Borrowings (Tables)

9 Months Ended

Jul. 31, 2013

Borrowings

Notes Payable and Short-Term Borrowings

	July 31, 2013					October 31, 2012
	Amount Outstanding		Weighted- Average Interest Rate			Amount Outstanding		Weighted- Average Interest Rate
	In millions					In millions
Current portion of long-term debt	$	6,907		2.6	%	$	5,744		1.6	%
Commercial paper(1)		293		0.4	%		365		0.9	%
Notes payable to banks, lines of credit and other(1)		424		1.3	%		538		2.3	%
	$	7,624				$	6,647

⁽¹⁾

Commercial paper includes $293 million and $365 million and Notes payable to banks, lines of credit and other includes $350 million and $465 million at July 31, 2013 and October 31, 2012, respectively, of borrowing and funding related activity associated with HP Financial Services ("HPFS") and its subsidiaries.

Long-Term Debt

	July 31, 2013			October 31, 2012
	In millions
U.S. Dollar Global Notes
2006 Shelf Registration Statement:
$500 issued at discount to par at a price of 99.694% in February 2007 at 5.4%, due March 2017	$	499		$	499
$1,500 issued at discount to par at a price of 99.921% in March 2008 at 4.5%, paid March 2013		—			1,500
$750 issued at discount to par at a price of 99.932% in March 2008 at 5.5%, due March 2018		750			750
$2,000 issued at discount to par at a price of 99.561% in December 2008 at 6.125%, due March 2014		1,999			1,998
$1,500 issued at discount to par at a price of 99.993% in February 2009 at 4.75%, due June 2014		1,500			1,500
2009 Shelf Registration Statement:
$1,100 issued at discount to par at a price of 99.921% in September 2010 at 1.25%, due September 2013		1,100			1,100
$1,100 issued at discount to par at a price of 99.887% in September 2010 at 2.125%, due September 2015		1,100			1,100
$650 issued at discount to par at a price of 99.911% in December 2010 at 2.2%, due December 2015		650			650
$1,350 issued at discount to par at a price of 99.827% in December 2010 at 3.75%, due December 2020		1,348			1,348
$1,750 issued at par in May 2011 at three month USD LIBOR plus 0.28%, paid May 2013		—			1,750
$500 issued at par in May 2011 at three month USD LIBOR plus 0.4%, due May 2014		500			500
$500 issued at discount to par at a price of 99.971% in May 2011 at 1.55%, due May 2014		500			500
$1,000 issued at discount to par at a price of 99.958% in May 2011 at 2.65%, due June 2016		1,000			1,000
$1,250 issued at discount to par at a price of 99.799% in May 2011 at 4.3%, due June 2021		1,248			1,248
$750 issued at discount to par at a price of 99.977% in September 2011 at 2.35%, due March 2015		750			750
$1,300 issued at discount to par at a price of 99.784% in September 2011 at 3.0%, due September 2016		1,298			1,298
$1,000 issued at discount to par at a price of 99.816% in September 2011 at 4.375%, due September 2021		999			998
$1,200 issued at discount to par at a price of 99.863% in September 2011 at 6.0%, due September 2041		1,198			1,198
$350 issued at par in September 2011 at three-month USD LIBOR plus 1.55%, due September 2014		350			350
$650 issued at discount to par at a price of 99.946% in December 2011 at 2.625%, due December 2014		650			650
$850 issued at discount to par at a price of 99.790% in December 2011 at 3.3%, due December 2016		849			849
$1,500 issued at discount to par at a price of 99.707% in December 2011 at 4.65%, due December 2021		1,496			1,496
$1,500 issued at discount to par at a price of 99.985% in March 2012 at 2.6%, due September 2017		1,500			1,500
$500 issued at discount to par at a price of 99.771% in March 2012 at 4.05%, due September 2022		499			499
		21,783			25,031
EDS Senior Notes
$1,100 issued June 2003 at 6.0%, paid August 2013		1,100			1,109
$300 issued October 1999 at 7.45%, due October 2029		314			314
		1,414			1,423
Other, including capital lease obligations, at 0.00%-8.39%, due in calendar years 2014-2024(1)		710			680
Fair value adjustment related to hedged debt		124			399
Less: current portion		(6,907	)		(5,744	)
Total long-term debt	$	17,124		$	21,789

⁽¹⁾

Other, including capital lease obligations includes $257 million and $225 million at July 31, 2013 and October 31, 2012, respectively, of borrowing and funding related activity associated with HPFS and its subsidiaries.

Interest expense on borrowings

	Three months ended July 31				Nine months ended July 31
	2013		2012		2013		2012
	In millions
Financing interest	$	77	$	80	$	238	$	238
Interest expense		107		141		332		379
Total interest expense	$	184	$	221	$	570	$	617