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

6 Months Ended

Apr. 30, 2015

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, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	2,009		$	1,943		$	(1,259	)	$	2,693
Costs of products sold	—			1,864			1,735			(1,239		)	2,360
Restructuring charges	—			—			6			—			6
Asset impairment charges	—			1			—			—			1
All other operating expenses (income)	27			282			79			(22		)	366
Total costs and expenses	27			2,147			1,820			(1,261		)	2,733
Equity in income (loss) of affiliates	(37		)	64			—			(26		)	1
Income (loss) before income taxes	(64		)	(74		)	123			(24		)	(39		)
Income tax expense	—			(1		)	(17		)	—			(18		)
Earnings (loss) from continuing operations	(64		)	(75		)	106			(24		)	(57		)
Income from discontinued operations, net of tax	—			—			—			—			—
Net income (loss)	(64		)	(75		)	106			(24		)	(57		)
Less: Net income attributable to non-controlling interests	—			—			7			—			7
Net income (loss) attributable to Navistar International Corporation	$	(64	)	$	(75	)	$	99		$	(24	)	$	(64	)

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	)

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, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	3,619		$	3,711		$	(2,216	)	$	5,114
Costs of products sold	—			3,273			3,305			(2,173		)	4,405
Restructuring charges	—			3			6			—			9
Asset impairment charges	—			8			—			—			8
All other operating expenses (income)	50			546			204			(40		)	760
Total costs and expenses	50			3,830			3,515			(2,213		)	5,182
Equity in income (loss) of affiliates	(56		)	79			1			(21		)	3
Income (loss) before income taxes	(106		)	(132		)	197			(24		)	(65		)
Income tax expense	—			(2		)	(23		)	—			(25		)
Earnings (loss) from continuing operations	(106		)	(134		)	174			(24		)	(90		)
Income from discontinued operations, net of tax	—			—			—			—			—
Net income (loss)	(106		)	(134		)	174			(24		)	(90		)
Less: Net income attributable to non-controlling interests	—			—			16			—			16
Net income (loss) attributable to Navistar International Corporation	$	(106	)	$	(134	)	$	158		$	(24	)	$	(106	)

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

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 Three Months Ended April 30, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(64	)	$	(75	)	$	99		$	(24	)	$	(64	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(27		)	—			(27		)	27			(27		)
Defined benefit plans (net of tax of $(0), for all entities)	33			31			2			(33		)	33
Total other comprehensive income (loss)	6			31			(25		)	(6		)	6
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(58	)	$	(44	)	$	74		$	(30	)	$	(58	)

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, 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 Six Months Ended April 30, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss) attributable to Navistar International Corporation	$	(106	)	$	(134	)	$	158		$	(24	)	$	(106	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(86		)	—			(86		)	86			(86		)
Defined benefit plans (net of tax of $(1), $(0), $(1), $1, and $(1), respectively)	65			62			3			(65		)	65
Total other comprehensive income (loss)	(21		)	62			(83		)	21			(21		)
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(127	)	$	(72	)	$	75		$	(3	)	$	(127	)

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet as of April 30, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	163		$	37		$	383		$	—		$	583
Marketable securities	150			—			123			—			273
Restricted cash	17			6			90			—			113
Finance and other receivables, net	3			132			2,558			(19		)	2,674
Inventories	—			785			475			(15		)	1,245
Investments in non-consolidated affiliates	(7,322		)	6,495			65			830			68
Property and equipment, net	—			768			646			(7		)	1,407
Goodwill	—			—			38			—			38
Deferred taxes, net	5			9			158			—			172
Other	32			141			179			—			352
Total assets	$	(6,952	)	$	8,373		$	4,715		$	789		$	6,925
Liabilities and stockholders’ equity (deficit)
Debt	$	1,965		$	887		$	2,357		$	(6	)	$	5,203
Postretirement benefits liabilities	—			2,639			227			—			2,866
Amounts due to (from) affiliates	(7,749		)	11,963			(4,352		)	138			—
Other liabilities	3,606			249			(182		)	(73		)	3,600
Total liabilities	(2,178		)	15,738			(1,950		)	59			11,669
Redeemable equity securities	1			—			—			—			1
Stockholders’ equity attributable to non-controlling interest	—			—			30			—			30
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(4,775		)	(7,365		)	6,635			730			(4,775		)
Total liabilities and stockholders’ equity (deficit)	$	(6,952	)	$	8,373		$	4,715		$	789		$	6,925

Condensed Consolidating Balance Sheet as of October 31, 2014
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	101		$	53		$	343		$	—		$	497
Marketable securities	379			—			226			—			605
Restricted cash	19			4			148			—			171
Finance and other receivables, net	—			124			2,504			(12		)	2,616
Inventories	—			792			539			(12		)	1,319
Investments in non-consolidated affiliates	(7,245		)	6,410			71			837			73
Property and equipment, net	—			827			740			(5		)	1,562
Goodwill	—			—			38			—			38
Deferred taxes, net	5			9			185			1			200
Other	34			137			194			(3		)	362
Total assets	$	(6,707	)	$	8,356		$	4,988		$	806		$	7,443
Liabilities and stockholders’ equity (deficit)
Debt	$	1,958		$	937		$	2,336		$	(7	)	$	5,224
Postretirement benefits liabilities	—			2,712			243			—			2,955
Amounts due to (from) affiliates	(7,618		)	11,739			(4,267		)	146			—
Other liabilities	3,605			370			(22		)	(71		)	3,882
Total liabilities	(2,055		)	15,758			(1,710		)	68			12,061
Redeemable equity securities	2			—			—			—			2
Stockholders’ equity attributable to non-controlling interest	—			—			34			—			34
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(4,654		)	(7,402		)	6,664			738			(4,654		)
Total liabilities and stockholders’ equity (deficit)	$	(6,707	)	$	8,356		$	4,988		$	806		$	7,443

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows for the Six Months Ended April 30, 2015
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(168	)	$	41		$	(188	)	$	78		$	(237	)
Cash flows from investment activities
Net change in restricted cash and cash equivalents	1			(2		)	54			—			53
Net sales of marketable securities	229			—			103			—			332
Capital expenditures and purchase of equipment leased to others	—			(30		)	(35		)	—			(65		)
Other investing activities	—			7			5			—			12
Net cash provided by (used in) investment activities	230			(25		)	127			—			332
Cash flows from financing activities
Net borrowings (repayments) of debt	—			(52		)	66			2			16
Other financing activities	—			20			61			(80		)	1
Net cash provided by (used in) financing activities	—			(32		)	127			(78		)	17
Effect of exchange rate changes on cash and cash equivalents	—			—			(26		)	—			(26		)
Increase (decrease) in cash and cash equivalents	62			(16		)	40			—			86
Cash and cash equivalents at beginning of the period	101			53			343			—			497
Cash and cash equivalents at end of the period	$	163		$	37		$	383		$	—		$	583

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