SECURITIZATION OF FINANCING RECEIVABLES (Tables)

9 Months Ended

Jul. 31, 2022

SECURITIZATION OF FINANCING RECEIVABLES

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

The components of consolidated restricted assets, secured borrowings, and other liabilities related to secured borrowings in securitization transactions were as follows in millions of dollars:

	July 31		October 31		August 1
	2022		2021		2021
Financing receivables securitized (retail notes)	$	5,156	$	4,673	$	5,421
Allowance for credit losses		(15)		(14)		(20)
Other assets (primarily restricted cash)		136		107		113
Total restricted securitized assets	$	5,277	$	4,766	$	5,514
Short-term securitization borrowings	$	4,920	$	4,605	$	5,277
Accrued interest on borrowings		4		2		2
Total liabilities related to restricted securitized assets	$	4,924	$	4,607	$	5,279