XML 37 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies Inventory Reserve (Tables)
6 Months Ended
Apr. 30, 2018
Schedule of Used Truck Reserve [Abstract]  
Inventory Reserve [Table Text Block]
The following table presents the activity in our used truck reserve:
 
Six Months Ended April 30,
(in millions)
2018
 
2017
Balance at beginning of period
$
110

 
$
208

Additions charged to expense(A)
22

 
88

Deductions/Other adjustments(B)
(69
)
 
(80
)
Balance at end of period
$
63

 
$
216

_________________________
(A)
Additions charged to expense reflect the increase of the reserve for inventory on hand. During the second quarter of 2017, we implemented a shift in market mix to include an increase in volume to certain export markets, which had a lower price point as compared to sales through our domestic channels, and to lower domestic pricing to enable higher sales velocity. In the second quarter of 2017, we recorded a charge of $60 million in Costs of Products Sold in our Consolidated Statements of Operations.
(B)
Deductions/Other adjustments reflect reductions of the reserve related to the sale of units and our currency translation adjustments.