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LEASES - (Tables)
12 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense
The following table presents the lease expense components:
Year Ended
(in millions)October 31, 2024October 31, 2023
Operating lease cost$72.2 $64.4 
Finance lease cost - amortization7.1 4.8 
Finance lease cost - interest2.7 2.4 
Other lease cost*
34.0 28.0 
Total lease cost$116.0 $99.6 
*includes variable and short-term lease costs
The following table presents the weighted-average lease term and discount rate as of October 31, 2024 and October 31, 2023:
October 31, 2024October 31, 2023
Weighted-average remaining lease term (years):
Operating leases8.49.1
Finance leases6.47.9
Weighted-average discount rate:
Operating leases4.71 %4.50 %
Finance leases6.05 %6.18 %
The following table presents other required lease related information:
(in millions)October 31, 2024October 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating liabilities$71.9 $64.3 
Financing cash flows used for finance leases6.5 4.5 
Leased assets obtained in exchange for new lease liabilities:
Leased assets obtained in exchange for new operating lease liabilities69.6 95.0 
Leased assets obtained in exchange for new finance lease liabilities6.4 42.0 
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 LeasesFinance LeasesTotal expected payments
2025$68.2 $8.9 $77.1 
202657.7 7.9 65.6 
202748.0 7.1 55.1 
202839.4 6.9 46.3 
202929.4 6.2 35.6 
Thereafter 100.6 12.0 112.6 
Total lease payments$343.3 $49.0 $392.3 
Less: interest(56.6)(9.2)(65.8)
Lease liabilities$286.7 $39.8 $326.5