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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Aug. 01, 2021
COMMITMENTS AND CONTINGENCIES  
Reconciliation of the Changes in Warranty Liability and Unearned Premiums

A reconciliation of the changes in the warranty liability and unearned premiums was as follows in millions of dollars:

 

Three Months Ended

Nine Months Ended

 

August 1

August 2

August 1

August 2

 

2021

2020

2021

2020

 

Beginning of period balance

    

$

1,876

    

$

1,767

    

$

1,743

    

$

1,800

Payments

(209)

 

(250)

(626)

 

(703)

Amortization of premiums received

(66)

 

(58)

(193)

 

(168)

Accruals for warranties

299

 

177

794

 

609

Premiums received

96

 

68

258

 

202

Foreign exchange

(2)

 

27

18

 

(9)

End of period balance

$

1,994

$

1,731

$

1,994

$

1,731