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CASH FLOW INFORMATION | 12 Months Ended
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Nov. 01, 2020
CASH FLOW INFORMATION |
CASH FLOW INFORMATION | 7. CASH FLOW INFORMATION For purposes of the statement of consolidated cash flows, the company considers investments with purchased maturities of three months or less to be cash equivalents. Substantially all of the company’s short-term borrowings, excluding the current maturities of finance lease obligations and long-term borrowings, mature or may require payment within three months or less. The equipment operations sell a significant portion of their trade receivables to financial services. These intercompany cash flows are eliminated in the consolidated cash flows. All cash flows from the changes in trade accounts and notes receivable (see Note 13) are classified as operating activities in the statement of consolidated cash flows as these receivables arise from sales to the company’s customers. Cash flows from financing receivables that are related to sales to the company’s customers (see Note 13) are also included in operating activities. The remaining financing receivables are related to the financing of equipment sold by independent dealers and are included in investing activities. The company had the following non-cash operating and investing activities that were not included in the statement of consolidated cash flows. The company transferred inventory to equipment on operating leases of $614 million, $678 million, and $855 million in 2020, 2019, and 2018, respectively. The company also had accounts payable related to purchases of property and equipment of $98 million, $152 million, and $183 million at November 1, 2020, November 3, 2019, and October 28, 2018, respectively. The company’s restricted cash held at November 1, 2020, November 3, 2019, October 28, 2018, and October 29, 2017 was as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | 2019 | ​ | 2018 | ​ | 2017 | ​
Equipment operations | ​ | $ | 11 | ​ | $ | 21 | ​ | $ | 7 | ​ | $ | 6 | ​
Financial services | ​ | ​ | 95 | ​ | ​ | 78 | ​ | ​ | 104 | ​ | ​ | 126 | ​
Total | ​ | $ | 106 | ​ | $ | 99 | ​ | $ | 111 | ​ | $ | 132 | ​
​ The equipment operations restricted cash relates to miscellaneous operational activities. The financial services restricted cash primarily relates to securitization of financing receivables (see Note 14). The restricted cash is recorded in “Other assets” in the consolidated balance sheet. Cash payments for interest and income taxes consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018 |
Interest: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equipment operations | ​ | $ | 553 | ​ | $ | 666 | ​ | $ | 581 | ​
Financial services | ​ |  | 998 | ​ |  | 1,154 | ​ |  | 925 | ​
Intercompany eliminations | ​ |  | (272) | ​ |  | (360) | ​ |  | (330) | ​
Consolidated | ​ | $ | 1,279 | ​ | $ | 1,460 | ​ | $ | 1,176 | ​
Income taxes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equipment operations | ​ | $ | 1,000 | ​ | $ | 1,018 | ​ | $ | 625 | ​
Financial services | ​ |  | 297 | ​ |  | (57) | ​ |  | 387 | ​
Intercompany eliminations | ​ |  | (228) | ​ |  | 150 | ​ |  | (300) | ​
Consolidated | ​ | $ | 1,069 | ​ | $ | 1,111 | ​ | $ | 712 | ​
​ ​

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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