Long-Term Borrowings

12 Months Ended

Oct. 31, 2014

Note 9. Long-Term Borrowings

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

	2014			2013
Senior Debt:
Medium-term notes due 2015-2024 (principal $16,375 - 2014, $13,447 - 2013):	$	16,573.0	*	$	13,693.4	*
Average interest rate of 1.1% - 2014 and 2013
2.75% Senior notes due 2022 ($500 principal):	498.1		*	491.1		*
Swapped $500 to variable interest rate of .9% - 2014 and 2013
Other notes	.2			25.1
Total senior debt	17,071.3			14,209.6
Unamortized debt discount	(15.0		)	(14.5		)
Total **	$	17,056.3		$	14,195.1

* 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: 2015 - $3,899, 2016 - $4,496, 2017 - $3,650, 2018 - $2,678 and 2019 - $2,528.