XML 30 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Guarantor and Non-Guarantor (Tables)
 3 Months Ended
Jan. 31, 2013
Condensed Consolidating Guarantor and Non-Guarnator [Abstract]  
Schedule of Condensed Income Statement [Table Text Block]
Condensed Consolidating Statement of Operations
 
 
 
 
 
 
 
 
 
For the Three Months Ended January 31, 2012
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Sales and revenues, net
$
—

 
$
1,962

 
$
2,781

 
$
(1,734
)
 
$
3,009

Costs of products sold
—

 
1,994

 
2,376

 
(1,720
)
 
2,650

All other operating expenses (income)
26

 
335

 
225

 
(27
)
 
559

Total costs and expenses
26

 
2,329

 
2,601

 
(1,747
)
 
3,209

Equity in income (loss) of affiliates
(200
)
 
96

 
(8
)
 
105

 
(7
)
Income (loss) before income taxes
(226
)
 
(271
)
 
172

 
118

 
(207
)
Income tax benefit (expense)
73

 
76

 
(39
)
 
(34
)
 
76

Earnings (loss) from continuing operations
(153
)
 
(195
)
 
133

 
84

 
(131
)
Loss from discontinued operations, net of tax
—

 
—

 
(9
)
 
—

 
(9
)
Net income (loss)
(153
)
 
(195
)
 
124

 
84

 
(140
)
Less: Net income attributable to non-controlling interests
—

 
—

 
13

 
—

 
13

Net income (loss) attributable to Navistar International Corporation
$
(153
)
 
$
(195
)
 
$
111

 
$
84

 
$
(153
)
Condensed Consolidating Statement of Operations
 
 
 
 
 
 
 
 
 
For the Three Months Ended January 31, 2013
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Sales and revenues, net
$
—

 
$
1,609

 
$
2,258

 
$
(1,230
)
 
$
2,637

Costs of products sold
—

 
1,595

 
1,909

 
(1,218
)
 
2,286

Restructuring charges
—

 
—

 
2

 
—

 
2

All other operating expenses (income)
21

 
231

 
192

 
(12
)
 
432

Total costs and expenses
21

 
1,826

 
2,103

 
(1,230
)
 
2,720

Equity in income (loss) of affiliates
(102
)
 
54

 
(2
)
 
49

 
(1
)
Income (loss) before income taxes
(123
)
 
(163
)
 
153

 
49

 
(84
)
Income tax expense
—

 
(11
)
 
(4
)
 
—

 
(15
)
Earnings (loss) from continuing operations
(123
)
 
(174
)
 
149

 
49

 
(99
)
Loss from discontinued operations, net of tax
—

 
—

 
(9
)
 
—

 
(9
)
Net income (loss)
(123
)
 
(174
)
 
140

 
49

 
(108
)
Less: Net income attributable to non-controlling interests
—

 
—

 
15

 
—

 
15

Net income (loss) attributable to Navistar International Corporation
$
(123
)
 
$
(174
)
 
$
125

 
$
49

 
$
(123
)
Schedule of Condensed Statement of Comprehensive Income [Table Text Block]
Condensed Consolidating Statement of Comprehensive Income (Loss)
 
 
 
 
 
 
For the Three Months Ended January 31, 2013
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Net income (loss) attributable to Navistar International Corporation
$
(123
)
 
$
(174
)
 
$
125

 
$
49

 
$
(123
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
17

 
—

 
17

 
(17
)
 
17

Defined benefit plans (net of no tax for all entities)
38

 
35

 
3

 
(38
)
 
38

Total other comprehensive income (loss)
55

 
35

 
20

 
(55
)
 
55

Total comprehensive income (loss) attributable to Navistar International Corporation
$
(68
)
 
$
(139
)
 
$
145

 
$
(6
)
 
$
(68
)
Condensed Consolidating Statement of Comprehensive Income (Loss)
 
 
 
 
 
 
For the Three Months Ended January 31, 2012
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Net income (loss) attributable to Navistar International Corporation
$
(153
)
 
$
(195
)
 
$
111

 
$
84

 
$
(153
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(13
)
 
—

 
(13
)
 
13

 
(13
)
Defined benefit plans (net of tax of $12, $11, $1, $(12), and $12, respectively)
23

 
20

 
3

 
(23
)
 
23

Total other comprehensive income (loss)
10

 
20

 
(10
)
 
(10
)
 
10

Total comprehensive income (loss) attributable to Navistar International Corporation
$
(143
)
 
$
(175
)
 
$
101

 
$
74

 
$
(143
)
Schedule of Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheet
 
 
 
 
 
 
 
 
 
As of October 31, 2012
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
702

 
55

 
330

 
—

 
1,087

Marketable securities
314

 
—

 
152

 
—

 
466

Restricted cash
24

 
8

 
129

 
—

 
161

Finance and other receivables, net
5

 
128

 
2,859

 
—

 
2,992

Inventories
—

 
691

 
885

 
(39
)
 
1,537

Investments in non-consolidated affiliates
(5,616
)
 
6,454

 
54

 
(830
)
 
62

Property and equipment, net
—

 
790

 
874

 
(4
)
 
1,660

Goodwill
—

 
—

 
280

 
—

 
280

Deferred taxes, net
9

 
11

 
243

 
—

 
263

Other
83

 
177

 
335

 
(1
)
 
594

Total assets
$
(4,479
)
 
$
8,314

 
$
6,141

 
$
(874
)
 
$
9,102

Liabilities and stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
Debt
$
1,617

 
$
1,162

 
$
1,997

 
$
(5
)
 
$
4,771

Postretirement benefits liabilities
—

 
3,144

 
367

 
—

 
3,511

Amounts due to (from) affiliates
(5,863
)
 
9,522

 
(3,743
)
 
