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LONG-TERM BORROWINGS (Tables)
 12 Months Ended
Oct. 31, 2014
LONG-TERM BORROWINGS  
Long-Term Borrowings

Long-term borrowings at October 31 consisted of the following in millions of dollars:

 

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Equipment Operations

 

 

 

 

 

Notes and debentures:

 

 

 

 

 

4.375% notes due 2019

 

$

750

 

$

750

 

8-1/2% debentures due 2022

 

105

 

105

 

2.60% notes due 2022

 

1,000

 

1,000

 

6.55% debentures due 2028

 

200

 

200

 

5.375% notes due 2029

 

500

 

500

 

8.10% debentures due 2030

 

250

 

250

 

7.125% notes due 2031

 

300

 

300

 

3.90% notes due 2042

 

1,250

 

1,250

 

Other notes

 

288

 

516

 

 

 

 

 

 

 

Total

 

$

4,643

 

$

4,871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Financial Services

 

 

 

 

 

Notes and debentures:

 

 

 

 

 

Medium-term notes due 2015 – 2024: (principal $17,939 - 2014, $15,055 - 2013) Average interest rates of 1.2% – 2014 and 2013

 

$

18,141

*

$

15,316

*

2.75% senior note due 2022: ($500 principal) Swapped $500 to variable interest rate of .9% – 2014 and 2013

 

498

*

491

*

Other notes

 

1,099

 

900

 

 

 

 

 

 

 

Total

 

19,738

 

16,707

 

 

 

 

 

 

 

Long-term borrowings**

 

$

24,381

 

$

21,578

 

 

 

 

 

 

 

 

*

Includes unamortized fair value adjustments related to interest rate swaps.

**

All interest rates are as of year end.