XML 76 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

SHORT-TERM BORROWINGS | 12 Months Ended
--- | ---
Oct. 29, 2023
SHORT-TERM BORROWINGS |
SHORT-TERM BORROWINGS | 17. SHORT-TERM BORROWINGS Short-term borrowings at the end of 2023 and 2022 consisted of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |
Commercial paper |  | $ | 9,100 |  | $ | 4,703 |
Notes payable to banks | ​ | ​ | 483 |  | ​ | 402 | ​
Finance lease obligations due within one year | ​ | ​ | 25 | ​ | ​ | 21 | ​
Long-term borrowings due within one year | ​ |  | 8,331 | ​ |  | 7,466 | ​
Short-term borrowings | ​ | $ | 17,939 | ​ | $ | 12,592 | ​
​ The weighted-average interest rates at the end of 2023 and 2022 were: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |
Short-term borrowings: | ​ |  | ​ |  | ​
Commercial paper |  | 5.4% |  | 3.4% |
Notes payable to banks | ​ | 31.6% |  | 11.9% | ​
Notes payable to banks, excluding Argentina | ​ | 8.8% |  | 6.6% | ​
​ ​ Worldwide lines of credit were $10.5 billion at October 29, 2023, consisting primarily of:
| ● | a 364-day credit facility agreement of $5.0 billion, expiring in the second quarter of 2024,
| ● | a credit facility agreement of $2.5 billion, expiring in the second quarter of 2027, and
| ● | a credit facility agreement of $2.5 billion, expiring in the second quarter of 2028.
At October 29, 2023, $.8 billion of these worldwide lines of credit were unused. For the purpose of computing the unused credit lines, commercial paper and short-term bank borrowings were considered to constitute utilization. The credit agreements governing these lines of credit require us to maintain certain covenants. All of these credit agreement requirements have been met during the periods included in the consolidated financial statements.

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

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