Condensed consolidating guarantor and non-guarantor financial information (Tables)

3 Months Ended

9 Months Ended

12 Months Ended

Jul. 31, 2012

Jul. 31, 2011

Jul. 31, 2012

Jul. 31, 2011

Oct. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Operations

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Operations for the Three Months Ended July 31, 2012
Sales and revenues, net	$	—		$	2,007		$	2,941		$	(1,629	)	$	3,319
Costs of products sold	—			1,951			2,554			(1,629		)	2,876
Restructuring charges	—			3			1			—			4
Impairment of property and equipment and intangible assets	—			—			—			—			—
All other operating expenses	18			329			206			(24		)	529
Total costs and expenses	18			2,283			2,761			(1,653		)	3,409
Equity in income (loss) of affiliates	(30		)	16			(11		)	15			(10		)
Income (loss) before income taxes	(48		)	(260		)	169			39			(100		)
Income tax benefit (expense)	132			229			(187		)	22			196
Net income (loss)	84			(31		)	(18		)	61			96
Less: Net income attributable to non-controlling interests	—			—			12			—			12
Net income (loss) attributable to Navistar International Corporation	$	84		$	(31	)	$	(30	)	$	61		$	84

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Operations for the Three Months Ended July 31, 2011
Sales and revenues, net	$	—		$	2,072		$	3,260		$	(1,795	)	$	3,537
Costs of products sold	—			1,940			2,774			(1,784		)	2,930
Restructuring charges	—			4			52			—			56
Impairment of property and equipment and intangible assets	—			—			64			—			64
All other operating expenses (income)	15			302			230			(28		)	519
Total costs and expenses	15			2,246			3,120			(1,812		)	3,569
Equity in income (loss) of affiliates	1,863			(52		)	(9		)	(1,824		)	(22		)
Income (loss) before income taxes	1,848			(226		)	131			(1,807		)	(54		)
Income tax benefit (expense)	(448		)	1,514			(162		)	559			1,463
Net income (loss)	1,400			1,288			(31		)	(1,248		)	1,409
Less: Net income attributable to non-controlling interest	—			—			9			—			9
Net income (loss) attributable to Navistar International Corporation	$	1,400		$	1,288		$	(40	)	$	(1,248	)	$	1,400

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Operations for the Nine Months Ended July 31, 2012
Sales and revenues, net	$	—		$	6,141		$	8,776		$	(5,248	)	$	9,669
Costs of products sold	—			6,151			7,577			(5,210		)	8,518
Restructuring charges	—			23			1			—			24
Impairment of intangible assets	—			—			38			—			38
All other operating expenses	57			1,020			682			(75		)	1,684
Total costs and expenses	57			7,194			8,298			(5,285		)	10,264
Equity in income (loss) of affiliates	(326		)	384			(25		)	(54		)	(21		)
Income (loss) before income taxes	(383		)	(669		)	453			(17		)	(616		)
Income tax benefit (expense)	142			243			—			25			410
Net income (loss)	(241		)	(426		)	453			8			(206		)
Less: Net income attributable to non-controlling interests	—			—			35			—			35
Net income (loss) attributable to Navistar International Corporation	$	(241	)	$	(426	)	$	418		$	8		$	(241	)

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Operations for the Nine Months Ended July 31, 2011
Sales and revenues, net	$	—		$	5,903		$	9,079		$	(5,347	)	$	9,635
Costs of products sold	—			5,493			7,620			(5,283		)	7,830
Restructuring charges	—			27			53			—			80
Impairment of property and equipment and intangible assets	—			—			64			—			64
All other operating expenses (income)	56			915			671			(81		)	1,561
Total costs and expenses	56			6,435			8,408			(5,364		)	9,535
Equity in income (loss) of affiliates	1,983			292			(29		)	(2,301		)	(55		)
Income (loss) before income taxes	1,927			(240		)	642			(2,284		)	45
Income tax benefit (expense)	(459		)	1,515			(214		)	616			1,458
Net income (loss)	1,468			1,275			428			(1,668		)	1,503
Less: Net income attributable to non-controlling interest	—			—			35			—			35
Net income (loss) attributable to Navistar International Corporation	$	1,468		$	1,275		$	393		$	(1,668	)	$	1,468

