Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 29, 2017

Equipment on Operating Leases

Schedule of Cost of Equipment on Operating Leases by Product Category

The cost of equipment on operating leases by product category at October 29, 2017 and October 30, 2016 was as follows (in millions of dollars):

	2017		2016
Agriculture and turf	$	4,418.6	$	3,924.3
Construction and forestry		1,364.9		1,336.7
Total		5,783.5		5,261.0
Accumulated depreciation		(1,065.2)		(864.8)
Equipment on operating leases – net	$	4,718.3	$	4,396.2

Schedule of Rental Payments for Equipment on Operating Leases

Initial lease terms for equipment on operating leases generally range from 12 months to 60 months. Rental payments for equipment on operating leases at October 29, 2017 and October 30, 2016 were scheduled as follows (in millions of dollars):

	2017		2016
Due in:
0-12 months	$	581.0	$	573.0
13-24 months		354.4		342.7
25-36 months		165.8		151.2
37-48 months		71.0		62.6
Over 48 months		9.8		10.1
Total	$	1,182.0	$	1,139.6