XML 54 R27.htm IDEA: XBRL DOCUMENT
v3.21.2

LONG-TERM BORROWINGS | 12 Months Ended
--- | ---
Oct. 31, 2021
LONG-TERM BORROWINGS |
LONG-TERM BORROWINGS | 20. LONG-TERM BORROWINGS Long-term borrowings at October 31, 2021 and November 1, 2020 consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Equipment Operations | ​ | ​ |  | ​ | ​ |  | ​
U.S. dollar notes and debentures: | ​ | ​ | ​ | ​ | ​ | ​ | ​
8½% debentures due 2022 | ​ | ​ | ​ | ​ | $ | 105 | ​
2.60% notes due 2022 | ​ | ​ | ​ | ​ |  | 1,000 | ​
2.75% notes due 2025 | ​ | $ | 700 | ​ | ​ | 700 | ​
6.55% debentures due 2028 | ​ |  | 200 | ​ |  | 200 | ​
5.375% notes due 2029 | ​ |  | 500 | ​ |  | 500 | ​
3.10% notes due 2030 | ​ | ​ | 700 | ​ | ​ | 700 | ​
8.10% debentures due 2030 | ​ |  | 250 | ​ |  | 250 | ​
7.125% notes due 2031 | ​ |  | 300 | ​ |  | 300 | ​
3.90% notes due 2042 | ​ |  | 1,250 | ​ |  | 1,250 | ​
2.875% notes due 2049 | ​ | ​ | 500 | ​ | ​ | 500 | ​
3.75% notes due 2050 | ​ | ​ | 850 | ​ | ​ | 850 | ​
Euro notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​
.5% notes due 2023 (€500 principal) | ​ | ​ | 584 | ​ | ​ | 584 | ​
1.375% notes due 2024 (€800 principal) | ​ | ​ | 934 | ​ | ​ | 934 | ​
1.85% notes due 2028 (€600 principal) | ​ | ​ | 701 | ​ | ​ | 700 | ​
2.20% notes due 2032 (€600 principal) | ​ | ​ | 701 | ​ | ​ | 700 | ​
1.65% notes due 2039 (€650 principal) | ​ | ​ | 759 | ​ | ​ | 759 | ​
Finance lease obligations and other notes | ​ |  | 40 | ​ |  | 153 | ​
Less debt issuance costs and debt discounts | ​ | ​ | (54) | ​ | ​ | (61) | ​
Total |  | ​ | 8,915 |  | ​ | 10,124 | ​
Financial Services |  | ​ | ​ |  | ​ | ​ | ​
Notes and debentures: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Medium-term notes due 2022 - 2031: (principal $22,647 - 2021, $20,996 - 2020) Average interest rates of 1.2% - 2021, 1.7% - 2020 |  | ​ | 22,899 | * | ​ | 21,661 | *
Other notes | ​ |  | 1,138 | ​ |  | 1,003 | ​
Less debt issuance costs and debt discounts | ​ | ​ | (64) | ​ | ​ | (54) | ​
Total | ​ |  | 23,973 | ​ |  | 22,610 | ​
Long-term borrowings** |  | $ | 32,888 | ​ | $ | 32,734 | ​
* Includes unamortized fair value adjustments related to interest rate swaps. ** All interest rates are as of year-end. ​ The principal amounts of the equipment operations’ long-term borrowings maturing in each of the next five years in millions of dollars are as follows: 2022 - $1,214, 2023 - $585, 2024 - $935, 2025 - $700, and 2026 - $0. The principal amounts of the financial services’ long-term borrowings maturing in each of the next five years in millions of dollars are as follows: 2022 - $7,120, 2023 - $6,834, 2024 - $6,089, 2025 - $2,305, and 2026 - $3,373.

X
- References No definition available. + Details
Name: | us-gaap_LongTermDebtNoncurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration