Income Taxes (Tables)

12 Months Ended

Oct. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foriegn Components of Income (Loss) Before Income Taxes

The domestic and foreign components of Income (loss) from continuing operations before income taxes consist of the following for the years ended October 31:

(in millions)	2013			2012			2011
Domestic	$	(1,045	)	$	(893	)	$	362
Foreign	71			(218		)	73
Income (loss) from continuing operations before income taxes	$	(974	)	$	(1,111	)	$	435

Schedule of Components of Income Tax Expense (Benefit)

The components of Income tax benefit (expense) related to continuing operations consist of the following for the years ended October 31:

(in millions)	2013			2012			2011
Current:
Federal	$	4		$	(2	)	$	(3	)
State and local	(10		)	(11		)	1
Foreign	(58		)	4			(47		)
Total current benefit (expense)	(64		)	(9		)	(49		)
Deferred:
Federal	219			(1,841		)	1,380
State and local	2			(137		)	108
Foreign	14			207			(22		)
Total deferred benefit (expense)	235			(1,771		)	1,466
Total income tax benefit (expense)	$	171		$	(1,780	)	$	1,417

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of statutory federal income tax benefit (expense) to recorded Income tax benefit (expense) related to continuing operations is as follows for the years ended October 31:

(in millions)	2013			2012			2011
Federal income tax benefit (expense) at the statutory rate of 35%	$	341		$	389		$	(155	)
State income taxes, net of federal benefit	(4		)	(6		)	(4		)
Credits and incentives	—			10			27
Adjustments to valuation allowances	(350		)	(2,207		)	1,499
Foreign operations	(8		)	(17		)	(19		)
Adjustments to uncertain tax positions	(16		)	11			42
Tax expense related to equity components	220			—			—
Non-controlling interest adjustment	19			17			19
Other	(31		)	23			8
Recorded income tax benefit (expense)	$	171		$	(1,780	)	$	1,417

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax asset (liability) at October 31 are as follows:

(in millions)	2013			2012
Deferred tax assets attributable to:
Employee benefits liabilities	$	1,107		$	1,419
Net operating loss ("NOL") carry forwards	840			583
Product liability and warranty accruals	546			457
Research and development	26			49
Tax credit carry forwards	259			218
Other	271			285
Gross deferred tax assets	3,049			3,011
Less: Valuation allowances	2,773			2,664
Net deferred tax assets	$	276		$	347
Deferred tax liabilities attributable to:
Goodwill and intangibles assets	$	(72	)	$	(77	)
Other	(5		)	(54		)
Total deferred tax liabilities	$	(77	)	$	(131	)

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

Changes in the liability for uncertain tax positions during the year ended October 31, 2013 are summarized as follows:

(in millions)	2013
Liability for uncertain tax positions at November 1	$	90
Increase as a result of positions taken in prior periods	12
Decrease as a result of positions taken in the current period	(10		)
Settlements	(3		)
Lapse of statute of limitations	(1		)
Liability for uncertain tax positions at October 31	$	88