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Accounting for Leases as a Lessor (Tables)
 6 Months Ended
Apr. 30, 2020
Leases [Abstract]  
Components of Financing Receivables The components of financing receivables were as follows:
 As of
 April 30, 2020October 31, 2019
 In millions
Minimum lease payments receivable$9,051  $9,070  
Unguaranteed residual value342  336  
Unearned income(715) (754) 
Financing receivables, gross8,678  8,652  
Allowance for doubtful accounts(126) (131) 
Financing receivables, net8,552  8,521  
Less: current portion(1)
(3,630) (3,572) 
Amounts due after one year, net(1)
$4,922  $4,949  

(1)The Company includes the current portion in Financing receivables, net of allowance for doubtful accounts, and amounts due after one year, net in Long-term financing receivables and other assets, in the accompanying Condensed Consolidated Balance Sheets.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Scheduled maturities of the Company's minimum lease payments receivable were as follows:
As of
April 30, 2020
Fiscal yearIn millions
Remainder of fiscal 2020 $2,357  
20212,955  
20222,013  
20231,092  
2024489  
Thereafter145  
Total undiscounted cash flows$9,051  
   Present value of lease payments (recognized as finance receivables)$8,286  
   Difference between undiscounted cash flows and discounted cash flows$765  
Minimum Lease Payments Receivable
Prior to the adoption of the new lease standard, scheduled maturities of the Company's minimum lease payments receivable were as follows:
As of
October 31, 2019
Fiscal yearIn millions
2020$3,939  
20212,449  
20221,555  
2023752  
2024306  
Thereafter69  
Total$9,070  
Credit Risk Profile of Gross Financing Receivables
The credit risk profile of gross financing receivables, based on internal risk ratings, was as follows:
 As of
 April 30, 2020October 31, 2019
 In millions
Risk Rating:  
Low$4,458  $4,432  
Moderate3,960  3,933  
High260  287  
Total$8,678  $8,652  
Allowance for Doubtful Accounts for Financing Receivables
The allowance for doubtful accounts for financing receivables as of April 30, 2020 and October 31, 2019 and the respective changes during the six and twelve months then ended were as follows:
 As of
 April 30, 2020October 31, 2019
 In millions
Balance at beginning of period$131  $120  
Provision for doubtful accounts12  33  
Write-offs(17) (22) 
Balance at end of period$126  $131  
Gross Financing Receivables and Related Allowance Evaluated for Loss
The gross financing receivables and related allowance evaluated for loss were as follows:
 As of
 April 30, 2020October 31, 2019
 In millions
Gross financing receivables collectively evaluated for loss$8,239  $8,255  
Gross financing receivables individually evaluated for loss(1)
439  397  
Total$8,678  $8,652  
Allowance for financing receivables collectively evaluated for loss$85  $84  
Allowance for financing receivables individually evaluated for loss41  47  
Total$126  $131  

(1)Includes billed operating lease receivables and billed and unbilled sales-type and direct-financing lease receivables.
Summary of the Aging and Non-accrual Status of Gross Financing Receivables
The following table summarizes the aging and non-accrual status of gross financing receivables:
 As of
 April 30, 2020October 31, 2019
 In millions
Billed:(1)
  
Current 1-30 days$404  $301  
Past due 31-60 days60  62  
Past due 61-90 days40  15  
Past due > 90 days104  88  
Unbilled sales-type and direct-financing lease receivables8,070  8,186  
Total gross financing receivables$8,678  $8,652  
Gross financing receivables on non-accrual status(2)
$303  $276  
Gross financing receivables 90 days past due and still accruing interest(2)
$136  $121  

(1)Includes billed operating lease receivables and billed sales-type and direct-financing lease receivables.
(2)Includes billed operating lease receivables and billed and unbilled sales-type and direct-financing lease receivables.
Operating Lease Assets Included in Machinery and Equipment
Operating lease assets included in Property, plant and equipment in the Condensed Consolidated Balance Sheets were as follows:
 As of
 April 30, 2020October 31, 2019
 In millions
Equipment leased to customers$7,018  $7,185  
Accumulated depreciation(3,131) (3,101) 
Total$3,887  $4,084  
Lessor Operating Lease Payments Maturity
Minimum future rentals on non-cancelable operating leases related to leased equipment were as follows:
As of
April 30, 2020
Fiscal yearIn millions
Remainder of fiscal 2020 $972  
20211,424  
2022702  
2023188  
202434  
Thereafter2  
Total$3,322  
Lessor Lease Activity
The following table presents amounts included in the Condensed Consolidated Statement of Earnings related to lessor activity:
Three Months Ended April 30, 2020Six Months Ended April 30, 2020
In millions
Sales-type leases and direct financing leases:
Interest income $115  $228  
Lease income - operating leases608  1,233  
Total lease income$723  $1,461  
Schedule of Variable Interest Entities The assets in the table below include those that can be used to settle the obligations of the VIE. Additionally, general creditors do not have recourse to the assets of the VIE.
As of
 April 30, 2020October 31, 2019
Assets held by VIEIn millions
Other current assets$50  $76  
Financing receivables
Short-term$359  $194  
Long-term$407  $229  
Property, plant and equipment$507  $303  
Liabilities held by VIE
Notes payable and short-term borrowings, net of unamortized debt issuance costs$610  $385  
Long-term debt, net of unamortized debt issuance costs$627  $370