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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Oct. 30, 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 in millions of dollars follows:

Warranty Liability/

 

Unearned Premiums

 

    

    2022    

    

    2021    

 

Beginning of year balance

    

$

2,086

    

$

1,743

 

Payments

 

(951)

 

(864)

Amortization of premiums received

 

(289)

 

(227)

Accruals for warranties

 

1,094

 

1,071

Premiums received

 

404

 

358

Foreign exchange

 

(51)

 

5

End of year balance

 

$

2,293

 

$

2,086