Finance Receivables (Tables)

12 Months Ended

Oct. 31, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Our finance receivables by major classification are as follows:



(in millions)	2012		2011
Retail portfolio	$	1,048	$	1,613
Wholesale portfolio	1,128		1,334
Total finance receivables	2,176		2,947
Less: Allowance for doubtful accounts	27		34
Total finance receivables, net	2,149		2,913
Less: Current portion, net^(A)	1,663		2,198
Noncurrent portion, net	$	486	$	715

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(A)	The current portion of finance receivables is computed based on contractual maturities. Actual cash collections typically vary from the contractual cash flows because of prepayments, extensions, delinquencies, credit losses, and renewals.

Schedule of Financing Receivables, Minimum Payments [Table Text Block]

As of October 31, 2012, contractual maturities of our finance receivables are as follows:



(in millions)	Retail Portfolio			Wholesale Portfolio		Total
Due in:
2013	$	587		$	1,128	$	1,715
2014	260			—		260
2015	153			—		153
2016	81			—		81
2017	30			—		30
Thereafter	7			—		7
Gross finance receivables	1,118			1,128		2,246
Unearned finance income	(70		)	—		(70		)
Total finance receivables	$	1,048		$	1,128	$	2,176

Components Of Available Wholesale Note Trust Funding Facilities [Table Text Block]

We received net proceeds of $4.6 billion, $4.5 billion, and $1.5 billion from securitizations of finance receivables accounted for as secured borrowings in 2012, 2011, and 2010, respectively.

Effective July 31, 2010, our Financial Services segment amended the wholesale trust agreement with the Navistar Financial Dealer Note Master Trust ("Master Trust"). The amendment disqualified the Master Trust as a QSPE and therefore required the Master Trust to be evaluated for consolidation as a VIE. As we are the primary beneficiary of the Master Trust, the Master Trust’s assets and liabilities are consolidated into the assets and liabilities of the Company.

Components of available wholesale note trust funding facilities were as follows:



(in millions)	Maturity	October 31, 2012		October 31, 2011
Variable funding notes	August 2013	$	750	$	500
Investor notes	October 2012	—		350
Investor notes	October 2013	224		—
Investor notes	January 2012	—		250
Total wholesale note funding		$	974	$	1,100

Finance Revenues Derived From Receivables [Table Text Block]

Finance revenues consist of the following:



(in millions)	2012		2011
Retail notes and finance leases revenue	$	98	$	137
Wholesale notes interest	87		93
Operating lease revenue	40		32
Retail and wholesale accounts interest	34		27
Securitization income	—		2
Gross finance revenues	259		291
Less: Intercompany revenues	91		91
Finance revenues	$	168	$	200