Leases (Tables)

3 Months Ended

Jan. 31, 2020

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense are as follows:

	Three months ended
	January 31, 2020
	In millions
Operating lease cost	$	67
Variable cost	27
Total lease expense	$	94

The following table presents supplemental information relating to the cash flows arising from lease transactions. Cash payments made from variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:

	Three months ended January 31, 2020
	In millions
Cash paid for amount included in the measurement of lease liabilities:	$	63
Right-of-use assets obtained in exchange of lease liabilities(1):	$	27

⁽¹⁾ Includes the impact of new leases as well as remeasurements and modifications to existing leases.

Weighted-average information associated with the measurement of our remaining operating lease liabilities is as follows:

	As of
	January 31, 2020
Weighted-average remaining lease term in years:	7
Weighted-average discount rate	2.3	%

Future Operating Lease Payments

The following maturity analysis presents expected undiscounted cash outflows for operating leases on an annual basis for the next five years, with the exception of 2020, which presents the expected undiscounted cash outflows for operating leases for the remaining nine months of the year.

Fiscal year	In millions
2020	$	218
2021	219
2022	175
2023	140
2024	113
Thereafter	425
Total lease payments	1,290
Less: Imputed interest	(115		)
Total lease liabilities	$	1,175

The following table, which was included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2019, depicts gross minimum rental commitments under non-cancelable leases for real estate, personal property leases, sublease income commitments and operating lease commitments at October 31, 2019.

Fiscal year	In millions
Less than 1 year	$	284
1-3 years	399
3-5 years	262
More than 5 years	395
Total (1)	$	1,340

⁽¹⁾ Amount represents operating lease obligations, net of total sublease income of $130 million.