Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 28, 2018

Schedule of Cost of Equipment on Operating Leases by Product Category

The cost of equipment on operating leases by product category at October 28, 2018 and October 29, 2017 was as follows (in millions of dollars):


	2018		2017
Agriculture and turf	$	4,727.0	$	4,418.6
Construction and forestry		1,592.7		1,364.9
Total		6,319.7		5,783.5
Accumulated depreciation		(1,217.2)		(1,065.2)
Equipment on operating leases – net	$	5,102.5	$	4,718.3

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 28, 2018 and October 29, 2017 were scheduled as follows (in millions of dollars):


	2018		2017
Due in:
0-12 months	$	644.1	$	581.0
13-24 months		414.4		354.4
25-36 months		202.8		165.8
37-48 months		83.8		71.0
Over 48 months		12.4		9.8
Total	$	1,357.5	$	1,182.0