Cash Flow Information

12 Months Ended

Oct. 31, 2014

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 2014, 2013 and 2012 were $315 million, $364 million and $506 million, respectively. Cash payments for income taxes during these same periods were $301 million, $228 million and $204 million, respectively.