Debt (Tables)

12 Months Ended

Oct. 31, 2012



(in millions)	2012		2011
Manufacturing operations
Senior Secured Term Loan Credit Facility, due 2014, net of unamortized discount of $9	$	991	$	—
8.25% Senior Notes, due 2021, net of unamortized discount of $28 and $33, respectively	872		967
3.0% Senior Subordinated Convertible Notes, due 2014, net of unamortized discount of $50 and $73, respectively	520		497
Debt of majority-owned dealerships	60		94
Financing arrangements and capital lease obligations	140		118
Loan Agreement related to 6.5% Tax Exempt Bonds, due 2040	225		225
Promissory Note	30		40
Other	67		39
Total manufacturing operations debt	2,905		1,980
Less: Current portion	172		99
Net long-term manufacturing operations debt	$	2,733	$	1,881
Financial Services operations:
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2019	$	994	$	1,664
Bank revolvers, at fixed and variable rates, due dates from 2013 through 2019	763		1,072
Commercial paper, at variable rates, due serially through 2013	31		70
Borrowings secured by operating and finance leases, at various rates, due serially through 2017	78		70
Total financial services operations debt	1,866		2,876
Less: Current portion	1,033		1,280
Net long-term financial services operations debt	$	833	$	1,596

The aggregate contractual annual maturities for debt as of October 31, 2012, are as follows:



	Manufacturing Operations		Financial Services Operations		Total
(in millions)
2013	$	176	$	1,033	$	1,209
2014	1,609		152		1,761
2015	26		277		303
2016	11		79		90
2017	10		253		263
Thereafter	1,160		72		1,232
Total debt, including unamortized discount	2,992		1,866		4,858
Less: Unamortized discount	87		—		87
Net debt	$	2,905	$	1,866	$	4,771