XML 118 R104.htm IDEA: XBRL DOCUMENT v3.20.2
SUPPLEMENTAL CONSOLIDATING DATA - Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 02, 2020
Jul. 28, 2019
Aug. 02, 2020
Jul. 28, 2019
Cash Flows from Operating Activities        
Net income $ 811 $ 899 $ 1,995 $ 2,535
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for credit losses     123 58
Provision for depreciation and amortization     1,614 1,522
Impairment charges     147  
Undistributed earnings of unconsolidated subsidiaries and affiliates     (5) 10
Credit for deferred income taxes     (160) (332)
Changes in assets and liabilities:        
Trade receivables and Equipment Operations' financing receivables     626 (2,206)
Inventories     (1) (1,168)
Accounts payable and accrued expenses     (572) (306)
Accrued income taxes payable/receivable     4 253
Retirement benefits     88 40
Other     135 (65)
Net cash provided by (used for) operating activities     4,057 404
Cash Flows from Investing Activities        
Proceeds from maturities and sales of marketable securities     70 72
Proceeds from sales of equipment on operating leases     1,310 1,171
Purchases of marketable securities     (91) (110)
Purchases of property and equipment     (594) (756)
Cost of equipment on operating leases acquired     (1,312) (1,462)
Collateral on derivatives - net     324 59
Other     (12) (126)
Net cash used for investing activities     (1,517) (2,129)
Cash Flows from Financing Activities        
Increase (decrease) in total short-term borrowings     170 (336)
Proceeds from long-term borrowings     8,331 7,440
Payments of long-term borrowings     (5,797) (4,356)
Proceeds from issuance of common stock     111 133
Repurchases of common stock     (263) (880)
Dividends paid     (718) (703)
Other     (110) (82)
Net cash provided by (used for) financing activities     1,724 1,216
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash     80 (24)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash     4,344 (533)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period     3,956 4,015
Cash, Cash Equivalents, and Restricted Cash at End of Period 8,300 3,482 8,300 3,482
Equipment Operations        
Cash Flows from Operating Activities        
Net income 811 899 1,995 2,535
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for credit losses     6 1
Provision for depreciation and amortization     787 782
Impairment charges     115  
Undistributed earnings of unconsolidated subsidiaries and affiliates     (124) (62)
Credit for deferred income taxes     (57) (123)
Changes in assets and liabilities:        
Trade receivables and Equipment Operations' financing receivables     116 (248)
Inventories     387 (670)
Accounts payable and accrued expenses     (567) 50
Accrued income taxes payable/receivable     (25) (282)
Retirement benefits     77 35
Other     145 (59)
Net cash provided by (used for) operating activities     2,855 1,959
Cash Flows from Investing Activities        
Proceeds from maturities and sales of marketable securities       9
Purchases of marketable securities       (3)
Purchases of property and equipment     (591) (754)
Collateral on derivatives - net     (6)  
Other     (55) (64)
Net cash used for investing activities     (652) (812)
Cash Flows from Financing Activities        
Increase (decrease) in total short-term borrowings     (32) (119)
Change in intercompany receivables/payables     (1,468) (683)
Proceeds from long-term borrowings     4,592 868
Payments of long-term borrowings     (179) (194)
Proceeds from issuance of common stock     111 133
Repurchases of common stock     (263) (880)
Dividends paid     (718) (703)
Other     (86) (52)
Net cash provided by (used for) financing activities     1,957 (1,630)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash     95 (16)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash     4,255 (499)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period     3,196 3,202
Cash, Cash Equivalents, and Restricted Cash at End of Period 7,451 2,703 7,451 2,703
Financial Services        
Cash Flows from Operating Activities        
Net income 183 175 381 450
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for credit losses     117 57
Provision for depreciation and amortization     925 836
Impairment charges     32  
Undistributed earnings of unconsolidated subsidiaries and affiliates     (1) (1)
Credit for deferred income taxes     (103) (209)
Changes in assets and liabilities:        
Accounts payable and accrued expenses     (38) 23
Accrued income taxes payable/receivable     29 535
Retirement benefits     11 5
Other     89 140
Net cash provided by (used for) operating activities     1,442 1,836
Cash Flows from Investing Activities        
Collections of receivables (excluding trade and wholesale)     14,352 13,807
Proceeds from maturities and sales of marketable securities     70 63
Proceeds from sales of equipment on operating leases     1,310 1,171
Cost of receivables acquired (excluding trade and wholesale)     (15,367) (14,597)
Purchases of marketable securities     (91) (107)
Purchases of property and equipment     (3) (2)
Cost of equipment on operating leases acquired     (1,836) (2,135)
Decrease (increase) in trade and wholesale receivables     423 (2,551)
Collateral on derivatives - net     330 59
Other     (46) (47)
Net cash used for investing activities     (858) (4,339)
Cash Flows from Financing Activities        
Increase (decrease) in total short-term borrowings     202 (217)
Change in intercompany receivables/payables     1,468 683
Proceeds from long-term borrowings     3,739 6,572
Payments of long-term borrowings     (5,618) (4,162)
Dividends paid     (260) (377)
Other     (11) (22)
Net cash provided by (used for) financing activities     (480) 2,477
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash     (15) (8)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash     89 (34)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period     760 813
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 849 $ 779 $ 849 $ 779