Accounting for Leases as a Lessee (Tables)

3 Months Ended

Jan. 31, 2020

The weighted-average remaining lease term and the weighted-average discount rate for the operating and finance leases were as follows:



	Operating Leases		Finance Leases
Weighted-average remaining lease term (in years)	7.3		10.3
Weighted-average discount rate	2.8	%	3.5	%

Supplemental cash flow information related to leases for the three months ended January 31, 2020 was as follows:



	Cash Flow Statement Activity	Three months ended January 31, 2020
		In millions
Cash outflows from operating leases	Net cash used in operating activities	$	56
ROU assets obtained in exchange for new operating lease liabilities	Non-cash activities	$	172

Components of lease cost included in the Condensed Consolidated Statement of Earnings for the three months ended January 31, 2020 were as follows:



	Three months ended January 31, 2020
	in millions
Operating lease cost	$	58
Finance lease cost	2
Sublease rental income	(16		)
Total lease cost	$	44

Supplemental Balance Sheet Information

The ROU assets and lease liabilities for operating and finance leases included on the Company's Condensed Consolidated Balance Sheet as of January 31, 2020 were as follows:



	Balance Sheet Classification	January 31, 2020
		In millions
Operating Leases
ROU Assets	Long-term financing receivables and other assets	$	1,053
Lease Liabilities:
Operating lease liabilities - current	Other accrued liabilities	$	203
Operating lease liabilities - non-current	Other non-current liabilities	940
Total operating lease liabilities		$	1,143

Finance Leases
Finance lease ROU Assets:	Property, plant and equipment
Gross finance lease ROU assets		$	53
Less: Accumulated depreciation		(1		)
Net finance lease ROU assets		$	52
Lease Liabilities:
Finance lease liabilities - current	Notes payable and short-term borrowings	$	4
Finance lease liabilities - non-current	Long-term debt	56
Total finance lease liabilities		$	60

Total ROU assets		$	1,105
Total lease liabilities		$	1,203

Operating Lease Liability Maturity

The following tables shows the future minimum lease commitments on the Company's operating leases as of January 31, 2020:



	As of January 31, 2020
Fiscal year	In millions
Remainder of fiscal 2020	$	179
2021	195
2022	174
2023	157
2024	135
Thereafter	437
Total future lease payments	$	1,277
Less: imputed interest	(134		)
Total lease liability balance	$	1,143

Finance Lease Liability Maturity

The following table shows the future minimum lease commitments on the Company’s finance leases as of January 31, 2020:



	As of January 31, 2020
Fiscal year	In millions
Remainder of fiscal 2020	$	5
2021	6
2022	6
2023	7
2024	7
Thereafter	41
Total future lease payments	$	72
Less: imputed interest	(12		)
Total lease liability balance	$	60