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Long-Term Borrowings
 12 Months Ended
Oct. 31, 2015
Long-Term Borrowings  
Long-Term Borrowings

Note 9. Long-Term Borrowings

Long-term borrowings of the Company at October 31 consisted of the following (in millions of dollars):

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Senior Debt:

 

 

 

 

 

 

 

Medium-term notes due 2016-2025 (principal $16,243.4 - 2015, $16,374.9 - 2014):

 

$
16,482.8

*

$
16,573.0

*

Average interest rate of 1.3% - 2015, 1.1% - 2014

 

 

 

 

 

 

 

2.75% Senior notes due 2022 ($500.0 principal):

 

 
512.4

*

 
498.1

*

Swapped $500.0 to variable interest rate of 1.1% - 2015, .9% - 2014

 

 

 

 

 

 

 

Other notes

 

 

 

 

 

.2

 

Total senior debt

 

 
16,995.2

 

 
17,071.3

 

Unamortized debt discount

 

 
(14.7)

 

 
(15.0)

 

Total **

 

$
16,980.5

 

$
17,056.3

 

 

*             Includes unamortized fair value adjustments related to interest rate swaps.

**           All interest rates are as of year-end.

The approximate principal amounts of long-term borrowings maturing in each of the next five years, in millions of dollars, are as follows: 2016 - $4,456.8, 2017 - $4,500.0, 2018 - $4,379.3, 2019 - $2,479.3 and 2020 - $2,041.4.