Schedule of Financing Receivable Installments

Financing receivable installments, including unearned finance income, at October 27, 2024 and October 29, 2023 were scheduled as follows:


	2024				2023
	Unrestricted/Securitized				Unrestricted/Securitized
Due in months:
0 – 12	$	23,872	$	3,555	$	22,176	$	2,820
13 – 24		8,187		2,507		8,646		2,089
25 – 36		6,356		1,702		6,692		1,509
37 – 48		4,509		918		4,844		824
49 – 60		2,660		266		2,920		241
Thereafter		781		9		942		11
Total	$	46,365	$	8,957	$	46,220	$	7,494

Write-offs by Year of Origination

Write-offs by year of origination were as follows:


	October 27, 2024
	2024		2023		2022		2021
Retail customer receivables:
Agriculture and turf	$	5	$	33	$	25	$	11
Construction and forestry		9		38		30		11
Total	$	14	$	71	$	55	$	22

	October 27, 2024
	2020		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf	$	11	$	5	$	87	$	177
Construction and forestry		5		3		8		104
Total	$	16	$	8	$	95	$	281

Amortized Cost and Performance of Modified Loans

At October 27, 2024, the ending amortized cost and performance of modified loans with borrowers experiencing financial difficulty in 2024 was as follows:


	2024
Current	$	78
30-59 days past due		1
60-89 days past due		2
90+ days past due
Non-performing		13
Total	$	94

Schedule of Other Receivables

Other receivables at the end of 2024 and 2023 consisted of:


	2024		2023
Taxes receivable	$	1,874	$	1,626
Collateral on derivatives		254		667
Receivables from unconsolidated affiliates		3		3
Other		414		327
Other receivables	$	2,545	$	2,623

Accounts, Notes, Loans and Financing Receivable

Credit Quality Analysis

The credit quality analysis of wholesale receivables by year of origination was as follows:


	October 27, 2024
	2024		2023		2022		2021
Wholesale receivables:
Agriculture and turf:
Current	$	650	$	164	$	29	$	6
30+ days past due
Non-performing
Construction and forestry:
Current		21		11		3		12
30+ days past due
Non-performing
Total	$	671	$	175	$	32	$	18

	October 27, 2024
	2020		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf:
Current	$	1			$	6,718	$	7,568
30+ days past due
Non-performing			$	1				1
Construction and forestry:
Current						1,311		1,358
30+ days past due
Non-performing
Total	$	1	$	1	$	8,029	$	8,927


	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	$	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	$	2	$	236	$	5,887	$	6,922

Accounts, Notes, Loans and Financing Receivable

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 27, 2024, October 29, 2023, and October 30, 2022, as well as the related activity, follow:


	2024		2023		2022
Beginning of year balance	$	35	$	36	$	41
Provision		34		7		1
Write-offs		(5)		(8)		(5)
Translation adjustments		2				(1)
End of year balance*	$	66	$	35	$	36

* Individual allowances were not significant.

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 2024 and 2023 were as follows:


	2024		2023
Retail notes*:
Agriculture and turf	$	376	$	1,084
Construction and forestry		271		320
Total		647		1,404
Wholesale notes		8,951		6,947
Direct financing and sales-type leases*		295		494
Total financing receivables		9,893		8,845
Less:
Unearned finance income:
Retail notes		37		137
Wholesale notes		24		25
Direct financing and sales-type leases		47		60
Total		108		222
Financing receivables related to our sales of equipment	$	9,785	$	8,623

* These balances arise from sales and direct financing leases of equipment by company-owned dealers or through direct sales.