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RECEIVABLES (Tables) | 12 Months Ended
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Oct. 31, 2021
Accounts, Notes, Loans and Financing Receivable |
Schedule of Financing Receivable Installments | Financing receivable installments, including unearned finance income, at October 31, 2021 and November 1, 2020 were scheduled as follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020 |
​ | ​ | Unrestricted/Securitized |  | Unrestricted/Securitized |
Due in months: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
0 – 12 | ​ | $ | 15,205 | ​ | $ | 1,904 | ​ | $ | 14,983 | ​ | $ | 1,971 | ​
13 – 24 | ​ |  | 7,412 | ​ |  | 1,323 | ​ |  | 6,180 | ​ |  | 1,354 | ​
25 – 36 | ​ |  | 5,629 | ​ |  | 885 | ​ |  | 4,556 | ​ |  | 889 | ​
37 – 48 | ​ |  | 3,991 | ​ |  | 478 | ​ |  | 3,145 | ​ |  | 460 | ​
49 – 60 | ​ |  | 2,397 | ​ |  | 150 | ​ |  | 1,794 | ​ |  | 129 | ​
Thereafter | ​ |  | 772 | ​ |  | 13 | ​ |  | 624 | ​ |  | 11 | ​
Total | ​ | $ | 35,406 | ​ | $ | 4,753 | ​ | $ | 31,282 | ​ | $ | 4,814 | ​
​
Analysis of the Allowance for Credit Losses and Investment in Financing Receivables | An analysis of the allowance for credit losses and investment in financing receivables follows in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Retail Notes | ​ | Revolving | ​ | ​ | ​ | ​ |
​ | ​ | & Financing | ​ | Charge | ​ | Wholesale | ​ | ​ |
​ |  | Leases |  | Accounts |  | Receivables |  | Total |
2021 |  | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​ |
Allowance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning of year balance | ​ | $ | 133 | ​ | $ | 43 | ​ | $ | 8 | ​ | $ | 184 | ​
ASU No. 2016-13 | ​ | ​ | 44 | ​ | ​ | (13) | ​ | ​ | ​ | ​ | ​ | 31 | ​
Provision (credit) | ​ |  | ​ | ​ |  | (17) | ​ |  | (1) | ​ |  | (18) | ​
Write-offs | ​ |  | (60) | ​ |  | (28) | ​ |  | ​ | ​ |  | (88) | ​
Recoveries | ​ |  | 20 | ​ |  | 36 | ​ | ​ | ​ | ​ |  | 56 | ​
Translation adjustments | ​ |  | 1 | ​ | ​ | ​ | ​ |  | ​ | ​ |  | 1 | ​
End of year balance* | ​ | $ | 138 | ​ | $ | 21 | ​ | $ | 7 | ​ | $ | 166 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financing receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End of year balance | ​ | $ | 32,233 | ​ | $ | 3,825 | ​ | $ | 2,566 | ​ | $ | 38,624 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2020 |  | ​ | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |
Allowance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning of year balance | ​ | $ | 107 | ​ | $ | 40 | ​ | $ | 3 | ​ | $ | 150 | ​
Provision | ​ |  | 81 | ​ |  | 26 | ​ |  | 3 | ​ |  | 110 | ​
Write-offs | ​ |  | (65) | ​ |  | (53) | ​ |  | ​ | ​ |  | (118) | ​
Recoveries | ​ |  | 17 | ​ |  | 30 | ​ | ​ | ​ | ​ |  | 47 | ​
Translation adjustments | ​ |  | (7) | ​ | ​ | ​ | ​ |  | 2 | ​ |  | (5) | ​
End of year balance* | ​ | $ | 133 | ​ | $ | 43 | ​ | $ | 8 | ​ | $ | 184 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financing receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End of year balance | ​ | $ | 27,206 | ​ | $ | 3,902 | ​ | $ | 3,529 | ​ | $ | 34,637 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning of year balance | ​ | $ | 129 | ​ | $ | 43 | ​ | $ | 6 | ​ | $ | 178 | ​
Provision | ​ |  | 6 | ​ |  | 29 | ​ |  | ​ | ​ |  | 35 | ​
Write-offs | ​ |  | (47) | ​ |  | (58) | ​ |  | ​ | ​ |  | (105) | ​
Recoveries | ​ |  | 23 | ​ |  | 26 | ​ | ​ | ​ | ​ |  | 49 | ​
Translation adjustments | ​ |  | (4) | ​ | ​ | ​ | ​ |  | (3) | ​ |  | (7) | ​
End of year balance* | ​ | $ | 107 | ​ | $ | 40 | ​ | $ | 3 | ​ | $ | 150 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financing receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End of year balance | ​ | $ | 25,151 | ​ | $ | 3,943 | ​ | $ | 4,634 | ​ | $ | 33,728 | ​
* Individual allowances were not significant.
