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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Oct. 28, 2018

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
		2018			2017
Beginning of year balance		$	1,468		$	1,226
Payments			(907)			(743)
Amortization of premiums received			(217)			(207)
Accruals for warranties			978			959
Premiums received			270			224
Acquisition*			80
Foreign exchange			(20)			9
End of year balance		$	1,652		$	1,468

*       See Note 4.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate standard and extended product warranty liabilities, including the beginning balance, the aggregate reductions in that liability for payments made (in cash or in kind) under the standard warranty, the aggregate changes in the liability related to the amortization of extended warranty premiums, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), the aggregate changes in the liability for extended warranty premiums received, and the ending balance.

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