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v3.25.1

Borrowings | 6 Months Ended
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Apr. 30, 2025
Debt Disclosure [Abstract] |
Borrowings | Borrowings Notes Payable, Short-Term Borrowings and Long-Term Debt Notes payable, short-term borrowings, including the current portion of long-term debt, and long-term debt were as follows:
| As of |  |
| April 30, 2025 |  | October 31, 2024 |  |
| In millions |  |
Current portion of long-term debt(1) | $ | 4,374 |  |  | $ | 3,969 |  |  |
Commercial paper | 662 |  |  | 649 |  |  |
Notes payable to banks, lines of credit and other | 116 |  |  | 124 |  |  |
Total notes payable and short-term borrowings | 5,152 |  |  | 4,742 |  |  |
Long-term debt | 12,378 |  |  | 13,504 |  |  |
Total | $ | 17,530 |  |  | $ | 18,246 |  |  |
(1) As of April 30, 2025, the Current portion of long-term debt, net of discount and issuance costs, included $1.0 billion associated with the asset-backed debt securities issued by the Company. Commercial Paper Hewlett Packard Enterprise maintains two commercial paper programs, “the Parent Programs”, and a wholly-owned subsidiary maintains a third program. The Parent Program in the U.S. provides for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $4.75 billion. The Parent Program outside the U.S. provides for the issuance of commercial paper denominated in U.S. dollars, euros or British pounds up to a maximum aggregate principal amount of $3.0 billion or the equivalent in those alternative currencies. The combined aggregate principal amount of commercial paper outstanding under those two programs at any one time cannot exceed the $4.75 billion as authorized by Hewlett Packard Enterprise's Board of Directors. In addition, the Hewlett Packard Enterprise subsidiary's euro Commercial Paper/Certificate of Deposit Program provides for the issuance of commercial paper in various currencies of up to a maximum aggregate principal amount of $1.0 billion. As of April 30, 2025 and October 31, 2024, no borrowings were outstanding under the Parent Programs. As of April 30, 2025 and October 31, 2024, $662 million and $649 million, respectively, were outstanding under the subsidiary’s program. Revolving Credit Facility In September 2024, the Company terminated its prior senior unsecured revolving credit facility that was entered into in December 2021, and entered into a new senior unsecured revolving credit facility with an aggregate lending commitment of $5.25 billion for a period of five years. The commitment comprised of (i) $4.75 billion of commitments available immediately and (ii) $500 million of commitments available from and subject to the closing of the proposed acquisition of Juniper Networks and refinancing of Juniper Networks’ credit agreement in connection with the closing of such proposed acquisition. As of April 30, 2025 and October 31, 2024, no borrowings were outstanding under this credit facility. Uncommitted Credit Facility The Company maintains an uncommitted short-term advance facility with Societe Generale that was entered into in September 2023 with a principal amount of up to $500 million for a period of 5 years. As of April 30, 2025 and October 31, 2024, no borrowings were outstanding under this credit facility. Juniper Acquisition Financing In September 2024, the Company entered into term loan agreements with JPMorgan Chase Bank, N.A, Citibank, N.A., and Mizuho Bank, Ltd. for approximately $12.0 billion of senior unsecured delayed draw term loan facilities, comprised of an approximately $9.0 billion 364-day tranche and a $3.0 billion three-year tranche, subject to customary conditions. The Company has since further reduced the commitments under the 364-day term loan to $1.0 billion. Unless previously terminated, commitments under both the 364-day term loan and the three-year term loan will terminate upon the earliest of (i) five business days after the Juniper Outside Date (as defined in such term loan agreements), (ii) the occurrence of the closing of the acquisition of Juniper Networks without the funding of any borrowings under either of the term loan agreements, and (iii) the termination of the Merger Agreement by HPE in writing in accordance with its terms. As of April 30, 2025, no borrowings were outstanding under these agreements.

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