LONG-TERM EXTERNAL BORROWINGS

6 Months Ended

May 03, 2026

LONG-TERM EXTERNAL BORROWINGS

LONG-TERM EXTERNAL BORROWINGS

(8) LONG-TERM EXTERNAL BORROWINGS

Long-term external borrowings consisted of the following:

	May 3		November 2		April 27
	2026		2025		2025
Medium-term notes	$	30,255.6	$	31,394.0	$	31,416.7
Finance lease obligations		.2		.2		.1
Debt issuance costs and debt discounts		(85.8)		(92.3)		(96.9)
Total	$	30,170.0	$	31,301.9	$	31,319.9

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 $30,526.5, $31,595.1, and $31,713.4 at May 3, 2026, November 2, 2025, and April 27, 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.