Stock-Based Compensation (Tables)

6 Months Ended

May 03, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Cost Related to Stock-Based Awards

Compensation costs related to stock-based compensation awards were as follows:

	Three Months Ended				Six Months Ended
(Dollars in millions)	May 3, 2024		May 5, 2023		May 3, 2024		May 5, 2023
Stock option awards	$	3.3	$	2.6	$	8.1	$	4.3
Performance share awards	1.5		1.3		2.6		2.1
Restricted stock unit awards	2.1		1.6		4.0		3.2
Unrestricted common stock awards	—		—		0.6		1.1
Total compensation cost for stock-based compensation awards	$	6.9	$	5.5	$	15.3	$	10.7

Schedule of Assumptions for Options Granted

The table below illustrates the weighted-average valuation assumptions used under the Black-Scholes valuation method for options granted in the first six months of the following fiscal periods:

	Fiscal 2024	Fiscal 2023
Expected life of option in years	6.37	6.32
Expected stock price volatility	26.75%	25.20%
Risk-free interest rate	3.94%	3.79%
Expected dividend yield	1.15%	0.95%
Per share weighted-average fair value at date of grant	$30.40	$33.22