Condensed Consolidating Guarantor and Non-Guarantor (Tables)

9 Months Ended

Jul. 31, 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 Nine Months Ended July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	4,792		$	6,851		$	(3,619	)	$	8,024
Costs of products sold	—			4,886			5,892			(3,582		)	7,196
Restructuring charges	—			5			9			—			14
Asset impairment charges	—			14			3			—			17
All other operating expenses (income)	1			875			520			24			1,420
Total costs and expenses	1			5,780			6,424			(3,558		)	8,647
Equity in income (loss) of affiliates	(743		)	117			2			630			6
Income (loss) before income taxes	(744		)	(871		)	429			569			(617		)
Income tax expense	—			(14		)	(39		)	—			(53		)
Earnings (loss) from continuing operations	(744		)	(885		)	390			569			(670		)
Loss from discontinued operations, net of tax	—			—			(40		)	—			(40		)
Net income (loss)	(744		)	(885		)	350			569			(710		)
Less: Net income attributable to non-controlling interests	—			—			34			—			34
Net income (loss) attributable to Navistar International Corporation	$	(744	)	$	(885	)	$	316		$	569		$	(744	)

Condensed Consolidating Statement of Operations
For the Nine Months Ended July 31, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	6,141		$	8,623		$	(5,248	)	$	9,516
Costs of products sold	—			6,151			7,409			(5,210		)	8,350
Restructuring charges	—			22			1			—			23
Asset impairment charges	—			—			10			—			10
All other operating expenses (income)	57			1,020			664			(75		)	1,666
Total costs and expenses	57			7,193			8,084			(5,285		)	10,049
Equity in income (loss) of affiliates	(326		)	382			(24		)	(53		)	(21		)
Income (loss) before income taxes	(383		)	(670		)	515			(16		)	(554		)
Income tax benefit (expense)	142			243			(23		)	25			387
Earnings (loss) from continuing operations	(241		)	(427		)	492			9			(167		)
Loss from discontinued operations, net of tax	—			—			(39		)	—			(39		)
Net income (loss)	(241		)	(427		)	453			9			(206		)
Less: Net income attributable to non-controlling interests	—			—			35			—			35
Net income (loss) attributable to Navistar International Corporation	$	(241	)	$	(427	)	$	418		$	9		$	(241	)

Condensed Consolidating Statement of Operations
For the Three Months Ended July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	1,690		$	2,300		$	(1,129	)	$	2,861
Costs of products sold	—			1,669			1,996			(1,118		)	2,547
Restructuring charges	—			1			5			—			6
Asset impairment charges	—			14			3			—			17
All other operating expenses (income)	28			295			203			(21		)	505
Total costs and expenses	28			1,979			2,207			(1,139		)	3,075
Equity in income (loss) of affiliates	(219		)	13			3			206			3
Income (loss) before income taxes	(247		)	(276		)	96			216			(211		)
Income tax expense	—			(2		)	(14		)	—			(16		)
Earnings (loss) from continuing operations	(247		)	(278		)	82			216			(227		)
Loss from discontinued operations, net of tax	—			—			(10		)	—			(10		)
Net income (loss)	(247		)	(278		)	72			216			(237		)
Less: Net income attributable to non-controlling interests	—			—			10			—			10
Net income (loss) attributable to Navistar International Corporation	$	(247	)	$	(278	)	$	62		$	216		$	(247	)

Condensed Consolidating Statement of Operations
For the Three Months Ended July 31, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	2,007		$	2,868		$	(1,629	)	$	3,246
Costs of products sold	—			1,951			2,478			(1,629		)	2,800
Restructuring charges	—			3			1			—			4
Asset impairment charges	—			—			—			—			—
All other operating expenses (income)	18			329			205			(24		)	528
Total costs and expenses	18			2,283			2,684			(1,653		)	3,332
Equity in income (loss) of affiliates	(30		)	16			(11		)	15			(10		)
Income (loss) before income taxes	(48		)	(260		)	173			39			(96		)
Income tax benefit (expense)	132			229			(195		)	22			188
Earnings (loss) from continuing operations	84			(31		)	(22		)	61			92
Income from discontinued operations, net of tax	—			—			4			—			4
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

