Borrowings (Tables)

12 Months Ended

Oct. 31, 2017

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 October 31,
	2017				2016
	Amount Outstanding		Weighted-Average Interest Rate		Amount Outstanding		Weighted-Average Interest Rate
	Dollars in millions
Current portion of long-term debt	$	3,005	3.2	%	$	2,772	1.7	%
FS Commercial paper	401		(0.1	)%	326		0.1	%
Notes payable to banks, lines of credit and other(1)	444		1.8	%	427		2.0	%
Total notes payable and short-term borrowings	$	3,850			$	3,525

(1) Notes payable to banks, lines of credit and other includes $390 million and $381 million at October 31, 2017 and 2016, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries.

Schedule of long-term debt

Long-Term Debt

	As of October 31,
	2017			2016
	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
$2,650 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			2,648
$1,100 issued at discount to par at a price of 99.994% in September 2017 at 2.10%, due October 4, 2019, interest payable semi-annually on April 4 and October 4 of each year	1,100			—
$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	3,000			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			1,348
$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	2,495			2,494
$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			750
$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
$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
Other, including capital lease obligations, at 0.00%-6.05%, due in calendar years 2017-2030(2)	286			300
Fair value adjustment related to hedged debt	(142		)	103
Unamortized debt issuance costs(3)	(47		)	(50		)
Less: current portion	(3,005		)	(2,772		)
Total long-term debt	$	10,182		$	12,168

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

(2) Other, including capital lease obligations includes $160 million and $181 million as of October 31, 2017 and 2016, 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.

(3) In April 2015, the FASB issued ASU 2015-03, which simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability rather than an asset that is amortized. During the first quarter of fiscal 2017, the Company adopted the standard retrospectively for the prior period presented.

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

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

		Fiscal years ended October 31,
Expense	Location	2017		2016		2015
		In millions
Financing interest	Financing interest	$	265	$	249	$	240
Interest expense	Interest and other, net	334		298		9
Total interest expense		$	599	$	547	$	249

Schedule of aggregate future maturities of long-term debt at face value

As of October 31, 2017, aggregate future maturities of the Company's long-term debt at face value (excluding a fair value adjustment related to hedged debt of $142 million and a net discount on debt issuance of $10 million), including capital lease obligations were as follows:

Fiscal year	In millions
2018	$	3,023
2019	1,129
2020	3,028
2021	47
2022	1,354
Thereafter	4,805
Total	$	13,386