Leases (Tables)

12 Months Ended

Oct. 31, 2020

Leases [Abstract]

Schedule of leases on the Consolidated Condensed Balance Sheet

The following table presents information about leases on the Consolidated Balance Sheet:

(In millions)	October 31, 2020
Operating Leases
Operating lease right-of-use assets	$	260.2
Operating lease liabilities, current	33.3
Operating lease liabilities, non-current	236.8
Total operating lease liabilities	$	270.1
Weighted average remaining lease term (in years)	11.3
Weighted average discount rate	3		%

Schedule of lease cost

The following table presents information about lease expense, which is included in selling, general and administrative expenses in the Consolidated Statement of Income and Comprehensive Income:

(In millions)	2020
Operating lease expense	$	41.2
Short-term lease expense	4.4
Variable lease expense	$	1.8

The following table presents supplemental cash flow information about the Company’s leases:

(In millions)	2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	40.6
Operating lease right-of-use assets obtained in exchange for lease obligations	17.7

Schedule of minimum rental payments required under operating leases

The minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of October 31, 2020 are:

(In millions)
2021	$	40.7
2022	36.3
2023	32.6
2024	29.3
2025	28.0
Thereafter	158.4
Total lease payments	325.3
Less: interest	55.2
Present value of lease liabilities	$	270.1