XML 50 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
3 Months Ended
Jan. 31, 2025
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
(Dollars in millions)January 31, 2025February 2, 2024
Operating lease expense$8.6 $9.2 
Short-term lease expense1.1 1.0 
Total lease expense$9.7 $10.2 
The following table presents supplemental cash flow information related to the company's operating leases:
Three Months Ended
(Dollars in millions)January 31, 2025February 2, 2024
Right-of-use assets obtained in exchange for lease obligations$4.5 $1.6 
Operating cash flows for amounts included in the measurement of lease liabilities$6.5 $7.5 
The following table presents other lease information related to the company's operating leases:
January 31, 2025February 2, 2024October 31, 2024
Weighted-average remaining lease term of operating leases in years8.89.28.8
Weighted-average discount rate of operating leases5.03 %4.87 %5.00 %
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 January 31, 2025:
(Dollars in millions)January 31, 2025
2025 (remaining)$19.0 
202620.0 
202716.4 
202813.8 
202910.9 
Thereafter61.8 
Total future minimum operating lease payments141.9 
Less: imputed interest23.9 
Present value of operating lease liabilities$118.0