Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 31, 2015

Equipment on Operating Leases

Schedule of Cost of Equipment on Operating Leases by Product Category

The cost of equipment on operating leases by product category at October 31 was as follows (in millions of dollars):

	2015		2014
Agriculture and turf	$	3,067.0	$	2,229.9
Construction and forestry		1,172.3		819.6
Total		4,239.3		3,049.5
Accumulated depreciation		(629.5)		(459.2)
Equipment on operating leases – net	$	3,609.8	$	2,590.3

Schedule of Rental Payments for Equipment on Operating Leases

Initial lease terms for equipment on operating leases generally range from 4 months to 60 months. Rental payments for equipment on operating leases at October 31 were scheduled as follows (in millions of dollars):

	2015		2014
Due in:
0-12 months	$	474.1	$	372.7
13-24 months		307.9		235.7
25-36 months		142.7		115.3
37-48 months		62.6		52.2
Over 48 months		10.9		10.3
Total	$	998.2	$	786.2