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SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Oct. 29, 2023
SHORT-TERM BORROWINGS  
Short-Term Borrowings and Weighted-average Interest Rates

Short-term borrowings at the end of 2023 and 2022 consisted of:

    

2023

    

2022

 

Commercial paper

     

$

9,100

     

$

4,703

 

Notes payable to banks

483

 

402

Finance lease obligations due within one year

25

21

Long-term borrowings due within one year

 

8,331

 

7,466

Short-term borrowings

$

17,939

$

12,592

The weighted-average interest rates at the end of 2023 and 2022 were:

    

2023

    

2022

 

Short-term borrowings:

              

              

Commercial paper

     

5.4%

     

3.4%

  

Notes payable to banks

31.6%

 

11.9%

Notes payable to banks, excluding Argentina

8.8%

 

6.6%