v3.26.1
Leases (Tables)
 6 Months Ended
May 01, 2026
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 EndedSix Months Ended
(Dollars in millions)May 1, 2026May 2, 2025May 1, 2026May 2, 2025
Operating lease expense$7.8 $9.0 $15.5 $17.5 
Short-term lease expense2.1 1.5 3.4 2.5 
Variable lease expense0.8 0.7 1.1 0.7 
Total lease expense$10.7 $11.2 $20.0 $20.7 
The following table presents supplemental cash flow information related to the company's operating leases:
Six Months Ended
(Dollars in millions)May 1, 2026May 2, 2025
Right-of-use assets obtained in exchange for lease obligations$12.2 $7.7 
Operating cash flows for amounts included in the measurement of lease liabilities$14.6 $14.4 
The following table presents other lease information related to the company's operating leases:
May 1, 2026May 2, 2025October 31, 2025
Weighted-average remaining lease term of operating leases in years7.78.78.1
Weighted-average discount rate of operating leases5.21 %5.06 %5.04 %
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 1, 2026:
(Dollars in millions)May 1, 2026
2026 (remaining)$12.9 
202724.7 
202821.4 
202917.1 
203013.7 
Thereafter53.7 
Total future minimum operating lease payments143.5 
Less: imputed interest23.3 
Present value of operating lease liabilities$120.2