SECURITIZATION OF RECEIVABLES (Tables)

6 Months Ended

Apr. 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:

	April 28		October 29		April 30
	2024		2023		2023
Retail notes securitized	$	7,289.1	$	7,356.8	$	5,674.0
Allowance for credit losses		(27.4)		(21.4)		(15.6)
Other assets (primarily restricted cash)		164.0		152.0		115.3
Total restricted securitized assets	$	7,425.7	$	7,487.4	$	5,773.7
Securitization borrowings	$	6,976.1	$	6,995.2	$	5,379.2
Accrued interest on borrowings		11.8		12.6		8.3
Total liabilities related to restricted securitized assets	$	6,987.9	$	7,007.8	$	5,387.5