COOPER COMPANIES, INC.COO

COOPER COMPANIES, INC. Leases Disclosure

10-KFiled Dec 5, 20251 min read
Note 2. Operating Leases
The following table presents information about leases on the Consolidated Balance Sheets:
October 31,
(In millions)		20252024
Operating Leases
Operating lease right-of-use assets$270.9$260.7
Operating lease liabilities, current37.838.6
Operating lease liabilities, non-current 240.5230.8
Total operating lease liabilities$278.3$269.4
Weighted-average remaining lease term (in years)10.710.3
Weighted-average discount rate5%4%
Operating lease expense for the fiscal years ended October 31, 2025, 2024 and 2023 was $56.2 million, $47.4 million and $48.1 million.
Maturity of Lease Liabilities
The minimum rental payments required under operating leases that have initial or remaining noncancellable lease terms in excess of one year as of October 31, 2025, are:
(In millions)
2026$48.5 
202744.5 
202839.8 
202934.6 
203028.2 
Thereafter163.2 
Total lease payments$358.8 
Less: interest80.5 
Present value of lease liabilities$278.3 
Excluded from the above table are additional leases to expand manufacturing as well as research and development capacity that have not yet commenced. The undiscounted lease payments are estimated at $140.2 million for leases that will commence starting in fiscal 2026 with initial terms ranging from 20 to 24 years.

Historical Timeline

Fiscal YearFiled
2025Dec 5, 2025Showing above
2021Dec 10, 2021

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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