Securitization of Receivables (Tables)

3 Months Ended

Jan. 29, 2023

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):

	January 29		October 30		January 30
	2023		2022		2022
Retail notes securitized	$	5,101.4	$	5,951.6	$	3,517.9
Allowance for credit losses		(12.5)		(15.7)		(10.1)
Other assets (primarily restricted cash)		97.2		155.2		100.3
Total restricted securitized assets	$	5,186.1	$	6,091.1	$	3,608.1
Securitization borrowings	$	4,863.9	$	5,710.9	$	3,473.8
Accrued interest on borrowings		5.9		6.1		1.2
Total liabilities related to restricted securitized assets	$	4,869.8	$	5,717.0	$	3,475.0