Leases (Tables)

9 Months Ended

Aug. 02, 2024

Leases [Abstract]

Schedule of Supplemental Cash Flow and Other Lease Information

The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases:

	Three Months Ended				Nine Months Ended
(Dollars in millions)	August 2, 2024		August 4, 2023		August 2, 2024		August 4, 2023
Operating lease expense	$	8.9	$	6.1	$	27.5	$	19.0
Short-term lease expense	1.3		1.6		3.4		3.5
Variable lease expense	0.1		—		0.2		0.1
Total lease expense	$	10.3	$	7.7	$	31.1	$	22.6

The following table presents supplemental cash flow information related to the company's operating leases:

	Nine Months Ended
(Dollars in millions)	August 2, 2024		August 4, 2023
Right-of-use assets obtained in exchange for lease obligations	$	3.5	$	54.1
Operating cash flows for amounts included in the measurement of lease liabilities	$	20.5	$	16.5

The following table presents other lease information related to the company's operating leases:

	August 2, 2024		August 4, 2023		October 31, 2023
Weighted-average remaining lease term of operating leases in years	9.0		9.2		9.3
Weighted-average discount rate of operating leases	4.93	%	4.12	%	4.83	%

Schedule of Future Minimum Operating Lease Payments

The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Condensed Consolidated Balance Sheets as of August 2, 2024:

(Dollars in millions)	August 2, 2024
2024 (remaining)	$	5.3
2025	24.3
2026	18.3
2027	14.7
2028	12.3
Thereafter	69.6
Total future minimum operating lease payments	144.5
Less: imputed interest	25.7
Present value of operating lease liabilities	$	118.8