.0% Senior Notes due 2016 249,446 249,131 5.125% Senior Notes due 2021 497,097 496,806 6.625% Senior Notes due 2036 148,545 148,522 Other borrowings — 11,634 Foreign: Capital leases 115 187 Total obligations 1,270,203 1,281,280 Less: Amounts due within one year (14,171 ) (11,739 ) Long-term obligations $ 1,256,032 $ 1,269,541

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jul. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in accumulated other comprehensive (loss) income	Changes in accumulated other comprehensive income (loss), net of taxes, consist of the following: Quarter ended July 31, 2015 Quarter ended August 1, 2014 Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Beginning balance $ (517,623 ) $ 8,335 $ (112,731 ) $ (622,019 ) $ (532,587 ) $ 4,742 $ 2,988 $ (524,857 ) Other comprehensive (loss) income before reclassifications, net of taxes (25 ) 1,979 (40,166 ) (38,212 ) (15,202 ) 262 20,145 5,205 Amounts reclassified from accumulated other comprehensive income, net of taxes 6,032 1,158 — 7,190 5,026 163 — 5,189 Total other comprehensive income (loss), net of taxes 6,007 3,137 (40,166 ) (31,022 ) (10,176 ) 425 20,145 10,394 Ending balance $ (511,616 ) $ 11,472 $ (152,897 ) $ (653,041 ) $ (542,763 ) $ 5,167 $ 23,133 $ (514,463 ) Nine months ended July 31, 2015 Nine months ended August 1, 2014 Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Change in Unrecognized Pension and Other Postretirement Obligations Derivative Instrument Fair Market Value Adjustment Foreign Currency Translation Adjustment Total Beginning balance $ (529,316 ) $ 4,736 $ (10,702 ) $ (535,282 ) $ (540,122 ) $ 5,028 $ 27,460 $ (507,634 ) Other comprehensive (loss) income before reclassifications, net of taxes (7,152 ) 4,192 (142,195 ) (145,155 ) (15,202 ) 3,555 (4,327 ) (15,974 ) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes 24,852 2,544 — 27,396 12,561 (3,416 ) — 9,145 Total other comprehensive income (loss), net of taxes 17,700 6,736 (142,195 ) (117,759 ) (2,641 ) 139 (4,327 ) (6,829 ) Ending balance $ (511,616 ) $ 11,472 $ (152,897 ) $ (653,041 ) $ (542,763 ) $ 5,167 $ 23,133 $ (514,463 )
Reclassifications from accumulated other comprehensive (loss) income	Details of the reclassifications from accumulated other comprehensive income (loss) are disclosed below: Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Quarter Ended Nine Months Ended Affected Line Items in the Statements of Income July 31, August 1, July 31, August 1, Change in unrecognized pension and other postretirement obligations: Amortization of prior service cost $ 50 $ 181 $ 151 $ 539 Cost of sales/Product development, selling and administrative expense* Amortization of net actuarial gain 5,767 5,544 17,905 15,951 Cost of sales/Product development, selling and administrative expense* Curtailment loss attributable to unrecognized prior negotiated enhancements — 1,582 — 1,582 Cost of sales/Product development, selling and administrative expense* Settlement loss related to UK plan 2,323 — 15,229 — Administrative expense Deferred tax (2,108 ) (2,281 ) (8,433 ) (5,511 ) Provision for income taxes Amounts reclassified from accumulated other comprehensive income, net of taxes $ 6,032 $ 5,026 $ 24,852 $ 12,561 Derivative instrument fair market value adjustment: Foreign exchange cash flow hedges $ 1,642 $ 227 $ 3,606 $ (4,805 ) Net sales/Cost of sales** Deferred tax (484 ) (64 ) (1,062 ) 1,389 Provision for income taxes Amounts reclassified from accumulated other comprehensive income (loss), net of taxes $ 1,158 $ 163 $ 2,544 $ (3,416 ) Total reclassifications for the period $ 7,190 $ 5,189 $ 27,396 $ 9,145 * Amounts are included in the computation of net periodic benefits costs as either cost of sales or product development, selling and administrative expense as appropriate. Refer to Footnote 12, Retiree Benefits, for additional information. ** Amounts are included in either net sales or cost of sales as appropriate. Refer to Footnote 13, Derivatives, for additional information.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Jul. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table summarizes the total expected costs and the amounts incurred by segment: In thousands Underground Surface Corporate Consolidated Employee Severance and Termination Costs Total expected costs $ 12,312 $ 6,986 $ 252 $ 19,550 Amount incurred for the quarter ended July 31, 2015 $ 6,896 $ 879 $ — $ 7,775 Amount incurred for the nine months ended July 31, 2015 $ 12,312 $ 6,986 $ 252 $ 19,550 All restructuring costs are recorded in the income statement under the heading Product development, selling and administrative expense . Amounts impacting the Company's reserve for restructuring charges are as follows: In thousands Quarter Ended July 31, 2015 Nine Months Ended July 31, 2015 Employee Severance and Termination Costs Employee Severance and Termination Costs Beginning accrual $ 9,328 $ — Costs incurred 7,775 19,550 Costs paid/settled (7,963 ) (10,528 ) Effect of foreign currency translation (118 ) — Ending accrual $ 9,022 $ 9,022

Retiree Benefits (Tables)

Retiree Benefits (Tables)	9 Months Ended
	Jul. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Components of net periodic benefit cost	The components of the net periodic benefit cost associated with our pension and other postretirement plans are as follows: Pension Benefits Postretirement Benefits Quarter Ended Quarter Ended In thousands July 31, August 1, July 31, August 1, Service cost $ 1,036 $ 1,634 $ 204 $ 195 Interest cost 18,344 22,511 291 315 Expected return on assets (25,108 ) (27,348 ) (156 ) (121 ) Amortization of: Prior service cost 17 148 33 33 Actuarial loss (gain) 5,973 5,703 (206 ) (159 ) Curtailment charge — 7,838 — — Settlement charge 2,323 — — — Net periodic benefit cost $ 2,585 $ 10,486 $ 166 $ 263 Pension Benefits Postretirement Benefits Nine Months Ended Nine Months Ended In thousands July 31, August 1, July 31, August 1, Service cost $ 2,989 $ 4,672 $ 613 $ 714 Interest cost 57,690 63,810 872 959 Expected return on assets (78,698 ) (79,747 ) (468 ) (415 ) Amortization of: Prior service cost 52 440 99 99 Actuarial loss (gain) 18,524 16,562 (619 ) (611 ) Curtailment charge — 7,838 — — Settlement charge 15,229 — — — Net periodic benefit cost $ 15,786 $ 13,575 $ 497 $ 746

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Jul. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of cash flow hedges on the Condensed Consolidated Financial Statements	The following table summarizes the effect of cash flow hedges on the Condensed Consolidated Financial Statements: In thousands Effective Portion Amount of (Loss) Gain Recognized in Other Comprehensive Income (Loss) Gain Reclassified from Accumulated Other Comprehensive Income into Earnings Derivative Hedging Relationship Location Amount Foreign currency forward contracts Quarter ended July 31, 2015 $ 2,807 Cost of sales $ (1,642 ) Sales — Nine months ended July 31, 2015 $ 5,911 Cost of sales $ (3,606 ) Sales — Quarter ended August 1, 2014 $ 363 Cost of sales $ (267 ) Sales 40 Nine months ended August 1, 2014 $ 5,007 Cost of sales $ 4,586 Sales 219

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share: Quarter Ended Nine Months Ended In thousands, except per share amounts July 31, August 1, July 31, August 1, Numerator: Net income $ 44,885 $ 71,289 $ 107,192 $ 194,101 Denominator: Weighted average shares outstanding 97,480 99,856 97,481 100,666 Dilutive effect of stock options, performance shares and restricted stock units 553 882 571 870 Weighted average shares outstanding assuming dilution 98,033 100,738 98,052 101,536 Basic earnings per share $ 0.46 $ 0.71 $ 1.10 $ 1.93 Diluted earnings per share $ 0.46 $ 0.71 $ 1.09 $ 1.91

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair value measurements	The following tables present the fair value hierarchy for those assets and liabilities measured at fair value and disclose the fair value of long-term obligations recorded at cost as of July 31, 2015 and October 31, 2014 . As of July 31, 2015 and October 31, 2014 , we did not have any Level 3 assets or liabilities. Fair Value Measurements as of July 31, 2015 In thousands Carrying Value Total Fair Value Level 1 Level 2 Current Assets Cash equivalents $ 5,141 $ 5,141 $ 5,141 $ — Other Current Assets Derivatives $ 16,246 $ 16,246 $ — $ 16,246 Other Accrued Liabilities Derivatives $ 7,546 $ 7,546 $ — $ 7,546 Long-term Obligations Including Amounts due within One Year Term Loan due 2019 $ 375,000 $ 375,098 $ — $ 375,098 6.0% Senior Notes due 2016 $ 249,446 $ 263,440 $ — $ 263,440 5.125% Senior Notes due 2021 $ 497,097 $ 514,570 $ — $ 514,570 6.625% Senior Notes due 2036 $ 148,545 $ 159,760 $ — $ 159,760 Fair Value Measurements as of October 31, 2014 In thousands Carrying Value Total Fair Value Level 1 Level 2 Current Assets Cash equivalents $ 20,776 $ 20,776 $ 20,776 $ — Other Current Assets Derivatives $ 2,820 $ 2,820 $ — $ 2,820 Other Accrued Liabilities Derivatives $ 7,294 $ 7,294 $ — $ 7,294 Long-term Obligations Including Amounts due within One Year Term Loan due 2019 $ 375,000 $ 379,108 $ — $ 379,108 6.0% Senior Notes due 2016 $ 249,131 $ 272,025 $ — $ 272,025 5.125% Senior Notes due 2021 $ 496,806 $ 547,000 $ — $ 547,000 6.625% Senior Notes due 2036 $ 148,522 $ 181,095 $ — $ 181,095

