Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Apr. 30, 2014

Condensed Consolidating Guarantor and Non-Guarantor [Abstract]

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Statement of Operations for the Three Months Ended April 30, 2013
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			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, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	3,317		$	3,790		$	(2,153	)	$	4,954
Costs of products sold	—			3,222			3,393			(2,133		)	4,482
Restructuring charges	—			10			1			—			11
Asset impairment charges	—			—			171			(2		)	169
All other operating expenses (income)	77			514			248			(28		)	811
Total costs and expenses	77			3,746			3,813			(2,163		)	5,473
Equity in income (loss) of affiliates	(481		)	(152		)	1			635			3
Income (loss) before income taxes	(558		)	(581		)	(22		)	645			(516		)
Income tax benefit (expense)	13			(1		)	(23		)	—			(11		)
Earnings (loss) from continuing operations	(545		)	(582		)	(45		)	645			(527		)
Income from discontinued operations, net of tax	—			—			2			—			2
Net income (loss)	(545		)	(582		)	(43		)	645			(525		)
Less: Net income attributable to non-controlling interests	—			—			20			—			20
Net income (loss) attributable to Navistar International Corporation	$	(545	)	$	(582	)	$	(63	)	$	645		$	(545	)

Condensed Consolidating Statement of Operations for the Six Months Ended April 30, 2013
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			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 Three Months Ended April 30, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	1,893		$	2,061		$	(1,208	)	$	2,746
Costs of products sold	—			1,797			1,862			(1,191		)	2,468
Restructuring charges	—			8			—			—			8
Asset impairment charges	—			—			153			(2		)	151
All other operating expenses (income)	41			273			89			(17		)	386
Total costs and expenses	41			2,078			2,104			(1,210		)	3,013
Equity in income (loss) of affiliates	(269		)	(141		)	2			411			3
Income (loss) before income taxes	(310		)	(326		)	(41		)	413			(264		)
Income tax benefit (expense)	13			(8		)	(28		)	—			(23		)
Earnings (loss) from continuing operations	(297		)	(334		)	(69		)	413			(287		)
Income from discontinued operations, net of tax	—			—			1			—			1
Net income (loss)	(297		)	(334		)	(68		)	413			(286		)
Less: Net income attributable to non-controlling interests	—			—			11			—			11
Net income (loss) attributable to Navistar International Corporation	$	(297	)	$	(334	)	$	(79	)	$	413		$	(297	)

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

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended April 30, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(297	)	$	(334	)	$	(79	)	$	413		$	(297	)
Other comprehensive income (loss):
Foreign currency translation adjustment	48			—			48			(48		)	48
Defined benefit plans (net of tax of $0 tax for all entities)	25			25			—			(25		)	25
Total other comprehensive income (loss)	73			25			48			(73		)	73
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(224	)	$	(309	)	$	(31	)	$	340		$	(224	)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended April 30, 2013
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries		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, $0, $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 Six Months Ended April 30, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(545	)	$	(582	)	$	(63	)	$	645		$	(545	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(14		)	—			(14		)	14			(14		)
Defined benefit plans (net of tax of $(1), $0, $(1), $1, and, $(1), respectively)	50			50			—			(50		)	50
Total other comprehensive income (loss)	36			50			(14		)	(36		)	36
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(509	)	$	(532	)	$	(77	)	$	609		$	(509	)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Six Months Ended April 30, 2013
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries		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, $0, $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	)

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 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 April 30, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	280		$	44		$	270		$	—		$	594
Marketable securities	193			—			341			—			534
Restricted cash	18			4			90			—			112
Finance and other receivables, net	3			136			2,553			(10		)	2,682
Inventories	—			749			648			(13		)	1,384
Investments in non-consolidated affiliates	(6,570		)	6,433			66			140			69
Property and equipment, net	—			899			790			4			1,693
Goodwill	—			—			38			—			38
Deferred taxes, net	1			13			178			—			192
Other	38			156			237			(2		)	429
Total assets	$	(6,037	)	$	8,434		$	5,211		$	119		$	7,727
Liabilities and stockholders’ equity (deficit)
Debt	$	2,114		$	967		$	2,024		$	(5	)	$	5,100
Postretirement benefits liabilities	—			2,340			234			—			2,574
Amounts due to (from) affiliates	(7,412		)	11,392			(4,128		)	148			—
Other liabilities	3,367			624			210			(76		)	4,125
Total liabilities	(1,931		)	15,323			(1,660		)	67			11,799
Redeemable equity securities	2			—			—			—			2
Stockholders’ equity attributable to non-controlling interest	—			—			34			—			34
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(4,108		)	(6,889		)	6,837			52			(4,108		)
Total liabilities and stockholders’ equity (deficit)	$	(6,037	)	$	8,434		$	5,211		$	119		$	7,727

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows for the Six Months Ended April 30, 2013
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			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, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(458	)	$	(961	)	$	85		$	1,008		$	(326	)
Cash flows from investment activities
Net change in restricted cash and cash equivalents	5			(1		)	(25		)	—			(21		)
Net sales of marketable securities	389			—			(93		)	—			296
Capital expenditures and purchase of equipment leased to others	—			(67		)	(91		)	—			(158		)
Other investing activities	—			8			17			—			25
Net cash provided by (used in) investment activities	394			(60		)	(192		)	—			142
Cash flows from financing activities
Net borrowings (repayments) of debt	(10		)	959			68			(1,006		)	11
Other financing activities	18			34			(30		)	—			22
Net cash provided by (used in) financing activities	8			993			38			(1,006		)	33
Effect of exchange rate changes on cash and cash equivalents	—			—			(8		)	(2		)	(10		)
Decrease in cash and cash equivalents	(56		)	(28		)	(77		)	—			(161		)
Cash and cash equivalents at beginning of the period	336			72			347			—			755
Cash and cash equivalents at end of the period	$	280		$	44		$	270		$	—		$	594