Investments in Non-Consolidated Affiliates (Notes)

12 Months Ended

Oct. 31, 2017

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 2017 and 2016.

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

	(Unaudited)
(in millions)	2017		2016
Assets:
Current assets	$	286	$	300
Noncurrent assets	179		145
Total assets	$	465	$	445
Liabilities and equity:
Current liabilities	$	257	$	251
Noncurrent liabilities	38		44
Total liabilities	295		295
Partners' capital and stockholders' equity:
NIC	56		62
Third parties	114		88
Total partners' capital and stockholders' equity	170		150
Total liabilities and equity	$	465	$	445

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)	2017		2016		2015
Net sales	$	497	$	584	$	554
Costs, expenses, and income tax expense	488		571		536
Net income	$	9	$	13	$	18

We recorded sales to certain of these affiliates totaling $5 million, $6 million, and $7 million in 2017, 2016, and 2015, respectively. We also purchased $156 million, $207 million, and $245 million of products and services from certain of these affiliates in 2017, 2016, and 2015, 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)	2017		2016
Receivables due from affiliates	$	1	$	—
Payables due to affiliates	19		22

As of October 31, 2017 and 2016, our share of net unfunded earnings in non-consolidated affiliates totaled $7 million and $4 million, respectively.