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment reporting information	In thousands Underground Surface Corporate Eliminations Total Quarter ended July 31, 2015 Net sales $ 453,302 $ 362,559 $ — $ (23,678 ) $ 792,183 Operating income (loss) $ 33,967 $ 57,319 $ (12,542 ) $ (5,380 ) $ 73,364 Interest income — — 2,543 — 2,543 Interest expense — — (16,219 ) — (16,219 ) Income (loss) before income taxes $ 33,967 $ 57,319 $ (26,218 ) $ (5,380 ) $ 59,688 Depreciation and amortization $ 22,826 $ 13,726 $ 186 $ — $ 36,738 Capital expenditures $ 10,628 $ 7,398 $ — $ — $ 18,026 Quarter ended August 1, 2014 Net sales $ 470,747 $ 435,186 $ — $ (30,272 ) $ 875,661 Operating income (loss) $ 47,635 $ 87,269 $ (7,039 ) $ (8,574 ) $ 119,291 Interest income — — 1,707 — 1,707 Interest expense — — (16,604 ) — (16,604 ) Income (loss) before income taxes $ 47,635 $ 87,269 $ (21,936 ) $ (8,574 ) $ 104,394 Depreciation and amortization $ 18,568 $ 14,625 $ 695 $ — $ 33,888 Capital expenditures $ 12,675 $ 10,078 $ 2,011 $ — $ 24,764 In thousands Underground Surface Corporate Eliminations Total Nine months ended July 31, 2015 Net sales $ 1,261,904 $ 1,132,981 $ — $ (88,306 ) $ 2,306,579 Operating income (loss) $ 106,691 $ 142,931 $ (36,704 ) $ (20,550 ) $ 192,368 Interest income — — 8,463 — 8,463 Interest expense — — (48,368 ) — (48,368 ) Income (loss) before income taxes $ 106,691 $ 142,931 $ (76,609 ) $ (20,550 ) $ 152,463 Depreciation and amortization $ 60,538 $ 40,672 $ 1,704 $ — $ 102,914 Capital expenditures $ 24,849 $ 32,831 $ 141 $ — $ 57,821 Nine months ended August 1, 2014 Net sales $ 1,466,088 $ 1,279,507 $ — $ (100,892 ) $ 2,644,703 Operating income (loss) $ 177,773 $ 216,034 $ (35,464 ) $ (28,065 ) $ 330,278 Interest income — — 6,583 — 6,583 Interest expense — — (49,148 ) — (49,148 ) Income (loss) before income taxes $ 177,773 $ 216,034 $ (78,029 ) $ (28,065 ) $ 287,713 Depreciation and amortization $ 54,780 $ 41,834 $ 2,111 $ — $ 98,725 Capital expenditures $ 31,653 $ 33,446 $ 3,969 $ — $ 69,068

Subsidiary Guarantors (Tables)

Subsidiary Guarantors (Tables) - Subsidiary Guarantors	9 Months Ended
	Jul. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Subsidiary guarantor condensed consolidating statements of income	Condensed Consolidating Statement of Income Quarter ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 432,882 $ 608,964 $ (249,663 ) $ 792,183 Cost of sales — 322,255 446,319 (193,736 ) 574,838 Product development, selling and administrative expenses 12,499 63,209 69,507 — 145,215 Other (income) expense — 3,769 (5,003 ) — (1,234 ) Operating income (loss) (12,499 ) 43,649 98,141 (55,927 ) 73,364 Intercompany items 16,750 (30,145 ) (6,865 ) 20,260 — Interest (expense) income, net (16,068 ) 1,863 529 — (13,676 ) Income (loss) before income taxes and equity in income of subsidiaries (11,817 ) 15,367 91,805 (35,667 ) 59,688 Provision (benefit) for income taxes (8,654 ) 997 22,460 — 14,803 Equity in income of subsidiaries 48,048 21,505 — (69,553 ) — Net income $ 44,885 $ 35,875 $ 69,345 $ (105,220 ) $ 44,885 Comprehensive income $ 13,863 $ 37,066 $ 32,435 $ (69,501 ) $ 13,863 Condensed Consolidating Statement of Income Quarter ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 523,862 $ 560,533 $ (208,734 ) $ 875,661 Cost of sales — 381,527 411,714 (169,512 ) 623,729 Product development, selling and administrative expenses 7,017 49,531 80,711 — 137,259 Other (income) expense — 2,344 (6,962 ) — (4,618 ) Operating income (loss) (7,017 ) 90,460 75,070 (39,222 ) 119,291 Intercompany items 15,641 (14,897 ) (7,048 ) 6,304 — Interest (expense) income, net (15,614 ) 1,083 (366 ) — (14,897 ) Income (loss) before income taxes and equity in income of subsidiaries (6,990 ) 76,646 67,656 (32,918 ) 104,394 Provision (benefit) for income taxes (5,923 ) 32,719 6,330 (21 ) 33,105 Equity in income of subsidiaries 72,356 25,017 — (97,373 ) — Net income $ 71,289 $ 68,944 $ 61,326 $ (130,270 ) $ 71,289 Comprehensive income $ 81,683 $ 69,038 $ 80,787 $ (149,825 ) $ 81,683 Condensed Consolidating Statement of Income Nine Months ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,405,663 $ 1,611,037 $ (710,121 ) $ 2,306,579 Cost of sales — 1,032,345 1,186,093 (543,451 ) 1,674,987 Product development, selling and administrative expenses 36,503 185,949 222,119 — 444,571 Other (income) expense 68 12,863 (18,278 ) — (5,347 ) Operating income (loss) (36,571 ) 174,506 221,103 (166,670 ) 192,368 Intercompany items 50,106 (75,362 ) (35,306 ) 60,562 — Interest (expense) income, net (47,449 ) 4,999 2,545 — (39,905 ) Income (loss) before income taxes and equity in income of subsidiaries (33,914 ) 104,143 188,342 (106,108 ) 152,463 Provision (benefit) for income taxes (2,739 ) 25,488 22,522 — 45,271 Equity in income of subsidiaries 138,367 19,039 — (157,406 ) — Net income $ 107,192 $ 97,694 $ 165,820 $ (263,514 ) $ 107,192 Comprehensive (loss) income $ (10,567 ) $ 98,570 $ 32,286 $ (130,856 ) $ (10,567 ) Condensed Consolidating Statement of Income Nine Months ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,504,843 $ 1,793,900 $ (654,040 ) $ 2,644,703 Cost of sales — 1,115,516 1,301,028 (537,045 ) 1,879,499 Product development, selling and administrative expenses 35,840 184,036 224,946 — 444,822 Other (income) expense (473 ) 8,496 (17,919 ) — (9,896 ) Operating income (loss) (35,367 ) 196,795 285,845 (116,995 ) 330,278 Intercompany items 48,422 (60,625 ) (19,053 ) 31,256 — Interest (expense) income, net (47,495 ) 4,679 251 — (42,565 ) Income (loss) before income taxes and equity in income of subsidiaries (34,440 ) 140,849 267,043 (85,739 ) 287,713 Provision (benefit) for income taxes (15,855 ) 88,939 20,528 — 93,612 Equity in income of subsidiaries 212,686 105,984 — (318,670 ) — Net income $ 194,101 $ 157,894 $ 246,515 $ (404,409 ) $ 194,101 Comprehensive income $ 187,272 $ 159,288 $ 240,592 $ (399,880 ) $ 187,272
Subsidiary guarantor condensed consolidating balance sheets	Condensed Consolidating Balance Sheet As of July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 25,138 $ 2,462 $ 113,300 $ — $ 140,900 Accounts receivable, net — 246,172 599,546 (16,182 ) 829,536 Inventories — 567,371 715,576 (98,605 ) 1,184,342 Other current assets 72,794 14,776 89,649 — 177,219 Total current assets 97,932 830,781 1,518,071 (114,787 ) 2,331,997 Property, plant and equipment, net 22,152 330,105 527,909 (5,016 ) 875,150 Other assets: Other intangible assets, net — 214,724 117,745 — 332,469 Goodwill — 453,401 1,100,776 — 1,554,177 Deferred income taxes 2,841 — 71,691 — 74,532 Other non-current assets 4,095,114 2,006,794 2,540,575 (8,478,679 ) 163,804 Total other assets 4,097,955 2,674,919 3,830,787 (8,478,679 ) 2,124,982 Total assets $ 4,218,039 $ 3,835,805 $ 5,876,767 $ (8,598,482 ) $ 5,332,129 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ 14,063 $ — $ 108 $ — $ 14,171 Trade accounts payable 2,273 139,569 188,996 — 330,838 Employee compensation and benefits 4,976 31,574 46,351 — 82,901 Advance payments and progress billings — 100,566 212,373 (15,217 ) 297,722 Accrued warranties — 21,869 34,933 — 56,802 Other accrued liabilities 58,613 66,411 100,520 (13,104 ) 212,440 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 79,925 371,571 583,281 (28,321 ) 1,006,456 Long-term obligations 1,256,025 — 7 — 1,256,032 Other liabilities: Liabilities for postretirement benefits 17,849 872 — — 18,721 Accrued pension costs 117,596 8,659 9,025 — 135,280 Other non-current liabilities 2,377 7,343 161,653 — 171,373 Total other liabilities 137,822 16,874 170,678 — 325,374 Shareholders’ equity 2,744,267 3,447,360 5,122,801 (8,570,161 ) 2,744,267 Total liabilities and shareholders’ equity $ 4,218,039 $ 3,835,805 $ 5,876,767 $ (8,598,482 ) $ 5,332,129 Condensed Consolidating Balance Sheet As of October 31, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 54,874 $ 16,429 $ 198,888 $ — $ 270,191 Accounts receivable, net — 400,456 675,515 (16,262 ) 1,059,709 Inventories — 470,194 753,922 (115,808 ) 1,108,308 Other current assets 87,945 9,520 82,671 15 180,151 Total current assets 142,819 896,599 1,710,996 (132,055 ) 2,618,359 Property, plant and equipment, net 23,660 346,761 525,642 (3,623 ) 892,440 Other assets: Other intangible assets, net — 228,950 90,319 — 319,269 Goodwill — 453,374 1,063,319 — 1,516,693 Deferred income taxes 159 — 70,022 — 70,181 Other non-current assets 4,191,771 2,102,499 2,644,843 (8,759,069 ) 180,044 Total other assets 4,191,930 2,784,823 3,868,503 (8,759,069 ) 2,086,187 Total assets $ 4,358,409 $ 4,028,183 $ 6,105,141 $ (8,894,747 ) $ 5,596,986 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ — $ 11,634 $ 105 $ — $ 11,739 Trade accounts payable 3,134 215,235 177,576 — 395,945 Employee compensation and benefits 11,639 58,374 66,898 — 136,911 Advance payments and progress billings — 117,768 193,165 (24,994 ) 285,939 Accrued warranties — 17,002 50,270 — 67,272 Other accrued liabilities 94,097 54,523 124,244 (7,264 ) 265,600 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 108,870 486,118 612,258 (32,258 ) 1,174,988 Long-term obligations 1,269,459 — 82 — 1,269,541 Other liabilities: Liabilities for postretirement benefits 18,743 866 — — 19,609 Accrued pension costs 132,448 7,529 4,402 — 144,379 Other non-current liabilities (12,108 ) 7,780 151,800 — 147,472 Total other liabilities 139,083 16,175 156,202 — 311,460 Shareholders’ equity 2,840,997 3,525,890 5,336,599 (8,862,489 ) 2,840,997 Total liabilities and shareholders’ equity $ 4,358,409 $ 4,028,183 $ 6,105,141 $ (8,894,747 ) $ 5,596,986
Subsidiary guarantor condensed consolidating statements of cash flows	Condensed Consolidating Statement of Cash Flows Nine Months ended July 31, 2015 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidated Operating Activities: Net cash provided by operating activities $ 76,032 $ 14,882 $ 77,800 $ 168,714 Investing Activities: Acquisition of businesses, net of cash acquired — — (114,353 ) (114,353 ) Property, plant and equipment acquired (141 ) (17,429 ) (40,251 ) (57,821 ) Proceeds from sale of property, plant and equipment 942 214 2,915 4,071 Other investing activities, net (1,227 ) — 1,852 625 Net cash used by investing activities (426 ) (17,215 ) (149,837 ) (167,478 ) Financing Activities: Common stock issued 2,853 — — 2,853 Dividends paid (58,456 ) — — (58,456 ) Treasury stock purchased (50,000 ) — — (50,000 ) Repayments of short-term debt (11,634 ) 89 (11,545 ) Other financing activities, net 261 — — 261 Net cash (used) provided by financing activities (105,342 ) (11,634 ) 89 (116,887 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (13,640 ) (13,640 ) Decrease in Cash and Cash Equivalents (29,736 ) (13,967 ) (85,588 ) (129,291 ) Cash and Cash Equivalents at Beginning of Period 54,874 16,429 198,888 270,191 Cash and Cash Equivalents at End of Period $ 25,138 $ 2,462 $ 113,300 $ 140,900 Condensed Consolidating Statement of Cash Flow Nine Months ended August 1, 2014 In thousands Parent Company Subsidiary Guarantors Non-Guarantor Subsidiaries Consolidated Operating Activities: Net cash provided (used) by operating activities of continuing operations $ 194,291 $ (4,062 ) $ 108,092 $ 298,321 Net cash used by operating activities of discontinued operations — (103 ) — (103 ) Net cash provided (used) by operating activities 194,291 (4,165 ) 108,092 298,218 Investing Activities: Acquisition of businesses, net of cash acquired — — (47,058 ) (47,058 ) Property, plant and equipment acquired (3,969 ) (15,317 ) (49,782 ) (69,068 ) Proceeds from sale of property, plant and equipment — 7,124 1,758 8,882 Other investing activities, net (82 ) 232 (239 ) (89 ) Net cash used by investing activities (4,051 ) (7,961 ) (95,321 ) (107,333 ) Financing Activities: Common stock issued 10,189 — — 10,189 Dividends paid (55,334 ) — — (55,334 ) Repayments of term loan (37,500 ) — — (37,500 ) Treasury stock purchased (194,336 ) — — (194,336 ) Repayments of short-term debt — Other financing activities, net (1,099 ) (1,212 ) (8,008 ) (10,319 ) Net cash used by financing activities (278,080 ) (1,212 ) (8,008 ) (287,300 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1,252 ) (1,252 ) (Decrease) Increase in Cash and Cash Equivalents (87,840 ) (13,338 ) 3,511 (97,667 ) Cash and Cash Equivalents at Beginning of Period 122,901 20,361 262,447 405,709 Cash and Cash Equivalents at End of Period $ 35,061 $ 7,023 $ 265,958 $ 308,042

