SECURITIZATION OF FINANCING RECEIVABLES (Tables)

12 Months Ended

Oct. 29, 2017

SECURITIZATION OF FINANCING RECEIVABLES

Unconsolidated Conduits, Carrying Amount of Liabilities Compared to Maximum Exposure to Loss

The company’s carrying amount of the liabilities to the unconsolidated conduits, compared to the maximum exposure to loss related to these conduits, which would only be incurred in the event of a complete loss on the restricted assets, was as follows at October 29 in millions of dollars:


	2017
Carrying value of liabilities	$	1,096
Maximum exposure to loss		1,155

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

The components of consolidated restricted assets related to secured borrowings in securitization transactions at October 29, 2017 and October 30, 2016 were as follows in millions of dollars:


	2017		2016
Financing receivables securitized (retail notes)	$	4,172	$	5,141
Allowance for credit losses		(13)		(14)
Other assets		105		115
Total restricted securitized assets	$	4,264	$	5,242

The components of consolidated secured borrowings and other liabilities related to securitizations at October 29, 2017 and October 30, 2016 were as follows in millions of dollars:


	2017		2016
Short-term securitization borrowings	$	4,119	$	4,998
Accrued interest on borrowings		2		2
Total liabilities related to restricted securitized assets	$	4,121	$	5,000