v3.26.1
Borrowings
 6 Months Ended
Apr. 30, 2026
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, 2026October 31, 2025
In millions
Current portion of long-term debt(1)
$2,249 $3,796 
Commercial paper637 681 
Notes payable to banks, lines of credit and other123 132 
Total notes payable and short-term borrowings3,009 4,609 
Long-term debt18,237 17,756 
Total$21,246 $22,365 
(1)    As of April 30, 2026 and October 31, 2025, the Current portion of long-term debt, net of discount and issuance costs, included $0.9 billion and $1.2 billion respectively, both associated with the asset-backed debt securities issued by the Company.
Unsecured Senior Notes
In March 2026, the Company issued (i) $300 million of floating rate notes due March 23, 2028, with interest payable quarterly beginning June 23, 2026; (ii) $500 million of 4.5% Senior Notes due March 23, 2028, with interest payable semi-annually beginning September 23, 2026; (iii) $600 million of 4.6% Senior Notes due March 23, 2029, with interest payable semi-annually beginning September 23, 2026; and (iv) $600 million of 5.25% Senior Notes due April 1, 2033, with interest payable semi-annually beginning October 1, 2026.
In April 2026, the Company repaid $750 million of 1.75% Senior Notes on their original maturity date.
Financing arrangements
The Company maintains two commercial paper programs (the “Parent Programs”) and third program managed by a wholly-owned subsidiary, together with a revolving credit facility, and an uncommitted credit facility. There have been no changes to either of these financing arrangements since October 31, 2025. As of April 30, 2026 and October 31, 2025, no borrowings were outstanding under the Parent Programs, the revolving credit facility, or the uncommitted credit facility. Outstanding borrowings under the subsidiary’s commercial paper program were $637 million and $681 million, respectively.
Juniper Networks Acquisition Financing
In March 2026, the Company prepaid $1.25 billion against the outstanding balance under the three-year delayed draw term loan credit facility. The repayment was made at par, along with accrued interest. As of April 30, 2026, $0.75 billion was outstanding under this facility. In May 2026, the Company fully repaid this amount at par, along with accrued interest.