Securitization of Receivables (Tables)

3 Months Ended

Jan. 28, 2024

Securitization of Receivables

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

The components of the securitization programs were as follows:

	January 28		October 29		January 29
	2024		2023		2023
Retail notes securitized	$	6,417.7	$	7,356.8	$	5,101.4
Allowance for credit losses		(17.8)		(21.4)		(12.5)
Other assets (primarily restricted cash)		139.9		152.0		97.2
Total restricted securitized assets	$	6,539.8	$	7,487.4	$	5,186.1
Securitization borrowings	$	6,116.1	$	6,995.2	$	4,863.9
Accrued interest on borrowings		10.0		12.6		5.9
Total liabilities related to restricted securitized assets	$	6,126.1	$	7,007.8	$	4,869.8