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Receivables (Tables) - Retail notes
12 Months Ended
Oct. 30, 2022
Receivables  
Schedule of Receivables by Market

Retail notes receivable by market at October 30, 2022 and October 31, 2021 were as follows (in millions of dollars):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

 

​

    

Unrestricted

    

Securitized

    

Unrestricted

    

Securitized

 

Agriculture and turf – new

​

$

12,997.8

​

$

2,100.2

​

$

12,125.8

​

$

1,713.7

​

Agriculture and turf – used

​

 

6,745.8

​

 

2,767.4

​

 

5,992.5

​

 

2,326.6

​

Construction and forestry – new

​

 

2,776.5

​

 

846.7

​

 

2,902.1

​

 

536.0

​

Construction and forestry – used

​

 

1,105.0

​

 

332.0

​

 

974.6

​

 

165.9

​

Total

​

 

23,625.1

​

 

6,046.3

​

 

21,995.0

​

 

4,742.2

​

Unearned finance income

​

 

(764.8)

​

 

(94.7)

​

 

(651.5)

​

 

(79.8)

​

Retail notes receivable

​

$

22,860.3

​

$

5,951.6

​

$

21,343.5

​

$

4,662.4

​

Schedule of Receivable Installments

Gross retail note installments at October 30, 2022 and October 31, 2021 were scheduled to be received as follows (in millions of dollars):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

 

​

    

Unrestricted

    

Securitized

    

Unrestricted

    

Securitized

 

Due in:

​

​

​

​

​

​

​

​

​

​

​

​

​

0-12 months

​

$

7,139.7

​

$

2,225.2

​

$

6,448.9

​

$

1,894.0

​

13-24 months

​

 

5,668.8

​

 

1,667.4

​

 

5,361.5

​

 

1,322.8

​

25-36 months

​

 

4,677.8

​

 

1,208.9

​

 

4,400.4

​

 

884.4

​

37-48 months

​

 

3,427.2

​

 

709.3

​

 

3,232.5

​

 

478.1

​

49-60 months

​

 

2,057.6

​

 

226.8

​

 

1,927.4

​

 

149.7

​

Over 60 months

​

 

654.0

​

 

8.7

​

 

624.3

​

 

13.2

​

Total

​

$

23,625.1

​

$

6,046.3

​

$

21,995.0

​

$

4,742.2

​

Schedule of Guidelines Relating to Down Payment Requirements and Contract Terms

Company guidelines relating to down payment requirements and contract terms on retail notes are generally as follows:

​

​

​

​

​

​

​

    

Down

​

Contract

 

​

​

Payment

​

Terms

 

Agriculture (new and used):

​

​

​

​

​

Seasonal payments

 

20%

​

3 - 7 years

​

Monthly payments

 

10%

​

36 - 84 months

​

Turf (new and used):

​

​

​

​

​

Seasonal payments

​

10%

​

3 - 7 years

​

Monthly payments

​

0%

​

36 - 84 months

​

Construction and forestry:

​

​

​

​

​

New

​

10%

​

24 - 60 months

​

Used

​

15%

​

36 - 60 months

​