XML 109 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Cash flows from operating activities:      
Net earnings $ 1,049 $ 1,908 $ 344
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 2,535 2,576 3,051
Impairment of goodwill 0 88 0
Stock-based compensation expense 268 286 428
Provision for inventory and doubtful accounts 240 198 129
Restructuring charges 221 550 964
Deferred taxes on earnings 1,079 2,229 (1,122)
(Earnings) loss from equity interests (20) (38) 23
Dividends received from equity investee 156 164 98
Other, net 204 (158) 543
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 374 (220) 457
Financing receivables (410) (366) (462)
Inventory 46 (260) (542)
Accounts payable (525) (27) 992
Taxes on earnings (1,093) (4,516) (265)
Restructuring (331) (647) (800)
Other assets and liabilities [1] 204 1,197 (2,503)
Net cash provided by operating activities 3,997 2,964 1,335
Cash flows from investing activities:      
Investment in property, plant and equipment (2,856) (2,956) (3,137)
Proceeds from sale of property, plant and equipment 597 1,094 679
Purchases of available-for-sale securities and other investments (39) (33) (45)
Maturities and sales of available-for-sale securities and other investments 26 98 38
Financial collateral posted (403) (1,625) (1,234)
Financial collateral received 744 1,736 572
Payments made in connection with business acquisitions, net of cash acquired (1,526) (207) (2,202)
Proceeds from business divestitures, net 0 13 (20)
Net cash used in investing activities (3,457) (1,880) (5,349)
Cash flows from financing activities:      
Short-term borrowings with original maturities less than 90 days, net (53) 5 18
Proceeds from debt, net of issuance costs 3,517 2,457 2,259
Payment of debt (2,203) (4,138) (3,783)
Settlement of cash flow hedge 0 0 5
Net proceeds related to stock-based award activities 48 116 108
Repurchase of common stock (2,249) (3,568) (2,556)
Restricted cash transfer [2] 0 0 (29)
Cash dividends paid to non-controlling interests 0 (9) 0
Cash dividends paid (608) (570) (428)
Net cash (used in) provided by financing activities (1,548) (5,592) 164
(Decrease) in cash, cash equivalents and restricted cash (1,008) (4,508) (3,850)
Cash, cash equivalents and restricted cash at beginning of period 5,084 9,592 13,442
Cash, cash equivalents and restricted cash at end of period 4,076 5,084 9,592
Supplemental cash flow disclosures:      
Income taxes paid, net of refunds 518 538 836
Interest expense paid 593 609 415
Supplemental schedule of non-cash investing and financing activities:      
Net assets transferred to Everett and Seattle 0 0 5,946
Everett SpinCo, Inc.      
Cash flows from financing activities:      
Net transfer of cash and cash equivalents 0 (41) (711)
Cash dividend [3] 0 0 3,008
Seattle SpinCo, Inc.      
Cash flows from financing activities:      
Net transfer of cash and cash equivalents 0 156 (227)
Cash dividend [4] $ 0 $ 0 $ 2,500
[1]
For fiscal 2017, the amount includes $1.9 billion of pension funding payments associated with the separation and merger of Everett SpinCo, Inc. with Computer Sciences Corporation.
[2] In fiscal 2017, represents the difference between the net proceeds from the Seattle debt issuance in the third quarter of fiscal 2017 and the amount held in escrow through the close of the transaction. This was settled in the fourth quarter of fiscal 2017 with the net transfer of cash and cash equivalents to Seattle.
[3] In fiscal 2017, represents a $3.0 billion cash dividend payment from Everett SpinCo, Inc. to HPE, the proceeds of which were funded from the issuance of $3.5 billion of debt by Everett SpinCo, Inc. The debt was retained by Everett SpinCo, Inc.
[4] In fiscal 2017, represents a $2.5 billion cash dividend payment from Seattle SpinCo, Inc. to HPE, the proceeds of which were funded from the issuance of $2.6 billion of aggregate debt by Seattle SpinCo, Inc. The debt was retained by Seattle SpinCo, Inc.