Other Income and Administrative and Operating Expenses (Tables)

12 Months Ended

Nov. 01, 2020

Other Income and Administrative and Operating Expenses

Schedule of major components of other income and administrative and operating expenses

The major components of other income and administrative and operating expenses were as follows (in millions of dollars):

	2020		2019		2018
Other income
Fees from customers *					$	22.4
Fees from John Deere	$	25.5	$	30.7		20.1
Interest income		13.8		33.1		23.3
Other		19.2		15.8		13.0
Total	$	58.5	$	79.6	$	78.8
Administrative and operating expenses
Compensation and benefits	$	251.0	$	260.5	$	255.4
Operating lease residual losses and impairments		53.6		159.5		25.0
Other		166.0		113.0		121.7
Total	$	470.6	$	533.0	$	402.1

*    During 2020 and 2019, late fees of $23.2 million and $24.5 million, respectively, from customer retail notes were classified as finance income on the statement of consolidated income. Customer late fees of $22.2 million were included in other income in 2018.