Condensed Consolidating Guarantor and Non-Guarantor (Tables)

6 Months Ended

Apr. 30, 2013

Condensed Consolidating Gurantor and Non-Gurantor Financial Information [Abstract]

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Statement of Operations
For the Three Months Ended April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	1,493		$	2,293		$	(1,260	)	$	2,526
Costs of products sold	—			1,622			1,987			(1,246		)	2,363
Restructuring charges	—			4			2			—			6
All other operating expenses (income)	(48		)	349			125			57			483
Total costs and expenses	(48		)	1,975			2,114			(1,189		)	2,852
Equity in income (loss) of affiliates	(422		)	50			1			375			4
Income (loss) before income taxes	(374		)	(432		)	180			304			(322		)
Income tax expense	—			(1		)	(21		)	—			(22		)
Earnings (loss) from continuing operations	(374		)	(433		)	159			304			(344		)
Loss from discontinued operations, net of tax	—			—			(21		)	—			(21		)
Net income (loss)	(374		)	(433		)	138			304			(365		)
Less: Net income attributable to non-controlling interests	—			—			9			—			9
Net income (loss) attributable to Navistar International Corporation	$	(374	)	$	(433	)	$	129		$	304		$	(374	)

Condensed Consolidating Statement of Operations
For the Six Months Ended April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	3,102		$	4,551		$	(2,490	)	$	5,163
Costs of products sold	—			3,217			3,896			(2,464		)	4,649
Restructuring charges	—			4			4			—			8
All other operating expenses (income)	(27		)	580			317			45			915
Total costs and expenses	(27		)	3,801			4,217			(2,419		)	5,572
Equity in income (loss) of affiliates	(524		)	104			(1		)	424			3
Income (loss) before income taxes	(497		)	(595		)	333			353			(406		)
Income tax expense	—			(12		)	(25		)	—			(37		)
Earnings (loss) from continuing operations	(497		)	(607		)	308			353			(443		)
Loss from discontinued operations, net of tax	—			—			(30		)	—			(30		)
Net income (loss)	(497		)	(607		)	278			353			(473		)
Less: Net income attributable to non-controlling interests	—			—			24			—			24
Net income (loss) attributable to Navistar International Corporation	$	(497	)	$	(607	)	$	254		$	353		$	(497	)

Condensed Consolidating Statement of Operations
For the Six Months Ended April 30, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	4,134		$	5,755		$	(3,619	)	$	6,270
Costs of products sold	—			4,200			4,931			(3,581		)	5,550
Restructuring charges	—			19			—			—			19
Impairment of property and equipment and intangible assets	—			—			10			—			10
All other operating expenses (income)	39			691			459			(51		)	1,138
Total costs and expenses	39			4,910			5,400			(3,632		)	6,717
Equity in income (loss) of affiliates	(296		)	366			(13		)	(68		)	(11		)
Income (loss) before income taxes	(335		)	(410		)	342			(55		)	(458		)
Income tax benefit	10			14			172			3			199
Earnings (loss) from continuing operations	(325		)	(396		)	514			(52		)	(259		)
Loss from discontinued operations, net of tax	—			—			(43		)	—			(43		)
Net income (loss)	(325		)	(396		)	471			(52		)	(302		)
Less: Net income attributable to non-controlling interests	—			—			23			—			23
Net income (loss) attributable to Navistar International Corporation	$	(325	)	$	(396	)	$	448		$	(52	)	$	(325	)

Condensed Consolidating Statement of Operations
For the Three Months Ended April 30, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	2,172		$	2,974		$	(1,885	)	$	3,261
Costs of products sold	—			2,205			2,555			(1,860		)	2,900
Restructuring charges	—			19			—			—			19
Impairment of intangible assets	—			—			10			—			10
All other operating expenses (income)	14			357			233			(25		)	579
Total costs and expenses	14			2,581			2,798			(1,885		)	3,508
Equity in income (loss) of affiliates	(96		)	271			(6		)	(173		)	(4		)
Income (loss) before income taxes	(110		)	(138		)	170			(173		)	(251		)
Income tax benefit (expense)	(62		)	(63		)	211			37			123
Earnings (loss) from continuing operations	(172		)	(201		)	381			(136		)	(128		)
Loss from discontinued operations, net of tax	—			—			(34		)	—			(34		)
Net income (loss)	(172		)	(201		)	347			(136		)	(162		)
Less: Net income attributable to non-controlling interests	—			—			10			—			10
Net income (loss) attributable to Navistar International Corporation	$	(172	)	$	(201	)	$	337		$	(136	)	$	(172	)

Schedule of Condensed Statement of Comprehensive Income [Table Text Block]

