LONG-TERM EXTERNAL BORROWINGS

3 Months Ended

Feb. 01, 2026

LONG-TERM EXTERNAL BORROWINGS

LONG-TERM EXTERNAL BORROWINGS

(8) LONG-TERM EXTERNAL BORROWINGS

Long-term external borrowings consisted of the following:

	February 1		November 2		January 26
	2026		2025		2025
Medium-term notes	$	29,721.8	$	31,394.0	$	32,339.9
Finance lease obligations		.2		.2		.1
Debt issuance costs and debt discounts		(85.8)		(92.3)		(103.6)
Total	$	29,636.2	$	31,301.9	$	32,236.4

Medium-term notes due through 2034 are primarily offered by prospectus and issued at fixed and variable rates. The principal balances of the medium-term notes were $29,912.5, $31,595.1, and $33,128.1 at February 1, 2026, November 2, 2025, and January 26, 2025, respectively. All outstanding medium-term notes are senior unsecured borrowings and generally rank equally with each other. The medium-term notes in the table above include unamortized fair value adjustments related to interest rate swaps.