SECURITIZATION OF RECEIVABLES (Tables)

3 Months Ended

Jan. 26, 2025

SECURITIZATION OF RECEIVABLES

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

The components of the securitization programs were as follows:

	January 26		October 27		January 28
	2025		2024		2024
Retail notes securitized	$	8,304.8	$	8,768.4	$	6,417.7
Allowance for credit losses		(49.6)		(47.0)		(17.8)
Other assets*		182.4		186.5		139.9
Total restricted securitized assets	$	8,437.6	$	8,907.9	$	6,539.8
Securitization borrowings	$	8,012.6	$	8,429.3	$	6,116.1
Accrued interest on borrowings		11.5		13.9		10.0
Total liabilities related to restricted securitized assets	$	8,024.1	$	8,443.2	$	6,126.1

^* Primarily restricted cash of $163.0, $164.8, and $122.4 at January 26, 2025, October 27, 2024, and January 28, 2024, respectively.