Equipment on Operating Leases (Tables)

12 Months Ended

Nov. 03, 2019

Equipment on Operating Leases

Schedule of Cost of Equipment on Operating Leases by Product Category

The cost of equipment on operating leases by product category at November 3, 2019 and October 28, 2018 was as follows (in millions of dollars):

	2019		2018
Agriculture and turf	$	5,109.4	$	4,727.0
Construction and forestry		1,778.6		1,592.7
Total		6,888.0		6,319.7
Accumulated depreciation		(1,357.5)		(1,217.2)
Equipment on operating leases – net	$	5,530.5	$	5,102.5

Schedule of Rental Payments for Equipment on Operating Leases

Initial lease terms for equipment on operating leases generally range from 12 months to 60 months. Rental payments for equipment on operating leases at November 3, 2019 and October 28, 2018 were scheduled as follows (in millions of dollars):

	2019		2018
Due in:
0-12 months	$	738.3	$	644.1
13-24 months		484.4		414.4
25-36 months		231.6		202.8
37-48 months		92.8		83.8
Over 48 months		14.4		12.4
Total	$	1,561.5	$	1,357.5