Debt (Tables)

6 Months Ended

Apr. 30, 2021

Debt Disclosure [Abstract]

Schedule of 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)	April 30, 2021		October 31, 2020
Manufacturing operations
Senior Secured Term Loan Credit Agreement, due 2025, net of unamortized discount of $4 and $5, respectively, and unamortized debt issuance costs of $7 and $8, respectively	$	1,537	$	1,543
9.5% Senior Secured Notes, due 2025, net of unamortized debt issuance costs of $10 and $11, respectively	590		589
6.625% Senior Notes, due 2026, net of unamortized debt issuance costs of $12 and $13, respectively	1,088		1,087
Loan Agreement related to 4.75% Tax Exempt Bonds, due 2040, net of unamortized debt issuance costs of $2 at both dates	223		223
Financed lease obligations	36		45
Other	6		9
Total Manufacturing operations debt	3,480		3,496
Less: Current portion	39		45
Net long-term Manufacturing operations debt	$	3,441	$	3,451

(in millions)	April 30, 2021		October 31, 2020
Financial Services operations
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2022, net of unamortized debt issuance costs of $2 and $4, respectively	$	967	$	724
Bank credit facilities, at fixed and variable rates, due dates from 2021 through 2026, net of unamortized debt issuance costs of less than $1 and $1, respectively	836		940
Commercial paper, at variable rates, program matures in 2022	15		—
Borrowings secured by operating and finance leases, at various rates, due serially through 2026	169		170
Total Financial Services operations debt	1,987		1,834
Less: Current portion	804		595
Net long-term Financial Services operations debt	$	1,183	$	1,239