Schedule of Financing Receivable Installments

Financing receivable installments, including unearned finance income, at October 30, 2022 and October 31, 2021 were scheduled as follows in millions of dollars:


	2022				2021
	Unrestricted/Securitized				Unrestricted/Securitized
Due in months:
0 – 12	$	17,032	$	2,226	$	15,205	$	1,904
13 – 24		7,975		1,667		7,412		1,323
25 – 36		5,987		1,209		5,629		885
37 – 48		4,297		709		3,991		478
49 – 60		2,559		227		2,397		150
Thereafter		809		9		772		13
Total	$	38,659	$	6,047	$	35,406	$	4,753

Financing Receivable Analysis Metrics

Financing receivable analysis metrics follow in millions of dollars:


	2022		2021
Percent of the overall financing receivable portfolio:
Past-due amounts		1.07		1.09
Non-performing		.83		.96
Allowance for credit losses		.76		.43
Deposits held as credit enhancements	$	158	$	154

Schedule of Other Receivables

Other receivables at October 30, 2022 and October 31, 2021 consisted of the following in millions of dollars:


	2022		2021
Taxes receivable	$	1,450	$	1,436
Collateral on derivatives		709		13
Receivables from unconsolidated affiliates				27
Other		333		289
Other receivables	$	2,492	$	1,765

Accounts, Notes, Loans and Financing Receivable

Credit Quality Analysis

The credit quality analysis of wholesale receivables by year of origination was as follows in millions of dollars:


	October 30, 2022
	2022		2021		2020		2019
Wholesale receivables:
Agriculture and turf
Current	$	387	$	64	$	27	$	4
30+ days past due
Non-performing								1
Construction and forestry
Current		7		29		2		1
30+ days past due
Non-performing
Total wholesale receivables	$	394	$	93	$	29	$	6

	October 30, 2022
	2018		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current			$	2	$	2,371	$	2,855
30+ days past due
Non-performing								1
Construction and forestry
Current				1		377		417
30+ days past due
Non-performing
Total wholesale receivables			$	3	$	2,748	$	3,273


	October 31, 2021
	2021		2020		2019		2018
Wholesale receivables:
Agriculture and turf
Current	$	346	$	80	$	22	$	9
30+ days past due
Non-performing						12
Construction and forestry
Current		41		7		7
30+ days past due
Non-performing
Total wholesale receivables	$	387	$	87	$	41	$	9

	October 31, 2021
	2017		Prior Years		Revolving		Total
Wholesale receivables:
Agriculture and turf
Current	$	3			$	1,696	$	2,156
30+ days past due
Non-performing								12
Construction and forestry
Current		1	$	1		340		397
30+ days past due				1				1
Non-performing
Total wholesale receivables	$	4	$	2	$	2,036	$	2,566

Accounts, Notes, Loans and Financing Receivable

Schedule of Allowance for Credit Losses on Trade Accounts and Notes Receivable

The allowance for credit losses on trade accounts and notes receivable at October 30, 2022, October 31, 2021, and November 1, 2020, as well as the related activity, in millions of dollars follow:


	2022		2021		2020
Beginning of year balance	$	41	$	39	$	72
ASU No. 2016-13				(2)
Provision		1		10
Write-offs		(5)		(7)		(23)
Recoveries						1
Translation adjustments		(1)		1		(11)
End of year balance	$	36	$	41	$	39

Accounts, Notes, Loans and Financing Receivable

Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment

Financing receivables at October 30, 2022 and October 31, 2021 related to the company’s sales of equipment that were included in the previous table consisted of the following in millions of dollars:


	2022		2021
Retail notes*:
Agriculture and turf	$	1,392	$	1,977
Construction and forestry		304		378
Total		1,696		2,355
Wholesale notes		3,285		2,577
Sales-type leases		799		1,269
Total		5,780		6,201
Less:
Unearned finance income:
Retail notes		133		159
Wholesale notes		12		11
Sales-type leases		67		98
Total		212		268
Financing receivables related to the company’s sales of equipment	$	5,568	$	5,933

* These retail notes arise from sales of equipment by company-owned dealers or through direct sales.

Included in the table above were $10 million of securitized construction and forestry retail notes at October 31, 2021.