Operating Leases

12 Months Ended

Oct. 31, 2025

Leases [Abstract]

Operating Leases

Note 2. Operating Leases

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

October 31, (In millions)	2025		2024
Operating Leases
Operating lease right-of-use assets	$	270.9	$	260.7
Operating lease liabilities, current	37.8		38.6
Operating lease liabilities, non-current	240.5		230.8
Total operating lease liabilities	$	278.3	$	269.4
Weighted-average remaining lease term (in years)	10.7		10.3
Weighted-average discount rate	5%		4%

Operating lease expense for the fiscal years ended October 31, 2025, 2024 and 2023 was $56.2 million, $47.4 million and $48.1 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, 2025, are:

(In millions)
2026	$	48.5
2027	44.5
2028	39.8
2029	34.6
2030	28.2
Thereafter	163.2
Total lease payments	$	358.8
Less: interest	80.5
Present value of lease liabilities	$	278.3

Excluded from the above table are additional leases to expand manufacturing as well as research and development capacity that have not yet commenced. The undiscounted lease payments are estimated at $140.2 million for leases that will commence starting in fiscal 2026 with initial terms ranging from 20 to 24 years.