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LEASES - (Tables) | 12 Months Ended
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Oct. 31, 2020
Leases [Abstract] |
Lease Assets And Liabilities | The following table presents the balance sheet classification of the Company’s lease assets and liabilities as of October 31, 2020:
(in millions) | Balance Sheet Classification | October 31, 2020 |  |
Lease Assets |  |  |  |
Operating lease assets | Operating lease assets | $ | 307.5 |  |  |
Finance lease assets | Other long-term assets | 4.6 |  |  |
Total lease assets |  | $ | 312.1 |  |  |
Lease Liabilities |  |  |  |
Current operating lease liabilities | Current portion of operating lease liabilities | $ | 52.3 |  |  |
Current finance lease liabilities | Other current liabilities | 1.7 |  |  |
Total current lease liabilities |  | 54.0 |  |  |
Non-current operating lease liabilities | Operating lease liabilities | 257.7 |  |  |
Non-current finance lease liabilities | Other long-term liabilities | 2.9 |  |  |
Total non-current lease liabilities |  | 260.6 |  |  |
Total lease liabilities |  | $ | 314.6 |  |  |
Components of Lease Expense |
| Year Ended
(in millions) | October 31, 2020 |  |  |  |
Operating lease cost | $ | 67.0 |  |  |  |  |
Finance lease cost | 1.4 |  |  |  |  |
Variable lease cost* | 25.4 |  |  |  |  |
Total lease cost | $ | 93.8 |  |  |  |  |
*Amount includes short-term lease costs. The following table presents the weighted-average lease term and discount rate as of October 31, 2020:
Weighted-average remaining lease term (years): |
Operating leases | 11.1
Finance leases | 3.6
Weighted-average discount rate: |
Operating leases | 3.63 | %
Finance leases | 3.32 | %
The following table presents other required lease related information:
(in millions) | October 31, 2020 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows used for operating leases | $ | 69.4 |  |  |
Financing cash flows used for finance leases | 1.3 |  |  |
Leased assets obtained in exchange for new operating lease liabilities | 67.4 |  |  |
Leased assets obtained in exchange for new finance lease liabilities | 0.4 |  |  |
Maturities of Operating Lease Liabilities | Future maturity for the Company's lease liabilities, during the next five years, and in the aggregate for the years thereafter, are as follows:
(in millions) | Operating Leases |  | Finance Leases |  | Total expected payments
2021 | $ | 65.6 |  |  | $ | 1.4 |  |  | $ | 67.0 |
2022 | 63.1 |  |  | 1.4 |  |  | 64.5 |
2023 | 55.1 |  |  | 1.1 |  |  | 56.2 |
2024 | 47.4 |  |  | 0.9 |  |  | 48.3 |
2025 | 38.8 |  |  | 0.5 |  |  | 39.3 |
Thereafter | 171.8 |  |  | 0.3 |  |  | 172.1 |
Total lease payments | $ | 441.8 |  |  | $ | 5.6 |  |  | $ | 447.4 |
Less: Interest | (131.8) |  |  | (1.0) |  |  | (132.8) |
Lease liabilities | $ | 310.0 |  |  | $ | 4.6 |  |  | $ | 314.6 |
Maturities of Financing Lease Liabilities | Future maturity for the Company's lease liabilities, during the next five years, and in the aggregate for the years thereafter, are as follows:
(in millions) | Operating Leases |  | Finance Leases |  | Total expected payments
2021 | $ | 65.6 |  |  | $ | 1.4 |  |  | $ | 67.0 |
2022 | 63.1 |  |  | 1.4 |  |  | 64.5 |
2023 | 55.1 |  |  | 1.1 |  |  | 56.2 |
2024 | 47.4 |  |  | 0.9 |  |  | 48.3 |
2025 | 38.8 |  |  | 0.5 |  |  | 39.3 |
Thereafter | 171.8 |  |  | 0.3 |  |  | 172.1 |
Total lease payments | $ | 441.8 |  |  | $ | 5.6 |  |  | $ | 447.4 |
Less: Interest | (131.8) |  |  | (1.0) |  |  | (132.8) |
Lease liabilities | $ | 310.0 |  |  | $ | 4.6 |  |  | $ | 314.6 |
Schedule of Information Related to Company's Rent Expense | The table below contains information related to the Company’s rent expense as disclosed within the 10-K for the period ended October 31, 2019:
| Year Ended October 31,
(in millions) | 2019 |  | 2018 | 2017
Rent Expense | $ | 86.2 |  |  | $ | 47.1 |  | $ | 41.0 |
Schedule of Company's Minimum Rent Commitments Under Operating and Capital Leases | The following table provides the Company’s minimum rent commitments under operating leases in the next five years and the remaining years thereafter:
(in millions) | Operating Leases |  | Capital Leases
Year(s): |  |  |
2021 | $ | 64.8 |  |  | $ | 1.8 |
2022 | 57.0 |  |  | 1.6 |
2023 | 48.7 |  |  | 1.3 |
2024 | 40.1 |  |  | 1.0 |
2025 | 31.6 |  |  | 0.6 |
Thereafter | 117.5 |  |  | 0.3 |
Total | $ | 359.7 |  |  | $ | 6.6 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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