v3.6.0.2
Borrowings (Tables)
 12 Months Ended
Oct. 31, 2016
Debt Disclosure [Abstract]  
Schedule of notes payable and short-term borrowings, including the current portion of long-term debt
Notes payable and short-term borrowings, including the current portion of long-term debt, were as follows:
 
As of October 31,
 
2016
 
2015
 
Amount
Outstanding
 
Weighted-Average
Interest Rate
 
Amount
Outstanding
 
Weighted-Average
Interest Rate
 
Dollars in millions
Current portion of long-term debt
$
2,776

 
1.7
%
 
$
161

 
2.6
%
FS Commercial paper
326

 
0.1
%
 
39

 
0.2
%
Notes payable to banks, lines of credit and other(1)
430

 
2.0
%
 
491

 
2.7
%
Total notes payable and short-term borrowings
$
3,532

 
 

 
$
691

 
 

_______________________________________________________________________________
(1)
Notes payable to banks, lines of credit and other includes $381 million and $374 million at October 31, 2016 and 2015, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries.
Schedule of long-term debt
Long-Term Debt
 
As of October 31,
 
2016
 
2015
 
In millions
Hewlett Packard Enterprise Senior Notes(1)
 

 
 

$2,250 issued at discount to par at a price of 99.944% in October 2015 at 2.45%, due October 5, 2017, interest payable semi-annually on April 5 and October 5 of each year
$
2,249

 
$
2,249

$2,650 issued at discount to par at a price of 99.872% in October 2015 at 2.85%, due October 5, 2018, interest payable semi-annually on April 5 and October 5 of each year
2,648

 
2,647

$3,000 issued at discount to par at a price of 99.972% in October 2015 at 3.6%, due October 15, 2020, interest payable semi-annually on April 15 and October 15 of each year
2,999

 
2,999

$1,350 issued at discount to par at a price of 99.802% in October 2015 at 4.4%, due October 15, 2022, interest payable semi-annually on April 15 and October 15 of each year
1,348

 
1,347

$2,500 issued at discount to par at a price of 99.725% in October 2015 at 4.9%, due October 15, 2025, interest payable semi-annually on April 15 and October 15 of each year
2,494

 
2,493

$750 issued at discount to par at a price of 99.942% in October 2015 at 6.2%, due October 15, 2035, interest payable semi-annually on April 15 and October 15 of each year
750

 
749

$1,500 issued at discount to par at a price of 99.932% in October 2015 at 6.35%, due October 15, 2045, interest payable semi-annually on April 15 and October 15 of each year
1,499

 
1,499

$350 issued at par in October 2015 at three-month USD LIBOR plus 1.74%, due October 5, 2017, interest payable quarterly on January 5, April 5, July 5 and October 5 of each year
350

 
350

$250 issued at par in October 2015 at three-month USD LIBOR plus 1.93%, due October 5, 2018, interest payable quarterly on January 5, April 5, July 5 and October 5 of each year
250

 
250

EDS Senior Notes(1)
 

 
 

$300 issued October 1999 at 7.45%, due October 2029
312

 
313

Other, including capital lease obligations, at 0.00%-7.45%, due in calendar years 2016-2022(2)
382

 
423

Fair value adjustment related to hedged debt
103

 
(55
)
Less: current portion
(2,776
)
 
(161
)
Total long-term debt
$
12,608

 
$
15,103

_______________________________________________________________________________
(1)
The Company may redeem some or all of the fixed-rate Hewlett Packard Enterprise Senior Notes and the EDS Senior Notes at any time in accordance with the terms thereof.
(2)
Other, including capital lease obligations includes $181 million and $196 million as of October 31, 2016 and 2015, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries that are collateralized by receivables and underlying assets associated with the related capital and operating leases. For both the periods presented, the carrying amount of the assets approximated the carrying amount of the borrowings.
Schedule of interest expense on borrowings recognized in the Combined and Consolidated Statements of Earnings
Interest expense on borrowings recognized in the Consolidated and Combined Statements of Earnings was as follows:
 
 
 
Fiscal years ended October 31,
Expense
Location
 
2016
 
2015
 
2014
 
 
 
In millions
Financing interest
Financing interest
 
$
249

 
$
240

 
$
277

Interest expense
Interest and other, net
 
328

 
29

 
45

Total interest expense
 
 
$
577

 
$
269

 
$
322
Schedule of borrowing resources available to obtain short-term or long-term financing
The Company had the following resources available to obtain short- or long-term financing if additional liquidity is needed:
 
As of
October 31, 2016
 
In millions
Commercial paper programs
$
4,174

Uncommitted lines of credit
$
1,884
Schedule of aggregate future maturities of long-term debt at face value
As of October 31, 2016, aggregate future maturities of the Company's long-term debt at face value (excluding a fair value adjustment related to hedged debt of $103 million and a net discount on debt issuance of $1 million), including capital lease obligations were as follows:
Fiscal year
In millions
2017
$
2,777

2018
2,948

2019
40

2020
3,002

2021
57

Thereafter
6,458

Total
$
15,282