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Leases (Tables)

12 Months Ended

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

X

- 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

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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X

- 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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