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Leases
 12 Months Ended
Oct. 31, 2021
Leases [Abstract]  
Leases LEASES
The components of lease assets and liabilities and their classification on our Consolidated Balance Sheets were as follows:
(in millions)ClassificationOctober 31, 2021October 31, 2020
Lease assets
Operating leasesRight-of-use assets$126.5 $143.1 
Finance leases
Property, plant and equipment, net(1)
3.7 6.1 
Total lease assets$130.2 $149.2 
Lease liabilities
Current liabilities
Operating leasesCurrent portion of lease liabilities$31.8 $35.0 
Finance leasesOther accrued liabilities0.4 2.3 
Noncurrent liabilities
Operating leasesLong-term lease liabilities116.6 131.4 
Finance leasesOther noncurrent liabilities2.0 2.8 
Total lease liabilities$150.8 $171.4 
(1) Finance lease assets are recorded net of accumulated amortization of $16.3 million and $13.6 million as of October 31, 2021 and October 31, 2020, respectively.
The components of lease costs and classification within the Consolidated Statements of Comprehensive Income (Loss) were as follows:
(in millions)Year Ended
October 31, 2021		Years Ended
October 31, 2020
Operating lease costs:
Operating expenses(1)(2)
$51.9 $67.9 
Selling, general and administrative expenses(3)
25.3 28.5 
Finance lease costs:
Operating expenses(4)
2.5 3.5 
Interest expense(5)
0.5 0.5 
Total lease costs$80.2 $100.4 
(1) Related to certain parking arrangements.
(2) Includes short-term lease costs and variable lease costs.
(3) Includes short-term lease costs.
(4) Represents amortization of leased assets.
(5) Interest on lease liabilities.
The following table presents information on short-term and variable lease costs:
(in millions)Year Ended
October 31, 2021		Year Ended
October 31, 2020
Short-term lease costs$34.8 $47.0 
Variable lease costs3.7 3.5 
Total short-term and variable lease costs$38.5 $50.5 
Sublease income generated during the year ended October 31, 2021, was immaterial. We continue to monitor the impact of the Pandemic on our subleases; however, we do not expect a significant impact.
The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our Consolidated Balance Sheets as of October 31, 2021, are as follows:
(in millions)Operating
Lease Liabilities		Finance
Lease Liabilities		Total
Fiscal 2022$37.2 $1.7 $38.9 
Fiscal 202332.1 0.9 33.0 
Fiscal 202427.2 — 27.2 
Fiscal 202521.1 — 21.1 
Fiscal 202618.7 — 18.7 
Thereafter31.6 — 31.6 
Total lease payments168.0 2.6 170.6 
Less: imputed interest19.6 0.2 19.8 
Present value of lease liabilities$148.4 $2.4 $150.8 
Future sublease rental income was excluded for the periods shown above as the amounts are immaterial.
We have entered into operating lease arrangements as of October 31, 2021, that are effective for future periods. The total amount of ROU assets and lease liabilities related to these arrangements is immaterial.
The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities:
Year Ended
October 31, 2021		Year Ended
October 31, 2020
Weighted-average remaining lease term (years)
Operating leases5.76.1
Finance leases1.52.0
Weighted-average discount rate
Operating leases4.11 %4.14 %
Finance leases4.78 %4.55 %
The following table includes supplemental cash and non-cash information related to operating leases:
(in millions)Year Ended
October 31, 2021		Year Ended
October 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$38.9 $44.8 
Operating cash flows from finance leases0.5 0.5 
Financing cash flows from finance leases2.8 3.4 
Lease assets obtained in exchange for new operating lease liabilities(1)
20.6 15.7 
(1) Excludes the amount initially capitalized in 2020 in conjunction with the adoption of Topic 842.
Leases LEASES
The components of lease assets and liabilities and their classification on our Consolidated Balance Sheets were as follows:
(in millions)ClassificationOctober 31, 2021October 31, 2020
Lease assets
Operating leasesRight-of-use assets$126.5 $143.1 
Finance leases
Property, plant and equipment, net(1)
3.7 6.1 
Total lease assets$130.2 $149.2 
Lease liabilities
Current liabilities
Operating leasesCurrent portion of lease liabilities$31.8 $35.0 
Finance leasesOther accrued liabilities0.4 2.3 
Noncurrent liabilities
Operating leasesLong-term lease liabilities116.6 131.4 
Finance leasesOther noncurrent liabilities2.0 2.8 
Total lease liabilities$150.8 $171.4 
(1) Finance lease assets are recorded net of accumulated amortization of $16.3 million and $13.6 million as of October 31, 2021 and October 31, 2020, respectively.
The components of lease costs and classification within the Consolidated Statements of Comprehensive Income (Loss) were as follows:
(in millions)Year Ended
October 31, 2021		Years Ended
October 31, 2020
Operating lease costs:
Operating expenses(1)(2)
$51.9 $67.9 
Selling, general and administrative expenses(3)
25.3 28.5 
Finance lease costs:
Operating expenses(4)
2.5 3.5 
Interest expense(5)
0.5 0.5 
Total lease costs$80.2 $100.4 
(1) Related to certain parking arrangements.
(2) Includes short-term lease costs and variable lease costs.
(3) Includes short-term lease costs.
(4) Represents amortization of leased assets.
(5) Interest on lease liabilities.
The following table presents information on short-term and variable lease costs:
(in millions)Year Ended
October 31, 2021		Year Ended
October 31, 2020
Short-term lease costs$34.8 $47.0 
Variable lease costs3.7 3.5 
Total short-term and variable lease costs$38.5 $50.5 
Sublease income generated during the year ended October 31, 2021, was immaterial. We continue to monitor the impact of the Pandemic on our subleases; however, we do not expect a significant impact.
The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our Consolidated Balance Sheets as of October 31, 2021, are as follows:
(in millions)Operating
Lease Liabilities		Finance
Lease Liabilities		Total
Fiscal 2022$37.2 $1.7 $38.9 
Fiscal 202332.1 0.9 33.0 
Fiscal 202427.2 — 27.2 
Fiscal 202521.1 — 21.1 
Fiscal 202618.7 — 18.7 
Thereafter31.6 — 31.6 
Total lease payments168.0 2.6 170.6 
Less: imputed interest19.6 0.2 19.8 
Present value of lease liabilities$148.4 $2.4 $150.8 
Future sublease rental income was excluded for the periods shown above as the amounts are immaterial.
We have entered into operating lease arrangements as of October 31, 2021, that are effective for future periods. The total amount of ROU assets and lease liabilities related to these arrangements is immaterial.
The following table includes the weighted-average remaining lease terms, in years, and the weighted-average discount rate used to calculate the present value of operating lease liabilities:
Year Ended
October 31, 2021		Year Ended
October 31, 2020
Weighted-average remaining lease term (years)
Operating leases5.76.1
Finance leases1.52.0
Weighted-average discount rate
Operating leases4.11 %4.14 %
Finance leases4.78 %4.55 %
The following table includes supplemental cash and non-cash information related to operating leases:
(in millions)Year Ended
October 31, 2021		Year Ended
October 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$38.9 $44.8 
Operating cash flows from finance leases0.5 0.5 
Financing cash flows from finance leases2.8 3.4 
Lease assets obtained in exchange for new operating lease liabilities(1)
20.6 15.7 
(1) Excludes the amount initially capitalized in 2020 in conjunction with the adoption of Topic 842.