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v3.22.2.2

OTHER INCOME AND OTHER OPERATING EXPENSES | 12 Months Ended
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Oct. 30, 2022
OTHER INCOME AND OTHER OPERATING EXPENSES |
OTHER INCOME AND OTHER OPERATING EXPENSES | 9. OTHER INCOME AND OTHER OPERATING EXPENSES The major components of other income and other operating expenses consisted of the following in millions of dollars: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Other income | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Revenues from services | ​ | $ | 283 | ​ | $ | 322 | ​ | $ | 314 | ​
Insurance premiums and fees earned* | ​ | ​ | 289 | ​ | ​ | 227 | ​ | ​ | 223 | ​
Trademark licensing income | ​ | ​ | 89 | ​ | ​ | 87 | ​ | ​ | 73 | ​
Operating lease disposition gains | ​ |  | 72 | ​ |  | 65 | ​ |  | ​ | ​
Gain on previously held equity investment | ​ | ​ | 326 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment income | ​ |  | 14 | ​ |  | 41 | ​ |  | 26 | ​
Other | ​ |  | 222 | ​ |  | 249 | ​ |  | 182 | ​
Total | ​ | $ | 1,295 | ​ | $ | 991 | ​ | $ | 818 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other operating expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation of equipment on operating leases | ​ | $ | 827 | ​ | $ | 983 | ​ | $ | 1,083 | ​
Insurance claims and expenses* | ​ |  | 267 | ​ |  | 235 | ​ |  | 231 | ​
Cost of services | ​ |  | 214 | ​ |  | 202 | ​ |  | 188 | ​
Operating lease disposition losses and impairments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 52 | ​
Pension and OPEB benefit, excluding service cost component | ​ | ​ | (218) | ​ | ​ | (183) | ​ | ​ | (31) | ​
Foreign exchange loss | ​ | ​ | 132 | ​ | ​ | 59 | ​ | ​ | 4 | ​
Other | ​ |  | 53 | ​ |  | 47 | ​ |  | 85 | ​
Total | ​ | $ | 1,275 | ​ | $ | 1,343 | ​ | $ | 1,612 | ​
* Primarily related to extended warranties (s ee Note 20). ​

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI https://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI https://asc.fasb.org/topic&trid=49130413 + Details
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