LEASES (Tables)

9 Months Ended

Jul. 31, 2023

The following table presents the lease expense components for the three and nine months ended July 31, 2023 and 2022:


	Three Months Ended July 31,				Nine Months Ended July 31,
(in millions)	2023		2022		2023		2022
Operating lease cost	$	17.0	$	14.7	$	48.0	$	48.4
Finance lease cost - amortization	1.2		0.2		3.0		1.2
Finance lease cost - interest	0.5		0.1		1.5		0.1
Other lease cost*	6.1		6.1		19.3		17.1
Total lease cost	$	24.8	$	21.1	$	71.8	$	66.8
*includes variable and short-term lease costs

The following table presents other required lease related information for the three and nine months ended July 31, 2023 and 2022:


	Three Months Ended July 31,				Nine Months Ended July 31,
(in millions)	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating liabilities	$	17.0	$	15.3	$	48.1	$	49.4
Financing cash flows used for finance leases	1.2		0.3		2.9		0.9
Leased assets obtained in exchange for new lease liabilities:
Leased assets obtained in exchange for new operating lease liabilities	5.7		3.9		52.9		15.9
Leased assets obtained in exchange for new finance lease liabilities	2.4		0.1		36.1		0.4

Schedule of Maturities of Operating Lease Liabilities

The following table presents the future maturity for the Company’s lease liabilities, during the next five years, and in the aggregate for the years thereafter as of July 31, 2023:


(in millions)	Operating Leases		Finance Leases		Total expected payments
2023	$	16.3	$	1.6	$	17.9
2024	59.0		6.0		65.0
2025	52.1		5.6		57.7
2026	43.0		5.5		48.5
2027	33.8		5.4		39.2
Thereafter	115.0		20.8		135.8
Total lease payments	$	319.2	$	44.9	$	364.1
Less: interest	(47.2)		(12.7)		(59.9)
Lease liabilities	$	272.0	$	32.2	$	304.2

Schedule of Weighted-Average Lease Term and Discount Rate

The following table presents the weighted-average lease term and discount rate as of July 31, 2023 and 2022:


	July 31, 2023		July 31, 2022
Weighted-average remaining lease term (years):
Operating leases	9.2		10.0
Finance leases	7.9		2.7
Weighted-average discount rate:
Operating leases	4.22	%	3.63	%
Finance leases	6.32	%	3.41	%