Supplemental Subsidiary Guara41

Supplemental Subsidiary Guarantors (Tables) - Supplemental Subsidiary Guarantors	9 Months Ended
	Jul. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Subsidiary guarantor condensed consolidating statements of income	Condensed Consolidating Statement of Income Quarter ended July 31, 2015 In thousands Parent Company Supplemental Subsidiary Guarantors Supplemental Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 430,840 $ 611,006 $ (249,663 ) $ 792,183 Cost of sales — 320,352 448,222 (193,736 ) 574,838 Product development, selling and administrative expenses 12,499 63,209 69,507 — 145,215 Other (income) expense — 3,771 (5,005 ) — (1,234 ) Operating income (loss) (12,499 ) 43,508 98,282 (55,927 ) 73,364 Intercompany items 16,750 (30,145 ) (6,865 ) 20,260 — Interest (expense) income, net (16,068 ) 1,907 485 — (13,676 ) Income (loss) before income taxes and equity in income of subsidiaries (11,817 ) 15,270 91,902 (35,667 ) 59,688 Provision (benefit) for income taxes (8,654 ) 997 22,460 — 14,803 Equity in income of subsidiaries 48,048 21,602 — (69,650 ) — Net income $ 44,885 $ 35,875 $ 69,442 $ (105,317 ) $ 44,885 Comprehensive income $ 13,863 $ 37,066 $ 32,532 $ (69,598 ) $ 13,863 Condensed Consolidating Statement of Income Quarter ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 520,247 $ 564,148 $ (208,734 ) $ 875,661 Cost of sales — 378,457 414,784 (169,512 ) 623,729 Product development, selling and administrative expenses 7,017 49,337 80,905 — 137,259 Other (income) expense — 2,350 (6,968 ) — (4,618 ) Operating income (loss) (7,017 ) 90,103 75,427 (39,222 ) 119,291 Intercompany items 15,641 (14,897 ) (7,048 ) 6,304 — Interest (expense) income, net (15,614 ) 1,055 (338 ) — (14,897 ) Income (loss) before income taxes and equity in income of subsidiaries (6,990 ) 76,261 68,041 (32,918 ) 104,394 Provision (benefit) for income taxes (5,923 ) 32,720 6,329 (21 ) 33,105 Equity in income of subsidiaries 72,356 25,017 — (97,373 ) — Net income $ 71,289 $ 68,558 $ 61,712 $ (130,270 ) $ 71,289 Comprehensive income $ 81,683 $ 68,652 $ 81,173 $ (149,825 ) $ 81,683 Condensed Consolidating Statement of Income Nine Months ended July 31, 2015 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 1,400,258 $ 1,616,442 $ (710,121 ) $ 2,306,579 Cost of sales — 1,026,939 1,191,499 (543,451 ) 1,674,987 Product development, selling and administrative expenses 36,503 185,949 222,119 — 444,571 Other (income) expense 68 12,872 (18,287 ) — (5,347 ) Operating income (loss) (36,571 ) 174,498 221,111 (166,670 ) 192,368 Intercompany items 50,106 (75,362 ) (35,306 ) 60,562 — Interest (expense) income, net (47,449 ) 5,242 2,302 — (39,905 ) Income (loss) before income taxes and equity in income of subsidiaries (33,914 ) 104,378 188,107 (106,108 ) 152,463 Provision (benefit) for income taxes (2,739 ) 25,502 22,508 — 45,271 Equity in income of subsidiaries 138,367 18,818 — (157,185 ) — Net income $ 107,192 $ 97,694 $ 165,599 $ (263,293 ) $ 107,192 Comprehensive (loss) income $ (10,567 ) $ 98,570 $ 32,065 $ (130,635 ) $ (10,567 ) Condensed Consolidating Statement of Income Nine Months ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated Net sales $ — $ 1,495,659 $ 1,803,084 $ (654,040 ) $ 2,644,703 Cost of sales — 1,108,173 1,308,371 (537,045 ) 1,879,499 Product development, selling and administrative expenses 35,840 183,363 225,619 — 444,822 Other (income) expense (473 ) 8,890 (18,313 ) — (9,896 ) Operating income (loss) (35,367 ) 195,233 287,407 (116,995 ) 330,278 Intercompany items 48,422 (60,625 ) (19,053 ) 31,256 — Interest (expense) income, net (47,495 ) 4,595 335 — (42,565 ) Income (loss) before income taxes and equity in income of subsidiaries (34,440 ) 139,203 268,689 (85,739 ) 287,713 Provision (benefit) for income taxes (15,855 ) 89,828 19,639 — 93,612 Equity in income of subsidiaries 212,686 105,984 — (318,670 ) — Net income $ 194,101 $ 155,359 $ 249,050 $ (404,409 ) $ 194,101 Comprehensive income $ 187,272 $ 156,753 $ 243,127 $ (399,880 ) $ 187,272
Subsidiary guarantor condensed consolidating balance sheets	Condensed Consolidating Balance Sheet As of July 31, 2015 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 25,138 $ 1,972 $ 113,790 $ — $ 140,900 Accounts receivable, net — 245,241 600,477 (16,182 ) 829,536 Inventories — 561,454 721,493 (98,605 ) 1,184,342 Other current assets 72,794 13,864 90,561 — 177,219 Total current assets 97,932 822,531 1,526,321 (114,787 ) 2,331,997 Property, plant and equipment, net 22,152 328,549 529,465 (5,016 ) 875,150 Other assets: Other intangible assets, net — 214,724 117,745 — 332,469 Goodwill — 453,401 1,100,776 — 1,554,177 Deferred income taxes 2,841 — 71,691 — 74,532 Other non-current assets 4,095,114 1,978,193 2,569,176 (8,478,679 ) 163,804 Total other assets 4,097,955 2,646,318 3,859,388 (8,478,679 ) 2,124,982 Total assets $ 4,218,039 $ 3,797,398 $ 5,915,174 $ (8,598,482 ) $ 5,332,129 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ 14,063 $ — $ 108 $ — $ 14,171 Trade accounts payable 2,273 139,552 189,013 — 330,838 Employee compensation and benefits 4,976 31,460 46,465 — 82,901 Advance payments and progress billings — 100,564 212,375 (15,217 ) 297,722 Accrued warranties — 21,869 34,933 — 56,802 Other accrued liabilities 58,613 66,386 100,545 (13,104 ) 212,440 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 79,925 371,413 583,439 (28,321 ) 1,006,456 Long-term obligations 1,256,025 — 7 — 1,256,032 Other liabilities: Liabilities for postretirement benefits 17,849 872 — — 18,721 Accrued pension costs 117,596 8,659 9,025 — 135,280 Other non-current liabilities 2,377 7,343 161,653 — 171,373 Total other liabilities 137,822 16,874 170,678 — 325,374 Shareholders’ equity 2,744,267 3,409,111 5,161,050 (8,570,161 ) 2,744,267 Total liabilities and shareholders’ equity $ 4,218,039 $ 3,797,398 $ 5,915,174 $ (8,598,482 ) $ 5,332,129 Condensed Consolidating Balance Sheet As of October 31, 2014 In thousands Parent Company Supplemental Supplemental Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 54,874 $ 16,429 $ 198,888 $ — $ 270,191 Accounts receivable, net — 391,672 684,299 (16,262 ) 1,059,709 Inventories — 470,194 753,922 (115,808 ) 1,108,308 Other current assets 87,945 9,520 82,671 15 180,151 Total current assets 142,819 887,815 1,719,780 (132,055 ) 2,618,359 Property, plant and equipment, net 23,660 345,117 527,286 (3,623 ) 892,440 Other assets: Other intangible assets, net — 228,950 90,319 — 319,269 Goodwill — 453,374 1,063,319 — 1,516,693 Deferred income taxes 159 — 70,022 — 70,181 Other non-current assets 4,191,771 2,106,760 2,640,582 (8,759,069 ) 180,044 Total other assets 4,191,930 2,789,084 3,864,242 (8,759,069 ) 2,086,187 Total assets $ 4,358,409 $ 4,022,016 $ 6,111,308 $ (8,894,747 ) $ 5,596,986 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings, including current portion of long-term obligations $ — $ 11,634 $ 105 $ — $ 11,739 Trade accounts payable 3,134 214,603 178,208 — 395,945 Employee compensation and benefits 11,639 58,374 66,898 — 136,911 Advance payments and progress billings — 117,768 193,165 (24,994 ) 285,939 Accrued warranties — 17,002 50,270 — 67,272 Other accrued liabilities 94,097 54,523 124,244 (7,264 ) 265,600 Current liabilities of discontinued operations — 11,582 — — 11,582 Total current liabilities 108,870 485,486 612,890 (32,258 ) 1,174,988 Long-term obligations 1,269,459 — 82 — 1,269,541 Other liabilities: Liabilities for postretirement benefits 18,743 866 — — 19,609 Accrued pension costs 132,448 7,529 4,402 — 144,379 Other non-current liabilities (12,108 ) 7,780 151,800 — 147,472 Total other liabilities 139,083 16,175 156,202 — 311,460 Shareholders’ equity 2,840,997 3,520,355 5,342,134 (8,862,489 ) 2,840,997 Total liabilities and shareholders’ equity $ 4,358,409 $ 4,022,016 $ 6,111,308 $ (8,894,747 ) $ 5,596,986
Subsidiary guarantor condensed consolidating statements of cash flows	Condensed Consolidating Statement of Cash Flows Nine Months ended July 31, 2015 In thousands Parent Company Supplemental Supplemental Consolidated Operating Activities: Net cash provided by operating activities $ 76,032 $ 14,392 $ 78,290 $ 168,714 Investing Activities: Acquisition of businesses, net of cash acquired — — (114,353 ) (114,353 ) Property, plant and equipment acquired (141 ) (17,429 ) (40,251 ) (57,821 ) Proceeds from sale of property, plant and equipment 942 214 2,915 4,071 Other investing activities, net (1,227 ) — 1,852 625 Net cash used by investing activities (426 ) (17,215 ) (149,837 ) (167,478 ) Financing Activities: Common stock issued 2,853 — — 2,853 Dividends paid (58,456 ) — — (58,456 ) Treasury stock purchased (50,000 ) — — (50,000 ) Repayments of short-term debt (11,634 ) 89 (11,545 ) Other financing activities, net 261 — — 261 Net cash (used) provided by financing activities (105,342 ) (11,634 ) 89 (116,887 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (13,640 ) (13,640 ) (Decrease) Increase in Cash and Cash Equivalents (29,736 ) (14,457 ) (85,098 ) (129,291 ) Cash and Cash Equivalents at Beginning of Period 54,874 16,429 198,888 270,191 Cash and Cash Equivalents at End of Period $ 25,138 $ 1,972 $ 113,790 $ 140,900 Condensed Consolidating Statement of Cash Flows Nine Months ended August 1, 2014 In thousands Parent Company Supplemental Supplemental Consolidated Operating Activities: Net cash provided (used) by operating activities of continuing operations $ 194,291 $ (4,062 ) $ 108,092 $ 298,321 Net cash used by operating activities of discontinued operations — (103 ) — (103 ) Net cash provided (used) by operating activities 194,291 (4,165 ) 108,092 298,218 Investing Activities: Acquisition of businesses, net of cash acquired — — (47,058 ) (47,058 ) Property, plant and equipment acquired (3,969 ) (15,317 ) (49,782 ) (69,068 ) Proceeds from sale of property, plant and equipment — 7,124 1,758 8,882 Other investing activities, net (82 ) 232 (239 ) (89 ) Net cash used by investing activities (4,051 ) (7,961 ) (95,321 ) (107,333 ) Financing Activities: Common stock issued 10,189 — — 10,189 Dividends paid (55,334 ) — — (55,334 ) Repayments of term loan (37,500 ) — — (37,500 ) Treasury stock purchased (194,336 ) — — (194,336 ) Repayments of short term debt — Other financing activities, net (1,099 ) (1,212 ) (8,008 ) (10,319 ) Net cash used by financing activities (278,080 ) (1,212 ) (8,008 ) (287,300 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1,252 ) (1,252 ) (Decrease) Increase in Cash and Cash Equivalents (87,840 ) (13,338 ) 3,511 (97,667 ) Cash and Cash Equivalents at Beginning of Period 122,901 20,361 262,447 405,709 Cash and Cash Equivalents at End of Period $ 35,061 $ 7,023 $ 265,958 $ 308,042

