TOTAL SHORT-TERM BORROWINGS (Tables)

12 Months Ended

Oct. 31, 2016

TOTAL SHORT-TERM BORROWINGS

Short-Term Borrowings

Total short-term borrowings at October 31 consisted of the following in millions of dollars:

	2016		2015
Equipment Operations
Commercial paper			$	225
Notes payable to banks	$	164		154
Long-term borrowings due within one year		85		86
Total		249		465
Financial Services
Commercial paper		1,253		2,743
Notes payable to banks		151		52
Long-term borrowings due within one year*		5,259		5,167
Total		6,663		7,962
Short-term borrowings		6,912		8,427
Financial Services
Short-term securitization borrowings		5,003		4,590
Total short-term borrowings	$	11,915	$	13,017

*    Includes unamortized fair value adjustments related to interest rate swaps.