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v3.26.1

SEGMENT DATA (Tables) | 6 Months Ended
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May 03, 2026
SEGMENT DATA |
Schedule of Segment Reporting Information | Information relating to operations by operating segment was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended May 3, 2026 |  | PPA |  | SAT |  | CF |  | FS |  | Total |
External net sales | ​ | $ | 4,503 | ​ | $ | 3,485 | ​ | $ | 3,790 | ​ | ​ | ​ | ​ | $ | 11,778 | ​
External finance and interest income | ​ | ​ | 10 | ​ | ​ | 6 | ​ | ​ | 3 | ​ | $ | 1,243 | ​ | ​ | 1,262 | ​
External other income | ​ |  | 60 | ​ |  | 41 | ​ |  | 50 | ​ |  | 123 | ​ |  | 274 | ​
Intersegment income | ​ |  | 39 | ​ | ​ | 8 | ​ | ​ | 11 | ​ |  | 143 | ​ |  | 201 | ​
Total segment net sales and revenues | ​ |  | 4,612 | ​ |  | 3,540 | ​ |  | 3,854 | ​ |  | 1,509 | ​ |  | 13,515 | ​
Cost of sales | ​ | ​ | (3,100) | ​ | ​ | (2,377) | ​ | ​ | (2,800) | ​ | ​ | ​ | ​ | ​ | (8,277) | ​
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (649) | ​ | ​ | (649) | ​
Other segment items* | ​ | ​ | (806) | ​ | ​ | (444) | ​ | ​ | (493) | ​ | ​ | (609) | ​ | ​ | (2,352) | ​
Segment operating profit | ​ | $ | 706 | ​ | $ | 719 | ​ | $ | 561 | ​ | $ | 251 | ​ | $ | 2,237 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended May 3, 2026 |  | PPA | ​ | SAT | ​ | CF | ​ | FS | ​ | Total | ​
External net sales | ​ | $ | 7,666 | ​ | $ | 5,653 | ​ | $ | 6,460 | ​ | ​ | ​ | ​ | $ | 19,779 | ​
External finance and interest income | ​ | ​ | 22 | ​ | ​ | 17 | ​ | ​ | 8 | ​ | $ | 2,504 | ​ | ​ | 2,551 | ​
External other income | ​ |  | 117 | ​ | ​ | 78 | ​ | ​ | 98 | ​ | ​ | 247 | ​ |  | 540 | ​
Intersegment income | ​ |  | 93 | ​ | ​ | 17 | ​ | ​ | 18 | ​ | ​ | 246 | ​ |  | 374 | ​
Total segment net sales and revenues | ​ |  | 7,898 | ​ |  | 5,765 | ​ |  | 6,584 | ​ |  | 2,997 | ​ |  | 23,244 | ​
Cost of sales | ​ | ​ | (5,576) | ​ | ​ | (4,011) | ​ | ​ | (4,981) | ​ | ​ | ​ | ​ | ​ | (14,568) | ​
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,313) | ​ | ​ | (1,313) | ​
Other segment items* | ​ | ​ | (1,477) | ​ | ​ | (838) | ​ | ​ | (905) | ​ | ​ | (1,132) | ​ | ​ | (4,352) | ​
Segment operating profit | ​ | $ | 845 | ​ | $ | 916 | ​ | $ | 698 | ​ | $ | 552 | ​ | $ | 3,011 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended April 27, 2025 |  | PPA | ​ | SAT | ​ | CF | ​ | FS | ​ | Total | ​
External net sales | ​ | $ | 5,230 | ​ | $ | 2,994 | ​ | $ | 2,947 | ​ | ​ | ​ | ​ | $ | 11,171 | ​
External finance and interest income | ​ | ​ | 8 | ​ | ​ | 6 | ​ | ​ | 4 | ​ | $ | 1,276 | ​ | ​ | 1,294 | ​
External other income | ​ |  | 49 | ​ |  | 33 | ​ |  | 45 | ​ |  | 109 | ​ |  | 236 | ​
Intersegment income | ​ |  | 47 | ​ |  | 11 | ​ |  | ​ | ​ |  | 116 | ​ |  | 174 | ​
Total segment net sales and revenues | ​ |  | 5,334 | ​ |  | 3,044 | ​ |  | 2,996 | ​ |  | 1,501 | ​ |  | 12,875 | ​
Cost of sales | ​ | ​ | (3,398) | ​ | ​ | (2,045) | ​ | ​ | (2,174) | ​ | ​ | ​ | ​ | ​ | (7,617) | ​
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (721) | ​ | ​ | (721) | ​