Description of Business (Detail

Description of Business (Details)	9 Months Ended
	Jul. 31, 2015Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments	2

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jun. 01, 2015	May. 30, 2014	Jul. 31, 2015	Aug. 01, 2014
Payments to Acquire Businesses, Gross			$ 114,353	$ 47,058
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 7,100
Mining Technologies, Inc.
Payments to Acquire Businesses, Gross		$ 44,400
Goodwill acquired		300
Intangible assets acquired		$ 9,900
Montabert S.A.S.
Payments to Acquire Businesses, Gross	121,500
Goodwill acquired	55,700
Intangible assets acquired	$ 35,100

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 886,939	$ 835,227
Work in process	225,537	203,805
Raw materials	71,866	69,276
Total inventories	$ 1,184,342	$ 1,108,308

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Changes in the product warranty reserve
Balance, beginning of period			$ 67,272	$ 85,732
Accrual for warranty expensed during the period	$ 7,701	$ 7,138	26,554	23,801
Settlements made during the period	(9,933)	(17,357)	(36,320)	(46,533)
Effect of foreign currency translation	(359)	56	(1,903)	439
Acquired warranty accrual	1,199	246	1,199	246
Balance, end of period	$ 56,802	$ 63,685	$ 56,802	$ 63,685

Borrowings and Credit Facilit46

Borrowings and Credit Facilities (Details Textual) - USD ($)	Jul. 29, 2014	Oct. 12, 2011	Nov. 01, 2006	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014	Oct. 31, 2014	Oct. 12, 2012	Jun. 16, 2011
Line of Credit Facility [Line Items]
Interest expense recognized for direct borrowings under the Credit Agreement				$ 16,219,000	$ 16,604,000	$ 48,368,000	$ 49,148,000
Prior Term Loan [Member]
Line of Credit Facility [Line Items]
Principal amount										$ 500,000,000
Term Loan due 2019
Line of Credit Facility [Line Items]
Principal amount	$ 375,000,000
Term loan outstanding	375,000,000
6.0% Senior Notes due 2016
Line of Credit Facility [Line Items]
Principal amount			$ 250,000,000
Interest rate			6.00%	6.00%		6.00%		6.00%
Percentage of principal amount of notes to be redeemed at company's option			100.00%
5.125% Senior Notes due 2021
Line of Credit Facility [Line Items]
Principal amount		$ 500,000,000
Interest rate		5.125%		5.125%		5.125%		5.125%
Discount on note payable		$ 4,200,000
Percentage of principal amount of notes to be redeemed at company's option		100.00%
6.625% Senior Notes due 2036
Line of Credit Facility [Line Items]
Principal amount			$ 150,000,000
Interest rate			6.625%	6.625%		6.625%		6.625%
Percentage of principal amount of notes to be redeemed at company's option			100.00%
Treasury Rate | 6.0% Senior Notes due 2016
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.30%
Treasury Rate | 5.125% Senior Notes due 2021
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.50%
Treasury Rate | 6.625% Senior Notes due 2036
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.375%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Unsecured revolving credit facility (Credit Agreement) maximum borrowing capacity	1,000,000,000								$ 1,000,000,000
Line of credit additional borrowing capacity	$ 250,000,000
Line of credit amount outstanding				$ 0		$ 0
Interest expense recognized for direct borrowings under the Credit Agreement				400,000	$ 100,000	900,000	$ 100,000
Letters of credit outstanding				143,200,000		143,200,000
Available borrowing capacity				$ 856,800,000		$ 856,800,000
Revolving Credit Facility | Eurodollar Interest Period One
Line of Credit Facility [Line Items]
Interest period	7 days
Revolving Credit Facility | Eurodollar Interest Period Two
Line of Credit Facility [Line Items]
Interest period	1 month
Revolving Credit Facility | Eurodollar Interest Period Three
Line of Credit Facility [Line Items]
Interest period	2 months
Revolving Credit Facility | Eurodollar Interest Period Four
Line of Credit Facility [Line Items]
Interest period	3 months
Revolving Credit Facility | Eurodollar Interest Period Five
Line of Credit Facility [Line Items]
Interest period	6 months
Revolving Credit Facility | Eurodollar Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility | Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Line of credit commitment fee percentage on unused capacity	0.09%
Revolving Credit Facility | Minimum | Eurodollar Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Line of credit commitment fee percentage on unused capacity	0.30%
Revolving Credit Facility | Maximum | Eurodollar Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%

Borrowings and Credit Facilit47

Borrowings and Credit Facilities (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Direct borrowings and capital lease obligations
Total obligations	$ 1,270,203	$ 1,281,280
Less: Amounts due within one year	(14,171)	(11,739)
Long-term obligations	1,256,032	1,269,541
Term Loan due 2019
Direct borrowings and capital lease obligations
Total obligations	375,000	375,000
6.0% Senior Notes due 2016
Direct borrowings and capital lease obligations
Total obligations	249,446	249,131
5.125% Senior Notes due 2021
Direct borrowings and capital lease obligations
Total obligations	497,097	496,806
6.625% Senior Notes due 2036
Direct borrowings and capital lease obligations
Total obligations	148,545	148,522
Other borrowings
Direct borrowings and capital lease obligations
Total obligations	0	11,634
Capital leases
Direct borrowings and capital lease obligations
Total obligations	$ 115	$ 187

Accumulated Other Comprehensi48

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Changes in Accumulated Other Comprehensive (Loss) Income:
Beginning balance		$ (622,019)	$ (524,857)	$ (535,282)	$ (507,634)
Other comprehensive (loss) income before reclassifications, net of taxes		(38,212)	5,205	(145,155)	(15,974)
Amounts reclassified from accumulated other comprehensive income, net of taxes		7,190	5,189	27,396	9,145
Total other comprehensive (loss) income, net of taxes		(31,022)	10,394	(117,759)	(6,829)
Ending balance		(653,041)	(514,463)	(653,041)	(514,463)
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Deferred tax		(14,803)	(33,105)	(45,271)	(93,612)
Net income		44,885	71,289	107,192	194,101
Change in Unrecognized Pension and Other Postretirement Obligations
Changes in Accumulated Other Comprehensive (Loss) Income:
Beginning balance		(517,623)	(532,587)	(529,316)	(540,122)
Other comprehensive (loss) income before reclassifications, net of taxes		(25)	(15,202)	(7,152)	(15,202)
Amounts reclassified from accumulated other comprehensive income, net of taxes		6,032	5,026	24,852	12,561
Total other comprehensive (loss) income, net of taxes		6,007	(10,176)	17,700	(2,641)
Ending balance		(511,616)	(542,763)	(511,616)	(542,763)
Derivative Instrument Fair Market Value Adjustment
Changes in Accumulated Other Comprehensive (Loss) Income:
Beginning balance		8,335	4,742	4,736	5,028
Other comprehensive (loss) income before reclassifications, net of taxes		1,979	262	4,192	3,555
Amounts reclassified from accumulated other comprehensive income, net of taxes		1,158	163	2,544	(3,416)
Total other comprehensive (loss) income, net of taxes		3,137	425	6,736	139
Ending balance		11,472	5,167	11,472	5,167
Foreign Currency Translation Adjustment
Changes in Accumulated Other Comprehensive (Loss) Income:
Beginning balance		(112,731)	2,988	(10,702)	27,460
Other comprehensive (loss) income before reclassifications, net of taxes		(40,166)	20,145	(142,195)	(4,327)
Amounts reclassified from accumulated other comprehensive income, net of taxes		0	0	0	0
Total other comprehensive (loss) income, net of taxes		(40,166)	20,145	(142,195)	(4,327)
Ending balance		(152,897)	23,133	(152,897)	23,133
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Net income		7,190	5,189	27,396	9,145
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income | Change in Unrecognized Pension and Other Postretirement Obligations
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Amortization of prior service cost	[1]	50	181	151	539
Amortization of net actuarial gain	[1]	5,767	5,544	17,905	15,951
Deferred tax		(2,108)	(2,281)	(8,433)	(5,511)
Net income		6,032	5,026	24,852	12,561
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income | Derivative Instrument Fair Market Value Adjustment
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Deferred tax		(484)	(64)	(1,062)	1,389
Net income		1,158	163	2,544	(3,416)
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income | Derivative Instrument Fair Market Value Adjustment | Foreign Currency Forward Contracts
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Foreign exchange cash flow hedges	[2]	1,642	227	3,606	(4,805)
Pension Plans, Defined Benefit
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Settlement charge			7,838		7,838
Pension Plans, Defined Benefit | Change in Unrecognized Pension and Other Postretirement Obligations
Reclassifications from Accumulated Other Comprehensive (Loss) Income:
Settlement charge		$ 2,323	$ 1,582	$ 15,229	$ 1,582
[1]	Amounts are included in the computation of net periodic benefits costs as either cost of sales or product development, selling and administrative expense as appropriate. Refer to Footnote 12, Retiree Benefits, for additional information.
[2]	Amounts are included in either net sales or cost of sales as appropriate. Refer to Footnote 13, Derivatives, for additional information.

