Contractual Obligations New Accounting Pronouncements 38 From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) and are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards will not have a material impact on our future financial condition and results of operations. See Note 2s,  New Accounting Pronouncements,  of the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K for a description of recently issued and adopted accounting pronouncements, including the dates of adoption and impact on our historical financial condition and results of operations. As of October 31, 2020, we had no off-balance sheet financing arrangements. The expected timing of payments and the amounts of the obligations discussed above are estimated based on current information available as of October 31, 2020. As of October 31, 2020, our total liabilities associated with uncertain tax positions was $24.7 million, which are included in non-current income taxes payable in our Consolidated Balance Sheets contained in Item 8 of this Annual Report on Form 10-K. Due to the complexity associated with our tax uncertainties, we cannot make a reasonably reliable estimate of the period in which we expect to settle the non-current liabilities associated with these uncertain tax positions. Therefore, we have not included these uncertain tax positions in the above contractual obligations table. Off-balance Sheet Arrangements (1) Tax obligation relates to the one-time tax on deemed repatriated earnings under the Tax Cuts and Jobs Act of 2017 enacted in fiscal 2018. See Note 12, Income Taxes , of the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K for further discussion. (2) Certain of our operating lease obligations include escalation clauses. These escalating payment requirements are reflected in the table. (3) Amounts primarily represent future fixed and non-cancellable cash payments associated with software technology and licenses, including the payments due within the next twelve months. (4) Debt obligations are assumed to be held to maturity. (5) These payments relate to obligations under our deferred compensation plan. The deferred compensation plan allows certain members of management and other highly-compensated employees and non-employee directors to defer receipt of all or any portion of their compensation. The amount in the “More than 5 Years” column of the table represents the remaining total balance under the deferred compensation plan to be paid to participants who have not terminated employment. Since we cannot reasonably estimate the timing of withdrawals for participants who have not yet terminated employment, we have included the future obligation to these participants in the “More than 5 Years” column of the table. (6) Our funding policy for our foreign defined benefit plans is consistent with the local requirements of each country. The payment obligations in the table are estimates of our expected contributions to these plans for the current fiscal year. The actual future payments may differ from the amounts presented in the table and reasonable estimates of payments beyond one year are not practical because of potential future changes in variables, such as plan asset performance, interest rates and the rate of increase in compensation levels. As of October 31, 2020, our net liability related to our defined benefit plans was $79.2 million. See Note 11,  Retirement Plans , of the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K for further discussion. The table below summarizes our contractual obligations in specified periods as of October 31, 2020: Payment due by period Less than More than (thousands) Total 1 Year 1-3 Years 3-5 Years 5 Years Contractual obligations: Transition tax (1) $ 626,742  $ 59,690  $ 119,380  $ 261,143  $ 186,529  Operating leases (2) 380,843  49,526  83,038  74,570  173,709  Other long-term liabilities (3) 69,921  37,131  31,333  87  1,370  Debt obligations (4) 5,175,000  —  1,825,000  950,000  2,400,000  Interest payments associated with debt obligations 1,299,346  161,321  289,731  220,494  627,800  Deferred compensation plan (5) 52,956  801  —  —  52,155  Pension funding (6) 6,985  6,985  —  —  —  Total $ 7,611,793  $ 315,454  $ 2,348,482  $ 1,506,294  $ 3,441,563 