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LONG-TERM BORROWINGS (Tables) | 9 Months Ended
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Aug. 01, 2021
LONG-TERM BORROWINGS |
Long-Term Borrowings | Long-term borrowings were as follows in millions of dollars. The financial services medium-term notes include fair value adjustments related to interest rate swaps.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | August 1 | ​ | November 1 | ​ | August 2 | ​
​ |  | 2021 |  | 2020 |  | 2020 | ​
Equipment Operations | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
U.S. dollar notes and debentures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
8½% debentures due 2022 | ​ | ​ | ​ | ​ | $ | 105 | ​ | $ | 105 | ​
2.60% notes due 2022 | ​ | ​ | ​ | ​ |  | 1,000 | ​ |  | 1,000 | ​
2.75% notes due 2025 | ​ | $ | 700 | ​ | ​ | 700 | ​ | ​ | 700 | ​
6.55% debentures due 2028 | ​ |  | 200 | ​ |  | 200 | ​ |  | 200 | ​
5.375% notes due 2029 | ​ |  | 500 | ​ |  | 500 | ​ |  | 500 | ​
3.10% notes due 2030 | ​ | ​ | 700 | ​ | ​ | 700 | ​ | ​ | 700 | ​
8.10% debentures due 2030 | ​ |  | 250 | ​ |  | 250 | ​ |  | 250 | ​
7.125% notes due 2031 | ​ |  | 300 | ​ |  | 300 | ​ |  | 300 | ​
3.90% notes due 2042 | ​ |  | 1,250 | ​ |  | 1,250 | ​ |  | 1,250 | ​
2.875% notes due 2049 | ​ | ​ | 500 | ​ | ​ | 500 | ​ | ​ | 500 | ​
3.75% notes due 2050 | ​ | ​ | 850 | ​ | ​ | 850 | ​ | ​ | 850 | ​
Euro notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
.5% notes due 2023 (€500 principal) | ​ | ​ | 594 | ​ | ​ | 584 | ​ | ​ | 592 | ​
1.375% notes due 2024 (€800 principal) | ​ | ​ | 951 | ​ | ​ | 934 | ​ | ​ | 948 | ​
1.85% notes due 2028 (€600 principal) | ​ | ​ | 713 | ​ | ​ | 700 | ​ | ​ | 711 | ​
2.20% notes due 2032 (€600 principal) | ​ | ​ | 713 | ​ | ​ | 700 | ​ | ​ | 711 | ​
1.65% notes due 2039 (€650 principal) | ​ | ​ | 773 | ​ | ​ | 759 | ​ | ​ | 770 | ​
Finance lease obligations and other notes | ​ |  | 44 | ​ |  | 153 | ​ |  | 193 | ​
Less debt issuance costs and debt discounts | ​ | ​ | 56 | ​ | ​ | 61 | ​ | ​ | 63 | ​
Total |  | ​ | 8,982 |  | ​ | 10,124 |  | ​ | 10,217 | ​
Financial Services |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Notes and debentures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Medium-term notes: (principal as of: August 1, 2021 - $21,892, November 1, 2020 - $20,996, August 2, 2020 - $22,032) |  | ​ | 22,346 | ​ | ​ | 21,661 | ​ | ​ | 22,826 | ​
Other notes | ​ |  | 1,015 | ​ |  | 1,003 | ​ |  | 1,051 | ​
Less debt issuance costs and debt discounts | ​ | ​ | 63 | ​ | ​ | 54 | ​ | ​ | 57 | ​
Total | ​ |  | 23,298 | ​ |  | 22,610 | ​ |  | 23,820 | ​
Long-term borrowings |  | $ | 32,280 | ​ | $ | 32,734 | ​ | $ | 34,037 | ​

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