CASH FLOW INFORMATION

12 Months Ended

Oct. 30, 2022

CASH FLOW INFORMATION

CASH FLOW INFORMATION

6. CASH FLOW INFORMATION

The company considers investments with purchased maturities of three months or less to be cash equivalents. Substantially all of the company’s short-term borrowings, excluding the current maturities of finance lease obligations and long-term borrowings, mature or may require payment within three months or less.

All cash flows from the changes in trade accounts and notes receivable (see Note 11) are classified as operating activities in the statements of consolidated cash flows as these receivables arise from sales to the company’s customers. Cash flows from financing receivables that are related to sales to the company’s customers (see Note 11) are also included in operating activities. The remaining financing receivables are related to the financing of equipment sold by independent dealers and are included in investing activities.

Restricted cash, recorded in “Other assets” in the consolidated balance sheets, relates to securitization of financing receivables (see Note 12) and certain cash held in Russia.

Supplemental cash flow information follows in millions of dollars:

	2022		2021		2020
Cash paid for interest	$	1,101	$	1,041	$	1,279
Cash paid for income taxes		1,940		2,075		1,069
Inventory transferred to equipment on operating leases		167		662		614
Accounts payable related to purchases of property and equipment		165		121		98