LONG-TERM EXTERNAL BORROWINGS

6 Months Ended

Apr. 27, 2025

LONG-TERM EXTERNAL BORROWINGS

LONG-TERM EXTERNAL BORROWINGS

(8) LONG-TERM EXTERNAL BORROWINGS

Long-term external borrowings consisted of the following:

	April 27		October 27		April 28
	2025		2024		2024
Medium-term notes	$	31,416.7	$	33,835.8	$	30,256.9
Finance lease obligations		.1		.1		.2
Less debt issuance costs and debt discounts		(96.9)		(110.5)		(90.9)
Total	$	31,319.9	$	33,725.4	$	30,166.2

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 $31,713.4, $34,398.2, and $31,366.3 at April 27, 2025, October 27, 2024, and April 28, 2024, 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.