XML 15 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Guarantor and Non-Guarantor (Tables)
 3 Months Ended
Jan. 31, 2014
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 January 31, 2013
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
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

Asset impairment charges
—

 
—

 
—

 
—

 
—

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
)
Condensed Consolidating Statement of Operations for the Three Months Ended January 31, 2014
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
Eliminations
and Other
 
Consolidated
Sales and revenues, net
$
—

 
$
1,424

 
$
1,729

 
$
(945
)
 
$
2,208

Costs of products sold
—

 
1,425

 
1,531

 
(942
)
 
2,014

Restructuring charges
—

 
2

 
1

 
—

 
3

Asset impairment charges
—

 
—

 
18

 
—

 
18

All other operating expenses (income)
36

 
241

 
159

 
(11
)
 
425

Total costs and expenses
36

 
1,668

 
1,709

 
(953
)
 
2,460

Equity in income (loss) of affiliates
(212
)
 
(11
)
 
(1
)
 
224

 
—

Income (loss) before income taxes
(248
)
 
(255
)
 
19

 
232

 
(252
)
Income tax benefit
—

 
7

 
5

 
—

 
12

Earnings (loss) from continuing operations
(248
)
 
(248
)
 
24

 
232

 
(240
)
Income from discontinued operations, net of tax
—

 
—

 
1

 
—

 
1

Net income (loss)
(248
)
 
(248
)
 
25

 
232

 
(239
)
Less: Net income attributable to non-controlling interests
—

 
—

 
9

 
—

 
9

Net income (loss) attributable to Navistar International Corporation
$
(248
)
 
$
(248
)
 
$
16

 
$
232

 
$
(248
)
Schedule of Condensed Statement of Comprehensive Income [Table Text Block]
Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended January 31, 2014
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
Eliminations
and Other
 
Consolidated
Net income (loss) attributable to Navistar International Corporation
$
(248
)
 
$
(248
)
 
$
16

 
$
232

 
$
(248
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(62
)
 
—

 
(62
)
 
62

 
(62
)
Defined benefit plans (net of tax of $0 tax for all entities)
25

 
25

 
—

 
(25
)
 
25

Total other comprehensive income (loss)
(37
)
 
25

 
(62
)
 
37

 
(37
)
Total comprehensive income (loss) attributable to Navistar International Corporation
$
(285
)
 
$
(223
)
 
$
(46
)
 
$
269

 
$
(285
)
Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended January 31, 2013
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
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 tax 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
)
Schedule of Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheet as of October 31, 2013
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
Eliminations
and Other
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
336

 
$
72

 
$
347

 
$
—

 
$
755

Marketable securities
581

 
1

 
248

 
—

 
830

Restricted cash
23

 
3

 
65

 
—

 
91

Finance and other receivables, net
3

 
148

 
2,561

 
(11
)
 
2,701

Inventories
—

 
621

 
608

 
(19
)
 
1,210

Investments in non-consolidated affiliates
(6,123
)
 
6,600

 
73

 
(473
)
 
77

Property and equipment, net
—

 
937

 
807

 
(3
)
 
1,741

Goodwill
—

 
—

 
184

 
—

 
184

Deferred taxes, net
—

 
13

 
219

 
(1
)
 
231

Other
36

 
156

 
304

 
(1
)
 
495

Total assets
$
(5,144
)
 
$
8,551

 
$
5,416

 
$
(508
)
 
$
8,315

Liabilities and stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
Debt
$
2,125

 
$
1,002

 
$
1,960

 
$
(2
)
 
$
5,085

Postretirement benefits liabilities
—

 
2,407

 
245

 
—

 
2,652

Amounts due to (from) affiliates
(6,988
)
 
10,846

 
(3,932
)
 
74

 
—

Other liabilities
3,362

 
646

 
250

 
(79
)
 
4,179

Total liabilities
(1,501
)
 
14,901

 
(1,477
)
 
(7
)
 
