TOTAL SHORT-TERM BORROWINGS (Tables)

12 Months Ended

Oct. 29, 2017

Total short-term borrowings at October 29, 2017 and October 30, 2016 consisted of the following in millions of dollars:


	2017		2016
Equipment Operations
Notes payable to banks	$	221	$	164
Long-term borrowings due within one year		154		85
Total		375		249
Financial Services
Commercial paper		3,439		1,253
Notes payable to banks		157		151
Long-term borrowings due within one year*		6,064		5,258
Total		9,660		6,662
Short-term borrowings		10,035		6,911
Financial Services
Short-term securitization borrowings**		4,119		4,998
Total short-term borrowings	$	14,154	$	11,909

* Includes unamortized fair value adjustments related to interest rate swaps. Unamortized debt issuance costs were $2 million and $1 million, respectively.

** Includes unamortized debt issuance costs of $4 million and $5 million, respectively.