Long-Term Borrowings

12 Months Ended

Nov. 01, 2020

Long-Term Borrowings

Long-Term Borrowings

Note 10. Long-Term Borrowings

Long-term borrowings of the Company at November 1, 2020 and November 3, 2019 consisted of the following (in millions of dollars):

	2020			2019
Senior Debt:
Medium-term notes due 2021-2030 (principal $18,668.9 - 2020, $20,794.7 - 2019):	$	19,320.6	*	$	21,055.9	*
Average interest rate of 1.6% - 2020, 2.8% - 2019
Other notes		38.2			51.1
Total senior debt		19,358.8			21,107.0
Unamortized debt discount and debt issuance costs		(47.7)			(54.6)
Total **	$	19,311.1		$	21,052.4

*             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: 2021 - $5,741.3, 2022 - $5,797.4, 2023 - $4,581.5, 2024 - $2,453.2, and 2025 - $1,775.0.