Finance Receivables (Tables)

9 Months Ended

Jul. 31, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Our Finance receivables, net consist of the following:

(in millions)	July 31, 2015		October 31, 2014
Retail portfolio	$	606	$	726
Wholesale portfolio	1,372		1,339
Total finance receivables	1,978		2,065
Less: Allowance for doubtful accounts	28		27
Total finance receivables, net	1,950		2,038
Less: Current portion, net(A)	1,737		1,758
Noncurrent portion, net	$	213	$	280

_________________________

(A) The current portion of finance receivables is computed based on contractual maturities. Actual cash collections typically vary from the contractual cash flows because of prepayments, extensions, delinquencies, credit losses, and renewals.

Finance Revenues Derived From Receivables [Table Text Block]

The following table presents the components of our Finance revenues:

	Three Months Ended July 31,						Nine Months Ended July 31,
(in millions)	2015			2014			2015			2014
Retail notes and finance leases revenue	$	12		$	16		$	37		$	49
Wholesale notes interest	27			22			75			59
Operating lease revenue	16			15			46			44
Retail and wholesale accounts interest	8			7			25			20
Gross finance revenues	63			60			183			172
Less: Intercompany revenues	(26		)	(22		)	(75		)	(57		)
Finance revenues	$	37		$	38		$	108		$	115