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		21 Months Ended
	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014	May. 01, 2015	Aug. 01, 2013
Equity [Abstract]
Value of shares authorized to be repurchased					$ 1,000,000
Purchase of treasury stock (in shares)	1,091,602	954,580	3,488,312	9,771,605
Purchase of treasury stock	$ 64,800			$ 533,400
Treasury stock purchased		$ (50,000)	$ (194,336)
Remaining shares available under repurchase program		$ 466,600

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 7,900	$ (2,000)	$ 23,846	$ 11,204
Deferred tax asset related to the share-based compensation expense	$ 2,100	$ 100	$ 6,200	$ 3,000

Restructuring Charges - Restruc

Restructuring Charges - Restructuring Reserve Activity (Details) - USD ($)	3 Months Ended		9 Months Ended	12 Months Ended
	Oct. 30, 2015	Jul. 31, 2015	Jul. 31, 2015	Oct. 30, 2015
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		$ 19,550,000	$ 19,550,000
Restructuring Reserve [Roll Forward]
Beginning accrual	$ 9,022,000	9,328,000	0	$ 0
Costs incurred		7,775,000	19,550,000
Costs paid/settled		(7,963,000)	(10,528,000)
Effect of foreign currency translation		(118,000)	0
Ending accrual		9,022,000	9,022,000
Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs	2,300,000			9,400,000
Restructuring and Related Cost, Accelerated Depreciation				6,300,000
Severance Costs	4,000,000			24,000,000
Minimum | Scenario, Forecast [Member]
Restructuring Reserve [Roll Forward]
Costs incurred	10,000,000			30,000,000
Maximum | Scenario, Forecast [Member]
Restructuring Reserve [Roll Forward]
Costs incurred	$ 20,000,000			$ 40,000,000
Underground Mining Machinery [Member] | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		12,312,000	12,312,000
Restructuring Reserve [Roll Forward]
Costs incurred		6,896,000	12,312,000
Surface Mining Equipment [Member] | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		6,986,000	6,986,000
Restructuring Reserve [Roll Forward]
Costs incurred		879,000	6,986,000
Corporate Segment [Member] | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		252,000	252,000
Restructuring Reserve [Roll Forward]
Costs incurred		$ 0	$ 252,000

Retiree Benefits (Details)

Retiree Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Pension Plans, Defined Benefit
Components of net periodic benefit cost
Service cost	$ 1,036	$ 1,634	$ 2,989	$ 4,672
Interest cost	18,344	22,511	57,690	63,810
Expected return on assets	(25,108)	(27,348)	(78,698)	(79,747)
Amortization of:
Prior service cost	17	148	52	440
Actuarial loss (gain)	5,973	5,703	18,524	16,562
Settlement charge		7,838		7,838
Net periodic benefit cost	2,585	10,486	15,786	13,575
Postretirement Benefits
Components of net periodic benefit cost
Service cost	204	195	613	714
Interest cost	291	315	872	959
Expected return on assets	(156)	(121)	(468)	(415)
Amortization of:
Prior service cost	33	33	99	99
Actuarial loss (gain)	(206)	(159)	(619)	(611)
Net periodic benefit cost	$ 166	$ 263	$ 497	$ 746

Retiree Benefits (Details Textu

Retiree Benefits (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Pension contributions		$ 12,106	$ 5,760
Pension Plans, Defined Benefit
Pension contributions		12,100
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	$ (7,838)		$ (7,838)
Maximum | Pension Plans, Defined Benefit
Estimated employer contributions to defined benefit plan in current fiscal year		$ 15,000

Derivatives (Details Textual)

Derivatives (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on foreign currency cash flow hedge ineffectiveness	$ (100,000)		$ (100,000)	$ 100,000
Gain (loss) on foreign currency forward contracts designated and qualifying as fair value hedges	1,400,000	$ 100,000	1,000,000	(700,000)
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ 9,800,000	$ 100,000	$ 18,000,000	$ 2,700,000

Derivatives (Details)

Derivatives (Details) - Cash Flow Hedges - Foreign Currency Forward Contracts - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion amount of gain/(loss) recognized in OCI	$ 2,807	$ 363	$ 5,911	$ 5,007
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion gain (loss) reclassified from AOCI into earnings	(1,642)	(267)	(3,606)	4,586
Sales
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion gain (loss) reclassified from AOCI into earnings	$ 0	$ 40	$ 0	$ 219

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Numerator:
Net income	$ 44,885	$ 71,289	$ 107,192	$ 194,101
Denominator:
Weighted average shares outstanding (in shares)	97,480	99,856	97,481	100,666
Dilutive effect of stock options, performance shares and restricted stock units (in shares)	553	882	571	870
Weighted average shares outstanding assuming dilution (in shares)	98,033	100,738	98,052	101,536
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.71	$ 1.10	$ 1.93
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.71	$ 1.09	$ 1.91

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Earnings Per Share [Abstract]
Weighted average shares excluded from the calculations of diluted earnings per share	2.7	1.7	2.6	1.8

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014	Oct. 12, 2011	Nov. 01, 2006
Level 1
Current Assets
Cash equivalents	$ 5,141	$ 20,776
Other Current Assets
Derivatives	0	0
Other Accrued Liabilities
Derivatives	0	0
Level 2
Current Assets
Cash equivalents	0	0
Other Current Assets
Derivatives	16,246	2,820
Other Accrued Liabilities
Derivatives	7,546	7,294
Term Loan due 2019 | Level 1
Long-term Obligations Including Amounts due within One Year
Long-term debt	0	0
Term Loan due 2019 | Level 2
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 375,098	$ 379,108
6.0% Senior Notes due 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.00%	6.00%		6.00%
6.0% Senior Notes due 2016 | Level 1
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 0	$ 0
6.0% Senior Notes due 2016 | Level 2
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 263,440	$ 272,025
5.125% Senior Notes due 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.125%	5.125%	5.125%
5.125% Senior Notes due 2021 | Level 1
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 0	$ 0
5.125% Senior Notes due 2021 | Level 2
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 514,570	$ 547,000
6.625% Senior Notes due 2036
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.625%	6.625%		6.625%
6.625% Senior Notes due 2036 | Level 1
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 0	$ 0
6.625% Senior Notes due 2036 | Level 2
Long-term Obligations Including Amounts due within One Year
Long-term debt	159,760	181,095
Carrying Value
Current Assets
Cash equivalents	5,141	20,776
Other Current Assets
Derivatives	16,246	2,820
Other Accrued Liabilities
Derivatives	7,546	7,294
Carrying Value | Term Loan due 2019
Long-term Obligations Including Amounts due within One Year
Long-term debt	375,000	375,000
Carrying Value | 6.0% Senior Notes due 2016
Long-term Obligations Including Amounts due within One Year
Long-term debt	249,446	249,131
Carrying Value | 5.125% Senior Notes due 2021
Long-term Obligations Including Amounts due within One Year
Long-term debt	497,097	496,806
Carrying Value | 6.625% Senior Notes due 2036
Long-term Obligations Including Amounts due within One Year
Long-term debt	148,545	148,522
Total Fair Value
Current Assets
Cash equivalents	5,141	20,776
Other Current Assets
Derivatives	16,246	2,820
Other Accrued Liabilities
Derivatives	7,546	7,294
Total Fair Value | Term Loan due 2019
Long-term Obligations Including Amounts due within One Year
Long-term debt	375,098	379,108
Total Fair Value | 6.0% Senior Notes due 2016
Long-term Obligations Including Amounts due within One Year
Long-term debt	263,440	272,025
Total Fair Value | 5.125% Senior Notes due 2021
Long-term Obligations Including Amounts due within One Year
Long-term debt	514,570	547,000
Total Fair Value | 6.625% Senior Notes due 2036
Long-term Obligations Including Amounts due within One Year
Long-term debt	$ 159,760	$ 181,095

Contingent Liabilities (Details

Contingent Liabilities (Details) - Jul. 31, 2015 $ in Millions	USD ($)case
Loss Contingencies [Line Items]
Contingent liability	$ 172
Surety Bond
Loss Contingencies [Line Items]
Contingent liability	27.7
Other Guarantees
Loss Contingencies [Line Items]
Contingent liability	$ 1.1
Damages from Product Defects
Loss Contingencies [Line Items]
Number of unresolved asbestos and silica-related product liability cases | case	3,400

Segment Information (Details Te

Segment Information (Details Textual)	3 Months Ended
	Jul. 31, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014
Schedule of segment reporting information
Net sales	$ 792,183	$ 875,661	$ 2,306,579	$ 2,644,703
Operating income (loss)	73,364	119,291	192,368	330,278
Interest income	2,543	1,707	8,463	6,583
Interest expense	(16,219)	(16,604)	(48,368)	(49,148)
Income (loss) before income taxes	59,688	104,394	152,463	287,713
Depreciation and amortization	36,738	33,888	102,914	98,725
Capital expenditures	18,026	24,764	57,821	69,068
Underground
Schedule of segment reporting information
Net sales	453,302	470,747	1,261,904	1,466,088
Operating income (loss)	33,967	47,635	106,691	177,773
Interest income	0	0	0	0
Interest expense	0	0	0	0
Income (loss) before income taxes	33,967	47,635	106,691	177,773
Depreciation and amortization	22,826	18,568	60,538	54,780
Capital expenditures	10,628	12,675	24,849	31,653
Surface
Schedule of segment reporting information
Net sales	362,559	435,186	1,132,981	1,279,507
Operating income (loss)	57,319	87,269	142,931	216,034
Interest income	0	0	0	0
Interest expense	0	0	0	0
Income (loss) before income taxes	57,319	87,269	142,931	216,034
Depreciation and amortization	13,726	14,625	40,672	41,834
Capital expenditures	7,398	10,078	32,831	33,446
Corporate
Schedule of segment reporting information
Net sales	0	0	0	0
Operating income (loss)	(12,542)	(7,039)	(36,704)	(35,464)
Interest income	2,543	1,707	8,463	6,583
Interest expense	(16,219)	(16,604)	(48,368)	(49,148)
Income (loss) before income taxes	(26,218)	(21,936)	(76,609)	(78,029)
Depreciation and amortization	186	695	1,704	2,111
Capital expenditures	0	2,011	141	3,969
Eliminations
Schedule of segment reporting information
Net sales	(23,678)	(30,272)	(88,306)	(100,892)
Operating income (loss)	(5,380)	(8,574)	(20,550)	(28,065)
Interest income	0	0	0	0
Interest expense	0	0	0	0
Income (loss) before income taxes	(5,380)	(8,574)	(20,550)	(28,065)
Depreciation and amortization	0	0	0	0
Capital expenditures	$ 0	$ 0	$ 0	$ 0

