Long-Term External Borrowings

12 Months Ended

Oct. 31, 2021

Long-Term External Borrowings

Long-Term External Borrowings

Note 10. Long-Term External Borrowings

Long-term external borrowings of the Company at October 31, 2021 and November 1, 2020 consisted of the following (in millions of dollars):

	2021		2020
Senior Debt:
Medium-term notes	$	20,649.2	$	19,320.6
Other notes		15.6		38.2
Total senior debt		20,664.8		19,358.8
Unamortized debt discount and debt issuance costs		(57.5)		(47.7)
Total	$	20,607.3	$	19,311.1

The medium-term notes in the table above include unamortized fair value adjustments related to interest rate swaps. The principal balance of the medium-term notes was $20,378.2 million and $18,668.9 million at October 31, 2021 and November 1, 2020, respectively, and have maturity dates through 2031. The weighted-average interest rate of medium-term notes at October 31, 2021 and November 1, 2020 was 1.1 percent and 1.6 percent, respectively, and includes both fixed and variable rates. The principal amounts of long-term external borrowings maturing in each of the next five years, in millions of dollars, are as follows: 2022 - $5,820.8, 2023 - $5,969.3, 2024 - $4,999.4, 2025 - $1,775.1, and 2026 - $2,800.0.