84

 
—

Other liabilities
3,072

 
337

 
748

 
(77
)
 
4,080

Total liabilities
(1,174
)
 
14,165

 
(631
)
 
2

 
12,362

Redeemable equity securities
5

 
—

 
—

 
—

 
5

Stockholders’ equity (deficit) attributable to non-controlling interest
—

 
—

 
45

 
—

 
45

Stockholders’ equity (deficit) attributable to Navistar International Corporation
(3,310
)
 
(5,851
)
 
6,727

 
(876
)
 
(3,310
)
Total liabilities and stockholders’ equity (deficit)
$
(4,479
)
 
$
8,314

 
$
6,141

 
$
(874
)
 
$
9,102

Condensed Consolidating Balance Sheet
 
 
 
 
 
 
 
 
 
As of January 31, 2013
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
154

 
$
50

 
$
293

 
$
—

 
$
497

Marketable securities
556

 
—

 
215

 
—

 
771

Restricted cash
24

 
9

 
69

 
—

 
102

Finance and other receivables, net
8

 
180

 
2,665

 
(18
)
 
2,835

Inventories
—

 
688

 
864

 
(32
)
 
1,520

Investments in non-consolidated affiliates
(5,662
)
 
6,505

 
52

 
(836
)
 
59

Property and equipment, net
—

 
786

 
861

 
(4
)
 
1,643

Goodwill
—

 
66

 
216

 
—

 
282

Deferred taxes, net
9

 
11

 
244

 
—

 
264

Other
61

 
179

 
321

 
(3
)
 
558

Total assets
$
(4,850
)
 
$
8,474

 
$
5,800

 
$
(893
)
 
$
8,531

Liabilities and stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
Debt
$
1,624

 
$
1,111

 
$
1,734

 
$
(7
)
 
$
4,462

Postretirement benefits liabilities
—

 
3,110

 
359

 
—

 
3,469

Amounts due to (from) affiliates
(6,181
)
 
9,959

 
(3,848
)
 
70

 
—

Other liabilities
3,062

 
285

 
637

 
(75
)
 
3,909

Total liabilities
(1,495
)
 
14,465

 
(1,118
)
 
(12
)
 
11,840

Redeemable equity securities
4

 
—

 
—

 
—

 
4

Stockholders’ equity attributable to non-controlling interests
—

 
—

 
46

 
—

 
46

Stockholders’ equity (deficit) attributable to Navistar International Corporation
(3,359
)
 
(5,991
)
 
6,872

 
(881
)
 
(3,359
)
Total liabilities and stockholders’ equity (deficit)
$
(4,850
)
 
$
8,474

 
$
5,800

 
$
(893
)
 
$
8,531
Schedule of Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statement of Cash Flows
 
 
 
 
 
 
 
 
 
For the Three Months Ended January 31, 2012
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Net cash provided by (used in) operations
$
(269
)
 
$
(68
)
 
$
160

 
$
296

 
$
119

Cash flows from investment activities
 
 
 
 
 
 
 
 
 
Net change in restricted cash and cash equivalents
—

 
—

 
172

 
—

 
172

Net purchases in marketable securities
248

 
—

 
31

 
—

 
279

Capital expenditures and purchase of equipment leased to others
—

 
(74
)
 
(54
)
 
—

 
(128
)
Other investing activities
—

 
(104
)
 
82

 
—

 
(22
)
Net cash provided by (used in) investment activities
248

 
(178
)
 
231

 
—

 
301

Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Net borrowings (repayments) of debt
(77
)
 
285

 
(387
)
 
(205
)
 
(384
)
Other financing activities
23

 
—

 
(26
)
 
(91
)
 
(94
)
Net cash provided by (used in) financing activities
(54
)
 
285

 
(413
)
 
(296
)
 
(478
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
7

 
—

 
7

Increase (decrease) in cash and cash equivalents
(75
)
 
39

 
(15
)
 
—

 
(51
)
Cash and cash equivalents at beginning of the period
226

 
13

 
300

 
—

 
539

Cash and cash equivalents at end of the period
$
151

 
$
52

 
$
285

 
$
—

 
$
488

Condensed Consolidating Statement of Cash Flows
 
 
 
 
 
 
 
 
 
For the Three Months Ended January 31, 2013
 
 
 
 
Non-Guarantor
Subsidiaries
 
 
 
 
(in millions)
NIC
 
Navistar,
Inc.
 
 
Eliminations
and Other
 
Consolidated
Net cash provided by (used in) operations
$
(342
)
 
$
(531
)
 
$
297

 
$
642

 
$
66

Cash flows from investment activities
 
 
 
 
 
 
 
 
 
Net change in restricted cash and cash equivalents
—

 
(1
)
 
60

 
—

 
59

Net purchases of marketable securities
(242
)
 
—

 
(63
)
 
—

 
(305
)
Capital expenditures and purchase of equipment leased to others
—

 
(62
)
 
(42
)
 
—

 
(104
)
Other investing activities
—

 
—

 
3

 
—

 
3

Net cash used in investment activities
(242
)
 
(63
)
 
(42
)
 
—

 
(347
)
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Net borrowings (repayments) of debt
21

 
589

 
(273
)
 
(642
)
 
(305
)
Other financing activities
15

 
—

 
(13
)
 
—

 
2

Net cash provided by (used in) financing activities
36

 
589

 
(286
)
 
(642
)
 
(303
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(6
)
 
—

 
(6
)
Decrease in cash and cash equivalents
(548
)
 
(5
)
 
(37
)
 
—

 
(590
)
Cash and cash equivalents at beginning of the period
702

 
55

 
330

 
—

 
1,087

Cash and cash equivalents at end of the period
$
154

 
$
50

 
$
293

 
$
—

 
$
497