SPECIAL ITEMS (Tables)

12 Months Ended

Oct. 29, 2023

SPECIAL ITEMS

Schedule of Special Items

Impact of Events in Russia / Ukraine

A summary of the reserves, impairments, and voluntary-separation costs recorded in 2022 follows. See Note 25 for fair value measurement information.

	PPA		SAT		CF		FS		Total
Inventory reserve – Cost of sales	$	14	$	2	$	3			$	19
Fixed asset impairment – Cost of sales		30				11				41
Intangible asset impairment – Cost of sales						28				28
Allowance for credit losses – Financing receivables – SA&G expenses							$	153		153
Voluntary-separation program: – Cost of sales		3								3
– SA&G expenses		4				6		1		11
Intercompany agreement		82		9		62		(153)
Total Russia/Ukraine events pretax expense	$	133	$	11	$	110	$	1		255
Net tax impact										(40)
Total Russia/Ukraine events after-tax expense									$	215

Summary of 2023 and 2022 Special Items

The following table summarizes the operating profit impact of the special items recorded in 2023 and 2022:

	PPA		SAT		CF		FS		Total
2023 Expense
Russian roadbuilding sale - Other operating expense					$	18			$	18
Financing incentive – SA&G expense							$	173		173
Total expense						18		173		191
2022 Expense (benefit)
Gain on remeasurement of equity investment – Other income (Note 3)						(326)				(326)
Total Russia/Ukraine events pretax expense	$	133	$	11		110		1		255
UAW ratification bonus – Cost of sales		53		9		28				90
Total expense (benefit)		186		20		(188)		1		19
Year over year change	$	(186)	$	(20)	$	206	$	172	$	172