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Borrowings And Credit Arrangements (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Financial Services Borrowings

Financial Services borrowings include the following:

 

At December 31,

 

2020

 

 

2019

 

 

 

EFFECTIVE

 

 

 

 

 

 

EFFECTIVE

 

 

 

 

 

 

 

RATE

 

 

BORROWINGS

 

 

RATE

 

 

BORROWINGS

 

Commercial paper

 

 

.4

%

 

$

3,113.5

 

 

 

1.5

%

 

$

3,797.2

 

Bank loans

 

 

5.9

%

 

 

230.9

 

 

 

7.1

%

 

 

313.0

 

 

 

 

 

 

 

 

3,344.4

 

 

 

 

 

 

 

4,110.2

 

Term notes

 

 

1.7

%

 

 

7,508.9

 

 

 

1.9

%

 

 

7,112.5

 

 

 

 

1.4

%

 

$

10,853.3

 

 

 

1.9

%

 

$

11,222.7

 

Annual Maturities of Financial Services Borrowings

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

 

 

 

COMMERCIAL

 

 

BANK

 

 

TERM

 

 

 

 

 

Beginning January 1,

 

PAPER

 

 

LOANS

 

 

NOTES

 

 

TOTAL

 

2021

 

$

3,114.2

 

 

$

40.1

 

 

$

2,241.7

 

 

$

5,396.0

 

2022

 

 

 

 

 

 

121.6

 

 

 

2,231.9

 

 

 

2,353.5

 

2023

 

 

 

 

 

 

19.0

 

 

 

2,231.9

 

 

 

2,250.9

 

2024

 

 

 

 

 

 

25.1

 

 

 

415.4

 

 

 

440.5

 

2025

 

 

 

 

 

 

25.1

 

 

 

400.0

 

 

 

425.1

 

 

 

$

3,114.2

 

 

$

230.9

 

 

$

7,520.9

 

 

$

10,866.0