Schedule of Other Receivables | Other receivables at October 31, 2021 and November 1, 2020 consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Taxes receivable | ​ | $ | 1,436 | ​ | $ | 931 |
Other | ​ |  | 302 | ​ |  | 289 | ​
Other receivables |  | $ | 1,738 |  | $ | 1,220 | ​
Retail Customer Receivables |
Accounts, Notes, Loans and Financing Receivable |
Credit Quality Analysis | The credit quality analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) was as follows in millions of dollars at October 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year of Origination | ​
​ | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​ | 2018 | ​
Retail customer receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 12,877 | ​ | $ | 6,676 | ​ | $ | 3,463 | ​ | $ | 1,738 | ​
30-59 days past due | ​ | ​ | 43 | ​ | ​ | 53 | ​ | ​ | 29 | ​ | ​ | 16 | ​
60-89 days past due | ​ | ​ | 16 | ​ | ​ | 23 | ​ | ​ | 12 | ​ | ​ | 6 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | 23 | ​ | ​ | 57 | ​ | ​ | 53 | ​ | ​ | 32 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 3,122 | ​ | ​ | 1,575 | ​ | ​ | 754 | ​ | ​ | 273 | ​
30-59 days past due | ​ | ​ | 50 | ​ | ​ | 40 | ​ | ​ | 27 | ​ | ​ | 7 | ​
60-89 days past due | ​ | ​ | 15 | ​ | ​ | 11 | ​ | ​ | 9 | ​ | ​ | 6 | ​
90+ days past due | ​ | ​ | 1 | ​ | ​ | 2 | ​ | ​ | 3 | ​ | ​ | 3 | ​
Non-performing | ​ | ​ | 26 | ​ | ​ | 56 | ​ | ​ | 39 | ​ | ​ | 17 | ​
Total retail customer receivables | ​ | $ | 16,173 | ​ | $ | 8,494 | ​ | $ | 4,389 | ​ | $ | 2,098 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year of Origination | ​
​ | ​ | 2017 | ​ | Prior Years | ​ | Revolving Charge Accounts | ​ | Total | ​
Retail customer receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 728 | ​ | $ | 211 | ​ | $ | 3,704 | ​ | $ | 29,397 | ​
30-59 days past due | ​ | ​ | 7 | ​ | ​ | 3 | ​ | ​ | 14 | ​ | ​ | 165 | ​
60-89 days past due | ​ | ​ | 3 | ​ | ​ | 1 | ​ | ​ | 4 | ​ | ​ | 65 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Non-performing | ​ | ​ | 17 | ​ | ​ | 23 | ​ | ​ | 7 | ​ | ​ | 212 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 57 | ​ | ​ | 7 | ​ | ​ | 92 | ​ | ​ | 5,880 | ​
30-59 days past due | ​ | ​ | 4 | ​ | ​ | 1 | ​ | ​ | 3 | ​ | ​ | 132 | ​
60-89 days past due | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | 43 | ​
90+ days past due | ​ | ​ | 4 | ​ | ​ | 2 | ​ | ​ | ​ | ​ | ​ | 15 | ​
Non-performing | ​ | ​ | 7 | ​ | ​ | 3 | ​ | ​ | ​ | ​ | ​ | 148 | ​
Total retail customer receivables | ​ | $ | 828 | ​ | $ | 251 | ​ | $ | 3,825 | ​ | $ | 36,058 | ​
​
Age Credit Quality Analysis | The credit quality analysis of retail customer receivables was as follows in millions of dollars at November 1, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​
​ | ​ | Retail Notes & Financing Leases | ​ | Revolving Charge Accounts | ​ | Total | ​
Retail customer receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 21,597 | ​ | $ | 3,787 | ​ | $ | 25,384 | ​
30-59 days past due | ​ | ​ | 135 | ​ | ​ | 13 | ​ | ​ | 148 | ​
60-89 days past due | ​ | ​ | 64 | ​ | ​ | 4 | ​ | ​ | 68 | ​
90+ days past due | ​ | ​ | 2 | ​ | ​ | ​ | ​ | ​ | 2 | ​
Non-performing | ​ | ​ | 263 | ​ | ​ | 6 | ​ | ​ | 269 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 4,859 | ​ | ​ | 88 | ​ | ​ | 4,947 | ​
30-59 days past due | ​ | ​ | 111 | ​ | ​ | 2 | ​ | ​ | 113 | ​
60-89 days past due | ​ | ​ | 55 | ​ | ​ | 1 | ​ | ​ | 56 | ​
