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Borrowings And Credit Arrangements (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Financial Services Borrowings

Financial Services borrowings include the following:

 

At December 31,

 

2019

 

 

2018

 

 

 

EFFECTIVE

 

 

 

 

 

 

EFFECTIVE

 

 

 

 

 

 

 

RATE

 

 

BORROWINGS

 

 

RATE

 

 

BORROWINGS

 

Commercial paper

 

 

1.5

%

 

$

3,797.2

 

 

 

1.9

%

 

$

3,256.8

 

Bank loans

 

 

7.1

%

 

 

313.0

 

 

 

7.2

%

 

 

284.0

 

 

 

 

 

 

 

 

4,110.2

 

 

 

 

 

 

 

3,540.8

 

Term notes

 

 

1.9

%

 

 

7,112.5

 

 

 

1.8

%

 

 

6,409.7

 

 

 

 

1.9

%

 

$

11,222.7

 

 

 

2.0

%

 

$

9,950.5

 

Annual Maturities of Financial Services Borrowings

The annual maturities of the Financial Services borrowings are as follows:

 

 

 

COMMERCIAL

 

 

BANK

 

 

TERM

 

 

 

 

 

Beginning January 1, 2020

 

PAPER

 

 

LOANS

 

 

NOTES

 

 

TOTAL

 

2020

 

$

3,800.5

 

 

$

114.1

 

 

$

1,716.7

 

 

$

5,631.3

 

2021

 

 

 

 

 

 

107.1

 

 

 

2,216.0

 

 

 

2,323.1

 

2022

 

 

 

 

 

 

66.3

 

 

 

2,191.7

 

 

 

2,258.0

 

2023

 

 

 

 

 

 

20.2

 

 

 

705.3

 

 

 

725.5

 

2024

 

 

 

 

 

 

5.3

 

 

 

300.0

 

 

 

305.3

 

 

 

$

3,800.5

 

 

$

313.0

 

 

$

7,129.7

 

 

$

11,243.2