Leases (Tables)

6 Months Ended

May 02, 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				Six Months Ended
(Dollars in millions)	May 2, 2025		May 3, 2024		May 2, 2025		May 3, 2024
Operating lease expense	$	9.0	$	9.4	$	17.5	$	18.6
Short-term lease expense	1.5		1.0		2.5		2.1
Variable lease expense	0.7		0.1		0.7		0.1
Total lease expense	$	11.2	$	10.5	$	20.7	$	20.8

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

	Six Months Ended
(Dollars in millions)	May 2, 2025		May 3, 2024
Right-of-use assets obtained in exchange for lease obligations	$	7.7	$	2.3
Operating cash flows for amounts included in the measurement of lease liabilities	$	14.4	$	13.9

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

	May 2, 2025		May 3, 2024		October 31, 2024
Weighted-average remaining lease term of operating leases in years	8.7		9.1		8.8
Weighted-average discount rate of operating leases	5.06	%	4.90	%	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 May 2, 2025:

(Dollars in millions)	May 2, 2025
2025 (remaining)	$	11.9
2026	21.1
2027	17.3
2028	14.6
2029	11.4
Thereafter	63.6
Total future minimum operating lease payments	139.9
Less: imputed interest	25.2
Present value of operating lease liabilities	$	114.7