XML 50 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Receivables (Tables)
12 Months Ended
Nov. 03, 2019
Retail notes  
Receivables  
Schedule of Receivables by Product Category

Retail notes receivable by product category at November 3, 2019 and October 28, 2018 were as follows (in millions of dollars):

2019

2018

 

    

Unrestricted

    

Securitized

    

Unrestricted

    

Securitized

 

Agriculture and turf – new

$

8,959.8

$

1,612.7

$

8,202.8

$

1,438.8

Agriculture and turf – used

 

4,033.2

 

2,186.0

 

4,095.8

 

2,001.8

Construction and forestry – new

 

2,255.3

 

561.9

 

2,084.9

 

518.3

Construction and forestry – used

 

519.6

 

89.8

 

359.5

 

79.0

Total

 

15,767.9

 

4,450.4

 

14,743.0

 

4,037.9

Unearned finance income

 

(617.4)

 

(100.8)

 

(587.0)

 

(83.0)

Retail notes receivable

$

15,150.5

$

4,349.6

$

14,156.0

$

3,954.9

Schedule of Receivable Installments

Gross retail note installments at November 3, 2019 and October 28, 2018 were scheduled to be received as follows (in millions of dollars):

2019

2018

 

    

Unrestricted

    

Securitized

    

Unrestricted

    

Securitized

 

Due in:

0-12 months

$

5,346.7

$

2,041.4

$

4,801.2

$

1,886.0

13-24 months

 

3,856.9

 

1,200.5

 

3,679.8

 

1,140.2

25-36 months

 

3,031.4

 

770.7

 

2,887.3

 

637.9

37-48 months

 

2,076.1

 

368.6

 

1,994.9

 

307.2

49-60 months

 

1,150.0

 

66.9

 

1,106.1

 

64.4

Over 60 months

 

306.8

 

2.3

 

273.7

 

2.2

Total

$

15,767.9

$

4,450.4

$

14,743.0

$

4,037.9

Schedule of Guidelines Relating to Down Payment Requirements and Contract Terms

Company guidelines relating to down payment requirements and contract terms on retail notes are generally as follows:

    

Down

Contract

 

Payment

Terms

 

Agriculture and turf (new and used):

Seasonal payments

 

10% - 30%

3 - 7 years

Monthly payments

 

10% - 20%

36 - 84 months

Construction and forestry:

New

10%

48 - 60 months

Used

15%

36 - 48 months

Financing leases  
Receivables  
Schedule of Receivables by Product Category

Financing leases receivable by product category at November 3, 2019 and October 28, 2018 were as follows (in millions of dollars):

2019

2018

Agriculture and turf

$

422.7

$

423.0

Construction and forestry

 

153.2

 

150.6

Total

 

575.9

 

573.6

Estimated residual values

 

256.2

 

272.9

Unearned finance income

 

(80.5)

 

(75.9)

Financing leases receivable

$

751.6

$

770.6

Schedule of Receivable Installments

Initial lease terms for financing leases generally range from 4 months to 72 months. Payments on financing leases receivable at November 3, 2019 and October 28, 2018 were scheduled as follows (in millions of dollars):

2019

2018

Due in:

0-12 months

$

225.6

$

217.4

13-24 months

 

155.2

 

157.4

25-36 months

 

103.8

 

113.2

37-48 months

 

58.3

 

53.3

Over 48 months

 

33.0

 

32.3

Total

$

575.9

$

573.6