Operating Leases

12 Months Ended

Oct. 31, 2023

Leases [Abstract]

Operating Leases

Note 2. Operating Leases

The following table presents information about leases on the Consolidated Balance Sheets:

October 31, (In millions)	2023		2022
Operating Leases
Operating lease right-of-use assets	$	241.5	$	230.1
Operating lease liabilities, current	38.2		35.5
Operating lease liabilities, non-current	215.6		205.5
Total operating lease liabilities	$	253.8	$	241.0
Weighted-average remaining lease term (in years)	10.0		9.8
Weighted-average discount rate	4%		3%

Operating lease expense for the fiscal years ended October 31, 2023, 2022 and 2021 was $48.1 million, $45.0 million and $44.1 million.

Maturity of Lease Liabilities

The minimum rental payments required under operating leases that have initial or remaining noncancellable lease terms in excess of one year as of October 31, 2023 are:

(In millions)
2024	46.4
2025	41.6
2026	37.7
2027	32.8
2028	26.8
Thereafter	123.4
Total lease payments	$	308.7
Less: interest	54.9
Present value of lease liabilities	$	253.8