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Six Months Ended April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.					Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(497	)	$	(607	)	$	254	$	353		$	(497	)
Other comprehensive income (loss):
Foreign currency translation adjustment	20			—			20		(20		)	20
Defined benefit plans (net of tax of $1, $-, $1, $(1), and $1 respectively)	78			70			8		(78		)	78
Total other comprehensive income (loss)	98			70			28		(98		)	98
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(399	)	$	(537	)	$	282	$	255		$	(399	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Six Months Ended April 30, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(325	)	$	(396	)	$	448		$	(52	)	$	(325	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(78		)	—			(78		)	78			(78		)
Defined benefit plans (net of tax of $(24), $(23), $(1), $24, and $(24) respectively)	40			36			5			(41		)	40
Total other comprehensive income (loss)	(38		)	36			(73		)	37			(38		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(363	)	$	(360	)	$	375		$	(15	)	$	(363	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.					Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(374	)	$	(433	)	$	129	$	304		$	(374	)
Other comprehensive income (loss):
Foreign currency translation adjustment	3			—			2		(2		)	3
Defined benefit plans (net of tax of $1, $-, $1, $(1), and $1 respectively)	40			35			5		(40		)	40
Total other comprehensive income (loss)	43			35			7		(42		)	43
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(331	)	$	(398	)	$	136	$	262		$	(331	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended April 30, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(172	)	$	(201	)	$	337		$	(136	)	$	(172	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(65		)	—			(65		)	65			(65		)
Defined benefit plans (net of tax of $(12), $(12), $-, $12, and $(12) respectively)	17			16			2			(18		)	17
Total other comprehensive income (loss)	(48		)	16			(63		)	47			(48		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(220	)	$	(185	)	$	274		$	(89	)	$	(220	)

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 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 April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	218		$	36		$	251		$	—		$	505
Marketable securities	501			—			232			—			733
Restricted cash	25			7			85			—			117
Finance and other receivables, net	8			165			2,806			(12		)	2,967
Inventories	—			725			784			(33		)	1,476
Investments in non-consolidated affiliates	(5,971		)	6,556			43			(576		)	52
Property and equipment, net	—			930			849			(3		)	1,776
Goodwill	—			66			209			—			275
Deferred taxes, net	9			10			237			—			256
Other	51			180			337			(2		)	566
Total assets	$	(5,159	)	$	8,675		$	5,833		$	(626	)	$	8,723
Liabilities and stockholders’ equity (deficit)
Debt	$	1,934		$	1,012		$	1,843		$	(8	)	$	4,781
Postretirement benefits liabilities	—			3,073			351			—			3,424
Amounts due to (from) affiliates	(6,511		)	10,396			(3,958		)	73			—
Other liabilities	3,090			516			624			(74		)	4,156
Total liabilities	(1,487		)	14,997			(1,140		)	(9		)	12,361
Redeemable equity securities	4			—			—			—			4
Stockholders’ equity attributable to non-controlling interests	—			—			35			—			35
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(3,676		)	(6,322		)	6,938			(617		)	(3,677		)
Total liabilities and stockholders’ equity (deficit)	$	(5,159	)	$	8,675		$	5,833		$	(626	)	$	8,723

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended April 30, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(648	)	$	(288	)	$	222		$	671		$	(43	)
Cash flows from investment activities
Net change in restricted cash and cash equivalents	(1		)	—			45			—			44
Net purchases of marketable securities	(186		)	—			(81		)	—			(267		)
Capital expenditures and purchase of equipment leased to others	—			(304		)	(98		)	—			(402		)
Other investing activities	—			9			40			—			49
Net cash used in investment activities	(187		)	(295		)	(94		)	—			(576		)
Cash flows from financing activities
Net borrowings (repayments) of debt	327			301			(179		)	(671		)	(222		)
Other financing activities	24			263			(23		)	—			264
Net cash provided by (used in) financing activities	351			564			(202		)	(671		)	42
Effect of exchange rate changes on cash and cash equivalents	—			—			(5		)	—			(5		)
Decrease in cash and cash equivalents	(484		)	(19		)	(79		)	—			(582		)
Cash and cash equivalents at beginning of the period	702			55			330			—			1,087
Cash and cash equivalents at end of the period	$	218		$	36		$	251		$	—		$	505

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended April 30, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(463	)	$	(267	)	$	248		$	531		$	49
Cash flows from investment activities
Net change in restricted cash and cash equivalents	6			2			174			—			182
Net purchases in marketable securities	374			—			7			—			381
Capital expenditures and purchase of equipment leased to others	—			(115		)	(89		)	—			(204		)
Other investing activities	—			(104		)	70			—			(34		)
Net cash provided by (used in) investment activities	380			(217		)	162			—			325
Cash flows from financing activities
Net borrowings (repayments) of debt	(50		)	519			(429		)	(440		)	(400		)
Other financing activities	19			—			(38		)	(91		)	(110		)
Net cash provided by (used in) financing activities	(31		)	519			(467		)	(531		)	(510		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(3		)	—			(3		)
Increase (decrease) in cash and cash equivalents	(114		)	35			(60		)	—			(139		)
Cash and cash equivalents at beginning of the period	226			13			300			—			539
Cash and cash equivalents at end of the period	$	112		$	48		$	240		$	—		$	400