LONG-TERM EXTERNAL BORROWINGS

12 Months Ended

Oct. 27, 2024

LONG-TERM EXTERNAL BORROWINGS

LONG-TERM EXTERNAL BORROWINGS

NOTE 9. LONG-TERM EXTERNAL BORROWINGS

Long-term external borrowings at October 27, 2024 and October 29, 2023 consisted of the following:

	2024		2023
Senior Debt:
Medium-term notes	$	33,835.8	$	27,522.8
Finance lease obligations		.1
Total senior debt		33,835.9		27,522.8
Unamortized debt discount and debt issuance costs		(110.5)		(83.5)
Total	$	33,725.4	$	27,439.3

All outstanding medium-term notes are senior unsecured borrowings and generally rank equally with each other. Medium-term notes due through 2034 are offered by prospectus and issued at fixed and variable rates. The medium-term notes in the table above include unamortized fair value adjustments related to interest rate swaps.

The principal balances and weighted average interest rates on medium-term notes were as follows:

	2024		2023
Medium-term notes:
Principal	$	34,398.2	$	28,733.5
Weighted average interest rates*		5.2%		4.9%

^* Includes impact of interest rate swaps

The principal amounts of medium-term notes maturing in each of the next five years are as follows: 2025 - $7,624.2, 2026 -$8,258.7, 2027 - $6,775.0, 2028 - $4,685.3, and 2029 - $4,998.5.