LONG-TERM BORROWINGS (Tables)

12 Months Ended

Oct. 29, 2017

LONG-TERM BORROWINGS

Long-Term Borrowings

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

	2017			2016
Equipment Operations
U.S. dollar notes and debentures:
4.375% notes due 2019	$	750		$	750
8-1/2% debentures due 2022		105			105
2.60% notes due 2022		1,000			1,000
6.55% debentures due 2028		200			200
5.375% notes due 2029		500			500
8.10% debentures due 2030		250			250
7.125% notes due 2031		300			300
3.90% notes due 2042		1,250			1,250
Euro notes:
Medium-term notes due 2020 - 2023: (principal €850 - 2017) Average interest rate of .3% - 2017		990
Other notes		166			231
Less debt issuance costs		20			21
Total		5,491			4,565
Financial Services
Notes and debentures:
Medium-term notes due 2018 - 2027: (principal $18,678 - 2017, $17,203 - 2016) Average interest rates of 2.0% - 2017, 1.7% - 2016		18,601	*		17,434	*
2.75% senior note due 2022: ($500 principal) Swapped $500 to variable interest rate of 2.0% - 2017, 1.6% - 2016		502	*		519	*
Other notes		1,339			1,221
Less debt issuance costs		42			36
Total		20,400			19,138
Long-term borrowings**	$	25,891		$	23,703

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

**  All interest rates are as of year end.