Long-Term External Borrowings (Tables)

12 Months Ended

Oct. 29, 2023

Long-Term External Borrowings

Long-Term Borrowings

Long-term external borrowings at October 29, 2023 and October 30, 2022 consisted of the following:

	2023		2022
Senior Debt:
Medium-term notes	$	27,522.8	$	22,595.4
Other notes				2.5
Total senior debt		27,522.8		22,597.9
Unamortized debt discount and debt issuance costs		(83.5)		(70.1)
Total	$	27,439.3	$	22,527.8

All outstanding medium-term notes and other notes are senior unsecured borrowings and generally rank equally with each other. Medium-term notes are primarily offered by prospectus and have serial maturity dates through 2033. The medium-term notes in the table above include unamortized fair value adjustments related to interest rate swaps.

The principal balance and weighted-average interest rates on medium-term notes were as follows:

	2023		2022
Medium-term notes:
Principal	$	28,733.5	$	23,564.6
Average interest rates*		4.9%		2.9%

^* Includes impact of interest rate swaps