Debt (Tables)

12 Months Ended

Oct. 31, 2015

Debt Disclosure [Abstract]

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

The aggregate contractual annual maturities for debt as of October 31, 2015, are as follows:

	Manufacturing Operations		Financial Services Operations		Total
(in millions)
2016	$	103	$	1,007	$	1,110
2017	55		977		1,032
2018	245		85		330
2019	433		25		458
2020	1,008		5		1,013
Thereafter	1,435		1		1,436
Total debt	3,279		2,100		5,379
Less: Unamortized discount	81		—		81
Net debt	$	3,198	$	2,100	$	5,298

Debt

(in millions)	2015		2014
Manufacturing operations
Senior Secured Term Loan Credit Facility, as amended, due 2020, net of unamortized discount of $17 and $3, respectively	$	1,023	$	694
8.25% Senior Notes, due 2021, net of unamortized discount of $18 and $20, respectively	1,182		1,180
4.50% Senior Subordinated Convertible Notes, due 2018, net of unamortized discount of $14 and $19, respectively	186		181
4.75% Senior Subordinated Convertible Notes, due 2019, net of unamortized discount of $32 and $40, respectively	379		371
Debt of majority-owned dealerships	28		30
Financing arrangements and capital lease obligations	49		54
Loan Agreement related to 6.5% Tax Exempt Bonds, due 2040	225		225
Promissory Note	—		10
Financed lease obligations	111		184
Other	15		29
Total Manufacturing operations debt	3,198		2,958
Less: Current portion	103		100
Net long-term Manufacturing operations debt	$	3,095	$	2,858

(in millions)	2015		2014
Financial Services operations
Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2018	$	870	$	914
Bank revolvers, at fixed and variable rates, due dates from 2016 through 2020	1,063		1,242
Commercial paper, at variable rates, program matures in 2017	86		74
Borrowings secured by operating and finance leases, at various rates, due serially through 2020	81		36
Total Financial Services operations debt	2,100		2,266
Less: Current portion	1,007		1,195
Net long-term Financial Services operations debt	$	1,093	$	1,071