XML 36 R33.htm IDEA: XBRL DOCUMENT v3.20.1
LEASES - (Tables)
 6 Months Ended
Apr. 30, 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 April 30, 2020:
(in millions)Balance Sheet ClassificationApril 30, 2020
Lease Assets  
Operating lease assetsOperating lease assets$321.0  
Finance lease assetsOther long-term assets5.0  
Total lease assets$326.0  
     
Lease Liabilities
Current operating lease liabilitiesCurrent portion of operating lease liabilities$53.1  
Current finance lease liabilitiesOther current liabilities1.7  
Total current lease liabilities 54.8  
Non-current operating lease liabilitiesOperating lease liabilities270.6  
Non-current finance lease liabilitiesOther long-term liabilities3.3  
Total non-current lease liabilities 273.9  
Total lease liabilities $328.7  
Components of Lease Expense
The following table presents the lease expense components for the three and six months ended April 30, 2020:
Three Months Ended
April 30,		Six Months Ended
April 30,
(in millions)20202020
Operating lease cost$15.6  $32.8  
Finance lease cost0.5  0.7  
Variable lease cost*
7.6  13.8  
Total lease cost$23.7  $47.3  
* Amount includes short-term lease costs. The Company continues to account for short-lease leases, which are immaterial for individual reporting.
The following table presents the weighted-average lease term and discount rate as of April 30, 2020:
Weighted-average remaining lease term (years):
Operating leases11.4
Finance leases4.0
Weighted-average discount rate:
Operating leases3.81 %
Finance leases3.46 %

The following table presents other required lease related information for the three and six months ended April 30, 2020:
Three Months Ended
April 30,		Six Months Ended
April 30,
(in millions)20202020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases
$18.2  $35.3  
Financing cash flows used for finance leases
0.3  0.7  
Leased assets obtained in exchange for new operating lease liabilities34.4  63.1  
Leased assets obtained in exchange for new finance lease liabilities0.3  0.3  

In compliance with ASC 842, the Company must provide the prior year disclosures required under the previous lease guidance for comparative periods presented herein.

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)201920182017
Rent Expense$86.2  $47.1  $41.0  

The following table provides the Company’s minimum rent commitments under operating leases in the next five years and the remaining years thereafter as disclosed within the 10-K for the period ended October 31, 2019:
(in millions)Operating
Leases		Capital Leases
Year(s):
2020$64.8  $1.8  
202157.0  1.6  
202248.7  1.3  
202340.1  1.0  
202431.6  0.6  
Thereafter117.5  0.3  
Total$359.7  $6.6  
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
2020$64.7  $1.4  $66.1  
202158.9  1.4  60.3  
202251.3  1.1  52.4  
202344.0  0.8  44.8  
202436.5  0.5  37.0  
Thereafter 174.2  0.3  174.5  
Total lease payments$429.6  $5.5  $435.1  
Less: Interest(105.9) (0.5) (106.4) 
Lease liabilities$323.7  $5.0  $328.7  
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 LeasesFinance LeasesTotal expected payments
2020$64.7  $1.4  $66.1  
202158.9  1.4  60.3  
202251.3  1.1  52.4  
202344.0  0.8  44.8  
202436.5  0.5  37.0  
Thereafter 174.2  0.3  174.5  
Total lease payments$429.6  $5.5  $435.1  
Less: Interest(105.9) (0.5) (106.4) 
Lease liabilities$323.7  $5.0  $328.7  
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)201920182017
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 as disclosed within the 10-K for the period ended October 31, 2019:
(in millions)Operating
Leases		Capital Leases
Year(s):
2020$64.8  $1.8  
202157.0  1.6  
202248.7  1.3  
202340.1  1.0  
202431.6  0.6  
Thereafter117.5  0.3  
Total$359.7  $6.6