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RECEIVABLES (Tables) | 12 Months Ended
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Oct. 29, 2023
Accounts, Notes, Loans and Financing Receivable |
Schedule of Financing Receivable Installments | Financing receivable installments, including unearned finance income, at October 29, 2023 and October 30, 2022 were scheduled as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 |
​ | ​ | Unrestricted/Securitized |  | Unrestricted/Securitized |
Due in months: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
0 – 12 | ​ | $ | 22,176 | ​ | $ | 2,820 | ​ | $ | 17,032 | ​ | $ | 2,226 | ​
13 – 24 | ​ |  | 8,646 | ​ |  | 2,089 | ​ |  | 7,975 | ​ |  | 1,667 | ​
25 – 36 | ​ |  | 6,692 | ​ |  | 1,509 | ​ |  | 5,987 | ​ |  | 1,209 | ​
37 – 48 | ​ |  | 4,844 | ​ |  | 824 | ​ |  | 4,297 | ​ |  | 709 | ​
49 – 60 | ​ |  | 2,920 | ​ |  | 241 | ​ |  | 2,559 | ​ |  | 227 | ​
Thereafter | ​ |  | 942 | ​ |  | 11 | ​ |  | 809 | ​ |  | 9 | ​
Total | ​ | $ | 46,220 | ​ | $ | 7,494 | ​ | $ | 38,659 | ​ | $ | 6,047 | ​
​
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Retail Notes | ​ | Revolving | ​ | ​ | ​ | ​ |
​ | ​ | & Financing | ​ | Charge | ​ | Wholesale | ​ | ​ |
​ |  | Leases |  | Accounts |  | Receivables | ​ | Total |
2023 |  | ​ |  | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​ |
Allowance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning of year balance | ​ | $ | 299 | ​ | $ | 22 | ​ | $ | 4 | ​ | $ | 325 | ​
Provision | ​ | ​ | 97 | ​ | ​ | 22 | ​ | ​ | ​ | ​ | ​ | 119 | ​
Provision transferred to held for sale | ​ | ​ | (142) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (142) | ​
Provision (credit) | ​ |  | (45) | ​ |  | 22 | ​ |  | ​ | ​ |  | (23) | ​
Write-offs | ​ |  | (84) | ​ |  | (45) | ​ |  | ​ | ​ |  | (129) | ​
Recoveries | ​ |  | 21 | ​ |  | 22 | ​ | ​ | ​ | ​ |  | 43 | ​
Translation adjustments | ​ |  | (19) | ​ | ​ | ​ | ​ |  | ​ | ​ |  | (19) | ​
End of year balance* | ​ | $ | 172 | ​ | $ | 21 | ​ | $ | 4 | ​ | $ | 197 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financing receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End of year balance | ​ | $ | 39,585 | ​ | $ | 4,698 | ​ | $ | 6,922 | ​ | $ | 51,205 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 |  | ​ | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |
Allowance: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning of year balance | ​ | $ | 138 | ​ | $ | 21 | ​ | $ | 7 | ​ | $ | 166 | ​
Provision (credit) | ​ |  | 197 | ​ |  | (2) | ​ |  | (3) | ​ |  | 192 | ​
Write-offs | ​ |  | (61) | ​ |  | (27) | ​ |  | ​ | ​ |  | (88) | ​
Recoveries | ​ |  | 22 | ​ |  | 30 | ​ | ​ | ​ | ​ |  | 52 | ​
Translation adjustments | ​ |  | 3 | ​ | ​ | ​ | ​ |  | ​ | ​ |  | 3 | ​
End of year balance* | ​ | $ | 299 | ​ | $ | 22 | ​ | $ | 4 | ​ | $ | 325 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financing receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End of year balance | ​ | $ | 35,367 | ​ | $ | 4,255 | ​ | $ | 3,273 | ​ | $ | 42,895 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​
* Individual allowances were not significant. ​
Financing Receivable Analysis Metrics | Financing receivable analysis metrics follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 | ​
Percent of the overall financing receivable portfolio: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Past-due amounts | ​ | ​ | 1.02 | ​ | ​ | 1.07 | ​
Non-performing | ​ | ​ | .92 | ​ | ​ | .83 | ​
Allowance for credit losses | ​ | ​ | .38 | ​ | ​ | .76 | ​
Deposits held as credit enhancements | ​ | $ | 154 | ​ | $ | 158 | ​
​ ​ The allowance for credit losses as a percent of the overall financing receivable portfolio follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 | ​
Deere & Company | ​ | .38 | ​ | .76 | ​ | .43 | ​
Closest comparators* | ​ | .90 | ​ | .93 | ​ | 1.15 | ​
​ * Peer companies from the 6153 and 6159 standard industrial classification (SIC) codes. ​
Schedule of Troubled Debt Restructuring Modifications | The following table quantifies troubled debt restructurings: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 | ​
Number of receivable contracts | ​ | ​ | 209 | ​ | ​ | 276 | ​ | ​ | 397 | ​
Pre-modification balance | ​ | $ | 10 | ​ | $ | 12 | ​ | $ | 18 | ​
Post modification balance | ​ | ​ | 9 | ​ | ​ | 10 | ​ | ​ | 17 | ​
​
Schedule of Other Receivables | Other receivables at the end of 2023 and 2022 consisted of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |
Taxes receivable | ​ | $ | 1,626 | ​ | $ | 1,450 |
Collateral on derivatives | ​ | ​ | 667 | ​ | ​ | 709 | ​
Receivables from unconsolidated affiliates | ​ | ​ | 3 | ​ | ​ | ​ | ​
Other | ​ |  | 327 | ​ |  | 333 | ​
Other receivables |  | $ | 2,623 |  | $ | 2,492 | ​
​
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) by year of origination was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 29, 2023 | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​
Retail customer receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 15,191 | ​ | $ | 8,430 | ​ | $ | 5,120 | ​ | $ | 2,334 | ​
30-59 days past due | ​ | ​ | 62 | ​ | ​ | 75 | ​ | ​ | 39 | ​ | ​ | 21 | ​
60-89 days past due | ​ | ​ | 18 | ​ | ​ | 26 | ​ | ​ | 18 | ​ | ​ | 10 | ​
90+ days past due | ​ | ​ | 2 | ​ | ​ | 1 | ​ | ​ | 3 | ​ | ​ | 3 | ​
Non-performing | ​ | ​ | 30 | ​ | ​ | 78 | ​ | ​ | 62 | ​ | ​ | 33 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 2,927 | ​ | ​ | 1,961 | ​ | ​ | 1,084 | ​ | ​ | 353 | ​
30-59 days past due | ​ | ​ | 49 | ​ | ​ | 34 | ​ | ​ | 27 | ​ | ​ | 9 | ​
60-89 days past due | ​ | ​ | 19 | ​ | ​ | 14 | ​ | ​ | 12 | ​ | ​ | 5 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | 6 | ​ | ​ | 1 | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | 42 | ​ | ​ | 80 | ​ | ​ | 55 | ​ | ​ | 23 | ​
Total retail customer receivables | ​ | $ | 18,340 | ​ | $ | 10,705 | ​ | $ | 6,421 | ​ | $ | 2,791 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 29, 2023 | ​
​ | ​ | 2019 | ​ | Prior Years | ​ | Revolving Charge Accounts | ​ | Total | ​
Retail customer receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 853 | ​ | $ | 280 | ​ | $ | 4,526 | ​ | $ | 36,734 | ​
30-59 days past due | ​ | ​ | 9 | ​ | ​ | 3 | ​ | ​ | 29 | ​ | ​ | 238 | ​
60-89 days past due | ​ | ​ | 4 | ​ | ​ | 2 | ​ | ​ | 9 | ​ | ​ | 87 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 9 | ​
Non-performing | ​ | ​ | 22 | ​ | ​ | 22 | ​ | ​ | 8 | ​ | ​ | 255 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 84 | ​ | ​ | 29 | ​ | ​ | 119 | ​ | ​ | 6,557 | ​
30-59 days past due | ​ | ​ | 4 | ​ | ​ | ​ | ​ | ​ | 4 | ​ | ​ | 127 | ​
60-89 days past due | ​ | ​ | 2 | ​ | ​ | ​ | ​ | ​ | 2 | ​ | ​ | 54 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | 8 | ​
Non-performing | ​ | ​ | 9 | ​ | ​ | 4 | ​ | ​ | 1 | ​ | ​ | 214 | ​
Total retail customer receivables | ​ | $ | 987 | ​ | $ | 341 | ​ | $ | 4,698 | ​ | $ | 44,283 | ​
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 30, 2022 | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​
Retail customer receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 13,500 | ​ | $ | 7,984 | ​ | $ | 4,091 | ​ | $ | 1,875 | ​
30-59 days past due | ​ | ​ | 46 | ​ | ​ | 63 | ​ | ​ | 36 | ​ | ​ | 17 | ​
60-89 days past due | ​ | ​ | 14 | ​ | ​ | 25 | ​ | ​ | 13 | ​ | ​ | 6 | ​
90+ days past due | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | 27 | ​ | ​ | 60 | ​ | ​ | 44 | ​ | ​ | 28 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 2,964 | ​ | ​ | 1,974 | ​ | ​ | 842 | ​ | ​ | 292 | ​
30-59 days past due | ​ | ​ | 53 | ​ | ​ | 52 | ​ | ​ | 23 | ​ | ​ | 9 | ​
60-89 days past due | ​ | ​ | 19 | ​ | ​ | 16 | ​ | ​ | 7 | ​ | ​ | 3 | ​
90+ days past due | ​ | ​ | 1 | ​ | ​ | 4 | ​ | ​ | 1 | ​ | ​ | 3 | ​
Non-performing | ​ | ​ | 25 | ​ | ​ | 61 | ​ | ​ | 34 | ​ | ​ | 19 | ​
Total retail customer receivables | ​ | $ | 16,650 | ​ | $ | 10,239 | ​ | $ | 5,091 | ​ | $ | 2,252 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 30, 2022 | ​
​ | ​ | 2018 | ​ | Prior Years | ​ | Revolving Charge Accounts | ​ | Total | ​
Retail customer receivables: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 785 | ​ | $ | 200 | ​ | $ | 4,111 | ​ | $ | 32,546 | ​
30-59 days past due | ​ | ​ | 7 | ​ | ​ | 3 | ​ | ​ | 19 | ​ | ​ | 191 | ​
60-89 days past due | ​ | ​ | 2 | ​ | ​ | 1 | ​ | ​ | 5 | ​ | ​ | 66 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Non-performing | ​ | ​ | 18 | ​ | ​ | 19 | ​ | ​ | 8 | ​ | ​ | 204 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 73 | ​ | ​ | 12 | ​ | ​ | 108 | ​ | ​ | 6,265 | ​
30-59 days past due | ​ | ​ | 2 | ​ | ​ | 1 | ​ | ​ | 3 | ​ | ​ | 143 | ​
60-89 days past due | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | 47 | ​
90+ days past due | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | 10 | ​
Non-performing | ​ | ​ | 7 | ​ | ​ | 3 | ​ | ​ | ​ | ​ | ​ | 149 | ​
Total retail customer receivables | ​ | $ | 895 | ​ | $ | 240 | ​ | $ | 4,255 | ​ | $ | 39,622 | ​
​
Wholesale Receivables |
Accounts, Notes, Loans and Financing Receivable |
Credit Quality Analysis | The credit quality analysis of wholesale receivables by year of origination was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 29, 2023 | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​
Wholesale receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 631 | ​ | $ | 93 | ​ | $ | 21 | ​ | $ | 4 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 23 | ​ | ​ | 5 | ​ | ​ | 20 | ​ | ​ | ​ | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 654 | ​ | $ | 98 | ​ | $ | 41 | ​ | $ | 4 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 29, 2023 | ​
​ | ​ | 2019 | ​ | Prior Years | ​ | Revolving | ​ | Total | ​
Wholesale receivables: | ​ |  |  |  |  |  |  |  |  |  |  |  | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 1 | ​ | $ | 160 | ​ | $ | 5,175 | ​ | $ | 6,085 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | ​ | 76 | ​ | ​ | 712 | ​ | ​ | 836 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 2 | ​ | $ | 236 | ​ | $ | 5,887 | ​ | $ | 6,922 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 30, 2022 | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​
Wholesale receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 387 | ​ | $ | 64 | ​ | $ | 27 | ​ | $ | 4 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 7 | ​ | ​ | 29 | ​ | ​ | 2 | ​ | ​ | 1 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | $ | 394 | ​ | $ | 93 | ​ | $ | 29 | ​ | $ | 6 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 30, 2022 | ​
​ | ​ | 2018 | ​ | Prior Years | ​ | Revolving | ​ | Total | ​
Wholesale receivables: | ​ |  |  |  |  |  |  |  |  |  |  |  | ​
Agriculture and turf | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | $ | 2 | ​ | $ | 2,371 | ​ | $ | 2,855 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​
Construction and forestry | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | 377 | ​ | ​ | 417 | ​
30+ days past due | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-performing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total wholesale receivables | ​ | ​ | ​ | ​ | $ | 3 | ​ | $ | 2,748 | ​ | $ | 3,273 | ​
​
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 the end of 2023 and 2022 follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |
