FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Nov. 02, 2025

FAIR VALUE MEASUREMENTS

Fair Values of Financial Instruments

The fair values of financial instruments that do not approximate the carrying values at November 2, 2025, and October 27, 2024, follow:

	2025				2024
	Carrying		​ ​ ​ ​Fair		Carrying		​ ​ ​ ​Fair
	Value		Value*		Value		Value*
Financing receivables – net	$	44,575	$	44,779	$	44,309	$	44,336
Financing receivables securitized – net		6,831		6,855		8,723		8,654
Receivables from unconsolidated affiliates		392		400
Short-term securitization borrowings		6,596		6,631		8,431		8,453
Long-term borrowings due within one year**		8,888		8,911		9,115		9,079
Long-term borrowings**		43,471		43,527		43,157		42,804

*    Fair value measurements were Level 3 for receivables and Level 2 for all borrowings.

**  Values exclude finance lease liabilities that are presented as borrowings (see Note 24).

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at November 2, 2025, and October 27, 2024, at fair value on a recurring basis follow, excluding items which were carried at a cost that approximates fair value, consisting of our cash equivalents, money market funds and time deposits, and held-to-maturity debt securities (see Note 10):

	2025		2024
Level 1:
Marketable securities
U.S. government debt securities	$	196	$	239
Total Level 1 marketable securities		196		239
Level 2:
Marketable securities
International fixed income fund		7
Corporate debt securities		510		423
International debt securities		174		143
Mortgage-backed securities*		234		165
Municipal debt securities		113		74
U.S. government debt securities		117		110
Total Level 2 marketable securities		1,155		915
Other assets – Derivatives		393		357
Accounts payable and accrued expenses – Derivatives		389		582
Level 3:
Accounts payable and accrued expenses – Deferred consideration		113		147

*    Primarily issued by U.S. government sponsored enterprises.

Fair Value, Nonrecurring Level 3 Measurements from Impairments and other adjustments

Fair value, nonrecurring Level 3 measurements from impairments and other adjustments at November 2, 2025, and October 27, 2024, follow:

	Fair Value				Losses (Gains)
	2025		2024		2025		2024		2023
Property and equipment – net	$	1			$	8
Other intangible assets – net		3				53
Other assets		8	$	23		12	$	28
Assets held for sale				2,944		(32)		97