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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 146.9 $ 189.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for credit losses 3.5 (1.2)
Provision for depreciation and amortization 170.1 175.1
Credit for deferred income taxes (11.3) (5.8)
Change in accounts payable and accrued expenses 29.1 (72.6)
Change in accrued income taxes payable/receivable 10.0 11.7
Other (9.6) (28.1)
Net cash provided by operating activities 338.7 268.7
Cash Flows from Investing Activities:    
Cost of receivables acquired (excluding wholesale) (5,686.3) (5,197.5)
Collections of receivables (excluding wholesale) 6,902.4 6,294.1
Increase in wholesale receivables - net (1,148.5) (457.9)
Cost of equipment on operating leases acquired (375.3) (317.4)
Proceeds from sales of equipment on operating leases 386.2 362.0
Cost of notes receivable acquired from John Deere (120.8) (107.1)
Collections of notes receivable from John Deere 2.2 106.3
Other (12.9) (6.5)
Net cash provided by (used for) investing activities (53.0) 676.0
Cash Flows from Financing Activities:    
Increase (decrease) in commercial paper and other notes payable - net 1,223.2 (110.3)
Decrease in securitization borrowings - net (849.3) (1,122.6)
Decrease in short-term borrowings with John Deere - net (964.7) (181.0)
Proceeds from issuance of long-term external borrowings 2,298.9 1,799.3
Payments of long-term external borrowings (1,618.5) (1,302.4)
Dividends paid   (40.0)
Debt issuance costs (8.6) (6.1)
Net cash provided by (used for) financing activities 81.0 (963.1)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 13.1 (5.2)
Net increase (decrease) in cash, cash equivalents, and restricted cash 379.8 (23.6)
Cash, cash equivalents, and restricted cash at beginning of period 766.1 772.8
Cash, cash equivalents, and restricted cash at end of period 1,145.9 749.2
Components of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 1,055.0 664.5
Restricted cash $ 90.9 $ 84.7
Balance sheet location of restricted cash Other assets Other assets
Total cash, cash equivalents, and restricted cash $ 1,145.9 $ 749.2