Short-term Borrowings and Long-term Debt (Notes)

9 Months Ended

Oct. 31, 2019

Short-term Borrowings and Long-term Debt [Abstract]

Short-term Borrowings and Long-term Debt

The Company has various committed lines of credit in the U.S. that are used to support its commercial paper program. In total, the Company has committed lines of credit in the U.S. of $15 billion at October 31, 2019 and January 31, 2019, all undrawn.

The following table provides the changes in the Company's long-term debt for the nine months ended October 31, 2019:



(Amounts in millions)	Long-term debt due within one year			Long-term debt			Total
Balances as of February 1, 2019	$	1,876		$	43,520		$	45,396
Proceeds from issuance of long-term debt	—			5,492			5,492
Repayments of long-term debt	(1,907		)	—			(1,907		)
Reclassifications of long-term debt	4,129			(4,129		)	—
Other	(5		)	29			24
Balances as of October 31, 2019	$	4,093		$	44,912		$	49,005

Debt Issuances

Information on long-term debt issued during the nine months ended October 31, 2019 is as follows:



(Amounts in millions)
Issue Date	Principal Amount	Maturity Date	Fixed vs. Floating	Interest Rate	Net Proceeds
April 23, 2019	$1,500	July 8, 2024	Fixed	2.850%	$	1,493
April 23, 2019	$1,250	July 8, 2026	Fixed	3.050%	1,242
April 23, 2019	$1,250	July 8, 2029	Fixed	3.250%	1,243
September 24, 2019	$500	September 24, 2029	Fixed	2.375%	497
September 24, 2019	$1,000	September 24, 2049	Fixed	2.950%	975
Various	$42	Various	Various	Various	42
Total					$	5,492

These issuances, which are used for general corporate purposes, are senior, unsecured notes which rank equally with all other senior, unsecured debt obligations of the Company, and are not convertible or exchangeable. These issuances do not contain any financial covenants which restrict the Company's ability to pay dividends or repurchase company stock.

Maturities

The following table provides details of debt repayments during the nine months ended October 31, 2019:



(Amounts in millions)
Maturity Date	Original Amount	Fixed vs. Floating	Interest Rate	Repayment
February 1, 2019	$500	Fixed	4.125%	$	364
October 20, 2019	$300	Floating	2.281%	300
October 20, 2019	$1,200	Fixed	1.750%	1,200
Various	$43	Various	Various	43
Total repayment of matured debt				$	1,907