SECURITIZATION OF RECEIVABLES (Tables)

3 Months Ended

Feb. 01, 2026

SECURITIZATION OF RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of the securitization programs were as follows:

	February 1		November 2		January 26
	2026		2025		2025
Retail notes securitized	$	6,518.7	$	6,870.8	$	8,304.8
Allowance for credit losses		(39.3)		(41.0)		(49.6)
Other assets*		173.5		173.5		182.4
Total restricted securitized assets	$	6,652.9	$	7,003.3	$	8,437.6
Securitization borrowings	$	6,282.9	$	6,595.4	$	8,012.6
Accrued interest on borrowings		12.9		15.1		11.5
Total liabilities related to restricted securitized assets	$	6,295.8	$	6,610.5	$	8,024.1

^* Primarily restricted cash of $156.9, $161.8, and $163.0 at February 1, 2026, November 2, 2025, and January 26, 2025, respectively.