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Operating Leases | 12 Months Ended
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Oct. 31, 2024
Leases [Abstract] |
Operating Leases | Note 2. Operating Leases The following table presents information about leases on the Consolidated Balance Sheets:
October 31, (In millions) |  | 2024 |  | 2023 |  |
Operating Leases |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 260.7 |  | $ | 241.5 |  |
Operating lease liabilities, current |  | 38.6 |  | 38.2 |  |
Operating lease liabilities, non-current |  | 230.8 |  | 215.6 |  |
Total operating lease liabilities |  | $ | 269.4 |  | $ | 253.8 |  |
Weighted-average remaining lease term (in years) |  | 10.3 |  | 10.0 |  |
Weighted-average discount rate |  | 4% |  | 4% |  |
Operating lease expense for the fiscal years ended October 31, 2024, 2023 and 2022 was $47.4 million, $48.1 million and $45.0 million. Maturity of Lease Liabilities The minimum rental payments required under operating leases that have initial or remaining noncancellable lease terms in excess of one year as of October 31, 2024, are:
(In millions) |  |
2025 |  | 48.6 |
2026 |  | 42.2 |
2027 |  | 37.8 |
2028 |  | 33.0 |
2029 |  | 28.5 |
Thereafter |  | 148.1 |
Total lease payments |  | $ | 338.2 |
Less: interest |  | 68.8 |
Present value of lease liabilities |  | $ | 269.4 |
Excluded from the above table are additional leases to expand manufacturing as well as research and development capacity that have not yet commenced. The undiscounted lease payments are estimated at $171 million for leases that will commence starting in fiscal 2025 with initial terms ranging from 20 to 25 years.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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