90+ days past due | ​ | ​ | 14 | ​ | ​ | ​ | ​ | ​ | 14 | ​
Non-performing | ​ | ​ | 106 | ​ | ​ | 1 | ​ | ​ | 107 | ​
Total retail customer receivables | ​ | $ | 27,206 | ​ | $ | 3,902 | ​ | $ | 31,108 | ​
​
Wholesale Receivables |
Accounts, Notes, Loans and Financing Receivable |
Credit Quality Analysis | The credit quality analysis of wholesale receivables was as follows in millions of dollars at October 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year of Origination | ​
​ | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​ | 2018 | ​
Wholesale receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 346 | ​ | $ | 80 | ​ | $ | 22 | ​ | $ | 9 | ​
30-59 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12 | ​ | ​ | ​ | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 41 | ​ | ​ | 7 | ​ | ​ | 7 | ​ | ​ | ​ | ​
30-59 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 387 | ​ | $ | 87 | ​ | $ | 41 | ​ | $ | 9 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year of Origination | ​
​ | ​ | 2017 | ​ | Prior Years | ​ | Revolving | ​ | Total | ​
Wholesale receivables: | ​ |  |  |  |  |  |  |  |  |  |  |  | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 3 | ​ | ​ | ​ | ​ | $ | 1,696 | ​ | $ | 2,156 | ​
30-59 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 12 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 1 | ​ | $ | 1 | ​ | ​ | 340 | ​ | ​ | 397 | ​
30-59 days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | 1 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 4 | ​ | $ | 2 | ​ | $ | 2,036 | ​ | $ | 2,566 | ​
​
Age Credit Quality Analysis | The credit quality analysis of wholesale receivables was as follows in millions of dollars at November 1, 2020: ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​
Wholesale receivables: | ​ | ​ | ​ | ​
Agriculture and turf | ​ | ​ | ​ | ​
Current | ​ | $ | 3,010 | ​
30-59 days past due | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​
90+ days past due | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | 47 | ​
Construction and forestry | ​ | ​ | ​ | ​
Current | ​ | ​ | 472 | ​
30-59 days past due | ​ | ​ | ​ | ​
60-89 days past due | ​ | ​ | ​ | ​
90+ days past due | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 3,529 | ​
​ ​
Trade Accounts and Notes Receivable |
Accounts, Notes, Loans and Financing Receivable |
Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment | Trade accounts and notes receivable at October 31, 2021 and November 1, 2020 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Trade accounts and notes receivable: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag | ​ | $ | 1,204 | ​ | $ | 1,397 | ​
Small ag & turf | ​ | ​ | 1,683 | ​ | ​ | 1,484 | ​
Construction & forestry | ​ |  | 1,321 | ​ |  | 1,290 | ​
Trade accounts and notes receivable – net | ​ | $ | 4,208 | ​ | $ | 4,171 | ​
​
Schedule of Allowance for Credit Losses on Trade Accounts and Notes Receivable | The allowance for credit losses on trade accounts and notes receivable at October 31, 2021, November 1, 2020, and November 3, 2019, as well as the related activity, in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​
Beginning of year balance | ​ | $ | 39 | ​ | $ | 72 | ​ | $ | 70 | ​
ASU No. 2016-13 | ​ | ​ | (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision | ​ | ​ | 10 | ​ | ​ | ​ | ​ | ​ | 8 | ​
Write-offs | ​ | ​ | (7) | ​ | ​ | (23) | ​ | ​ | (14) | ​
Recoveries | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | 4 | ​
