Debt (Tables)

9 Months Ended

Jul. 31, 2019

Debt Disclosure [Abstract]

Debt

The following tables present the components of Notes payable and current maturities of long-term debt and Long-term debt in our Consolidated Balance Sheets:

(in millions)	July 31, 2019		October 31, 2018
Manufacturing operations
Senior Secured Term Loan Credit Agreement, due 2025, net of unamortized discount of $6 and $7, respectively, and unamortized debt issuance costs of $10 and $11, respectively	$	1,560	$	1,570
6.625% Senior Notes, due 2026, net of unamortized debt issuance costs of $15 and $17, respectively	1,085		1,083
4.75% Senior Subordinated Convertible Notes, due 2019, net of unamortized discount of $5 and unamortized debt issuance costs of $1	—		405
Loan Agreement related to 6.75% Tax Exempt Bonds, due 2040, net of unamortized debt issuance costs of $5 at both dates	220		220
Financed lease obligations	54		122
Other	10		26
Total Manufacturing operations debt	2,929		3,426
Less: Current portion	30		461
Net long-term Manufacturing operations debt	$	2,899	$	2,965

(in millions)	July 31, 2019		October 31, 2018
Financial Services operations
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2023, net of unamortized debt issuance costs of $5 and $4, respectively	$	1,102	$	948
Senior secured NFC Term Loan, due 2025, net of unamortized discount of $2 and unamortized debt issuance costs of $4	—		394
Bank credit facilities, at fixed and variable rates, due dates from 2019 through 2025, net of unamortized debt issuance costs of zero and $2, respectively	1,000		519
Commercial paper, at variable rates, program matures in 2022	71		75
Borrowings secured by operating and finance leases, at various rates, due serially through 2024	102		105
Total Financial Services operations debt	2,275		2,041
Less: Current portion	646		485
Net long-term Financial Services operations debt	$	1,629	$	1,556