Subsidiary Guarantors (Details)

Subsidiary Guarantors (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014	Jan. 30, 2015	Oct. 31, 2014	Jan. 31, 2014	Oct. 25, 2013
Condensed Consolidating Statement of Income
Net sales	$ 792,183	$ 875,661	$ 2,306,579	$ 2,644,703
Cost of sales	574,838	623,729	1,674,987	1,879,499
Product development, selling and administrative expenses	145,215	137,259	444,571	444,822
Other (income) expense, net	(1,234)	(4,618)	(5,347)	(9,896)
Operating income	73,364	119,291	192,368	330,278
Income before income taxes	59,688	104,394	152,463	287,713
Provision (benefit) for income taxes	14,803	33,105	45,271	93,612
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	140,900	308,042	270,191	405,709		$ 270,191		$ 405,709
Accounts receivable, net	829,536					1,059,709
Inventories	1,184,342					1,108,308
Other current assets	177,219					180,151
Total current assets	2,331,997					2,618,359
Property, plant and equipment, net	875,150					892,440
Other assets:
Other intangible assets, net	332,469					319,269
Goodwill	1,554,177					1,516,693
Deferred income taxes	74,532					70,181
Other non-current assets	163,804					180,044
Total other assets	2,124,982					2,086,187
Total assets	5,332,129					5,596,986
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,171					11,739
Trade accounts payable	330,838					395,945
Employee compensation and benefits	82,901					136,911
Advance payments and progress billings	297,722					285,939
Accrued warranties	56,802	63,685			$ 58,194	67,272	$ 73,602	85,732
Other accrued liabilities	212,440					265,600
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	1,006,456					1,174,988
Long-term obligations	1,256,032					1,269,541
Other liabilities:
Liabilities for postretirement benefits	18,721					19,609
Accrued pension costs	135,280					144,379
Other non-current liabilities	171,373					147,472
Total other liabilities	325,374					311,460
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	5,332,129					5,596,986
Operating Activities:
Net cash provided (used) by operating activities of continuing operations			168,714	298,321
Net cash provided (used) by operating activities of discontinued operations			0	(103)
Net cash provided by operating activities			168,714	298,218
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired	(18,026)	(24,764)	(57,821)	(69,068)
Proceeds from sale of property, plant and equipment			4,071	8,882
Other investing activities, net			625	(89)
Net cash used by investing activities			(167,478)	(107,333)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan			0	(37,500)
Treasury stock purchased			(50,000)	(194,336)
Repayments of short term debt			(11,545)
Other financing activities, net			261	(10,319)
Net cash used by financing activities			(116,887)	(287,300)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(129,291)	(97,667)
Cash and Cash Equivalents at Beginning of Period			270,191	405,709
Cash and Cash Equivalents at End of Period	140,900	308,042	140,900	308,042
Parent Company
Condensed Consolidating Statement of Income
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Product development, selling and administrative expenses	12,499	7,017	36,503	35,840
Other (income) expense, net	0	0	68	(473)
Operating income	(12,499)	(7,017)	(36,571)	(35,367)
Intercompany items	16,750	15,641	50,106	48,422
Interest (expense) income, net	(16,068)	(15,614)	(47,449)	(47,495)
Income before income taxes	(11,817)	(6,990)	(33,914)	(34,440)
Provision (benefit) for income taxes	(8,654)	(5,923)	(2,739)	(15,855)
Equity in income of subsidiaries	48,048	72,356	138,367	212,686
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	25,138	35,061	54,874	122,901		54,874		122,901
Accounts receivable, net	0					0
Inventories	0					0
Other current assets	72,794					87,945
Total current assets	97,932					142,819
Property, plant and equipment, net	22,152					23,660
Other assets:
Other intangible assets, net	0					0
Goodwill	0					0
Deferred income taxes	2,841					159
Other non-current assets	4,095,114					4,191,771
Total other assets	4,097,955					4,191,930
Total assets	4,218,039					4,358,409
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,063					0
Trade accounts payable	2,273					3,134
Employee compensation and benefits	4,976					11,639
Advance payments and progress billings	0					0
Accrued warranties	0					0
Other accrued liabilities	58,613					94,097
Current liabilities of discontinued operations	0					0
Total current liabilities	79,925					108,870
Long-term obligations	1,256,025					1,269,459
Other liabilities:
Liabilities for postretirement benefits	17,849					18,743
Accrued pension costs	117,596					132,448
Other non-current liabilities	2,377					(12,108)
Total other liabilities	137,822					139,083
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	4,218,039					4,358,409
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				194,291
Net cash provided (used) by operating activities of discontinued operations				0
Net cash provided by operating activities			76,032	194,291
Investing Activities:
Acquisition of businesses, net of cash acquired			0	0
Property, plant and equipment acquired			(141)	(3,969)
Proceeds from sale of property, plant and equipment			942	0
Other investing activities, net			(1,227)	(82)
Net cash used by investing activities			(426)	(4,051)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan				(37,500)
Treasury stock purchased			(50,000)	(194,336)
Other financing activities, net			261	(1,099)
Net cash used by financing activities			(105,342)	(278,080)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Decrease in Cash and Cash Equivalents			(29,736)	(87,840)
Cash and Cash Equivalents at Beginning of Period			54,874	122,901
Cash and Cash Equivalents at End of Period	25,138	35,061	25,138	35,061
Subsidiary Guarantors
Condensed Consolidating Statement of Income
Net sales	432,882	523,862	1,405,663	1,504,843
Cost of sales	322,255	381,527	1,032,345	1,115,516
Product development, selling and administrative expenses	63,209	49,531	185,949	184,036
Other (income) expense, net	3,769	2,344	12,863	8,496
Operating income	43,649	90,460	174,506	196,795
Intercompany items	(30,145)	(14,897)	(75,362)	(60,625)
Interest (expense) income, net	1,863	1,083	4,999	4,679
Income before income taxes	15,367	76,646	104,143	140,849
Provision (benefit) for income taxes	997	32,719	25,488	88,939
Equity in income of subsidiaries	21,505	25,017	19,039	105,984
Net income	35,875	68,944	97,694	157,894
Comprehensive income	37,066	69,038	98,570	159,288
Current assets:
Cash and cash equivalents	2,462	7,023	16,429	20,361		16,429		20,361
Accounts receivable, net	246,172					400,456
Inventories	567,371					470,194
Other current assets	14,776					9,520
Total current assets	830,781					896,599
Property, plant and equipment, net	330,105					346,761
Other assets:
Other intangible assets, net	214,724					228,950
Goodwill	453,401					453,374
Deferred income taxes	0					0
Other non-current assets	2,006,794					2,102,499
Total other assets	2,674,919					2,784,823
Total assets	3,835,805					4,028,183
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	0					11,634
Trade accounts payable	139,569					215,235
Employee compensation and benefits	31,574					58,374
Advance payments and progress billings	100,566					117,768
Accrued warranties	21,869					17,002
Other accrued liabilities	66,411					54,523
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	371,571					486,118
Long-term obligations	0					0
Other liabilities:
Liabilities for postretirement benefits	872					866
Accrued pension costs	8,659					7,529
Other non-current liabilities	7,343					7,780
Total other liabilities	16,874					16,175
Shareholders’ equity	3,447,360					3,525,890
Total liabilities and shareholders’ equity	3,835,805					4,028,183
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				(4,062)
Net cash provided (used) by operating activities of discontinued operations				(103)
Net cash provided by operating activities			14,882	(4,165)
Investing Activities:
Acquisition of businesses, net of cash acquired			0	0
Property, plant and equipment acquired			(17,429)	(15,317)
Proceeds from sale of property, plant and equipment			214	7,124
Other investing activities, net			0	232
Net cash used by investing activities			(17,215)	(7,961)
Financing Activities:
Common stock issued			0	0
Dividends paid			0	0
Repayments of term loan				0
Treasury stock purchased			0	0
Repayments of short term debt			(11,634)
Other financing activities, net			0	(1,212)
Net cash used by financing activities			(11,634)	(1,212)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Decrease in Cash and Cash Equivalents			(13,967)	(13,338)
Cash and Cash Equivalents at Beginning of Period			16,429	20,361
Cash and Cash Equivalents at End of Period	2,462	7,023	2,462	7,023
Non-Guarantor Subsidiaries
Condensed Consolidating Statement of Income
Net sales	608,964	560,533	1,611,037	1,793,900
Cost of sales	446,319	411,714	1,186,093	1,301,028
Product development, selling and administrative expenses	69,507	80,711	222,119	224,946
Other (income) expense, net	(5,003)	(6,962)	(18,278)	(17,919)
Operating income	98,141	75,070	221,103	285,845
Intercompany items	(6,865)	(7,048)	(35,306)	(19,053)
Interest (expense) income, net	529	(366)	2,545	251
Income before income taxes	91,805	67,656	188,342	267,043
Provision (benefit) for income taxes	22,460	6,330	22,522	20,528
Equity in income of subsidiaries	0	0	0	0
Net income	69,345	61,326	165,820	246,515
Comprehensive income	32,435	80,787	32,286	240,592
Current assets:
Cash and cash equivalents	113,300	265,958	198,888	262,447		198,888		262,447
Accounts receivable, net	599,546					675,515
Inventories	715,576					753,922
Other current assets	89,649					82,671
Total current assets	1,518,071					1,710,996
Property, plant and equipment, net	527,909					525,642
Other assets:
Other intangible assets, net	117,745					90,319
Goodwill	1,100,776					1,063,319
Deferred income taxes	71,691					70,022
Other non-current assets	2,540,575					2,644,843
Total other assets	3,830,787					3,868,503
Total assets	5,876,767					6,105,141
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	108					105
Trade accounts payable	188,996					177,576
Employee compensation and benefits	46,351					66,898
Advance payments and progress billings	212,373					193,165
Accrued warranties	34,933					50,270
Other accrued liabilities	100,520					124,244
Current liabilities of discontinued operations	0					0
Total current liabilities	583,281					612,258
Long-term obligations	7					82
Other liabilities:
Liabilities for postretirement benefits	0					0
Accrued pension costs	9,025					4,402
Other non-current liabilities	161,653					151,800
Total other liabilities	170,678					156,202
Shareholders’ equity	5,122,801					5,336,599
Total liabilities and shareholders’ equity	5,876,767					6,105,141
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				108,092
Net cash provided (used) by operating activities of discontinued operations				0
Net cash provided by operating activities			77,800	108,092
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired			(40,251)	(49,782)
Proceeds from sale of property, plant and equipment			2,915	1,758
Other investing activities, net			1,852	(239)
Net cash used by investing activities			(149,837)	(95,321)
Financing Activities:
Common stock issued			0	0
Dividends paid			0	0
Repayments of term loan				0
Treasury stock purchased			0	0
Repayments of short term debt			89
Other financing activities, net			0	(8,008)
Net cash used by financing activities			89	(8,008)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(85,588)	3,511
Cash and Cash Equivalents at Beginning of Period			198,888	262,447
Cash and Cash Equivalents at End of Period	113,300	265,958	113,300	265,958
Eliminations
Condensed Consolidating Statement of Income
Net sales	(249,663)	(208,734)	(710,121)	(654,040)
Cost of sales	(193,736)	(169,512)	(543,451)	(537,045)
Product development, selling and administrative expenses	0	0	0	0
Other (income) expense, net	0	0	0	0
Operating income	(55,927)	(39,222)	(166,670)	(116,995)
Intercompany items	20,260	6,304	60,562	31,256
Interest (expense) income, net	0	0	0	0
Income before income taxes	(35,667)	(32,918)	(106,108)	(85,739)
Provision (benefit) for income taxes	0	(21)	0	0
Equity in income of subsidiaries	(69,553)	(97,373)	(157,406)	(318,670)
Net income	(105,220)	(130,270)	(263,514)	(404,409)
Comprehensive income	(69,501)	(149,825)	(130,856)	(399,880)
Current assets:
Cash and cash equivalents	0		0			0
Accounts receivable, net	(16,182)					(16,262)
Inventories	(98,605)					(115,808)
Other current assets	0					15
Total current assets	(114,787)					(132,055)
Property, plant and equipment, net	(5,016)					(3,623)
Other assets:
Other intangible assets, net	0					0
Goodwill	0					0
Deferred income taxes	0					0
Other non-current assets	(8,478,679)					(8,759,069)
Total other assets	(8,478,679)					(8,759,069)
Total assets	(8,598,482)					(8,894,747)
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	0					0
Trade accounts payable	0					0
Employee compensation and benefits	0					0
Advance payments and progress billings	(15,217)					(24,994)
Accrued warranties	0					0
Other accrued liabilities	(13,104)					(7,264)
Current liabilities of discontinued operations	0					0
Total current liabilities	(28,321)					(32,258)
Long-term obligations	0					0
Other liabilities:
Liabilities for postretirement benefits	0					0
Accrued pension costs	0					0
Other non-current liabilities	0					0
Total other liabilities	0					0
Shareholders’ equity	(8,570,161)					(8,862,489)
Total liabilities and shareholders’ equity	(8,598,482)					(8,894,747)
Financing Activities:
Cash and Cash Equivalents at Beginning of Period			0
Cash and Cash Equivalents at End of Period	0		0
Consolidated
Condensed Consolidating Statement of Income
Net sales	792,183	875,661	2,306,579	2,644,703
Cost of sales	574,838	623,729	1,674,987	1,879,499
Product development, selling and administrative expenses	145,215	137,259	444,571	444,822
Other (income) expense, net	(1,234)	(4,618)	(5,347)	(9,896)
Operating income	73,364	119,291	192,368	330,278
Intercompany items	0	0	0	0
Interest (expense) income, net	(13,676)	(14,897)	(39,905)	(42,565)
Income before income taxes	59,688	104,394	152,463	287,713
Provision (benefit) for income taxes	14,803	33,105	45,271	93,612
Equity in income of subsidiaries	0	0	0	0
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	140,900	308,042	270,191	405,709		270,191		$ 405,709
Accounts receivable, net	829,536					1,059,709
Inventories	1,184,342					1,108,308
Other current assets	177,219					180,151
Total current assets	2,331,997					2,618,359
Property, plant and equipment, net	875,150					892,440
Other assets:
Other intangible assets, net	332,469					319,269
Goodwill	1,554,177					1,516,693
Deferred income taxes	74,532					70,181
Other non-current assets	163,804					180,044
Total other assets	2,124,982					2,086,187
Total assets	5,332,129					5,596,986
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,171					11,739
Trade accounts payable	330,838					395,945
Employee compensation and benefits	82,901					136,911
Advance payments and progress billings	297,722					285,939
Accrued warranties	56,802					67,272
Other accrued liabilities	212,440					265,600
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	1,006,456					1,174,988
Long-term obligations	1,256,032					1,269,541
Other liabilities:
Liabilities for postretirement benefits	18,721					19,609
Accrued pension costs	135,280					144,379
Other non-current liabilities	171,373					147,472
Total other liabilities	325,374					311,460
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	5,332,129					$ 5,596,986
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				298,321
Net cash provided (used) by operating activities of discontinued operations				(103)
Net cash provided by operating activities			168,714	298,218
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired			(57,821)	(69,068)
Proceeds from sale of property, plant and equipment			4,071	8,882
Other investing activities, net			625	(89)
Net cash used by investing activities			(167,478)	(107,333)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan				(37,500)
Treasury stock purchased			(50,000)	(194,336)
Repayments of short term debt			(11,545)	0
Other financing activities, net			261	(10,319)
Net cash used by financing activities			(116,887)	(287,300)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(129,291)	(97,667)
Cash and Cash Equivalents at Beginning of Period			270,191	405,709
Cash and Cash Equivalents at End of Period	$ 140,900	$ 308,042	$ 140,900	$ 308,042

