COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

May 02, 2021

COMMITMENTS AND CONTINGENCIES

Reconciliation of the Changes in Warranty Liability and Unearned Premiums

A reconciliation of the changes in the warranty liability and unearned premiums was as follows in millions of dollars:

	Three Months Ended				Six Months Ended
	May 2		May 3		May 2		May 3
	2021		2020		2021		2020
Beginning of period balance	$	1,803	$	1,792	$	1,743	$	1,800
Payments		(202)		(223)		(417)		(453)
Amortization of premiums received		(65)		(51)		(128)		(110)
Accruals for warranties		248		210		495		432
Premiums received		90		69		163		134
Foreign exchange		2		(30)		20		(36)
End of period balance	$	1,876	$	1,767	$	1,876	$	1,767