Investments in Non-Consolidated Affiliates (Notes)

12 Months Ended

Oct. 31, 2016

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

8. Investments in Non-consolidated Affiliates

Investments in non-consolidated affiliates is comprised of our interests in partially-owned affiliates of which our ownership percentages range from 30% to 50%. We do not control these affiliates, but have the ability to exercise significant influence over their operating and financial policies. We account for them using the equity method of accounting. We made no new and incremental investments in these non-consolidated affiliates for 2016 and 2015.

The following table summarizes 100% of the combined assets, liabilities, and equity of our equity method affiliates as of October 31:

	(Unaudited)
(in millions)	2016		2015
Assets:
Current assets	$	300	$	240
Noncurrent assets	145		154
Total assets	$	445	$	394
Liabilities and equity:
Current liabilities	$	251	$	195
Noncurrent liabilities	44		35
Total liabilities	295		230
Partners' capital and stockholders' equity:
NIC	62		68
Third parties	88		96
Total partners' capital and stockholders' equity	150		164
Total liabilities and equity	$	445	$	394

The following table summarizes 100% of the combined results of operations of our equity method affiliates for the years ended October 31:

	(Unaudited)
(in millions)	2016		2015		2014
Net sales	$	584	$	554	$	527
Costs, expenses, and income tax expense	571		536		500
Net income	$	13	$	18	$	27

We recorded sales to certain of these affiliates totaling $6 million, $7 million, and $8 million in 2016, 2015, and 2014, respectively. We also purchased $207 million, $245 million, and $219 million of products and services from certain of these affiliates in 2016, 2015, and 2014, respectively.

Amounts due to and due from our affiliates arising from the sale and purchase of products and services as of October 31 are as follows:

(in millions)	2016		2015
Receivables due from affiliates	$	—	$	1
Payables due to affiliates	22		30

As of October 31, 2016 and 2015, our share of net unfunded earnings in non-consolidated affiliates totaled $4 million and $16 million, respectively.