COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

May 01, 2022

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 1		May 2		May 1		May 2
	2022		2021		2022		2021
Beginning of period balance	$	2,064	$	1,803	$	2,086	$	1,743
Payments		(224)		(202)		(417)		(417)
Amortization of premiums received		(64)		(65)		(130)		(128)
Accruals for warranties		223		248		404		495
Premiums received		91		90		174		163
Foreign exchange		5		2		(22)		20
End of period balance	$	2,095	$	1,876	$	2,095	$	1,876