Schedule of Condensed Income Statement [Table Text Block]

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended July 31, 2011
Net income (loss) attributable to Navistar International Corporation	$	1,400		$	1,288		$	(40	)	$	(1,248	)	$	1,400
Other comprehensive income (loss):
Foreign currency translation adjustment	4			—			4			(4		)	4
Defined benefit plans (net of tax of $31, $31, $0 $(31), and $31 respectively)	(14		)	(19		)	29			(10		)	(14		)
Total other comprehensive income (loss)	(10		)	(19		)	33			(14		)	(10		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	1,390		$	1,269		$	(7	)	$	(1,262	)	$	1,390

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended July 31, 2012
Net income (loss) attributable to Navistar International Corporation	$	(241	)	$	(426	)	$	418		$	8		$	(241	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(139		)	—			(138		)	138			(139		)
Defined benefit plans (net of tax of $36, $33, $4, $(37), and $36 respectively)	63			57			6			(63		)	63
Total other comprehensive income (loss)	(76		)	57			(132		)	75			(76		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(317	)	$	(369	)	$	286		$	83		$	(317	)

(in millions)	NIC		Navistar, Inc.		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended July 31, 2011
Net income attributable to Navistar International Corporation	$	1,468	$	1,275	$	393	$	(1,668	)	$	1,468
Other comprehensive income:
Foreign currency translation adjustment	65		—		65		(65		)	65
Defined benefit plans (net of tax of $31, $31, $0, $(31), and $31 respectively)	65		51		14		(65		)	65
Total other comprehensive income	130		51		79		(130		)	130
Total comprehensive income attributable to Navistar International Corporation	$	1,598	$	1,326	$	472	$	(1,798	)	$	1,598

Condensed Consolidating Statements of Comprehensive Income [Table Text Block]

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended July 31, 2012
Net income (loss) attributable to Navistar International Corporation	$	84		$	(31	)	$	(30	)	$	61		$	84
Other comprehensive income (loss):
Foreign currency translation adjustment	(61		)	—			(60		)	60			(61		)
Defined benefit plans (net of tax of $13, $10, $3, $(13), and $13 respectively)	23			21			1			(22		)	23
Total other comprehensive income (loss)	(38		)	21			(59		)	38			(38		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	46		$	(10	)	$	(89	)	$	99		$	46

Schedule of Condensed Balance Sheet [Table Text Block]

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Balance Sheet as of July 31, 2012
Assets
Cash and cash equivalents	$	252		$	55		$	240		$	—		$	547
Marketable securities	46			—			113			—			159
Restricted cash and cash equivalents	20			6			253			—			279
Finance and other receivables, net	4			156			3,109			(2		)	3,267
Inventories	—			737			1,172			(32		)	1,877
Investments in non-consolidated affiliates	(2,527		)	6,303			38			(3,768		)	46
Property and equipment, net	—			756			892			(2		)	1,646
Goodwill	—			—			280			—			280
Deferred taxes, net	230			1,878			301			(3		)	2,406
Other	108			160			370			(2		)	636
Total assets	$	(1,867	)	$	10,051		$	6,768		$	(3,809	)	$	11,143
Liabilities and stockholders’ equity (deficit)
Debt	$	1,611		$	418		$	2,617		$	(234	)	$	4,412
Postretirement benefits liabilities	—			2,855			315			—			3,170
Amounts due to (from) affiliates	(5,851		)	9,940			(4,165		)	76			—
Other liabilities	2,775			(296		)	1,604			(164		)	3,919
Total liabilities	(1,465		)	12,917			371			(322		)	11,501
Redeemable equity securities	5			—			—			—			5
Stockholders’ equity attributable to non-controlling interests	—			—			44			—			44
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(407		)	(2,866		)	6,353			(3,487		)	(407		)
Total liabilities and stockholders’ equity (deficit)	$	(1,867	)	$	10,051		$	6,768		$	(3,809	)	$	11,143