Translation adjustments | ​ | ​ | 1 | ​ | ​ | (11) | ​ | ​ | 4 | ​
End of year balance | ​ | $ | 41 | ​ | $ | 39 | ​ | $ | 72 | ​
​
Financing Receivables |
Accounts, Notes, Loans and Financing Receivable |
Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment | Financing receivables at October 31, 2021 and November 1, 2020 in millions of dollars follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020 |
​ |  | Unrestricted/Securitized |  | Unrestricted/Securitized | ​
Retail notes: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | ​
Agriculture and turf | ​ | $ | 21,736 | ​ | $ | 4,041 | ​ | $ | 17,780 | ​ | $ | 4,134 | ​
Construction and forestry | ​ |  | 4,334 | ​ |  | 712 | ​ |  | 3,629 | ​ |  | 680 | ​
Total | ​ |  | 26,070 | ​ |  | 4,753 | ​ |  | 21,409 | ​ |  | 4,814 | ​
Wholesale notes | ​ |  | 2,577 | ​ | ​ | ​ | ​ |  | 3,547 | ​ | ​ | ​ | ​
Revolving charge accounts | ​ |  | 3,880 | ​ | ​ | ​ | ​ |  | 3,962 | ​ | ​ | ​ | ​
Financing leases (direct and sales-type) | ​ |  | 2,879 | ​ | ​ | ​ | ​ |  | 2,364 | ​ | ​ | ​ | ​
Total financing receivables | ​ |  | 35,406 | ​ |  | 4,753 | ​ |  | 31,282 | ​ |  | 4,814 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unearned finance income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail notes | ​ |  | 1,131 | ​ |  | 80 | ​ |  | 1,066 | ​ |  | 98 | ​
Wholesale notes | ​ | ​ | 11 | ​ | ​ | ​ | ​ | ​ | 18 | ​ | ​ | ​ | ​
Revolving charge accounts | ​ | ​ | 55 | ​ | ​ | ​ | ​ | ​ | 60 | ​ | ​ | ​ | ​
Financing leases | ​ |  | 258 | ​ | ​ | ​ | ​ |  | 217 | ​ | ​ | ​ | ​
Total | ​ |  | 1,455 | ​ |  | 80 | ​ |  | 1,361 | ​ |  | 98 | ​
Allowance for credit losses | ​ |  | 152 | ​ |  | 14 | ​ |  | 171 | ​ |  | 13 | ​
Financing receivables – net | ​ | $ | 33,799 | ​ | $ | 4,659 | ​ | $ | 29,750 | ​ | $ | 4,703 | ​
​
Financing Receivables | Related to Sales of Equipment |
Accounts, Notes, Loans and Financing Receivable |
Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment | Financing receivables at October 31, 2021 and November 1, 2020 related to the company’s sales of equipment that were included in the table above consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020 |
​ |  | Unrestricted/Securitized |  | Unrestricted/Securitized | ​
Retail notes*: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | $ | 1,977 | ​ | ​ | ​ | ​ | $ | 1,971 | ​ | ​ | ​ | ​
Construction and forestry | ​ | ​ | 368 | ​ | $ | 10 | ​ |  | 335 | ​ | $ | 27 | ​
Total | ​ | ​ | 2,345 | ​ |  | 10 | ​ |  | 2,306 | ​ | ​ | 27 | ​
Wholesale notes | ​ | ​ | 2,577 | ​ |  | ​ | ​ |  | 3,547 | ​ |  | ​ | ​
Sales-type leases | ​ | ​ | 1,269 | ​ |  | ​ | ​ |  | 1,045 | ​ |  | ​ | ​
Total | ​ | ​ | 6,191 | ​ | ​ | 10 | ​ | ​ | 6,898 | ​ | ​ | 27 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unearned finance income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail notes | ​ | ​ | 159 | ​ | ​ | ​ | ​ | ​ | 178 | ​ | ​ | ​ | ​
Wholesale notes | ​ | ​ | 11 | ​ | ​ | ​ | ​ | ​ | 18 | ​ | ​ | ​ | ​
Sales-type leases | ​ | ​ | 98 | ​ |  | ​ | ​ |  | 82 | ​ |  | ​ | ​
Total | ​ |  | 268 | ​ |  | ​ | ​ |  | 278 | ​ | ​ | ​ | ​
Financing receivables related to the company’s sales of equipment | ​ | $ | 5,923 | ​ | $ | 10 | ​ | $ | 6,620 | ​ | $ | 27 | ​
* These retail notes generally arise from sales of equipment by company-owned dealers or through direct sales. ​

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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