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PROPERTY AND DEPRECIATION | 12 Months Ended
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Oct. 31, 2021
PROPERTY AND DEPRECIATION |
PROPERTY AND DEPRECIATION | 16. PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, 2021 and November 1, 2020 in millions of dollars follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Useful Lives* | ​ | ​ | ​ | ​ | ​ | ​ |
​ |  | (Years) |  | 2021 |  | 2020 |
Equipment Operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | ​ | ​ | $ | 293 | ​ | $ | 282 |
Buildings and building equipment |  | 22 | ​ |  | 4,287 | ​ |  | 4,114 | ​
Machinery and equipment |  | 11 | ​ |  | 6,123 | ​ |  | 5,936 | ​
Dies, patterns, tools, etc. |  | 8 | ​ |  | 1,679 | ​ |  | 1,662 | ​
All other |  | 5 | ​ |  | 1,165 | ​ |  | 1,115 | ​
Construction in progress | ​ | ​ | ​ |  | 527 | ​ |  | 440 | ​
Total at cost | ​ | ​ | ​ |  | 14,074 | ​ |  | 13,549 | ​
Less accumulated depreciation | ​ | ​ | ​ |  | 8,291 | ​ |  | 7,771 | ​
Total | ​ | ​ | ​ |  | 5,783 | ​ |  | 5,778 | ​
Financial Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | ​ | ​ |  | 4 | ​ |  | 4 | ​
Buildings and building equipment |  | 26 | ​ |  | 65 | ​ |  | 65 | ​
All other |  | 6 | ​ |  | 32 | ​ |  | 34 | ​
Total at cost | ​ | ​ | ​ |  | 101 | ​ |  | 103 | ​
Less accumulated depreciation | ​ | ​ | ​ |  | 64 | ​ |  | 64 | ​
Total | ​ | ​ | ​ |  | 37 | ​ |  | 39 | ​
Property and equipment - net | ​ | ​ |  | $ | 5,820 |  | $ | 5,817 | ​
* Weighted-averages ​ Total property and equipment additions in 2021, 2020, and 2019 were $897 million, $815 million, and $1,107 million and depreciation was $830 million, $800 million, and $779 million, respectively. Capitalized interest was $3 million, $6 million, and $7 million in the same periods, respectively. The cost of leased property and equipment under finance leases of $131 million and $99 million and accumulated depreciation of $60 million and $36 million at October 31, 2021 and November 1, 2020, respectively, is included in property and equipment. Capitalized software has an estimated useful life of three years. The amounts of total capitalized software costs, including purchased and internally developed software, classified as “Other assets” at October 31, 2021 and November 1, 2020 were $1,326 million and $1,339 million, less accumulated amortization of $1,044 million and $1,070 million, respectively. Capitalized interest on software was $2 million and $3 million at October 31, 2021 and November 1, 2020, respectively. Amortization of these software costs in 2021, 2020, and 2019 was $121 million, $133 million, and $150 million, respectively. The cost of compliance with foreseeable environmental requirements has been accrued and did not have a material effect on the company’s consolidated financial statements.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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