XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Oct. 27, 2024
Oct. 29, 2023
Oct. 30, 2022
Cash Flows from Operating Activities:      
Net Income $ 581.3 $ 571.8 $ 693.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 300.9 88.5 23.5
Provision for depreciation and amortization 705.9 686.0 692.1
Provision (credit) for deferred income taxes (159.2) 257.2 (35.3)
Change in accounts payable and accrued expenses 72.1 191.8 12.0
Change in accrued income taxes payable/receivable 103.3 (47.4) (31.9)
Other 27.0 (211.7) (147.8)
Net cash provided by operating activities 1,631.3 1,536.2 1,205.9
Cash Flows from Investing Activities:      
Cost of receivables acquired (excluding wholesale) (25,867.8) (25,776.6) (23,941.6)
Collections of receivables (excluding wholesale) 23,423.9 21,553.4 19,967.5
Increase in wholesale receivables - net (693.2) (4,836.1) (2,737.6)
Cost of equipment on operating leases acquired (2,427.5) (2,362.5) (2,067.1)
Proceeds from sales of equipment on operating leases 1,380.1 1,528.6 1,547.4
Cost of notes receivable acquired from John Deere (110.6) (397.5) (351.9)
Collections of notes receivable from John Deere 185.0 122.5 367.4
Other (7.9) (9.8) 9.1
Net cash used for investing activities (4,118.0) (10,178.0) (7,206.8)
Cash Flows from Financing Activities:      
Increase (decrease) in commercial paper and other notes payable - net (original maturities of three months or less) (3,370.8) 2,643.8 1,716.6
Increase in securitization borrowings - net 1,436.0 1,285.1 1,119.7
Increase (decrease) in short-term borrowings with John Deere - net (521.3) (2,017.0) 88.6
Proceeds from external borrowings issued (original maturities greater than three months) 16,309.0 13,020.4 9,255.3
Payments of external borrowings (original maturities greater than three months) (10,914.0) (6,046.2) (5,754.4)
Dividends paid (215.0) (165.0) (370.0)
Capital investments from John Deere 0.1 810.0  
Debt issuance costs (59.8) (50.9) (38.7)
Net cash provided by financing activities 2,664.2 9,480.2 6,017.1
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (3.4) 8.4 (22.9)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 174.1 846.8 (6.7)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 1,612.9 766.1 772.8
Cash, Cash Equivalents, and Restricted Cash at End of Year 1,787.0 1,612.9 766.1
Components of Cash, Cash Equivalents, and Restricted Cash:      
Cash and cash equivalents 1,621.9 1,487.5 661.8
Restricted cash $ 165.1 $ 125.4 $ 104.3
Balance sheet location of restricted cash Other assets Other assets Other assets
Total Cash, Cash Equivalents, and Restricted Cash $ 1,787.0 $ 1,612.9 $ 766.1