Securitization of Receivables (Tables)

9 Months Ended

Jul. 31, 2022

Securitization of Receivables

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows (in millions of dollars):

	July 31		October 31		August 1
	2022		2021		2021
Retail notes securitized	$	5,154.1	$	4,662.4	$	5,408.2
Allowance for credit losses		(14.7)		(13.5)		(19.9)
Other assets (primarily restricted cash)		136.2		106.6		112.7
Total restricted securitized assets	$	5,275.6	$	4,755.5	$	5,501.0
Securitization borrowings	$	4,918.5	$	4,595.2	$	5,264.6
Accrued interest on borrowings		3.4		1.7		2.1
Total liabilities related to restricted securitized assets	$	4,921.9	$	4,596.9	$	5,266.7