Unsecured Debt (Tables)

12 Months Ended

Nov. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt and Short-Term Borrowings

 

	November 30, 2019		November 30,
(in millions)	Interest Rates	Maturities Through	2019				2018
Long-Term Debt
Export Credit Facilities
Fixed rate	2.4% to 4.4%	2031	$	3,485			$	1,819
EUR fixed rate	1.1% to 4.5%	2031	699				189
Floating rate	2.4% to 2.7%	2022	174				240
EUR floating rate	0.0% to 0.6%	2027	1,040				1,297
Bank Loans
EUR fixed rate	0.5% to 3.9%	2021	221				257
Floating rate	3.1%	2025	300				495
EUR floating rate	0.0% to 0.7%	2023	1,596				1,193
GBP floating rate	1.3% to 1.7%	2023	854			—	848
Publicly-Traded Notes
Fixed rate	4.0% to 7.2%	2028	1,217				1,217
EUR fixed rate	1.0% to 1.9%	2029	1,816				1,989
Short-Term Borrowings
EUR floating rate commercial paper	(0.3)%	2020	231				621
EUR fixed rate bank loans	—%	—	—				227
Total Debt			11,634				10,394
Less: Unamortized debt issuance costs			(131		)		(71		)
Total Debt, net of unamortized debt issuance costs			11,503				10,323
Less: Short-term borrowings			(231		)		(848		)
Less: Current portion of long-term debt			(1,596		)		(1,578		)
Long-Term Debt			$	9,675			$	7,897

Schedule of Annual Maturities of Debt

The scheduled annual maturities of our debt were as follows:

(in millions)
Fiscal	November 30, 2019
2020	$	1,827
2021	1,915
2022	1,352
2023	2,234
2024	680
Thereafter	3,627
	$	11,634