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

6 Months Ended

Apr. 30, 2017

Apr. 30, 2016

Condensed Consolidating Guarantor and Non-Guarantor [Abstract]

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Statement of Operations for the Six Months Ended April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	2,795		$	2,426		$	(1,462	)	$	3,759
Costs of products sold	—			2,485			2,094			(1,433		)	3,146
Restructuring charges	—			2			7			—			9
Asset impairment charges	—			7			—			—			7
All other operating expenses (income)	56			471			219			(25		)	721
Total costs and expenses	56			2,965			2,320			(1,458		)	3,883
Equity in income (loss) of affiliates	(86		)	61			3			27			5
Income (loss) before income taxes	(142		)	(109		)	109			23			(119		)
Income tax expense	—			—			(10		)	—			(10		)
Net income (loss)	(142		)	(109		)	99			23			(129		)
Less: Net income attributable to non-controlling interests	—			—			13			—			13
Net income (loss) attributable to Navistar International Corporation	$	(142	)	$	(109	)	$	86		$	23		$	(142	)

Condensed Consolidating Statement of Operations for the Three Months Ended April 30, 2016
(in millions)	NIC		Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—	$	1,702		$	1,423		$	(928	)	$	2,197
Costs of products sold	—		1,548			1,208			(911		)	1,845
Restructuring charges	—		3			—			—			3
Asset impairment charges	—		2			1			—			3
All other operating expenses (income)	38		233			66			(18		)	319
Total costs and expenses	38		1,786			1,275			(929		)	2,170
Equity in income (loss) of affiliates	42		68			—			(108		)	2
Income (loss) before income taxes	4		(16		)	148			(107		)	29
Income tax expense	—		(2		)	(14		)	—			(16		)
Net income (loss)	4		(18		)	134			(107		)	13
Less: Net income attributable to non-controlling interests	—		—			9			—			9
Net income (loss) attributable to Navistar International Corporation	$	4	$	(18	)	$	125		$	(107	)	$	4

Condensed Consolidating Statement of Operations for the Three Months Ended April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	1,533		$	1,398		$	(835	)	$	2,096
Costs of products sold	—			1,381			1,215			(820		)	1,776
Restructuring charges	—			2			—			—			2
Asset impairment charges	—			5			—			—			5
All other operating expenses (income)	31			255			109			(11		)	384
Total costs and expenses	31			1,643			1,324			(831		)	2,167
Equity in income (loss) of affiliates	(49		)	38			1			12			2
Income (loss) before income taxes	(80		)	(72		)	75			8			(69		)
Income tax expense	—			—			(6		)	—			(6		)
Net income (loss)	(80		)	(72		)	69			8			(75		)
Less: Net income attributable to non-controlling interests	—			—			5			—			5
Net income (loss) attributable to Navistar International Corporation	$	(80	)	$	(72	)	$	64		$	8		$	(80	)

Condensed Consolidating Statement of Operations for the Six Months Ended April 30, 2016
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Sales and revenues, net	$	—		$	3,044		$	2,623		$	(1,705	)	$	3,962
Costs of products sold	—			2,752			2,231			(1,672		)	3,311
Restructuring charges	—			4			2			—			6
Asset impairment charges	—			2			3			—			5
All other operating expenses (income)	57			446			174			(36		)	641
Total costs and expenses	57			3,204			2,410			(1,708		)	3,963
Equity in income (loss) of affiliates	28			55			(1		)	(81		)	1
Income (loss) before income taxes	(29		)	(105		)	212			(78		)	—
Income tax benefit (expense)	—			11			(22		)	—			(11		)
Net income (loss)	(29		)	(94		)	190			(78		)	(11		)
Less: Net income attributable to non-controlling interests	—			—			18			—			18
Net income (loss) attributable to Navistar International Corporation	$	(29	)	$	(94	)	$	172		$	(78	)	$	(29	)

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

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Six Months Ended April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss)	$	(142	)	$	(109	)	$	99		$	23		$	(129	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(8		)	—			(8		)	8			(8		)
Defined benefit plans, net of tax	69			66			3			(69		)	69
Total other comprehensive income (loss)	61			66			(5		)	(61		)	61
Comprehensive income (loss)	(81		)	(43		)	94			(38		)	(68		)
Less: Net income attributable to non-controlling interests	—			—			13			—			13
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(81	)	$	(43	)	$	81		$	(38	)	$	(81	)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net income (loss)	$	(80	)	$	(72	)	$	69	$	8		$	(75	)
Other comprehensive income (loss):
Foreign currency translation adjustment	4			—			4		(4		)	4
Defined benefit plans, net of tax	34			33			1		(34		)	34
Total other comprehensive income (loss)	38			33			5		(38		)	38
Comprehensive income (loss)	(42		)	(39		)	74		(30		)	(37		)
Less: Net income attributable to non-controlling interests	—			—			5		—			5
Total comprehensive income (loss) attributable to Navistar International Corporation	$	(42	)	$	(39	)	$	69	$	(30	)	$	(42	)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended April 30, 2016
(in millions)	NIC		Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss)	$	4	$	(18	)	$	134		$	(107	)	$	13
Other comprehensive income (loss):
Foreign currency translation adjustment	50		—			50			(50		)	50
Defined benefit plans (net of tax)	15		31			(16		)	(15		)	15
Total other comprehensive income (loss)	65		31			34			(65		)	65
Comprehensive income (loss)	69		13			168			(172		)	78
Less: Net income attributable to non-controlling interests	—		—			9			—			9
Total comprehensive income (loss) attributable to Navistar International Corporation	$	69	$	13		$	159		$	(172	)	$	69

