XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.4
STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Jan. 31, 2021
Feb. 02, 2020
Cash Flows from Operating Activities    
Net income $ 1,224 $ 518
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Provision (credit) for credit losses (5) 15
Provision for depreciation and amortization 538 538
Impairment charges 50  
Share-based compensation expense 15 19
Undistributed earnings of unconsolidated affiliates 18  
Credit for deferred income taxes (38) (29)
Changes in assets and liabilities:    
Trade, notes, and financing receivables related to sales (97) 70
Inventories (926) (642)
Accounts payable and accrued expenses (705) (1,134)
Accrued income taxes payable/receivable 130 (53)
Retirement benefits (14) 36
Other (47) 154
Net cash provided by (used for) operating activities 143 (508)
Cash Flows from Investing Activities    
Collections of receivables (excluding receivables related to sales) 5,999 5,664
Proceeds from maturities and sales of marketable securities 20 18
Proceeds from sales of equipment on operating leases 460 426
Cost of receivables acquired (excluding receivables related to sales) (5,300) (4,303)
Acquisitions of businesses, net of cash acquired (19)  
Purchases of marketable securities (39) (34)
Purchases of property and equipment (154) (271)
Cost of equipment on operating leases acquired (294) (517)
Collateral on derivatives - net (88) 26
Other (6) 17
Net cash provided by investing activities 579 1,026
Cash Flows from Financing Activities    
Decrease in total short-term borrowings (695) (473)
Proceeds from long-term borrowings 1,757 1,702
Payments of long-term borrowings (1,441) (1,651)
Proceeds from issuance of common stock 71 53
Repurchases of common stock (352) (114)
Dividends paid (242) (242)
Other (31) (38)
Net cash used for financing activities (933) (763)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 103 (1)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (108) (246)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 7,172 3,956
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 7,064 $ 3,710