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SECURITIZATION OF FINANCING RECEIVABLES (Tables)

6 Months Ended

May 01, 2022

SECURITIZATION OF FINANCING RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows in millions of dollars:

​	​	​	​	​	​	​	​	​	​	​
​		May 1			October 31			May 2
​	​	2022		​	2021		​	2021
Financing receivables securitized (retail notes)		$	4,085	​	$	4,673	​	$	4,122	​
Allowance for credit losses	​	​	(12)	​		(14)	​		(15)	​
Other assets (primarily restricted cash)	​	​	124	​		107	​		91	​
Total restricted securitized assets		$	4,197	​	$	4,766	​	$	4,198	​
​	​	​	​	​	​	​	​	​	​	​
Short-term securitization borrowings	​	$	4,006	​	$	4,605	​	$	4,106	​
Accrued interest on borrowings	​	​	2	​	​	2	​		3	​
Total liabilities related to restricted securitized assets	​	$	4,008	​	$	4,607	​	$	4,109	​

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- Definition

Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

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- References

No definition available.

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