Financing Receivables and Operating Leases (Tables)

12 Months Ended

Oct. 31, 2015

Financing Receivables and Operating Leases

Components of financing receivables

	As of October 31
	2015			2014
	In millions
Minimum lease payments receivable	$	7,000		$	6,982
Unguaranteed residual value		217			235
Unearned income		(528	)		(547	)
Financing receivables, gross		6,689			6,670
Allowance for doubtful accounts		(95	)		(111	)
Financing receivables, net		6,594			6,559
Less: current portion(1)		(2,918	)		(2,946	)
Amounts due after one year, net(1)	$	3,676		$	3,613

(1) HP includes the current portion in Financing receivables and amounts due after one year, net in Long-term financing receivables and other assets in the accompanying Consolidated Balance Sheets.

Scheduled maturities of minimum lease payments receivable

Fiscal year	In millions
2016	$	3,176
2017		1,922
2018		1,144
2019		526
2020		194
Thereafter		38
Total	$	7,000

Credit risk profile of gross financing receivables

	As of October 31
	2015		2014
	In millions
Risk Rating:
Low	$	3,458	$	3,536
Moderate		3,158		3,022
High		73		112
Total	$	6,689	$	6,670

Schedule of allowance for doubtful accounts for financing receivables

	As of October 31
	2015			2014			2013
	In millions
Balance at beginning of year	$	111		$	131		$	149
Provision for doubtful accounts		25			30			38
Deductions, net of recoveries		(41	)		(50	)		(56	)
Balance at end of year	$	95		$	111		$	131

Gross financing receivables and related allowance collectively and individually evaluated for loss

	As of October 31
	2015		2014
	In millions
Gross financing receivables collectively evaluated for loss	$	6,433	$	6,378
Gross financing receivables individually evaluated for loss		256		292
Total	$	6,689	$	6,670
Allowance for financing receivables collectively evaluated for loss	$	82	$	92
Allowance for financing receivables individually evaluated for loss		13		19
Total	$	95	$	111

Summary of the aging and non-accrual status of gross financing receivables

	As of October 31
	2015		2014
	In millions
Billed(1):
Current 1-30 days	$	358	$	243
Past due 31-60 days		52		46
Past due 61-90 days		14		12
Past due >90 days		57		49
Unbilled sales-type and direct-financing lease receivables		6,208		6,320
Total gross financing receivables	$	6,689	$	6,670
Gross financing receivables on non-accrual status(2)	$	154	$	130
Gross financing receivables 90 days past due and still accruing interest(2)	$	102	$	162

(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.

Schedule of operating lease assets included in machinery and equipment

	As of October 31
	2015			2014
	In millions
Equipment leased to customers	$	4,077		$	3,977
Accumulated depreciation		(1,367	)		(1,382	)
	$	2,710		$	2,595

Minimum future rentals on non-cancelable operating leases

        As of October 31, 2015, minimum future rentals on non-cancelable operating leases related to leased equipment were as follows:

Fiscal year	In millions
2016	$	1,439
2017		973
2018		508
2019		200
2020		70
Thereafter		17
Total	$	3,207