v3.25.1
Short-term Borrowings and Long-term Debt
 3 Months Ended
Apr. 30, 2025
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. to support its commercial paper program. In April 2025, 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, 2025 and January 31, 2025, all undrawn.
The following table provides the changes in the Company's long-term debt for the three months ended April 30, 2025:
(Amounts in millions)Long-term debt due within one yearLong-term debtTotal
Balances as of February 1, 2025$2,598 $33,401 $35,999 
Proceeds from issuance of long-term debt(1)
— 3,983 3,983 
Reclassifications of long-term debt1,486 (1,486)— 
Currency and other adjustments
1 622 623 
Balances as of April 30, 2025$4,085 $36,520 $40,605 
(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, 2025, for general corporate purposes, is as follows:
(Amounts in millions)
Issue DatePrincipal AmountMaturity Date
Interest Rate
Net Proceeds
April 28, 2025$750 April 28, 2027Floating$749 
April 28, 2025$750 April 28, 20274.100%$748 
April 28, 2025$1,000 April 28, 20304.350%$993 
April 28, 2025$1,500 April 28, 20354.900%$1,493 
Total$3,983 
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.