Borrowings (Tables)

9 Months Ended

Jul. 31, 2016

Debt Disclosure [Abstract]

Schedule of notes payable and short-term borrowings, including the current portion of long-term debt

Notes payable and short-term borrowings, including the current portion of long-term debt, were as follows:

	As of
	July 31, 2016				October 31, 2015
	Amount Outstanding		Weighted-Average Interest Rate		Amount Outstanding		Weighted-Average Interest Rate
	Dollars in millions
Current portion of long-term debt	$	131	2.3	%	$	161	2.6	%
FS Commercial paper	320		0.1	%	39		0.2	%
Notes payable to banks, lines of credit and other(1)	460		2.2	%	491		2.7	%
Total notes payable and short-term borrowings	$	911			$	691

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(1) Notes payable to banks, lines of credit and other includes $374 million and $374 million at July 31, 2016 and October 31, 2015, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries.

Schedule of Long-Term Debt

Long-Term Debt

	As of
	July 31, 2016			October 31, 2015
	In millions
Hewlett Packard Enterprise Senior Notes(1)
$2,250 issued at discount to par at a price of 99.944% in October 2015 at 2.45%, due October 5, 2017, interest payable semi-annually on April 5 and October 5 of each year	$	2,249		$	2,249
$2,650 issued at discount to par at a price of 99.872% in October 2015 at 2.85%, due October 5, 2018, interest payable semi-annually on April 5 and October 5 of each year	2,648			2,647
$3,000 issued at discount to par at a price of 99.972% in October 2015 at 3.6%, due October 15, 2020, interest payable semi-annually on April 15 and October 15 of each year	2,999			2,999
$1,350 issued at discount to par at a price of 99.802% in October 2015 at 4.4%, due October 15, 2022, interest payable semi-annually on April 15 and October 15 of each year	1,348			1,347
$2,500 issued at discount to par at a price of 99.725% in October 2015 at 4.9%, due October 15, 2025, interest payable semi-annually on April 15 and October 15 of each year	2,494			2,493
$750 issued at discount to par at a price of 99.942% in October 2015 at 6.2%, due October 15, 2035, interest payable semi-annually on April 15 and October 15 of each year	750			749
$1,500 issued at discount to par at a price of 99.932% in October 2015 at 6.35%, due October 15, 2045, interest payable semi-annually on April 15 and October 15 of each year	1,499			1,499
$350 issued at par in October 2015 at three-month USD LIBOR plus 1.74%, due October 5, 2017, interest payable quarterly on January 5, April 5, July 5 and October 5 of each year	350			350
$250 issued at par in October 2015 at three-month USD LIBOR plus 1.93%, due October 5, 2018, interest payable quarterly on January 5, April 5, July 5 and October 5 of each year	250			250
EDS Senior Notes(1)
$300 issued October 1999 at 7.45%, due October 2029	312			313
Other, including capital lease obligations, at 0.00%-7.40%, due in calendar years 2016-2022(2)	347			423
Fair value adjustment related to hedged debt	239			(55		)
Less: current portion	(131		)	(161		)
Total long-term debt	$	15,354		$	15,103

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(1) The Company may redeem some or all of the fixed-rate Hewlett Packard Enterprise Senior Notes and the EDS Senior Notes at any time in accordance with the terms thereof.

(2) Other, including capital lease obligations includes $190 million and $196 million as of July 31, 2016 and October 31, 2015, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries that are collateralized by receivables and underlying assets associated with the related capital and operating leases. For both the periods presented, the carrying amount of the assets approximated the carrying amount of the borrowings.

Schedule of interest expense on borrowings recognized in the Condensed Consolidated and Combined Statements of Earnings

Interest expense on borrowings recognized in the Condensed Consolidated and Combined Statements of Earnings was as follows:

		Three months ended July 31,				Nine months ended July 31,
Expense	Location	2016		2015		2016		2015
		In millions				In millions
Financing interest	Financing interest	$	65	$	58	$	183	$	182
Interest expense	Interest and other, net	79		7		248		27
Total interest expense		$	144	$	65	$	431	$	209

Schedule of borrowing resources available to obtain short-term or long-term additional liquidity

The Company had the following resources available to obtain short- or long-term additional liquidity if needed:

	As of July 31, 2016
	In millions
Commercial paper programs	$	4,180
Uncommitted lines of credit	$	1,538