XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Apr. 28, 2019
Apr. 29, 2018
Cash Flows from Operating Activities    
Net income $ 1,635.9 $ 674.9
Adjustments to reconcile net income to net cash used for operating activities:    
Provision for credit losses 36.6 26.8
Provision for depreciation and amortization 1,016.5 950.8
Share-based compensation expense 44.4 39.8
Gain on sales of businesses   (13.2)
Undistributed earnings of unconsolidated affiliates (8.6) (4.5)
Provision (credit) for deferred income taxes (282.2) 604.3
Changes in assets and liabilities:    
Trade, notes, and financing receivables related to sales (2,731.3) (2,094.1)
Inventories (1,394.3) (1,796.8)
Accounts payable and accrued expenses (66.4) 306.9
Accrued income taxes payable/receivable 157.0 153.0
Retirement benefits 20.3 67.6
Other 77.3 (135.6)
Net cash used for operating activities (1,494.8) (1,220.1)
Cash Flows from Investing Activities    
Collections of receivables (excluding receivables related to sales) 9,175.3 8,780.9
Proceeds from maturities and sales of marketable securities 30.3 23.8
Proceeds from sales of equipment on operating leases 823.4 748.6
Proceeds from sales of businesses, net of cash sold   55.0
Cost of receivables acquired (excluding receivables related to sales) (8,886.7) (8,181.2)
Acquisitions of businesses, net of cash acquired   (5,171.1)
Purchases of marketable securities (59.6) (62.8)
Purchases of property and equipment (490.9) (352.2)
Cost of equipment on operating leases acquired (924.1) (926.5)
Other (39.9) (73.2)
Net cash used for investing activities (372.2) (5,158.7)
Cash Flows from Financing Activities    
Increase in total short-term borrowings 1,570.4 199.1
Proceeds from long-term borrowings 4,232.2 4,077.7
Payments of long-term borrowings (3,426.8) (2,888.7)
Proceeds from issuance of common stock 94.7 198.6
Repurchases of common stock (480.4) (60.6)
Dividends paid (462.3) (386.9)
Other (55.6) (43.9)
Net cash provided by financing activities 1,472.2 1,095.3
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (34.8) 145.9
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (429.6) (5,137.6)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 4,015.3 9,466.8
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 3,585.7 $ 4,329.2