Supplemental Subsidiary Guara63

Supplemental Subsidiary Guarantors (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Aug. 01, 2014	Jul. 31, 2015	Aug. 01, 2014	Jan. 30, 2015	Oct. 31, 2014	Jan. 31, 2014	Oct. 25, 2013
Condensed Consolidating Statement of Income
Net sales	$ 792,183	$ 875,661	$ 2,306,579	$ 2,644,703
Cost of sales	574,838	623,729	1,674,987	1,879,499
Product development, selling and administrative expenses	145,215	137,259	444,571	444,822
Other (income) expense, net	(1,234)	(4,618)	(5,347)	(9,896)
Operating income	73,364	119,291	192,368	330,278
Income before income taxes	59,688	104,394	152,463	287,713
Provision (benefit) for income taxes	14,803	33,105	45,271	93,612
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	140,900	308,042	270,191	405,709		$ 270,191		$ 405,709
Accounts receivable, net	829,536					1,059,709
Inventories	1,184,342					1,108,308
Other current assets	177,219					180,151
Total current assets	2,331,997					2,618,359
Property, plant and equipment, net	875,150					892,440
Other assets:
Other intangible assets, net	332,469					319,269
Goodwill	1,554,177					1,516,693
Deferred income taxes	74,532					70,181
Other non-current assets	163,804					180,044
Total other assets	2,124,982					2,086,187
Total assets	5,332,129					5,596,986
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,171					11,739
Trade accounts payable	330,838					395,945
Employee compensation and benefits	82,901					136,911
Advance payments and progress billings	297,722					285,939
Accrued warranties	56,802	63,685			$ 58,194	67,272	$ 73,602	85,732
Other accrued liabilities	212,440					265,600
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	1,006,456					1,174,988
Long-term obligations	1,256,032					1,269,541
Other liabilities:
Liabilities for postretirement benefits	18,721					19,609
Accrued pension costs	135,280					144,379
Other non-current liabilities	171,373					147,472
Total other liabilities	325,374					311,460
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	5,332,129					5,596,986
Operating Activities:
Net cash provided (used) by operating activities of continuing operations			168,714	298,321
Net cash provided (used) by operating activities of discontinued operations			0	(103)
Net cash provided by operating activities			168,714	298,218
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired	(18,026)	(24,764)	(57,821)	(69,068)
Proceeds from sale of property, plant and equipment			4,071	8,882
Other investing activities, net			625	(89)
Net cash used by investing activities			(167,478)	(107,333)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan			0	(37,500)
Treasury stock purchased			(50,000)	(194,336)
Repayments of short term debt			(11,545)
Other financing activities, net			261	(10,319)
Net cash used by financing activities			(116,887)	(287,300)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(129,291)	(97,667)
Cash and Cash Equivalents at Beginning of Period			270,191	405,709
Cash and Cash Equivalents at End of Period	140,900	308,042	140,900	308,042
Parent Company
Condensed Consolidating Statement of Income
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Product development, selling and administrative expenses	12,499	7,017	36,503	35,840
Other (income) expense, net	0	0	68	(473)
Operating income	(12,499)	(7,017)	(36,571)	(35,367)
Intercompany items	16,750	15,641	50,106	48,422
Interest (expense) income, net	(16,068)	(15,614)	(47,449)	(47,495)
Income before income taxes	(11,817)	(6,990)	(33,914)	(34,440)
Provision (benefit) for income taxes	(8,654)	(5,923)	(2,739)	(15,855)
Equity in income of subsidiaries	48,048	72,356	138,367	212,686
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	25,138	35,061	54,874	122,901		54,874		122,901
Accounts receivable, net	0					0
Inventories	0					0
Other current assets	72,794					87,945
Total current assets	97,932					142,819
Property, plant and equipment, net	22,152					23,660
Other assets:
Other intangible assets, net	0					0
Goodwill	0					0
Deferred income taxes	2,841					159
Other non-current assets	4,095,114					4,191,771
Total other assets	4,097,955					4,191,930
Total assets	4,218,039					4,358,409
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,063					0
Trade accounts payable	2,273					3,134
Employee compensation and benefits	4,976					11,639
Advance payments and progress billings	0					0
Accrued warranties	0					0
Other accrued liabilities	58,613					94,097
Current liabilities of discontinued operations	0					0
Total current liabilities	79,925					108,870
Long-term obligations	1,256,025					1,269,459
Other liabilities:
Liabilities for postretirement benefits	17,849					18,743
Accrued pension costs	117,596					132,448
Other non-current liabilities	2,377					(12,108)
Total other liabilities	137,822					139,083
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	4,218,039					4,358,409
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				194,291
Net cash provided (used) by operating activities of discontinued operations				0
Net cash provided by operating activities			76,032	194,291
Investing Activities:
Acquisition of businesses, net of cash acquired			0	0
Property, plant and equipment acquired			(141)	(3,969)
Proceeds from sale of property, plant and equipment			942	0
Other investing activities, net			(1,227)	(82)
Net cash used by investing activities			(426)	(4,051)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan				(37,500)
Treasury stock purchased			(50,000)	(194,336)
Other financing activities, net			261	(1,099)
Net cash used by financing activities			(105,342)	(278,080)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Decrease in Cash and Cash Equivalents			(29,736)	(87,840)
Cash and Cash Equivalents at Beginning of Period			54,874	122,901
Cash and Cash Equivalents at End of Period	25,138	35,061	25,138	35,061
Supplemental Subsidiary Guarantors
Condensed Consolidating Statement of Income
Net sales	430,840	520,247	1,400,258	1,495,659
Cost of sales	320,352	378,457	1,026,939	1,108,173
Product development, selling and administrative expenses	63,209	49,337	185,949	183,363
Other (income) expense, net	3,771	2,350	12,872	8,890
Operating income	43,508	90,103	174,498	195,233
Intercompany items	(30,145)	(14,897)	(75,362)	(60,625)
Interest (expense) income, net	1,907	1,055	5,242	4,595
Income before income taxes	15,270	76,261	104,378	139,203
Provision (benefit) for income taxes	997	32,720	25,502	89,828
Equity in income of subsidiaries	21,602	25,017	18,818	105,984
Net income	35,875	68,558	97,694	155,359
Comprehensive income	37,066	68,652	98,570	156,753
Current assets:
Cash and cash equivalents	1,972	7,023	16,429	20,361		16,429		20,361
Accounts receivable, net	245,241					391,672
Inventories	561,454					470,194
Other current assets	13,864					9,520
Total current assets	822,531					887,815
Property, plant and equipment, net	328,549					345,117
Other assets:
Other intangible assets, net	214,724					228,950
Goodwill	453,401					453,374
Deferred income taxes	0					0
Other non-current assets	1,978,193					2,106,760
Total other assets	2,646,318					2,789,084
Total assets	3,797,398					4,022,016
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	0					11,634
Trade accounts payable	139,552					214,603
Employee compensation and benefits	31,460					58,374
Advance payments and progress billings	100,564					117,768
Accrued warranties	21,869					17,002
Other accrued liabilities	66,386					54,523
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	371,413					485,486
Long-term obligations	0					0
Other liabilities:
Liabilities for postretirement benefits	872					866
Accrued pension costs	8,659					7,529
Other non-current liabilities	7,343					7,780
Total other liabilities	16,874					16,175
Shareholders’ equity	3,409,111					3,520,355
Total liabilities and shareholders’ equity	3,797,398					4,022,016
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				(4,062)
Net cash provided (used) by operating activities of discontinued operations				(103)
Net cash provided by operating activities			14,392	(4,165)
Investing Activities:
Acquisition of businesses, net of cash acquired			0	0
Property, plant and equipment acquired			(17,429)	(15,317)
Proceeds from sale of property, plant and equipment			214	7,124
Other investing activities, net			0	232
Net cash used by investing activities			(17,215)	(7,961)
Financing Activities:
Common stock issued			0	0
Dividends paid			0	0
Repayments of term loan				0
Treasury stock purchased			0	0
Repayments of short term debt			(11,634)
Other financing activities, net			0	(1,212)
Net cash used by financing activities			(11,634)	(1,212)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Decrease in Cash and Cash Equivalents			(14,457)	(13,338)
