LEASES (Tables)

6 Months Ended

May 03, 2026

LEASES

Schedule of Lease Revenues Earned

Lease revenues earned by us were as follows:

	Three Months Ended				Six Months Ended
	May 3		April 27		May 3		April 27
	2026		2025		2026		2025
Sales-type and direct financing lease revenues	$	27.7	$	27.8	$	57.2	$	56.0
Operating lease revenues		268.3		256.8		532.6		510.9
Variable lease revenues		5.2		4.8		10.3		8.9
Total lease revenues	$	301.2	$	289.4	$	600.1	$	575.8

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:

	May 3		November 2		April 27
	2026		2025		2025
Agriculture and turf	$	6,023.3	$	6,046.7	$	5,792.3
Construction and forestry		903.0		908.5		919.0
Total		6,926.3		6,955.2		6,711.3
Accumulated depreciation		(1,455.4)		(1,415.7)		(1,358.3)
Equipment on operating leases – net	$	5,470.9	$	5,539.5	$	5,353.0
Operating lease residual values	$	3,858.9	$	3,899.1	$	3,785.4
First-loss residual value guarantees		728.1		756.9		714.9