TOTAL SHORT-TERM BORROWINGS

6 Months Ended

May 01, 2022

TOTAL SHORT-TERM BORROWINGS

TOTAL SHORT-TERM BORROWINGS

(12)  Total Short-Term Borrowings

Total short-term borrowings were as follows in millions of dollars:

	May 1		October 31		May 2
	2022		2021		2021
Equipment Operations
Notes payable to banks	$	407	$	273	$	122
Finance lease obligations due within one year		21		23		24
Long-term borrowings due within one year		1,126		1,213		206
Total		1,554		1,509		352
Financial Services
Commercial paper		3,403		2,230		2,259
Notes payable to banks		148		63		89
Long-term borrowings due within one year		7,308		7,117		7,211
Total		10,859		9,410		9,559
Short-term borrowings		12,413		10,919		9,911
Short-term securitization borrowings
Equipment Operations		5		10		14
Financial Services		4,001		4,595		4,092
Total		4,006		4,605		4,106
Total short-term borrowings	$	16,419	$	15,524	$	14,017