Cash and Cash Equivalents at Beginning of Period			16,429	20,361
Cash and Cash Equivalents at End of Period	1,972	7,023	1,972	7,023
Supplemental Non-Guarantor Subsidiaries
Condensed Consolidating Statement of Income
Net sales	611,006	564,148	1,616,442	1,803,084
Cost of sales	448,222	414,784	1,191,499	1,308,371
Product development, selling and administrative expenses	69,507	80,905	222,119	225,619
Other (income) expense, net	(5,005)	(6,968)	(18,287)	(18,313)
Operating income	98,282	75,427	221,111	287,407
Intercompany items	(6,865)	(7,048)	(35,306)	(19,053)
Interest (expense) income, net	485	(338)	2,302	335
Income before income taxes	91,902	68,041	188,107	268,689
Provision (benefit) for income taxes	22,460	6,329	22,508	19,639
Equity in income of subsidiaries	0	0	0	0
Net income	69,442	61,712	165,599	249,050
Comprehensive income	32,532	81,173	32,065	243,127
Current assets:
Cash and cash equivalents	113,790	265,958	198,888	262,447		198,888		262,447
Accounts receivable, net	600,477					684,299
Inventories	721,493					753,922
Other current assets	90,561					82,671
Total current assets	1,526,321					1,719,780
Property, plant and equipment, net	529,465					527,286
Other assets:
Other intangible assets, net	117,745					90,319
Goodwill	1,100,776					1,063,319
Deferred income taxes	71,691					70,022
Other non-current assets	2,569,176					2,640,582
Total other assets	3,859,388					3,864,242
Total assets	5,915,174					6,111,308
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	108					105
Trade accounts payable	189,013					178,208
Employee compensation and benefits	46,465					66,898
Advance payments and progress billings	212,375					193,165
Accrued warranties	34,933					50,270
Other accrued liabilities	100,545					124,244
Current liabilities of discontinued operations	0					0
Total current liabilities	583,439					612,890
Long-term obligations	7					82
Other liabilities:
Liabilities for postretirement benefits	0					0
Accrued pension costs	9,025					4,402
Other non-current liabilities	161,653					151,800
Total other liabilities	170,678					156,202
Shareholders’ equity	5,161,050					5,342,134
Total liabilities and shareholders’ equity	5,915,174					6,111,308
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				108,092
Net cash provided (used) by operating activities of discontinued operations				0
Net cash provided by operating activities			78,290	108,092
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired			(40,251)	(49,782)
Proceeds from sale of property, plant and equipment			2,915	1,758
Other investing activities, net			1,852	(239)
Net cash used by investing activities			(149,837)	(95,321)
Financing Activities:
Common stock issued			0	0
Dividends paid			0	0
Repayments of term loan				0
Treasury stock purchased			0	0
Repayments of short term debt			89
Other financing activities, net			0	(8,008)
Net cash used by financing activities			89	(8,008)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(85,098)	3,511
Cash and Cash Equivalents at Beginning of Period			198,888	262,447
Cash and Cash Equivalents at End of Period	113,790	265,958	113,790	265,958
Eliminations
Condensed Consolidating Statement of Income
Net sales	(249,663)	(208,734)	(710,121)	(654,040)
Cost of sales	(193,736)	(169,512)	(543,451)	(537,045)
Product development, selling and administrative expenses	0	0	0	0
Other (income) expense, net	0	0	0	0
Operating income	(55,927)	(39,222)	(166,670)	(116,995)
Intercompany items	20,260	6,304	60,562	31,256
Interest (expense) income, net	0	0	0	0
Income before income taxes	(35,667)	(32,918)	(106,108)	(85,739)
Provision (benefit) for income taxes	0	(21)	0	0
Equity in income of subsidiaries	(69,650)	(97,373)	(157,185)	(318,670)
Net income	(105,317)	(130,270)	(263,293)	(404,409)
Comprehensive income	(69,598)	(149,825)	(130,635)	(399,880)
Current assets:
Cash and cash equivalents	0		0			0
Accounts receivable, net	(16,182)					(16,262)
Inventories	(98,605)					(115,808)
Other current assets	0					15
Total current assets	(114,787)					(132,055)
Property, plant and equipment, net	(5,016)					(3,623)
Other assets:
Other intangible assets, net	0					0
Goodwill	0					0
Deferred income taxes	0					0
Other non-current assets	(8,478,679)					(8,759,069)
Total other assets	(8,478,679)					(8,759,069)
Total assets	(8,598,482)					(8,894,747)
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	0					0
Trade accounts payable	0					0
Employee compensation and benefits	0					0
Advance payments and progress billings	(15,217)					(24,994)
Accrued warranties	0					0
Other accrued liabilities	(13,104)					(7,264)
Current liabilities of discontinued operations	0					0
Total current liabilities	(28,321)					(32,258)
Long-term obligations	0					0
Other liabilities:
Liabilities for postretirement benefits	0					0
Accrued pension costs	0					0
Other non-current liabilities	0					0
Total other liabilities	0					0
Shareholders’ equity	(8,570,161)					(8,862,489)
Total liabilities and shareholders’ equity	(8,598,482)					(8,894,747)
Financing Activities:
Cash and Cash Equivalents at Beginning of Period			0
Cash and Cash Equivalents at End of Period	0		0
Consolidated
Condensed Consolidating Statement of Income
Net sales	792,183	875,661	2,306,579	2,644,703
Cost of sales	574,838	623,729	1,674,987	1,879,499
Product development, selling and administrative expenses	145,215	137,259	444,571	444,822
Other (income) expense, net	(1,234)	(4,618)	(5,347)	(9,896)
Operating income	73,364	119,291	192,368	330,278
Intercompany items	0	0	0	0
Interest (expense) income, net	(13,676)	(14,897)	(39,905)	(42,565)
Income before income taxes	59,688	104,394	152,463	287,713
Provision (benefit) for income taxes	14,803	33,105	45,271	93,612
Equity in income of subsidiaries	0	0	0	0
Net income	44,885	71,289	107,192	194,101
Comprehensive income	13,863	81,683	(10,567)	187,272
Current assets:
Cash and cash equivalents	140,900	308,042	270,191	405,709		270,191		$ 405,709
Accounts receivable, net	829,536					1,059,709
Inventories	1,184,342					1,108,308
Other current assets	177,219					180,151
Total current assets	2,331,997					2,618,359
Property, plant and equipment, net	875,150					892,440
Other assets:
Other intangible assets, net	332,469					319,269
Goodwill	1,554,177					1,516,693
Deferred income taxes	74,532					70,181
Other non-current assets	163,804					180,044
Total other assets	2,124,982					2,086,187
Total assets	5,332,129					5,596,986
Current liabilities:
Short-term borrowings, including current portion of long-term obligations	14,171					11,739
Trade accounts payable	330,838					395,945
Employee compensation and benefits	82,901					136,911
Advance payments and progress billings	297,722					285,939
Accrued warranties	56,802					67,272
Other accrued liabilities	212,440					265,600
Current liabilities of discontinued operations	11,582					11,582
Total current liabilities	1,006,456					1,174,988
Long-term obligations	1,256,032					1,269,541
Other liabilities:
Liabilities for postretirement benefits	18,721					19,609
Accrued pension costs	135,280					144,379
Other non-current liabilities	171,373					147,472
Total other liabilities	325,374					311,460
Shareholders’ equity	2,744,267					2,840,997
Total liabilities and shareholders’ equity	5,332,129					$ 5,596,986
Operating Activities:
Net cash provided (used) by operating activities of continuing operations				298,321
Net cash provided (used) by operating activities of discontinued operations				(103)
Net cash provided by operating activities			168,714	298,218
Investing Activities:
Acquisition of businesses, net of cash acquired			(114,353)	(47,058)
Property, plant and equipment acquired			(57,821)	(69,068)
Proceeds from sale of property, plant and equipment			4,071	8,882
Other investing activities, net			625	(89)
Net cash used by investing activities			(167,478)	(107,333)
Financing Activities:
Common stock issued			2,853	10,189
Dividends paid			(58,456)	(55,334)
Repayments of term loan				(37,500)
Treasury stock purchased			(50,000)	(194,336)
Repayments of short term debt			(11,545)	0
Other financing activities, net			261	(10,319)
Net cash used by financing activities			(116,887)	(287,300)
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(13,640)	(1,252)
Decrease in Cash and Cash Equivalents			(129,291)	(97,667)
Cash and Cash Equivalents at Beginning of Period			270,191	405,709
Cash and Cash Equivalents at End of Period	$ 140,900	$ 308,042	$ 140,900	$ 308,042

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 18, 2015$ / shares
Subsequent event
Subsequent Event [Line Items]
Cash dividend declared (in dollars per share)	$ 0.20