Borrowings (Tables)

9 Months Ended

Jul. 31, 2025

Schedule of Notes Payable and Short-term Borrowings, Including the Current Portion of 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
	July 31, 2025		October 31, 2024
	In millions
Current portion of long-term debt(1)	$	5,050	$	3,969
Commercial paper	625		649
Notes payable to banks, lines of credit and other	1,124		124
Total notes payable and short-term borrowings	6,799		4,742
Long-term debt	16,854		13,504
Total	$	23,653	$	18,246

(1) As of July 31, 2025 and October 31, 2024, the Current portion of long-term debt, net of discount and issuance costs, included $1.1 billion and $1.4 billion associated with the asset-backed debt securities issued by the Company, respectively.

Schedule of Maturities of Long-Term Debt

As of July 31, 2025, aggregate future maturities of the Company's borrowings at face value (excluding a fair value adjustment related to hedged debt of $17 million, a net discount of $49 million, unamortized debt issuance costs of $81 million, and adjusted for fair value to par accretion relating to debt assumed as a result of the Merger of $72 million), including finance lease obligations were as follows:


Fiscal Year	In millions
2025	$	2,978
2026	3,411
2027	1,812
2028	3,750
2029	2,345
Thereafter	7,827
Total	$	22,123