Debt (Tables)

12 Months Ended

Oct. 31, 2014

Debt Disclosure [Abstract]

Debt

(in millions)	2014		2013
Manufacturing operations
Senior Secured Term Loan Credit Facility, as amended, due 2017, net of unamortized discount of $3 and $4, respectively	$	694	$	693
8.25% Senior Notes, due 2021, net of unamortized discount of $20 and $22, respectively	1,180		1,178
3.00% Senior Subordinated Convertible Notes, paid 2014, net of unamortized discount of $26	—		544
4.50% Senior Subordinated Convertible Notes, due 2018, net of unamortized discount of $19 and $23, respectively	181		177
4.75% Senior Subordinated Convertible Notes, due 2019, net of unamortized discount of $40	371		—
Debt of majority-owned dealerships	30		48
Financing arrangements and capital lease obligations	54		77
Loan Agreement related to 6.5% Tax Exempt Bonds, due 2040	225		225
Promissory Note	10		20
Financed lease obligations	184		218
Other	29		39
Total Manufacturing operations debt	2,958		3,219
Less: Current portion	100		658
Net long-term Manufacturing operations debt	$	2,858	$	2,561

(in millions)	2014		2013
Financial Services operations
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2019	$	914	$	778
Bank revolvers, at fixed and variable rates, due dates from 2014 through 2020	1,242		1,018
Commercial paper, at variable rates, program matures in 2015	74		21
Borrowings secured by operating and finance leases, at various rates, due serially through 2018	36		49
Total Financial Services operations debt	2,266		1,866
Less: Current portion	1,195		505
Net long-term Financial Services operations debt	$	1,071	$	1,361

Schedule of Maturities of Long-term Debt [Table Text Block]

The aggregate contractual annual maturities for debt as of October 31, 2014, are as follows:

	Manufacturing Operations		Financial Services Operations		Total
(in millions)
2015	$	100	$	1,195	$	1,295
2016	100		177		277
2017	748		801		1,549
2018	227		49		276
2019	421		43		464
Thereafter	1,444		1		1,445
Total debt	3,040		2,266		5,306
Less: Unamortized discount	82		—		82
Net debt	$	2,958	$	2,266	$	5,224