Leases (Tables)

12 Months Ended

Oct. 31, 2020

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense are as follows:

	For the fiscal year ended October 31, 2020
	In millions
Operating lease cost	$	236
Variable cost	108
Total lease expense	$	344

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:

	For the fiscal year ended October 31, 2020
	In millions
Cash paid for amount included in the measurement of lease liabilities	$	236
Right-of-use assets obtained in exchange of lease liabilities(1)	$	226

(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 October 31, 2020
Weighted-average remaining lease term in years	6
Weighted-average discount rate	3.1	%

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:

Fiscal year	In millions
2021	$	303
2022	247
2023	191
2024	131
2025	110
Thereafter	297
Total lease payments	$	1,279
Less: Imputed interest	(100)
Total lease liabilities	$	1,179

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) Amounts represent the operating lease obligations, net of total sublease income of $130 million.