Debt (Tables)

12 Months Ended

Oct. 31, 2013

Debt Disclosure [Abstract]

Debt

Debt

(in millions)	2013		2012
Manufacturing operations:
Senior Secured Term Loan Credit Facility, as Amended, due 2017, net of unamortized discount of $4 and $9, respectively	$	693	$	991
8.25% Senior Notes, due 2021, net of unamortized discount of $22 and $28, respectively	1,178		872
3.00% Senior Subordinated Convertible Notes, due 2014, net of unamortized discount of $26 and $50, respectively	544		520
4.50% Senior Subordinated Convertible Notes, due 2018, net of unamortized discount of $23	177		—
Debt of majority-owned dealerships	48		60
Financing arrangements and capital lease obligations	77		140
Loan Agreement related to 6.5% Tax Exempt Bonds, due 2040	225		225
Promissory Note	20		30
Financed lease obligations	218		—
Other	39		67
Total Manufacturing operations debt	3,219		2,905
Less: Current portion	658		172
Net long-term Manufacturing operations debt	$	2,561	$	2,733

(in millions)	2013		2012
Financial Services operations:
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2019	$	778	$	994
Bank revolvers, at fixed and variable rates, due dates from 2014 through 2019	1,018		763
Commercial paper, at variable rates, matured in 2015	21		31
Borrowings secured by operating and finance leases, at various rates, due serially through 2017	49		78
Total Financial Services operations debt	1,866		1,866
Less: Current portion	505		1,033
Net long-term Financial Services operations debt	$	1,361	$	833

Schedule of Aggregate Contractual Maturities of Debt

The aggregate contractual annual maturities for debt as of October 31, 2013, are as follows:

	Manufacturing Operations		Financial Services Operations		Total
(in millions)
2014	$	685	$	505	$	1,190
2015	81		630		711
2016	108		88		196
2017	745		547		1,292
2018	222		25		247
Thereafter	1,453		71		1,524
Total debt	3,294		1,866		5,160
Less: Unamortized discount	75		—		75
Net debt	$	3,219	$	1,866	$	5,085