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OTHER INCOME AND OTHER OPERATING EXPENSES (Tables)
12 Months Ended
Oct. 31, 2021
OTHER INCOME AND OTHER OPERATING EXPENSES  
Major Components of Other Income and Other Operating Expenses

The major components of other income and other operating expenses consisted of the following in millions of dollars:

  

2021

  

2020

  

2019

 

Other income

            

            

            

Revenues from services

$

322

$

314

$

348

Insurance premiums and fees earned*

227

223

214

Trademark licensing income

87

73

66

Operating lease disposition gains

 

65

 

 

Investment income

 

41

 

26

 

25

Other

 

249

 

182

 

226

Total

$

991

$

818

$

879

Other operating expenses

Depreciation of equipment on operating leases

$

983

$

1,083

$

981

Insurance claims and expenses*

 

235

 

231

 

210

Cost of services

 

202

 

188

 

228

Operating lease residual losses and impairments

52

159

Pension and OPEB benefit, excluding service cost component

(183)

(31)

(67)

Other

 

106

 

89

 

67

Total

$

1,343

$

1,612

$

1,578

*     Primarily related to extended warranties (see Note 21).