XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases (Tables) | 6 Months Ended
--- | ---
Apr. 30, 2020
Leases [Abstract] |
Supplemental Balance Sheet Information | The components of lease assets and liabilities and their classification on our unaudited Consolidated Balance Sheets as of April 30, 2020 were as follows:
|  |  |  | Balance at
(in millions) |  | Classification |  | April 30, 2020
Lease assets |  |  |  |
Operating leases |  | Right-of-use assets |  | $ | 158.8 |
Finance leases |  | Property, plant and equipment, net(1) |  | 7.9 |
Total lease assets |  |  |  | $ | 166.7 |
Lease liabilities |  |  |  |
Current liabilities |  |  |  |
Operating leases |  | Current portion of lease liabilities |  | $ | 36.0 |
Finance leases |  | Other accrued liabilities |  | 4.5 |
Noncurrent liabilities |  |  |  |
Operating leases |  | Long-term lease liabilities |  | 144.8 |
Finance leases |  | Other noncurrent liabilities |  | 1.3 |
Total lease liabilities |  |  |  | $ | 186.6 |
(1) Finance lease assets are recorded net of accumulated amortization of $12.2 million as of April 30, 2020. The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities:
|  | As of
|  | April 30, 2020
Weighted-average remaining lease term (years) |  |
Operating leases |  | 6.3
Finance leases |  | 2.4
Weighted-average discount rate |  |
Operating leases |  | 4.05 | %
Finance leases |  | 4.42 | %
Lease, Cost | The components of lease costs and classification within the unaudited Consolidated Statements of Comprehensive Income (Loss) were as follows:
|  | Three Months Ended |  | Six Months Ended
(in millions) |  | April 30, 2020 |  | April 30, 2020
Operating lease costs: |  |  |  |
Operating expenses(1)(2) |  | $ | 17.1 |  |  | $ | 38.1 |
Selling, general and administrative expenses(3) |  | 7.5 |  |  | 13.1 |
Finance lease costs: |  |  |  |
Operating expenses(4) |  | 1.0 |  |  | 2.1 |
Interest expense(5) |  | 0.2 |  |  | 0.3 |
Total lease costs |  | $ | 25.8 |  |  | $ | 53.6 |
(1) Related to certain parking arrangements. (2) Includes short-term lease costs and variable lease costs. (3) Includes short-term lease costs. (4) Represents amortization of leased assets. (5) Interest on lease liabilities. The following table presents information on short-term and variable lease costs:
|  | Three Months Ended |  | Six Months Ended
(in millions) |  | April 30, 2020 |  | April 30, 2020
Short-term lease costs |  | $ | 11.9 |  |  | $ | 26.4 |
Variable lease costs |  | 1.0 |  |  | 3.0 |
Total short-term and variable lease costs |  | $ | 12.9 |  |  | $ | 29.4 |
The following table includes supplemental cash and non-cash information related to operating leases:
|  |  |  | Six Months Ended
(in millions) |  |  |  | April 30, 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  |  |  | $ | 23.9 |
Operating cash flows from finance leases |  |  |  | 0.3 |
Financing cash flows from finance leases |  |  |  | 1.5 |
Lease assets obtained in exchange for new operating lease liabilities(1) |  |  |  | 10.0 |
(1) Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.
Maturities of Operating Lease Liabilities | The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of April 30, 2020 are as follows:
(in millions) |  | Operating Lease Liabilities |  | Finance Lease Liabilities |  | Total
Remainder of fiscal 2020 |  | $ | 22.0 |  |  | $ | 1.7 |  |  | $ | 23.7 |
Fiscal 2021 |  | 40.3 |  |  | 2.9 |  |  | 43.2 |
Fiscal 2022 |  | 33.9 |  |  | 1.5 |  |  | 35.4 |
Fiscal 2023 |  | 28.7 |  |  | 0.8 |  |  | 29.5 |
Fiscal 2024 |  | 23.3 |  |  | — |  |  | 23.3 |
Thereafter |  | 59.0 |  |  | — |  |  | 59.0 |
Total lease payments |  | 207.1 |  |  | 6.9 |  |  | 214.0 |
Less: imputed interest |  | 26.3 |  |  | 1.1 |  |  | 27.4 |
Present value of lease liabilities |  | $ | 180.8 |  |  | $ | 5.8 |  |  | $ | 186.6 |
Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows:
(in millions) |  | Operating and Other(1) |  | Capital |  | Total
Fiscal 2020 |  | $ | 42.8 |  |  | $ | 3.1 |  |  | $ | 45.9 |
Fiscal 2021 |  | 35.5 |  |  | 2.5 |  |  | 38.0 |
Fiscal 2022 |  | 30.3 |  |  | 1.3 |  |  | 31.6 |
Fiscal 2023 |  | 25.6 |  |  | 0.6 |  |  | 26.2 |
Fiscal 2024 |  | 20.5 |  |  | — |  |  | 20.5 |
Thereafter |  | 51.8 |  |  | — |  |  | 51.8 |
Total(2) |  | $ | 206.5 |  |  | $ | 7.5 |  |  | $ | 214.0 |
(1) Includes total estimated sublease rental income of $15.8 million. (2) Total undiscounted future minimum payments
Maturities of Finance Lease Liabilities | The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our unaudited Consolidated Balance Sheets as of April 30, 2020 are as follows:
(in millions) |  | Operating Lease Liabilities |  | Finance Lease Liabilities |  | Total
Remainder of fiscal 2020 |  | $ | 22.0 |  |  | $ | 1.7 |  |  | $ | 23.7 |
Fiscal 2021 |  | 40.3 |  |  | 2.9 |  |  | 43.2 |
Fiscal 2022 |  | 33.9 |  |  | 1.5 |  |  | 35.4 |
Fiscal 2023 |  | 28.7 |  |  | 0.8 |  |  | 29.5 |
Fiscal 2024 |  | 23.3 |  |  | — |  |  | 23.3 |
Thereafter |  | 59.0 |  |  | — |  |  | 59.0 |
Total lease payments |  | 207.1 |  |  | 6.9 |  |  | 214.0 |
Less: imputed interest |  | 26.3 |  |  | 1.1 |  |  | 27.4 |
Present value of lease liabilities |  | $ | 180.8 |  |  | $ | 5.8 |  |  | $ | 186.6 |
Future sublease rental income was excluded for the periods shown above, as the amounts are immaterial. As previously disclosed in our Annual Report, the amounts of minimum future commitments under non-cancelable operating and capital leases as of October 31, 2019 in accordance with Topic 840 were as follows:
(in millions) |  | Operating and Other(1) |  | Capital |  | Total
Fiscal 2020 |  | $ | 42.8 |  |  | $ | 3.1 |  |  | $ | 45.9 |
Fiscal 2021 |  | 35.5 |  |  | 2.5 |  |  | 38.0 |
Fiscal 2022 |  | 30.3 |  |  | 1.3 |  |  | 31.6 |
Fiscal 2023 |  | 25.6 |  |  | 0.6 |  |  | 26.2 |
Fiscal 2024 |  | 20.5 |  |  | — |  |  | 20.5 |
Thereafter |  | 51.8 |  |  | — |  |  | 51.8 |
Total(2) |  | $ | 206.5 |  |  | $ | 7.5 |  |  | $ | 214.0 |
(1) Includes total estimated sublease rental income of $15.8 million. (2) Total undiscounted future minimum payments

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | abm_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | abm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration