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COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Apr. 30, 2023
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

Six Months Ended

 

April 30

May 1

April 30

May 1

 

2023

2022

2023

2022

 

Beginning of period balance

    

$

2,345

    

$

2,064

    

$

2,293

    

$

2,086

Payments

(274)

 

(224)

(537)

 

(417)

Amortization of premiums received

(63)

 

(64)

(146)

 

(130)

Accruals for warranties

392

 

223

647

 

404

Premiums received

108

 

91

215

 

174

Foreign exchange

3

 

5

39

 

(22)

End of period balance

$

2,511

$

2,095

$

2,511

$

2,095