Long-Term Borrowings

12 Months Ended

Oct. 31, 2011

Long-Term Borrowings

Long-Term Borrowings

Note 10. Long-Term Borrowings

Long-term borrowings of the Company at October 31 consisted of the following (in millions of dollars):

	2011			2010
Senior Debt:
Medium-term notes due 2012-2018 (principal $10,372 - 2011, $8,822 - 2010):	$	10,687.7	*	$	9,145.1	*
Average interest rate of 2.0% - 2011, 3.2% - 2010
7% Notes due 2012 ($1,500 principal):				1,594.1		*
Swapped $500 in 2010 to variable interest rate of 1.3% - 2010
5.10% Debentures due 2013 ($650 principal):	678.8		*	703.2		*
Swapped $450 to variable interest rate of 1.1% - 2011
Swapped $650 to variable interest rate of 1.0% - 2010
Other Notes	36.1			25.6
Total senior debt	11,402.6			11,468.0
Unamortized debt discount	(13.0		)	(16.0		)
Total **	$	11,389.6		$	11,452.0

* Includes unamortized fair value adjustments related to interest rate swaps.

** All interest rates are as of year-end.

The approximate principal amounts of long-term borrowings maturing in each of the next five years, in millions of dollars, are as follows: 2012 - $4,602, 2013 - $3,865, 2014 - $2,087, 2015 - $572, and 2016 - $1,484.