Cash Flow Information

12 Months Ended

Oct. 31, 2016

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 2016, 2015 and 2014 were $421.4 million, $308.3 million and $315.1 million, respectively. Cash payments (receipts) for income taxes during these same periods were $(80.6) million, $134.5 million and $301.0 million, respectively.