Commitments and Contingencies	9 Months Ended
Jul. 30, 2023
Commitments and Contingencies
Commitments and Contingencies	(9) Commitments and Contingencies At July 30, 2023, John Deere Financial Inc., the John Deere finance subsidiary in Canada, had $2,494.9 million of medium-term notes outstanding, and a fair value liability of $147.0 million for derivatives outstanding, prior to considering applicable netting provisions, with notional amounts of $2,419.3 million that were guaranteed by Capital Corporation. The weighted-average interest rate on the medium-term notes at July 30, 2023 was 2.5 percent with a maximum remaining maturity of six years. The Company has commitments to extend credit to customers and John Deere dealers through lines of credit and other pre-approved credit arrangements. The Company applies the same credit policies and approval process for these commitments to extend credit as it does for its Receivables. Collateral is not required for these commitments, but if credit is extended, collateral may be required upon funding. At July 30, 2023, the amount of unused commitments to extend credit to customers and John Deere dealers was $32.4 billion and $5.6 billion, respectively. A significant portion of these commitments is not expected to be fully drawn upon; therefore, the total commitment amounts likely do not represent a future cash requirement. The Company generally has the right to unconditionally cancel, alter, or amend the terms of these commitments at any time. Over 95 percent of the unused commitments to extend credit to customers relate to revolving charge accounts. The Company has a reserve for credit losses of $2.8 million on unfunded commitments that are not unconditionally cancellable at July 30, 2023, which is recorded in accounts payable and accrued expenses on the consolidated balance sheets. At July 30, 2023, the Company had restricted other assets associated with borrowings related to securitizations (see Note 5). Excluding the securitization programs, the remaining balance of restricted other assets was not material as of July 30, 2023. The Company is subject to various unresolved legal actions which arise in the normal course of its business, the most prevalent of which relate to retail credit matters. The Company believes the reasonably possible range of losses for these unresolved legal actions would not have a material effect on its consolidated financial statements.

Commitments and Contingencies

9 Months Ended

Jul. 30, 2023

(9) Commitments and Contingencies

At July 30, 2023, John Deere Financial Inc., the John Deere finance subsidiary in Canada, had $2,494.9 million of medium-term notes outstanding, and a fair value liability of $147.0 million for derivatives outstanding, prior to considering applicable netting provisions, with notional amounts of $2,419.3 million that

were guaranteed by Capital Corporation. The weighted-average interest rate on the medium-term notes at July 30, 2023 was 2.5 percent with a maximum remaining maturity of six years.

The Company has commitments to extend credit to customers and John Deere dealers through lines of credit and other pre-approved credit arrangements. The Company applies the same credit policies and approval process for these commitments to extend credit as it does for its Receivables. Collateral is not required for these commitments, but if credit is extended, collateral may be required upon funding. At July 30, 2023, the amount of unused commitments to extend credit to customers and John Deere dealers was $32.4 billion and $5.6 billion, respectively. A significant portion of these commitments is not expected to be fully drawn upon; therefore, the total commitment amounts likely do not represent a future cash requirement. The Company generally has the right to unconditionally cancel, alter, or amend the terms of these commitments at any time. Over 95 percent of the unused commitments to extend credit to customers relate to revolving charge accounts. The Company has a reserve for credit losses of $2.8 million on unfunded commitments that are not unconditionally cancellable at July 30, 2023, which is recorded in accounts payable and accrued expenses on the consolidated balance sheets.

At July 30, 2023, the Company had restricted other assets associated with borrowings related to securitizations (see Note 5). Excluding the securitization programs, the remaining balance of restricted other assets was not material as of July 30, 2023.

The Company is subject to various unresolved legal actions which arise in the normal course of its business, the most prevalent of which relate to retail credit matters. The Company believes the reasonably possible range of losses for these unresolved legal actions would not have a material effect on its consolidated financial statements.