Trade accounts and notes receivable: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag | ​ | $ | 2,642 | ​ | $ | 2,397 | ​
Small ag & turf | ​ | ​ | 2,344 | ​ | ​ | 2,065 | ​
Construction & forestry | ​ |  | 2,753 | ​ |  | 1,948 | ​
Trade accounts and notes receivable – net | ​ | $ | 7,739 | ​ | $ | 6,410 | ​
​
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 29, 2023, October 30, 2022, and October 31, 2021, as well as the related activity, follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​
Beginning of year balance | ​ | $ | 36 | ​ | $ | 41 | ​ | $ | 39 | ​
ASU No. 2016-13 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2) | ​
Provision | ​ | ​ | 7 | ​ | ​ | 1 | ​ | ​ | 10 | ​
Write-offs | ​ | ​ | (8) | ​ | ​ | (5) | ​ | ​ | (7) | ​
Translation adjustments | ​ | ​ | ​ | ​ | ​ | (1) | ​ | ​ | 1 | ​
End of year balance | ​ | $ | 35 | ​ | $ | 36 | ​ | $ | 41 | ​
​
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 the end of 2023 and 2022 follow: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 |
​ |  | Unrestricted/Securitized |  | Unrestricted/Securitized | ​
Retail notes: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | ​
Agriculture and turf | ​ | $ | 26,955 | ​ | $ | 6,052 | ​ | $ | 23,830 | ​ | $ | 4,868 | ​
Construction and forestry | ​ |  | 4,623 | ​ |  | 1,442 | ​ |  | 4,396 | ​ |  | 1,179 | ​
Total | ​ |  | 31,578 | ​ |  | 7,494 | ​ |  | 28,226 | ​ |  | 6,047 | ​
Wholesale notes | ​ |  | 6,947 | ​ | ​ | ​ | ​ |  | 3,285 | ​ | ​ | ​ | ​
Revolving charge accounts | ​ |  | 4,789 | ​ | ​ | ​ | ​ |  | 4,316 | ​ | ​ | ​ | ​
Financing leases (direct and sales-type) | ​ |  | 2,906 | ​ | ​ | ​ | ​ |  | 2,832 | ​ | ​ | ​ | ​
Total financing receivables | ​ |  | 46,220 | ​ |  | 7,494 | ​ |  | 38,659 | ​ |  | 6,047 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unearned finance income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail notes | ​ |  | 1,906 | ​ |  | 137 | ​ |  | 1,358 | ​ |  | 95 | ​
Wholesale notes | ​ | ​ | 25 | ​ | ​ | ​ | ​ | ​ | 12 | ​ | ​ | ​ | ​
Revolving charge accounts | ​ | ​ | 91 | ​ | ​ | ​ | ​ | ​ | 61 | ​ | ​ | ​ | ​
Financing leases | ​ |  | 350 | ​ | ​ | ​ | ​ |  | 285 | ​ | ​ | ​ | ​
Total | ​ |  | 2,372 | ​ |  | 137 | ​ |  | 1,716 | ​ |  | 95 | ​
Allowance for credit losses | ​ |  | 175 | ​ |  | 22 | ​ |  | 309 | ​ |  | 16 | ​
Financing receivables – net | ​ | $ | 43,673 | ​ | $ | 7,335 | ​ | $ | 36,634 | ​ | $ | 5,936 | ​
​
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 | The balances at the end of 2023 and 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 |
Retail notes*: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Agriculture and turf | ​ | $ | 1,084 | ​ | $ | 1,392 | ​
Construction and forestry | ​ | ​ | 320 | ​ |  | 304 | ​
Total | ​ | ​ | 1,404 | ​ |  | 1,696 | ​
Wholesale notes | ​ | ​ | 6,947 | ​ |  | 3,285 | ​
Direct financing and sales-type leases* | ​ | ​ | 494 | ​ |  | 799 | ​
Total | ​ | ​ | 8,845 | ​ | ​ | 5,780 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unearned finance income: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail notes | ​ | ​ | 137 | ​ | ​ | 133 | ​
Wholesale notes | ​ | ​ | 25 | ​ | ​ | 12 | ​
Direct financing and sales-type leases | ​ | ​ | 60 | ​ |  | 67 | ​
Total | ​ |  | 222 | ​ |  | 212 | ​
Financing receivables related to our sales of equipment | ​ | $ | 8,623 | ​ | $ | 5,568 | ​
* These balances arise from sales and direct financing leases of equipment by company-owned dealers or through direct sales. ​

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- Definition Tabular disclosure of allowance for credit loss on financing receivable and net investment in lease. + References No definition available. + Details
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