Long-term borrowings consisted of: | | | | | | | | | | | | | April 28 | | October 29 | | April 30 | | | | 2024 | | 2023 | | 2023 | | Underwritten term debt | | | | | | | | | | | U.S. dollar notes and debentures: | | | | | | | | | | | 2.75% notes due 2025 | | | | | $ | 700 | | $ | 700 | | 6.55% debentures due 2028 | | $ | 200 | | | 200 | | | 200 | | 5.375% notes due 2029 | | | 500 | | | 500 | | | 500 | | 3.10% notes due 2030 | | | 700 | | | 700 | | | 700 | | 8.10% debentures due 2030 | | | 250 | | | 250 | | | 250 | | 7.125% notes due 2031 | | | 300 | | | 300 | | | 300 | | 3.90% notes due 2042 | | | 1,250 | | | 1,250 | | | 1,250 | | 2.875% notes due 2049 | | | 500 | | | 500 | | | 500 | | 3.75% notes due 2050 | | | 850 | | | 850 | | | 850 | | Euro notes: | | | | | | | | | | | 1.85% notes due 2028 (€600 principal) | | | 644 | | | 634 | | | 662 | | 2.20% notes due 2032 (€600 principal) | | | 644 | | | 634 | | | 662 | | 1.65% notes due 2039 (€650 principal) | | | 697 | | | 687 | | | 717 | | Serial issuances | | | | | | | | | | | Medium-term notes | | | 32,859 | | | 29,638 | | | 26,734 | | Other notes and finance lease obligations | | | 1,708 | | | 1,769 | | | 1,707 | | Less debt issuance costs and debt discounts | | | (140) | | | (135) | | | (121) | | Long-term borrowings | | $ | 40,962 | | $ | 38,477 | | $ | 35,611 | |
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 $34,002, $30,902, and $27,428, at April 28, 2024, October 29, 2023, and April 30, 2023, respectively. All outstanding notes and debentures are senior unsecured borrowings and rank equally with each other.
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