Long-Term Borrowings

12 Months Ended

Oct. 31, 2016

Long-Term Borrowings

Long-Term Borrowings

Note 9. Long-Term Borrowings

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

	2016			2015
Senior Debt:
Medium-term notes due 2017-2026 (principal $15,821.1 - 2016, $16,243.4 - 2015):	$	16,046.0	*	$	16,482.8	*
Average interest rate of 1.7% - 2016, 1.3% - 2015
2.75% Senior notes due 2022 ($500.0 principal):		519.0	*		512.4	*
Swapped $500.0 to variable interest rate of 1.6% - 2016, 1.1% - 2015
Other notes		11.3
Total senior debt		16,576.3			16,995.2
Unamortized debt discount		(7.4)			(14.7)
Total **	$	16,568.9		$	16,980.5

*             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: 2017 - $4,509.8, 2018 - $4,408.9, 2019 - $4,250.7, 2020 - $2,328.8 and 2021 - $2,000.0.