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

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Nine Months Ended July 31, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(241	)	$	(427	)	$	418		$	9		$	(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	)	$	(370	)	$	286		$	84		$	(317	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(247	)	$	(278	)	$	62		$	216		$	(247	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(91		)	—			(91		)	91			(91		)
Defined benefit plans (net of tax of $1, $0, $1, $-1, and $1 respectively)	39			35			4			(39		)	39
Total other comprehensive income (loss)	(52		)	35			(87		)	52			(52		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(299	)	$	(243	)	$	(25	)	$	268		$	(299	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Nine Months Ended July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(744	)	$	(885	)	$	316		$	569		$	(744	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(71		)	—			(71		)	71			(71		)
Defined benefit plans (net of tax of $2, $0, $2, $-2, and $2 respectively)	117			105			12			(117		)	117
Total other comprehensive income (loss)	46			105			(59		)	(46		)	46
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(698	)	$	(780	)	$	257		$	523		$	(698	)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended July 31, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
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]

Condensed Consolidating Balance Sheet
As of July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	149		$	46		$	230		$	—		$	425
Marketable securities	461			—			247			—			708
Restricted cash	24			6			140			—			170
Finance and other receivables, net	9			160			2,620			(11		)	2,778
Inventories	—			673			689			(26		)	1,336
Investments in non-consolidated affiliates	(6,242		)	6,569			70			(317		)	80
Property and equipment, net	—			913			804			(3		)	1,714
Goodwill	—			66			189			—			255
Deferred taxes, net	9			6			233			1			249
Other	37			168			322			(1		)	526
Total assets	$	(5,553	)	$	8,607		$	5,544		$	(357	)	$	8,241
Liabilities and stockholders’ equity (deficit)
Debt	$	1,941		$	1,004		$	1,780		$	(1	)	$	4,724
Postretirement benefits liabilities	—			3,034			343			—			3,377
Amounts due to (from) affiliates	(6,619		)	10,623			(4,076		)	72			—
Other liabilities	3,093			507			549			(76		)	4,073
Total liabilities	(1,585		)	15,168			(1,404		)	(5		)	12,174
Redeemable equity securities	4			—			—			—			4
Stockholders’ equity attributable to non-controlling interests	—			—			35			—			35
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(3,972		)	(6,561		)	6,913			(352		)	(3,972		)
Total liabilities and stockholders’ equity (deficit)	$	(5,553	)	$	8,607		$	5,544		$	(357	)	$	8,241

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

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended July 31, 2012							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
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 purchases in 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

Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended July 31, 2013							Non-Guarantor Subsidiaries
(in millions)	NIC			Navistar, Inc.						Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(771	)	$	(639	)	$	382		$	1,062		$	34
Cash flows from investment activities
Net change in restricted cash and cash equivalents	(1		)	2			(10		)	—			(9		)
Net purchases of marketable securities	(147		)	—			(95		)	—			(242		)
Capital expenditures and purchase of equipment leased to others	—			(347		)	(140		)	—			(487		)
Other investing activities	—			10			37			—			47
Net cash used in investment activities	(148		)	(335		)	(208		)	—			(691		)
Cash flows from financing activities
Net borrowings (repayments) of debt	340			688			(220		)	(1,062		)	(254		)
Other financing activities	26			277			(35		)	—			268
Net cash provided by (used in) financing activities	366			965			(255		)	(1,062		)	14
Effect of exchange rate changes on cash and cash equivalents	—			—			(19		)	—			(19		)
Decrease in cash and cash equivalents	(553		)	(9		)	(100		)	—			(662		)
Cash and cash equivalents at beginning of the period	702			55			330			—			1,087
Cash and cash equivalents at end of the period	$	149		$	46		$	230		$	—		$	425