Receivables (Tables) - Retail notes

12 Months Ended

Oct. 30, 2022

Receivables

Schedule of Receivables by Market

Retail notes receivable by market at October 30, 2022 and October 31, 2021 were as follows (in millions of dollars):

	2022				2021
	Unrestricted		Securitized		Unrestricted		Securitized
Agriculture and turf – new	$	12,997.8	$	2,100.2	$	12,125.8	$	1,713.7
Agriculture and turf – used		6,745.8		2,767.4		5,992.5		2,326.6
Construction and forestry – new		2,776.5		846.7		2,902.1		536.0
Construction and forestry – used		1,105.0		332.0		974.6		165.9
Total		23,625.1		6,046.3		21,995.0		4,742.2
Unearned finance income		(764.8)		(94.7)		(651.5)		(79.8)
Retail notes receivable	$	22,860.3	$	5,951.6	$	21,343.5	$	4,662.4

Schedule of Receivable Installments

Gross retail note installments at October 30, 2022 and October 31, 2021 were scheduled to be received as follows (in millions of dollars):

	2022				2021
	Unrestricted		Securitized		Unrestricted		Securitized
Due in:
0-12 months	$	7,139.7	$	2,225.2	$	6,448.9	$	1,894.0
13-24 months		5,668.8		1,667.4		5,361.5		1,322.8
25-36 months		4,677.8		1,208.9		4,400.4		884.4
37-48 months		3,427.2		709.3		3,232.5		478.1
49-60 months		2,057.6		226.8		1,927.4		149.7
Over 60 months		654.0		8.7		624.3		13.2
Total	$	23,625.1	$	6,046.3	$	21,995.0	$	4,742.2

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 (new and used):
Seasonal payments	20%	3 - 7 years
Monthly payments	10%	36 - 84 months
Turf (new and used):
Seasonal payments	10%	3 - 7 years
Monthly payments	0%	36 - 84 months
Construction and forestry:
New	10%	24 - 60 months
Used	15%	36 - 60 months