LEASES (Tables)

3 Months Ended

Feb. 01, 2026

LEASES

Schedule of Lease Revenues Earned

Lease revenues earned by us were as follows:

	Three Months Ended
	February 1		January 26
	2026		2025
Sales-type and direct financing lease revenues	$	29.5	$	28.2
Operating lease revenues		264.3		254.1
Variable lease revenues		5.1		4.1
Total lease revenues	$	298.9	$	286.4

Schedule of Cost of Equipment on Operating Leases by Market

The cost of equipment on operating leases by market and residual values were as follows:

	February 1		November 2		January 26
	2026		2025		2025
Agriculture and turf	$	5,962.0	$	6,046.7	$	5,693.4
Construction and forestry		895.3		908.5		931.5
Total		6,857.3		6,955.2		6,624.9
Accumulated depreciation		(1,450.9)		(1,415.7)		(1,331.2)
Equipment on operating leases – net	$	5,406.4	$	5,539.5	$	5,293.7
Operating lease residual values	$	3,825.1	$	3,899.1	$	3,734.7
First-loss residual value guarantees		735.8		756.9		697.5