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Short-term Borrowings and Long-term Debt | 3 Months Ended
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Apr. 30, 2023
Debt Disclosure [Abstract] |
Short-term Borrowings and Long-term Debt | Short-term Borrowings and Long-term Debt The Company has various committed lines of credit in the U.S. that are used to support its commercial paper program. In April 2023, the Company renewed and extended its existing 364-day revolving credit facility of $10.0 billion as well as its five-year credit facility of $5.0 billion. In total, the Company had committed lines of credit in the U.S. of $15.0 billion at April 30, 2023 and January 31, 2023, all undrawn. The following table provides the changes in the Company's long-term debt for the three months ended April 30, 2023:
(Amounts in millions) |  | Long-term debt due within one year |  | Long-term debt |  | Total
Balances as of February 1, 2023 |  | $ | 4,191 |  |  | $ | 34,649 |  |  | $ | 38,840 |
Proceeds from issuance of long-term debt(1) |  | — |  |  | 4,967 |  |  | 4,967 |
Repayments of long-term debt |  | (1,784) |  |  | — |  |  | (1,784) |
Reclassifications of long-term debt |  | 1,572 |  |  | (1,572) |  |  | — |
Other |  | (4) |  |  | 76 |  |  | 72 |
Balances as of April 30, 2023 |  | $ | 3,975 |  |  | $ | 38,120 |  |  | $ | 42,095 |
(1)Proceeds from issuance of long-term debt are net of deferred loan costs and any related discount or premium. Debt Issuances Information on significant long-term debt issued during the three months ended April 30, 2023, for general corporate purposes, is as follows:
(Amounts in millions) |  |  |  |  |  |  |  |  |  |
Issue Date |  | Principal Amount |  | Maturity Date |  |  |  | Fixed Interest Rate |  | Net Proceeds
April 18, 2023 |  | $ | 750 |  |  | April 15, 2026 |  |  |  | 4.000% |  | $ | 748 |
April 18, 2023 |  | $ | 750 |  |  | April 15, 2028 |  |  |  | 3.900% |  | $ | 746 |
April 18, 2023 |  | $ | 500 |  |  | April 15, 2030 |  |  |  | 4.000% |  | $ | 497 |
April 18, 2023 |  | $ | 1,500 |  |  | April 15, 2033 |  |  |  | 4.100% |  | $ | 1,491 |
April 18, 2023 |  | $ | 1,500 |  |  | April 15, 2053 |  |  |  | 4.500% |  | $ | 1,485 |
Total |  |  |  |  |  |  |  |  |  | $ | 4,967 |
These issuances are senior, unsecured notes which rank equally with all other senior, unsecured debt obligations of the Company, and are not convertible or exchangeable. These issuances do not contain any financial covenants and do not restrict the Company's ability to pay dividends or repurchase company stock. Debt Repayments Information on significant long-term debt repayments during the three months ended April 30, 2023 is as follows:
(Amounts in millions) |  |  |  |  |  |  |  |  |  |
Maturity Date |  |  |  | Principal Amount |  | Fixed vs. Floating |  | Interest Rate |  | Repayment
April 11, 2023 |  |  |  | $ | 1,750 |  |  | Fixed |  | 2.55% |  | $ | 1,750 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
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