11,916

Redeemable equity securities
4

 
—

 
—

 
—

 
4

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

 
—

 
44

 
—

 
44

Stockholders’ equity (deficit) attributable to Navistar International Corporation
(3,647
)
 
(6,350
)
 
6,849

 
(501
)
 
(3,649
)
Total liabilities and stockholders’ equity (deficit)
$
(5,144
)
 
$
8,551

 
$
5,416

 
$
(508
)
 
$
8,315

Condensed Consolidating Balance Sheet as of January 31, 2014
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
Eliminations
and Other
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
177

 
$
40

 
$
332

 
$
—

 
$
549

Marketable securities
317

 
—

 
313

 
—

 
630

Restricted cash
18

 
4

 
93

 
—

 
115

Finance and other receivables, net
(1
)
 
138

 
2,214

 
(6
)
 
2,345

Inventories
—

 
773

 
621

 
(12
)
 
1,382

Investments in non-consolidated affiliates
(6,375
)
 
6,586

 
72

 
(208
)
 
75

Property and equipment, net
—

 
906

 
790

 
4

 
1,700

Goodwill
—

 
—

 
170

 
—

 
170

Deferred taxes, net
1

 
13

 
215

 
—

 
229

Other
34

 
162

 
267

 
(4
)
 
459

Total assets
$
(5,829
)
 
$
8,622

 
$
5,087

 
$
(226
)
 
$
7,654

Liabilities and stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
Debt
$
2,133

 
$
994

 
$
1,741

 
$
(4
)
 
$
4,864

Postretirement benefits liabilities
—

 
2,377

 
243

 
—

 
2,620

Amounts due to (from) affiliates
(7,396
)
 
11,182

 
(3,871
)
 
85

 
—

Other liabilities
3,344

 
632

 
147

 
(76
)
 
4,047

Total liabilities
(1,919
)
 
15,185

 
(1,740
)
 
5

 
11,531

Redeemable equity securities
2

 
—

 
—

 
—

 
2

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

 
—

 
33

 
—

 
33

Stockholders’ equity (deficit) attributable to Navistar International Corporation
(3,912
)
 
(6,563
)
 
6,794

 
(231
)
 
(3,912
)
Total liabilities and stockholders’ equity (deficit)
$
(5,829
)
 
$
8,622

 
$
5,087

 
$
(226
)
 
$
7,654
Schedule of Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statement of Cash Flows for the Three Months Ended January 31, 2014
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
Eliminations
and Other
 
Consolidated
Net cash provided by (used in) operations
$
(446
)
 
$
(970
)
 
$
368

 
$
955

 
$
(93
)
Cash flows from investment activities
 
 
 
 
 
 
 
 
 
Net change in restricted cash and cash equivalents
6

 
(1
)
 
(29
)
 
—

 
(24
)
Net sales of marketable securities
264

 
—

 
(64
)
 
—

 
200

Capital expenditures and purchase of equipment leased to others
—

 
(18
)
 
(52
)
 
—

 
(70
)
Other investing activities
—

 
1

 
7

 
—

 
8

Net cash provided by (used in) investment activities
270

 
(18
)
 
(138
)
 
—

 
114

Cash flows from financing activities
 
 
 
 
 
 
 
 
 
Net borrowings (repayments) of debt
1

 
936

 
(204
)
 
(955
)
 
(222
)
Other financing activities
16

 
20

 
(20
)
 
—

 
16

Net cash provided by (used in) financing activities
17

 
956

 
(224
)
 
(955
)
 
(206
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(21
)
 
—

 
(21
)
Decrease in cash and cash equivalents
(159
)
 
(32
)
 
(15
)
 
—

 
(206
)
Cash and cash equivalents at beginning of the period
336

 
72

 
347

 
—

 
755

Cash and cash equivalents at end of the period
$
177

 
$
40

 
$
332

 
$
—

 
$
549

Condensed Consolidating Statement of Cash Flows for the Three Months Ended January 31, 2013
(in millions)
NIC
 
Navistar,
Inc.
 
Non-Guarantor
Subsidiaries
 
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 sales 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