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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jan. 26, 2025
Jan. 28, 2024
Cash Flows from Operating Activities    
Net income $ 867 $ 1,748
Adjustments to reconcile net income to net cash used for operating activities:    
Provision for credit losses 69 31
Provision for depreciation and amortization 549 520
Impairments and other adjustments (32)  
Share-based compensation expense 28 46
Provision for deferred income taxes 208 27
Changes in assets and liabilities:    
Receivables related to sales 1,063 (277)
Inventories (795) (723)
Accounts payable and accrued expenses (1,845) (2,327)
Accrued income taxes payable/receivable (540) 183
Retirement benefits (688) (129)
Other (16) (7)
Net cash used for operating activities (1,132) (908)
Cash Flows from Investing Activities    
Collections of receivables (excluding receivables related to sales) 8,137 7,752
Proceeds from maturities and sales of marketable securities 61 184
Proceeds from sales of equipment on operating leases 433 506
Cost of receivables acquired (excluding receivables related to sales) (6,045) (6,447)
Purchases of marketable securities (141) (229)
Purchases of property and equipment (352) (362)
Cost of equipment on operating leases acquired (439) (454)
Collateral on derivatives - net (191) 310
Other (47) (43)
Net cash provided by investing activities 1,416 1,217
Cash Flows from Financing Activities    
Net payments in short-term borrowings (original maturities three months or less) (1,484) (2,951)
Proceeds from borrowings issued (original maturities greater than three months) 3,168 5,287
Payments of borrowings (original maturities greater than three months) (1,753) (3,237)
Repurchases of common stock (441) (1,328)
Dividends paid (403) (386)
Other (10) (30)
Net cash used for financing activities (923) (2,645)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (87) 16
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (726) (2,320)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 7,633 7,620
Cash, Cash Equivalents, and Restricted Cash at End of Period 6,907 5,300
Components of Cash, Cash Equivalents, and Restricted Cash    
Cash and cash equivalents 6,601 5,137
Cash, cash equivalents, and restricted cash (Assets held for sale) 116  
Restricted cash (Other assets) $ 190 $ 163
Balance sheet location of restricted cash Other assets Other assets
Total Cash, Cash Equivalents, and Restricted Cash $ 6,907 $ 5,300