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LONG-TERM BORROWINGS

3 Months Ended

Jan. 30, 2022

(14) Long-Term Borrowings

Long-term borrowings were as follows in millions of dollars. The financial services medium-term notes include fair value adjustments to interest rate swaps.


	January 30		October 31		January 31
	2022		2021		2021
Equipment Operations
U.S. dollar notes and debentures:
2.60% notes due 2022					$	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)		557		584		606
1.375% notes due 2024 (€800 principal)		891		934		970
1.85% notes due 2028 (€600 principal)		669		701		727
2.20% notes due 2032 (€600 principal)		669		701		727
1.65% notes due 2039 (€650 principal)		724		759		788
Finance lease obligations and other notes		52		40		131
Less debt issuance costs and debt discounts		(52)		(54)		(60)
Total		8,760		8,915		10,139
Financial Services
Notes and debentures:
Medium-term notes: (principal as of: January 30, 2022 - $22,896, October 31, 2021 - $22,647, January 31, 2021 - $20,978)		22,947		22,899		21,549
Other notes		1,194		1,138		1,141
Less debt issuance costs and debt discounts		(63)		(64)		(57)
Total		24,078		23,973		22,633
Long-term borrowings	$	32,838	$	32,888	$	32,772