LONG-TERM BORROWINGS (Tables)

12 Months Ended

Nov. 02, 2025

LONG-TERM BORROWINGS

Long-Term Borrowings

Long-term borrowings at the end of 2025 and 2024 consisted of:

	2025		2024
Underwritten term debt:
U.S. dollar notes and debentures:
6.55% debentures due 2028	$	200	$	200
5.375% notes due 2029		500		500
3.10% notes due 2030		700		700
8.10% debentures due 2030		250		250
4.15% notes due 2030*		498
7.125% notes due 2031		300		300
5.45% notes due 2035		1,250
3.90% notes due 2042		1,250		1,250
2.875% notes due 2049		500		500
3.75% notes due 2050		850		850
5.70% notes due 2055		750
Euro notes:
1.85% notes due 2028 (€600 principal)		694		650
2.20% notes due 2032 (€600 principal)		694		650
1.65% notes due 2039 (€650 principal)		752		704
Serial issuances:
Medium-term notes*		34,041		36,566
Other notes and finance lease obligations		470		265
Less: debt issuance costs and debt discounts		(155)		(156)
Long-term borrowings	$	43,544	$	43,229

*    Includes fair value hedge adjustments related to derivatives.

The principal balances and weighted-average interest rates of the 4.15% notes due 2030 and the medium-term notes at the end of 2025 and 2024 follow:

	2025		2024
4.15% notes due 2030:
Principal	$	500
Weighted-average interest rate		3.4%
Medium-term notes:
Principal		34,241	$	37,141
Weighted-average interest rates		4.8%		5.2%