TOTAL SHORT-TERM BORROWINGS (Tables)

12 Months Ended

Oct. 31, 2012

TOTAL SHORT-TERM BORROWINGS

Short-Term Borrowings

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

	2012			2011
Equipment Operations
Commercial paper	$	146		$	265
Notes payable to banks	84			19
Long-term borrowings due within one year	195			244
Total	425			528
Financial Services
Commercial paper	1,061			1,014
Notes payable to banks	117			61
Long-term borrowings due within one year	4,790		*	5,249		*
Total	5,968			6,324
Short-term borrowings	6,393			6,852
Financial Services
Short-term securitization borrowings	3,575			2,777
Total short-term borrowings	$	9,968		$	9,629

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