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LEASES - (Tables) | 12 Months Ended
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Oct. 31, 2023
Leases [Abstract] |
Schedule of Components of Lease Expense | The following table presents the lease expense components:
| Year Ended
(in millions) | October 31, 2023 |  | October 31, 2022
Operating lease cost | $ | 64.4 |  |  | $ | 64.6 |
Finance lease cost - amortization | 4.8 |  |  | 1.3 |
Finance lease cost - interest | 2.4 |  |  | 0.1 |
Other lease cost* | 28.0 |  |  | 23.2 |
Total lease cost | $ | 99.6 |  |  | $ | 89.2 |
*includes variable and short-term lease costs |  |  |
The following table presents the weighted-average lease term and discount rate as of October 31, 2023 and October 31, 2022:
| October 31, 2023 |  | October 31, 2022
Weighted-average remaining lease term (years): |  |  |
Operating leases | 9.1 |  | 9.9
Finance leases | 7.9 |  | 2.6
Weighted-average discount rate: |  |  |
Operating leases | 4.50 | % |  | 3.77 | %
Finance leases | 6.18 | % |  | 3.34 | %
The following table presents other required lease related information:
(in millions) | October 31, 2023 |  | October 31, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows used for operating liabilities | $ | 64.3 |  |  | $ | 63.2 |
Financing cash flows used for finance leases | 4.5 |  |  | 1.2 |
Leased assets obtained in exchange for new lease liabilities: |  |  |
Leased assets obtained in exchange for new operating lease liabilities | 95.0 |  |  | 22.3 |
Leased assets obtained in exchange for new finance lease liabilities | 42.0 |  |  | 0.4 |
Schedule of 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
2024 | $ | 64.8 |  | $ | 6.7 |  | $ | 71.5 |
2025 | 58.2 |  | 6.4 |  | 64.6 |
2026 | 49.2 |  | 6.3 |  | 55.5 |
2027 | 40.1 |  | 6.1 |  | 46.2 |
2028 | 32.0 |  | 6.1 |  | 38.1 |
Thereafter | 106.4 |  | 18.4 |  | 124.8 |
Total lease payments | $ | 350.7 |  | $ | 50.0 |  | $ | 400.7 |
Less: interest | (56.7) |  | (18.7) |  | (75.4) |
Lease liabilities | $ | 294.0 |  | $ | 31.3 |  | $ | 325.3 |

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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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- 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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