XML 28 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Oct. 29, 2017
Oct. 30, 2016
Nov. 01, 2015
Cash Flows from Operating Activities      
Net income $ 2,159.2 $ 1,521.5 $ 1,940.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 98.3 94.3 55.4
Provision for depreciation and amortization 1,715.5 1,559.8 1,382.4
Impairment charges 39.8 85.1 34.8
Share-based compensation expense 68.1 70.6 66.1
Gain on sale of unconsolidated affiliates and investments (375.1) (74.5)  
Undistributed earnings of unconsolidated affiliates (14.4) (1.9) (1.0)
Provision (credit) for deferred income taxes 100.1 282.7 (18.4)
Changes in assets and liabilities:      
Trade, notes and financing receivables related to sales (838.9) 335.2 811.6
Insurance receivables     333.4
Inventories (1,305.3) (106.1) (691.4)
Accounts payable and accrued expenses 968.0 (155.2) (503.6)
Accrued income taxes payable/receivable (84.2) 7.0 (119.1)
Retirement benefits (31.9) 238.6 427.5
Other (299.4) (87.4) 40.2
Net cash provided by operating activities 2,199.8 3,769.7 3,758.8
Cash Flows from Investing Activities      
Collections of receivables (excluding receivables related to sales) 14,671.1 14,611.4 14,919.7
Proceeds from maturities and sales of marketable securities 404.2 169.4 860.7
Proceeds from sales of equipment on operating leases 1,440.8 1,256.2 1,049.4
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold 113.9 81.1 149.2
Cost of receivables acquired (excluding receivables related to sales) (15,221.8) (13,954.5) (14,996.5)
Purchases of marketable securities (118.0) (171.2) (154.9)
Purchases of property and equipment (594.9) (644.4) (694.0)
Cost of equipment on operating leases acquired (1,997.4) (2,310.7) (2,132.1)
Acquisitions of businesses, net of cash acquired (284.2) (198.5)  
Other (58.0) (16.0) (60.2)
Net cash used for investing activities (1,644.3) (1,177.2) (1,058.7)
Cash Flows from Financing Activities      
Increase (decrease) in total short-term borrowings 1,310.6 (1,213.6) 501.6
Proceeds from long-term borrowings 8,702.2 5,070.7 5,711.0
Payments of long-term borrowings (5,397.0) (5,267.6) (4,863.2)
Proceeds from issuance of common stock 528.7 36.0 172.1
Repurchases of common stock (6.2) (205.4) (2,770.7)
Dividends paid (764.0) (761.3) (816.3)
Other (87.8) (64.7) (72.1)
Net cash provided by (used for) financing activities 4,286.5 (2,405.9) (2,137.6)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 157.1 (13.0) (187.3)
Net Increase in Cash and Cash Equivalents 4,999.1 173.6 375.2
Cash and Cash Equivalents at Beginning of Year 4,335.8 4,162.2 3,787.0
Cash and Cash Equivalents at End of Year $ 9,334.9 $ 4,335.8 $ 4,162.2