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Six Months Ended April 30, 2016
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income (loss)	$	(29	)	$	(94	)	$	190		$	(78	)	$	(11	)
Other comprehensive income (loss):
Foreign currency translation adjustment	17			—			17			(17		)	17
Defined benefit plans (net of tax)	48			63			(15		)	(48		)	48
Total other comprehensive income (loss)	65			63			2			(65		)	65
Comprehensive income (loss)	36			(31		)	192			(143		)	54
Less: Net income attributable to non-controlling interests	—			—			18			—			18
Total comprehensive income (loss) attributable to Navistar International Corporation	$	36		$	(31	)	$	174		$	(143	)	$	36

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet as of April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Assets
Cash and cash equivalents	$	333		$	101		$	337		$	—		$	771
Marketable securities	26			—			152			—			178
Restricted cash	16			6			138			—			160
Finance and other receivables, net	11			206			1,882			(91		)	2,008
Inventories	—			593			361			(8		)	946
Investments in non-consolidated affiliates	(7,488		)	6,313			52			1,178			55
Property and equipment, net	—			782			549			(7		)	1,324
Goodwill	—			—			38			—			38
Deferred taxes, net	—			10			152			(1		)	161
Other	5			127			180			(1		)	311
Total assets	$	(7,097	)	$	8,138		$	3,841		$	1,070		$	5,952
Liabilities and stockholders’ equity (deficit)
Debt	$	2,221		$	1,140		$	1,706		$	(2	)	$	5,065
Postretirement benefits liabilities	—			2,790			226			—			3,016
Amounts due to (from) affiliates	(8,026		)	10,948			(2,972		)	50			—
Other liabilities	3,839			(149		)	(630		)	(62		)	2,998
Total liabilities	(1,966		)	14,729			(1,670		)	(14		)	11,079
Stockholders’ equity (deficit) attributable to Navistar International Corporation	(5,131		)	(6,591		)	5,507			1,084			(5,131		)
Stockholders’ equity attributable to non-controlling interest	—			—			4			—			4
Total liabilities and stockholders’ equity (deficit)	$	(7,097	)	$	8,138		$	3,841		$	1,070		$	5,952

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows for the Six Months Ended April 30, 2017
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operating activities	$	(346	)	$	(669	)	$	188		$	720		$	(107	)
Cash flows from investing activities
Net change in restricted cash and cash equivalents	—			—			(48		)	—			(48		)
Net sales (purchases) of marketable securities	2			—			(134		)	—			(132		)
Capital expenditures and purchase of equipment leased to others	—			(70		)	(33		)	—			(103		)
Other investing activities	(250		)	6			6			250			12
Net cash provided by (used in) investing activities	(248		)	(64		)	(209		)	250			(271		)
Cash flows from financing activities
Net borrowings (repayments) of debt	244			704			(130		)	(720		)	98
Issuance of common stock, net of issuance costs	245			—			250			(250		)	245
Other financing activities	3			13			(15		)	—			1
Net cash provided by (used in) financing activities	492			717			105			(970		)	344
Effect of exchange rate changes on cash and cash equivalents	—			—			1			—			1
Increase (decrease) in cash and cash equivalents	(102		)	(16		)	85			—			(33		)
Cash and cash equivalents at beginning of the period	435			117			252			—			804
Cash and cash equivalents at end of the period	$	333		$	101		$	337		$	—		$	771

Condensed Consolidating Statement of Cash Flows for the Six Months Ended April 30, 2016
(in millions)	NIC			Navistar, Inc.			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operations	$	(293	)	$	(297	)	$	218		$	268		$	(104	)
Cash flows from investment activities
Net change in restricted cash and cash equivalents	—			2			(21		)	—			(19		)
Net sales (purchases) of marketable securities	65			—			(134		)	—			(69		)
Capital expenditures and purchase of equipment leased to others	—			(34		)	(97		)	—			(131		)
Other investing activities	—			—			53			—			53
Net cash provided by (used in) investing activities	65			(32		)	(199		)	—			(166		)
Cash flows from financing activities
Net borrowings (repayments) of debt	—			259			(26		)	(298		)	(65		)
Other financing activities	—			13			(49		)	30			(6		)
Net cash provided by (used in) financing activities	—			272			(75		)	(268		)	(71		)
Effect of exchange rate changes on cash and cash equivalents	—			—			18			—			18
Decrease in cash and cash equivalents	(228		)	(57		)	(38		)	—			(323		)
Cash and cash equivalents at beginning of the period	456			81			375			—			912
Cash and cash equivalents at end of the period	$	228		$	24		$	337		$	—		$	589