Balance Sheet Details

Balance sheet details were as follows:

Inventory



	As of
	July 31, 2018		October 31, 2017
	In millions
Finished goods	$	1,382	$	1,236
Purchased parts and fabricated assemblies	1,389		1,079
Total	$	2,771	$	2,315

For the nine months ended July 31, 2018, the increase in inventory was due primarily to higher levels of strategic commodities inventory to support customer demand, increases in memory component costs, and higher inventory of server solutions which have longer time-to-shipment cycles.

Property, Plant and Equipment



	As of
	July 31, 2018			October 31, 2017
	In millions
Land	$	296		$	312
Buildings and leasehold improvements	2,260			2,371
Machinery and equipment, including equipment held for lease	9,577			9,194
	12,133			11,877
Accumulated depreciation	(5,949		)	(5,608		)
Total	$	6,184		$	6,269

Notes Payable and Short-Term Borrowings



	As of
	July 31, 2018		October 31, 2017
	In millions
Current portion of long-term debt	$	1,402	$	3,005
FS commercial paper	442		401
Notes payable to banks, lines of credit and other⁽¹⁾	482		444
Total	$	2,326	$	3,850


(1)	As of July 31, 2018 and October 31, 2017, notes payable to banks, lines of credit and other includes $369 million and $390 million, respectively, of borrowing and funding-related activity associated with FS and its subsidiaries and $113 million and $52 million, respectively, of receivables transferred under factoring arrangements, recorded as short-term borrowings.

Warranties

The Company's aggregate product warranty liability as of July 31, 2018, and changes during the nine months ended July 31, 2018 were as follows:



	Nine Months Ended July 31, 2018
	In millions
Balance at beginning of period	$	475
Accruals for warranties issued	201
Adjustments related to pre-existing warranties	(6		)
Settlements made	(230		)
Balance at end of period	$	440