Summary of Significant Accounting Policies Inventory Reserve (Tables)

9 Months Ended

Jul. 31, 2018

Schedule of Used Truck Reserve [Abstract]

Inventory Reserve [Table Text Block]

The following table presents the activity in our used truck reserve:

	Nine Months Ended July 31,
(in millions)	2018			2017
Balance at beginning of period	$	110		$	208
Additions charged to expense(A)	38			102
Deductions/Other adjustments(B)	(100		)	(136		)
Balance at end of period	$	48		$	174

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(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.

(B) Deductions/Other adjustments reflect reductions of the reserve related to the sale of units and our currency translation adjustments.