SPECIAL ITEMS (Tables)

12 Months Ended

Oct. 29, 2023

SPECIAL ITEMS

Schedule of Special Items

Impact of Events in Russia / Ukraine

A summary of the reserves, impairments, and voluntary-separation costs recorded in 2022 follows. See Note 25 for fair value measurement information.


		PPA			SAT			CF			FS			Total
Inventory reserve – Cost of sales		$	14		$	2		$	3					$	19
Fixed asset impairment – Cost of sales			30						11						41
Intangible asset impairment – Cost of sales									28						28
Allowance for credit losses – Financing receivables – SA&G expenses											$	153			153
Voluntary-separation program: – Cost of sales			3												3
– SA&G expenses			4						6			1			11
Intercompany agreement			82			9			62			(153)
Total Russia/Ukraine events pretax expense		$	133		$	11		$	110		$	1			255

Net tax impact															(40)
Total Russia/Ukraine events after-tax expense														$	215

Summary of 2023 and 2022 Special Items

The following table summarizes the operating profit impact of the special items recorded in 2023 and 2022:


		PPA			SAT			CF			FS			Total
2023 Expense
Russian roadbuilding sale - Other operating expense								$	18					$	18
Financing incentive – SA&G expense											$	173			173
Total expense									18			173			191

2022 Expense (benefit)
Gain on remeasurement of equity investment – Other income (Note 3)									(326)						(326)
Total Russia/Ukraine events pretax expense		$	133		$	11			110			1			255
UAW ratification bonus – Cost of sales			53			9			28						90
Total expense (benefit)			186			20			(188)			1			19

Year over year change		$	(186)		$	(20)		$	206		$	172		$	172