Cash Flow Information

12 Months Ended

Oct. 31, 2013

Cash Flow Information

Cash Flow Information

Note 17.  Cash Flow Information

For purposes of the statement of consolidated cash flows, the Company considers investments with purchased maturities of three months or less to be cash equivalents. Substantially all of the Company’s short-term borrowings, excluding the securitization borrowings and current maturities of long-term borrowings, mature or may require payment within three months or less.

Cash payments by the Company for interest in 2013, 2012 and 2011 were $364 million, $506 million and $486 million, respectively. Cash payments for income taxes during these same periods were $228 million, $204 million and $125 million, respectively.