SECURITIZATION OF RECEIVABLES (Tables)

12 Months Ended

Oct. 27, 2024

SECURITIZATION OF RECEIVABLES

Components of Consolidated Restricted Assets, Secured Borrowings and Other Liabilities Related to Securitization Transactions

The components of the securitization programs at October 27, 2024 and October 29, 2023 were as follows:  

	2024		2023
Retail notes securitized	$	8,768.4	$	7,356.8
Allowance for credit losses		(47.0)		(21.4)
Other assets*		186.5		152.0
Total restricted securitized assets	$	8,907.9	$	7,487.4
Securitization borrowings	$	8,429.3	$	6,995.2
Accrued interest on borrowings		13.9		12.6
Total liabilities related to restricted securitized assets	$	8,443.2	$	7,007.8

* Primarily restricted cash of $164.8 and $125.1 at October 27, 2024 and October 29, 2023, respectively.