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Balance Sheet as of October 31, 2011
Assets
Cash and cash equivalents	$	226		$	13		$	300		$	—		$	539
Marketable securities	429			1			288			—			718
Restricted cash and cash equivalents	20			9			298			—			327
Finance and other receivables, net	3			154			4,070			27			4,254
Inventories	—			650			1,113			(49		)	1,714
Investments in non-consolidated affiliates	(2,094		)	5,818			54			(3,718		)	60
Property and equipment, net	—			600			972			(2		)	1,570
Goodwill	—			—			319			—			319
Deferred taxes, net	31			1,912			114			—			2,057
Other	168			152			416			(3		)	733
Total assets	$	(1,217	)	$	9,309		$	7,944		$	(3,745	)	$	12,291
Liabilities and stockholders’ equity (deficit)
Debt	$	1,689		$	156		$	3,242		$	(231	)	$	4,856
Postretirement benefits liabilities	—			2,981			335			—			3,316
Amounts due to (from) affiliates	(5,574		)	9,055			(3,595		)	114			—
Other liabilities	2,690			(194		)	1,717			(122		)	4,091
Total liabilities	(1,195		)	11,998			1,699			(239		)	12,263
Redeemable equity securities	5			—			—			—			5
Stockholders’ equity (deficit) attributable to non-controlling interest	—			—			52			(2		)	50
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(27		)	(2,689		)	6,193			(3,504		)	(27		)
Total liabilities and stockholders’ equity (deficit)	$	(1,217	)	$	9,309		$	7,944		$	(3,745	)	$	12,291

Schedule of Condensed Cash Flow Statement [Table Text Block]

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Cash Flows for the Nine Months Ended July 31, 2012
Net cash provided by (used in) operations	$	(330	)	$	(362	)	$	458		$	580		$	346
Cash flows from investment activities
Net change in restricted cash and cash equivalents	—			3			45			—			48
Net sales of marketable securities	383			—			175			—			558
Capital expenditures and purchase of equipment leased to others	—			(173		)	(126		)	—			(299		)
Other investing activities	—			(117		)	86			—			(31		)
Net cash provided by (used in) investment activities	383			(287		)	180			—			276
Cash flows from financing activities
Net borrowings (repayments) of debt	(47		)	691			(643		)	(488		)	(487		)
Other financing activities	20			—			(48		)	(92		)	(120		)
Net cash provided by (used in) financing activities	(27		)	691			(691		)	(580		)	(607		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(7		)	—			(7		)
Increase (decrease) in cash and cash equivalents	26			42			(60		)	—			8
Cash and cash equivalents at beginning of the period	226			13			300			—			539
Cash and cash equivalents at end of the period	$	252		$	55		$	240		$	—		$	547

(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Condensed Consolidating Statement of Cash Flows for the Nine Months Ended July 31, 2011
Net cash provided by (used in) operations	$	(254	)	$	95		$	448		$	250		$	539
Cash flows from investment activities
Net change in restricted cash and cash equivalents	—			2			19			—			21
Net sales (purchases) in marketable securities	81			—			(115		)	—			(34		)
Capital expenditures and purchase of equipment leased to others	—			(168		)	(158		)	—			(326		)
Other investing activities	—			(27		)	(4		)	—			(31		)
Net cash provided by (used in) investment activities	81			(193		)	(258		)	—			(370		)
Cash flows from financing activities
Net borrowings (repayments) of debt	48			161			(258		)	(250		)	(299		)
Other financing activities	25			—			(43		)	—			(18		)
Net cash provided by (used in) financing activities	73			161			(301		)	(250		)	(317		)
Effect of exchange rate changes on cash and cash equivalents	—			—			7			—			7
Increase (decrease) in cash and cash equivalents	(100		)	63			(104		)	—			(141		)
Cash and cash equivalents at beginning of the period	239			22			324			—			585
Cash and cash equivalents at end of the period	$	139		$	85		$	220		$	—		$	444