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Leases (Tables) | 12 Months Ended
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Oct. 31, 2023
Leases [Abstract] |
Schedule of Lease Cost | The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases (dollars in millions):
Fiscal Year Ended October 31 |  | 2023 |  | 2022 |  | 2021
Operating lease expense |  | $ | 24.0 |  |  | $ | 22.6 |  |  | $ | 20.4 |
Short-term lease expense |  | 4.5 |  |  | 4.5 |  |  | 2.9 |
Variable lease expense |  | — |  |  | — |  |  | 0.1 |
Total lease expense |  | $ | 28.5 |  |  | $ | 27.1 |  |  | $ | 23.4 |
The following table presents supplemental cash flow information related to the company's operating leases (dollars in millions):
Fiscal Year Ended October 31 |  | 2023 |  | 2022 |  | 2021
Right-of-use assets obtained in exchange for lease obligations |  | $ | 67.6 |  |  | $ | 27.0 |  |  | $ | 5.4 |
Operating cash flows for amounts included in the measurement of lease liabilities |  | $ | 20.9 |  |  | $ | 19.2 |  |  | $ | 18.9 |
The following table presents other lease information related to the company's operating leases as of October 31, 2023 and October 31, 2022:
|  | October 31, 2023 |  | October 31, 2022
Weighted-average remaining lease term of operating leases in years |  | 9.3 |  | 6.0
Weighted-average discount rate of operating leases |  | 4.83 | % |  | 3.53 | %
Schedule of Operating Lease Maturities | The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Consolidated Balance Sheets as of October 31, 2023 (dollars in millions):
|  | October 31, 2023
2024 |  | $ | 25.1 |
2025 |  | 23.3 |
2026 |  | 17.4 |
2027 |  | 13.9 |
2028 |  | 11.8 |
Thereafter |  | 69.6 |
Total future minimum operating lease payments |  | 161.1 |
Less: imputed interest |  | 29.5 |
Present value of operating lease liabilities |  | $ | 131.6 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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