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LONG-TERM BORROWINGS (Tables)

12 Months Ended

Oct. 27, 2024

LONG-TERM BORROWINGS

Long-Term Borrowings

Long-term borrowings at the end of 2024 and 2023 consisted of:

​

​	​	​	​	​	​	​	​
​		2024			2023
Underwritten term debt:	​	​		​	​		​
U.S. dollar notes and debentures:	​	​	​	​	​	​	​
2.75% notes due 2025	​	​	​	​	$	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:	​	​	​	​	​	​	​
1.85% notes due 2028 (€600 principal)	​	​	650	​	​	634	​
2.20% notes due 2032 (€600 principal)	​	​	650	​	​	634	​
1.65% notes due 2039 (€650 principal)	​	​	704	​	​	687	​
Serial issuances:	​	​	​	​	​	​	​
Medium-term notes		​	36,566	​	​	29,638	​
Other notes and finance lease obligations	​		265	​		1,769	​
Less: debt issuance costs and debt discounts	​	​	(156)	​	​	(135)	​
Long-term borrowings		$	43,229	​	$	38,477	​

​

​

Medium-term notes due through 2034 are offered by prospectus and issued at fixed and variable rates. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other. The principal balances and weighted-average interest rates at the end of 2024 and 2023 follow:

​

​	​	​	​	​	​	​	​
​		2024			2023
Medium-term notes:	​	​		​	​		​
Principal	​	$	37,141	​	$	30,902	​
Weighted-average interest rates	​	​	5.2%	​	​	4.9%	​

​

​

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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