| Debt and Credit Facilities |
Debt and Credit Facilities Our long-term debt (net of unamortized discounts and issuance costs) consisted of: | | | | | | | | | | | | | April 30, | 2025 | | 2026 | | | | | 1.20% senior notes, €300 principal amount, due July 7, 2026 | $ | 342 | | | $ | 351 | | 2.60% senior notes, £300 principal amount, due July 7, 2028 | 401 | | | 404 | | 4.75% senior notes, $650 principal amount, due April 15, 2033 | 644 | | | 645 | | 4.00% senior notes, $300 principal amount, due April 15, 2038 | 296 | | | 296 | | 3.75% senior notes, $250 principal amount, due January 15, 2043 | 248 | | | 248 | | 4.50% senior notes, $500 principal amount, due July 15, 2045 | 490 | | | 490 | | | | | | | Total long-term debt (including current portion) | 2,421 | | | 2,434 | | | Less: current portion | — | | | 351 | | | Total long-term debt | $ | 2,421 | | | $ | 2,083 | |
Debt payments required over the next five fiscal years consist of $351 in 2027, $0 in 2028, $405 in 2029, $0 in 2030, $0 in 2031, and $1,700 after 2031. The senior notes contain terms, events of default, and covenants customary of these types of unsecured securities, including limitations on the amount of secured debt we can issue. Details of our short-term borrowings at April 30, 2025 and 2026, are presented below: | | | | | | | | | | | | | April 30, | 2025 | | 2026 | Commercial paper (par amount) | $313 | | $68 | | Average interest rate | 4.64% | | 3.96% | | Average remaining days to maturity | 12 | | 7 |
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