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Long-term Debt (Notes)
3 Months Ended
Apr. 30, 2014
Long-term Debt, Unclassified [Abstract]  
Long-term Debt [Text Block]
Long-term Debt
The following table provides the changes in the Company's long-term debt for the three months ended April 30, 2014:
(Amounts in millions)
 
Long-term debt due within one year
 
Long-term debt
 
Total
Balances as of February 1, 2014
 
$
4,103

 
$
41,771

 
$
45,874

          Proceeds from long-term debt
 

 
4,519

 
4,519

          Repayments of long-term debt
 
(1,574
)
 

 
(1,574
)
          Reclassifications of long-term debt
 
750

 
(750
)
 

          Other
 
8

 
159

 
167

Balances as of April 30, 2014
 
$
3,287

 
$
45,699

 
$
48,986


Issuances
On April 8, 2014, the Company issued €1.5 billion aggregate principal amount of fixed rate notes resulting in cash proceeds that were the equivalent of approximately $2.0 billion, net of discounts and issuance costs. The issuances consisted of €850 million aggregate principal amount of 1.900% Notes due 2022 and €650 million aggregate principal amount of 2.550% Notes due 2026. The proceeds were used to pay down and refinance existing debt and for other general corporate purposes.
On April 22, 2014, the Company issued $2.5 billion aggregate principal amount of fixed rate notes resulting in cash proceeds of approximately $2.5 billion, net of discounts and issuance costs. The issuances consisted of $500 million aggregate principal amount of 1.000% Notes due 2017, $1.0 billion aggregate principal amount of 3.300% Notes due 2024 and $1.0 billion aggregate principal amount of 4.300% Notes due 2044. The proceeds were used to pay down and refinance existing debt and for other general corporate purposes.
The Company also received additional proceeds from other, smaller long-term debt issuances by several of its international operations.
Maturities
On February 3, 2014, $500 million of 3.000% Notes matured and were repaid and on April 14, 2014, $1.0 billion of 1.625% Notes matured and were repaid.
The Company also repaid other, smaller long-term debt as it matured in several of its international operations.