SECURITIZATION OF FINANCING RECEIVABLES (Tables)

9 Months Ended

Jul. 30, 2023

SECURITIZATION OF FINANCING RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows in millions of dollars:

	July 30		October 30		July 31
	2023		2022		2022
Financing receivables securitized (retail notes)	$	7,019	$	5,952	$	5,156
Allowance for credit losses		(18)		(16)		(15)
Other assets (primarily restricted cash)		153		155		136
Total restricted securitized assets	$	7,154	$	6,091	$	5,277
Short-term securitization borrowings	$	6,608	$	5,711	$	4,920
Accrued interest on borrowings		15		6		4
Total liabilities related to restricted securitized assets	$	6,623	$	5,717	$	4,924