Long-term borrowings were as follows in millions: | | | | | | | | | | | | | August 2 | | November 2 | | July 27 | | | | 2026 | | 2025 | | 2025 | | Underwritten term debt: | | | | | | | | | | | U.S. dollar notes and debentures: | | | | | | | | | | | 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 | | 4.15% notes due 2030* | | | 485 | | | 498 | | | | | 7.125% notes due 2031 | | | 300 | | | 300 | | | 300 | | 4.85% notes due 2031* | | | 298 | | | | | | | | 5.45% notes due 2035 | | | 1,250 | | | 1,250 | | | 1,250 | | 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 | | 5.70% notes due 2055 | | | 750 | | | 750 | | | 750 | | Euro notes: | | | | | | | | | | | 1.85% notes due 2028 (€600 principal) | | | 692 | | | 694 | | | 705 | | 2.20% notes due 2032 (€600 principal) | | | 692 | | | 694 | | | 705 | | 1.65% notes due 2039 (€650 principal) | | | 749 | | | 752 | | | 764 | | Serial issuances: | | | | | | | | | | | Medium-term notes* | | | 30,716 | | | 34,041 | | | 35,428 | | Other notes and finance lease obligations | | | 584 | | | 470 | | | 438 | | Less: debt issuance costs and debt discounts | | | (140) | | | (155) | | | (161) | | Long-term borrowings | | $ | 40,626 | | $ | 43,544 | | $ | 44,429 | |
* Includes fair value hedge adjustments related to derivatives. The principal balances of the 4.15% notes due 2030, 4.85% notes due 2031, and medium-term notes were as follows: | | | | | | | | | | | | | August 2 | | November 2 | | July 27 | | | | 2026 | | 2025 | | 2025 | | 4.15% notes due 2030 | | $ | 500 | | $ | 500 | | | | | 4.85% notes due 2031 | | | 300 | | | | | | | | Medium-term notes | | | 31,191 | | | 34,241 | | $ | 35,699 | |
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