Other segment items* | ​ | ​ | (788) | ​ | ​ | (425) | ​ | ​ | (443) | ​ | ​ | (573) | ​ | ​ | (2,229) | ​
Segment operating profit | ​ | $ | 1,148 | ​ | $ | 574 | ​ | $ | 379 | ​ | $ | 207 | ​ | $ | 2,308 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended April 27, 2025 |  | PPA | ​ | SAT | ​ | CF | ​ | FS | ​ | Total | ​
External net sales | ​ | $ | 8,297 | ​ | $ | 4,742 | ​ | $ | 4,941 | ​ | ​ | ​ | ​ | $ | 17,980 | ​
External finance and interest income | ​ | ​ | 17 | ​ | ​ | 15 | ​ | ​ | 6 | ​ | $ | 2,639 | ​ | ​ | 2,677 | ​
External other income | ​ |  | 105 | ​ |  | 66 | ​ |  | 90 | ​ |  | 217 | ​ |  | 478 | ​
Intersegment income | ​ |  | 105 | ​ |  | 16 | ​ |  | 2 | ​ |  | 218 | ​ |  | 341 | ​
Total segment net sales and revenues | ​ |  | 8,524 | ​ |  | 4,839 | ​ |  | 5,039 | ​ |  | 3,074 | ​ |  | 21,476 | ​
Cost of sales | ​ | ​ | (5,563) | ​ | ​ | (3,341) | ​ | ​ | (3,758) | ​ | ​ | ​ | ​ | ​ | (12,662) | ​
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,487) | ​ | ​ | (1,487) | ​
Other segment items* | ​ | ​ | (1,475) | ​ | ​ | (800) | ​ | ​ | (837) | ​ | ​ | (1,114) | ​ | ​ | (4,226) | ​
Segment operating profit | ​ | $ | 1,486 | ​ | $ | 698 | ​ | $ | 444 | ​ | $ | 473 | ​ | $ | 3,101 | ​
* Other segment items for PPA, SAT, and CF include selling, administrative and general expenses; advertising; engineering; research and development; equity in income (loss) of unconsolidated affiliates; and other miscellaneous operating expenses. Financial Services other segment items include selling, administrative and general expenses; foreign exchange gains and losses; equity in income (loss) of unconsolidated affiliates; and other miscellaneous operating expenses. A reconciliation of segment net sales and revenues and segment operating profit to consolidated net sales and revenues and consolidated net income follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended |
​ | ​ | May 3 | ​ | April 27 | ​ | May 3 | ​ | April 27 | ​
​ | ​ | 2026 | ​ | 2025 | ​ | 2026 | ​ | 2025 | ​
Reconciliation of net sales and revenues | ​ | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​ | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​ | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​
Segment net sales and revenues | ​ | $ | 13,515 | ​ | $ | 12,875 | ​ | $ | 23,244 | ​ | $ | 21,476 | ​
External other income* | ​ | ​ | 55 | ​ | ​ | 62 | ​ | ​ | 111 | ​ | ​ | 137 | ​
Elimination of intersegment revenues | ​ |  | (201) | ​ |  | (174) | ​ |  | (374) | ​ |  | (341) | ​
Net sales and revenues | ​ | $ | 13,369 | ​ | $ | 12,763 | ​ | $ | 22,981 | ​ | $ | 21,272 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment operating profit | ​ | $ | 2,237 | ​ | $ | 2,308 | ​ | $ | 3,011 | ​ | $ | 3,101 | ​
Interest income – excluding FS | ​ | ​ | 91 | ​ | ​ | 90 | ​ | ​ | 183 | ​ | ​ | 178 | ​
Interest expense – excluding FS | ​ |  | (102) | ​ |  | (94) | ​ |  | (195) | ​ |  | (178) | ​
Pension and OPEB benefit, excluding service cost component | ​ |  | 125 | ​ |  | 107 | ​ |  | 255 | ​ |  | 223 | ​
