We monitor the credit quality of financing receivables based on delinquency status, defined as follows:

The credit quality and aging analysis of retail notes, financing leases, and revolving charge accounts (collectively, retail customer receivables) by year of origination was as follows:


	May 3, 2026
	2026		2025		2024		2023		2022		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	5,517	$	9,749	$	6,657	$	4,001	$	2,133	$	861	$	4,341	$	33,259
30-59 days past due		31		106		74		48		24		10		31		324
60-89 days past due		4		44		40		23		9		4		10		134
90+ days past due				2		2						2				6
Non-performing		5		101		124		92		51		34		58		465
Construction and forestry
Current		1,789		2,622		1,571		715		272		56		118		7,143
30-59 days past due		23		56		39		24		10		3		4		159
60-89 days past due		11		25		23		17		3		2		2		83
90+ days past due				1		2		1		3						7
Non-performing		6		70		94		60		27		18		2		277
Total retail customer receivables	$	7,386	$	12,776	$	8,626	$	4,981	$	2,532	$	990	$	4,566	$	41,857

Write-offs for the six months ended May 3, 2026:
Agriculture and turf	$	1	$	12	$	17	$	13	$	6	$	3	$	45	$	97
Construction and forestry				15		16		13		4		2		3		53
Total	$	1	$	27	$	33	$	26	$	10	$	5	$	48	$	150


	November 2, 2025
	2025		2024		2023		2022		2021		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	12,380	$	8,389	$	5,228	$	3,003	$	1,310	$	281	$	4,608	$	35,199
30-59 days past due		36		73		59		38		15		7		37		265
60-89 days past due		14		37		28		13		8		2		10		112
90+ days past due		1		2				1		2						6
Non-performing		41		109		98		57		30		17		14		366
Construction and forestry
Current		3,175		2,038		1,034		463		130		12		124		6,976
30-59 days past due		42		47		31		12		4		1		5		142
60-89 days past due		21		17		12		8		1		1		2		62
90+ days past due		1		6		3		2				1				13
Non-performing		31		94		78		38		19		7		1		268
Total retail customer receivables	$	15,742	$	10,812	$	6,571	$	3,635	$	1,519	$	329	$	4,801	$	43,409

Write-offs for the twelve months ended November 2, 2025:
Agriculture and turf	$	6	$	32	$	34	$	21	$	9	$	7	$	102	$	211
Construction and forestry		9		38		29		12		3		3		7		101
Total	$	15	$	70	$	63	$	33	$	12	$	10	$	109	$	312


	April 27, 2025
	2025		2024		2023		2022		2021		Prior Years		Revolving Charge Accounts		Total
Retail customer receivables:
Agriculture and turf
Current	$	5,772	$	10,981	$	6,652	$	4,014	$	1,981	$	654	$	3,893	$	33,947
30-59 days past due		26		121		77		45		22		9		30		330
60-89 days past due		11		53		32		18		8		4		13		139
90+ days past due				1		2		1		3						7
Non-performing		4		102		111		73		45		29		86		450
Construction and forestry
Current		1,561		2,583		1,425		732		266		46		109		6,722
30-59 days past due		24		70		47		21		9		3		5		179
60-89 days past due		8		27		17		8		3				2		65
90+ days past due				6		1		3								10
Non-performing		6		86		93		55		28		12		2		282
Total retail customer receivables	$	7,412	$	14,030	$	8,457	$	4,970	$	2,365	$	757	$	4,140	$	42,131

Write-offs for the six months ended April 27, 2025:
Agriculture and turf	$	1	$	16	$	21	$	12	$	4	$	5	$	49	$	108
Construction and forestry				18		17		7		2		1		4		49
Total	$	1	$	34	$	38	$	19	$	6	$	6	$	53	$	157


	May 3		November 2		April 27
	2026		2025		2025
Wholesale receivables:
Agriculture and turf
Current	$	6,141	$	6,731	$	7,372
30+ days past due						1
Non-performing		4				1
Construction and forestry
Current		1,281		1,524		1,547
30+ days past due
Non-performing
Total wholesale receivables	$	7,426	$	8,255	$	8,921

An analysis of the allowance for credit losses and investment in financing receivables follows:


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended May 3, 2026
Allowance:
Beginning of period balance	$	245	$	7	$	2	$	254
Provision		62		27				89
Write-offs		(55)		(38)				(93)
Recoveries		5		12				17
End of period balance	$	257	$	8	$	2	$	267

Six Months Ended May 3, 2026
Allowance:
Beginning of period balance	$	249	$	7	$	2	$	258
Provision		101		26				127
Write-offs		(102)		(48)				(150)
Recoveries		9		23				32
End of period balance	$	257	$	8	$	2	$	267

Financing receivables:
End of period balance	$	37,291	$	4,566	$	7,426	$	49,283


	Retail Notes		Revolving
	& Financing		Charge		Wholesale
	Leases		Accounts		Receivables		Total

Three Months Ended April 27, 2025
Allowance:
Beginning of period balance	$	240	$	6	$	2	$	248
Provision		55		39				94
Write-offs		(56)		(40)				(96)
Recoveries		3		8				11
Translation adjustments		1						1
End of period balance	$	243	$	13	$	2	$	258

Six Months Ended April 27, 2025
Allowance:
Beginning of period balance	$	219	$	8	$	2	$	229
Provision		122		41				163
Write-offs		(104)		(53)				(157)
Recoveries		6		17				23
End of period balance	$	243	$	13	$	2	$	258

Financing receivables:
End of period balance	$	37,991	$	4,140	$	8,921	$	51,052

The allowance for credit losses on retail notes and financing lease receivables increased slightly in the second quarter and first six months of 2026, primarily due to higher expected losses on construction retail accounts.

We occasionally grant contractual modifications to customers experiencing financial difficulties. Before offering a modification, we evaluate the ability of the customer to meet the modified payment terms. Finance charges continue to accrue during the deferral or extension period except for modifications related to bankruptcy proceedings. Our allowance for credit losses incorporates historical loss information, including the effects of loan modifications with customers. Therefore, additional adjustments to the allowance are generally not recorded upon modification of a loan.

The ending amortized cost of financing receivables modified with borrowers experiencing financial difficulty was as follows:

Modifications offered include payment deferrals, term extensions, or a combination thereof. The weighted-average effects for contract modifications were as follows in months:

We continue to monitor the performance of financing receivables that are modified with borrowers experiencing financial difficulty. The ending amortized cost and performance of financing receivables modified during the prior twelve months ended May 3, 2026, and April 27, 2025, were as follows:

Defaults and subsequent write-offs of loans modified in the prior twelve months were not significant during the three months and the six months ended May 3, 2026. In addition, at May 3, 2026, commitments to provide additional financing to these customers were not significant.