Borrowings (Tables)

12 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Schedule of notes payable and short-term borrowings, including the current portion of long-term debt

Notes payable and short-term borrowings, including the current portion of long-term debt, were as follows:

	As of October 31,
	2021				2020
	Amount Outstanding		Weighted-Average Interest Rate		Amount Outstanding		Weighted-Average Interest Rate
	Dollars in millions
Current portion of long-term debt(1)	$	2,613	2.1	%	$	2,768	2.0	%
Commercial paper	705		(0.3)	%	677		—	%
Notes payable to banks, lines of credit and other	234		1.0	%	310		1.3	%
Total notes payable and short-term borrowings	$	3,552			$	3,755

(1)As of October 31, 2021, the Current portion of long-term debt, net of discount and issuance costs, includes $1.2 billion associated with the Company issued asset-backed debt securities.

Schedule of long-term debt

Long-Term Debt

	As of October 31,
	2021		2020
	In millions
Hewlett Packard Enterprise Unsecured Senior Notes
$1,000 issued at discount to par at a price of 99.883% in July 2020 at 1.45% due April 1, 2024, interest payable semi-annually on April 1 and October 1 of each year	$	999	$	999
$750 issued at discount to par at a price of 99.820% in July 2020 at 1.75% due April 1, 2026, interest payable semi-annually on April 1 and October 1 of each year	749		749
$1,250 issued at discount to par at a price of 99.956% in April 2020 at 4.45% due October 2, 2023, interest payable semi-annually on April 2 and October 2 of each year	1,250		1,250
$1,000 issued at discount to par at a price of 99.817% in April 2020 at 4.65% due October 1, 2024, interest payable semi-annually on April 1 and October 1 of each year	—		998
$500 issued at par in September 2019 at three-month USD LIBOR plus 0.68% due March 12, 2021, interest payable quarterly on March 12, June 12, September 12 and December 12 of each year	—		500
$1,000 issued at discount to par at a price of 99.979% in September 2019 at 2.25% due April 1, 2023, interest payable semi-annually on April 1 and October 1 of each year	1,000		1,000
$500 issued at discount to par at a price of 99.861% in September 2018 at 3.5%, due October 5, 2021, interest payable semi-annually on April 5 and October 5 of each year	—		500
$800 issued at par in September 2018 at three-month USD LIBOR plus 0.72% due October 5, 2021, interest payable quarterly on January 5, April 5, July 5 and October 5 of each year	—		800
$1,350 issued at discount to par at a price of 99.802% in October 2015 at 4.4%, due October 15, 2022, interest payable semi-annually on April 15 and October 15 of each year	1,349		1,349
$2,500 issued at discount to par at a price of 99.725% in October 2015 at 4.9%, due October 15, 2025, interest payable semi-annually on April 15 and October 15 of each year	2,497		2,497
$750 issued at discount to par at a price of 99.942% in October 2015 at 6.2%, due October 15, 2035, interest payable semi-annually on April 15 and October 15 of each year	750		750
$1,500 issued at discount to par at a price of 99.932% in October 2015 at 6.35%, due October 15, 2045, interest payable semi-annually on April 15 and October 15 of each year	1,499		1,499
Hewlett Packard Enterprise Asset-Backed Debt Securities
$753 issued in June 2021, in six tranches at a weighted average price of 99.99% and a weighted average interest rate of 0.58%, payable monthly from August 2021 with a stated final maturity date of March 2029	636		—
$1,000 issued in March 2021, in six tranches at a weighted average price of 99.99% and a weighted average interest rate of 0.49%, payable monthly from April 2021 with a stated final maturity date of March 2031	676		—
$1,000 issued in June 2020, in six tranches at a weighted average price of 99.99% and a weighted average interest rate of 1.19%, payable monthly from August 2020 with a stated final maturity date of July 2030	442		822
$755 issued in February 2020 of in six tranches at a weighted average price of 99.99% and a weighted average interest rate of 1.87%, payable monthly from April 2020 with a stated final maturity date of February 2030	261		519
$763 issued in September 2019, in six tranches at a discount to par, at a weighted average price of 99.99% and a weighted average interest rate of 2.31%, payable monthly from November 2019 with a stated final maturity date of September 2029	145		385
Other, including capital lease obligations, at 1.1%-9.0%, due in calendar years 2021-2030(1)	198		171
Fair value adjustment related to hedged debt	95		220
Unamortized debt issuance costs	(37)		(54)
Less: current portion	(2,613)		(2,768)
Total long-term debt	$	9,896	$	12,186

(1)Other, including capital lease obligations includes $70 million and $98 million as of October 31, 2021 and 2020, respectively, of borrowing- and funding-related activity associated with FS and its subsidiaries that are collateralized by receivables and underlying assets associated with the related capital and operating leases. For both the periods presented, the carrying amount of the assets approximated the carrying amount of the borrowings.

Schedule of interest expense on borrowings recognized in the Combined and Consolidated Statements of Earnings

Interest expense on borrowings recognized in the Consolidated Statements of Earnings was as follows:

		For the fiscal years ended October 31,
Expense	Location	2021		2020		2019
		In millions
Financing interest	Financing interest	$	212	$	271	$	297
Interest expense	Interest and other, net	289		332		311
Total interest expense		$	501	$	603	$	608

Schedule of aggregate future maturities of long-term debt at face value

As of October 31, 2021, aggregate future maturities of the Company's borrowings at face value (excluding a fair value adjustment related to hedged debt of $95 million and a net discount on debt issuance of $7 million), including capital lease obligations were as follows:

Fiscal year	In millions
2022	$	2,602
2023	3,054
2024	1,248
2025	2,516
2026	761
Thereafter	2,276
Total	$	12,457