Corporate other – net** | ​ |  | (63) | ​ |  | (71) | ​ |  | (115) | ​ |  | (91) | ​
Income taxes | ​ |  | (518) | ​ | ​ | (539) | ​ | ​ | (714) | ​ | ​ | (566) | ​
Net income | ​ | $ | 1,770 | ​ | $ | 1,801 | ​ | $ | 2,425 | ​ | $ | 2,667 | ​
* External other income includes corporate investment income, corporate interest income, and other miscellaneous revenue items that are included in “Finance and interest income” and “Other income” on the statements of consolidated income. ** Corporate other – net includes certain foreign exchange gains and losses, certain investment income, and certain corporate administrative and general expenses. Additional operating segment information was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | May 3 | ​ | April 27 | ​ | May 3 | ​ | April 27 | ​
​ | ​ | 2026 | ​ | 2025 | ​ | 2026 | ​ | 2025 |
Depreciation* and amortization expense | ​
PPA | ​ | $ | 167 | ​ | $ | 168 | ​ | $ | 338 | ​ | $ | 334 | ​
SAT | ​ | ​ | 76 | ​ | ​ | 67 | ​ | ​ | 151 | ​ | ​ | 132 | ​
CF | ​ |  | 104 | ​ |  | 89 | ​ |  | 200 | ​ |  | 177 | ​
FS | ​ |  | 272 | ​ |  | 264 | ​ |  | 546 | ​ |  | 529 | ​
Intersegment | ​ | ​ | (25) | ​ | ​ | (33) | ​ | ​ | (51) | ​ | ​ | (68) | ​
Total | ​ | $ | 594 | ​ | $ | 555 | ​ | $ | 1,184 | ​ | $ | 1,104 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital additions | ​
PPA | ​ | $ | 99 | ​ | $ | 112 | ​ | $ | 173 | ​ | $ | 199 | ​
SAT | ​ | ​ | 48 | ​ | ​ | 38 | ​ | ​ | 80 | ​ | ​ | 73 | ​
CF | ​ |  | 73 | ​ |  | 75 | ​ |  | 121 | ​ |  | 153 | ​
FS | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Total | ​ | $ | 220 | ​ | $ | 225 | ​ | $ | 374 | ​ | $ | 425 | ​
* Depreciation includes depreciation for equipment on operating leases.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | May 3 | ​ | November 2 | ​ | April 27 | ​
​ | ​ | 2026 | ​ | 2025 | ​ | 2025 | ​
Total Assets |  | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​ | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​ | ​ | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ | ​
PPA | ​ | $ | 9,091 | ​ | $ | 8,787 | ​ | $ | 8,909 | ​
SAT | ​ | ​ | 4,420 | ​ | ​ | 3,987 | ​ | ​ | 4,234 | ​
CF | ​ |  | 8,522 | ​ |  | 7,792 | ​ |  | 7,753 | ​
FS | ​ |  | 69,549 | ​ |  | 70,021 | ​ |  | 70,569 | ​
Corporate* | ​ |  | 15,419 | ​ |  | 15,409 | ​ |  | 14,838 | ​
Total Assets | ​ | $ | 107,001 | ​ | $ | 105,996 | ​ | $ | 106,303 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity investment in unconsolidated affiliates | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PPA | ​ | $ | 10 | ​ | $ | 11 | ​ | $ | 12 | ​
SAT | ​ | ​ | 37 | ​ | ​ | 37 | ​ | ​ | 59 | ​
CF | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
FS | ​ |  | 470 | ​ |  | 462 | ​ |  | 425 | ​
Total | ​ | $ | 517 | ​ | $ | 510 | ​ | $ | 496 | ​
* Corporate assets are managed on a consolidated basis, including cash and cash equivalents, retirement benefit net assets, goodwill, and deferred income tax assets.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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