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Securitization of Receivables (Tables)
12 Months Ended
Oct. 29, 2023
Securitization of Receivables  
Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of the securitization programs at October 29, 2023 and October 30, 2022 were as follows:  

    

2023

    

2022

 

Retail notes securitized

$

7,356.8

$

5,951.6

Allowance for credit losses

 

(21.4)

 

(15.7)

Other assets (primarily restricted cash)

 

152.0

 

155.2

Total restricted securitized assets

$

7,487.4

$

6,091.1

Securitization borrowings

$

6,995.2

$

5,710.9

Accrued interest on borrowings

 

12.6

 

6.1

Total liabilities related to restricted securitized assets

$

7,007.8

$

5,717.0