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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Oct. 30, 2022
Oct. 31, 2021
Nov. 01, 2020
Cash Flows from Operating Activities      
Net income $ 7,130 $ 5,965 $ 2,753
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (credit) for credit losses 192 (6) 110
Provision for depreciation and amortization 1,895 2,050 2,118
Impairment charges 88 50 194
Share-based compensation expense 85 82 81
Loss on sales of businesses and unconsolidated affiliates     24
Gain on remeasurement of previously held equity investment (326)    
Credit for deferred income taxes (66) (441) (11)
Changes in assets and liabilities:      
Trade, notes, and financing receivables related to sales (2,483) 969 2,009
Inventories (2,091) (2,497) 397
Accounts payable and accrued expenses 1,133 1,884 (7)
Accrued income taxes payable/receivable 141 11 8
Retirement benefits (1,015) 29 (537)
Other 16 (370) 344
Net cash provided by operating activities 4,699 7,726 7,483
Cash Flows from Investing Activities      
Collections of receivables (excluding receivables related to sales) 20,907 18,959 17,381
Proceeds from sales of equipment on operating leases 2,093 2,094 1,783
Cost of receivables acquired (excluding receivables related to sales) (26,300) (23,653) (19,965)
Acquisitions of businesses, net of cash acquired (498) (244) (66)
Purchases of property and equipment (1,134) (848) (820)
Cost of equipment on operating leases acquired (2,654) (1,732) (1,836)
Collateral on derivatives - net (642) (281) 268
Other (257) (45) (64)
Net cash used for investing activities (8,485) (5,750) (3,319)
Cash Flows from Financing Activities      
Increase (decrease) in total short-term borrowings 3,852 818 (1,360)
Proceeds from long-term borrowings 10,358 8,722 9,271
Payments of long-term borrowings (8,445) (7,090) (7,383)
Proceeds from issuance of common stock 63 148 331
Repurchases of common stock (3,597) (2,538) (750)
Dividends paid (1,313) (1,040) (956)
Other (92) (98) (133)
Net cash provided by (used for) financing activities 826 (1,078) (980)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (224) 55 32
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (3,184) 953 3,216
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 8,125 7,172 3,956
Cash, Cash Equivalents, and Restricted Cash at End of Year 4,941 8,125 7,172
Components of Cash, Cash Equivalents, and Restricted Cash      
Cash and cash equivalents 4,774 8,017 7,066
Restricted cash (Other assets) $ 167 $ 108 $ 106
Balance sheet location of restricted cash Other assets Other assets Other assets
Total cash, cash equivalents, and restricted cash $ 4,941 $ 8,125 $ 7,172