Unsecured Debt (Tables)

12 Months Ended

Nov. 30, 2016

Debt Disclosure [Abstract]

Long-Term Debt and Short-Term Borrowings

Long-term debt and short-term borrowings consisted of the following (in millions):

	November 30, 2016		November 30,
	Interest Rates	Maturities Through	2016			2015
Long-Term Debt
Export Credit Facilities
Fixed rate	2.4% to 5.0%	2027	$	941		$	1,032
Euro fixed rate	3.8% to 4.5%	2025	233			261
Floating rate	1.6% to 2.1%	2026	793			688
Euro floating rate	0.0% to 0.8%	2027	1,649			1,864
Bank Loans
Euro fixed rate	0.6% to 3.9%	2021	612			160
Floating rate	1.3% to 1.8%	2021	800			800
Euro floating rate	0.4% to 0.8%	2021	319			212
Private Placement Notes
Fixed rate	—%	2016	—			42
Euro fixed rate	7.3%	2018	51			130
Publicly-Traded Notes
Fixed rate	1.9% to 7.2%	2028	1,717			2,219
Euro fixed rate	1.1% to 1.9%	2022	1,857			1,324
Other	5.5% to 7.3%	2030	25			25
Short-Term Borrowings
Euro floating rate commercial paper	(0.1)%	2017	451			—
Euro floating rate bank loans	0.9%	2017	6			30
Total Debt			9,454			8,787
Less short-term borrowings			(457		)	(30		)
Less current portion of long-term debt			(640		)	(1,344		)
Total Long-term Debt			$	8,357		$	7,413

Schedule of Composition of Debt

The composition of our debt, including the effect of foreign currency swaps and interest rate swaps, was as follows:

	November 30,
	2016		2015
Fixed rate	28	%	32	%
Euro fixed rate	35	%	28	%
Floating rate	14	%	18	%
Euro floating rate	23	%	22	%

The composition of our debt, including the effect of foreign currency swaps and interest rate swaps, was as follows:

	November 30,
	2016		2015
Fixed rate	28	%	32	%
Euro fixed rate	35	%	28	%
Floating rate	14	%	18	%
Euro floating rate	23	%	22	%

Scheduled Annual Maturities of Debt

At November 30, 2016, the scheduled annual maturities of our debt were as follows (in millions):

	Fiscal
	2017		2018		2019		2020		2021		Thereafter		Total
Short-term borrowings	$	457											$	457
Long-term debt	640		$	2,071	$	1,595	$	1,303	$	1,082	$	2,306	8,997
	$	1,097	$	2,071	$	1,595	$	1,303	$	1,082	$	2,306	$	9,454