Finance Receivables (Tables)

9 Months Ended

Jul. 31, 2018

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Our Finance receivables, net in our Consolidated Balance Sheets consist of the following:

(in millions)	July 31, 2018		October 31, 2017
Retail portfolio	$	639	$	559
Wholesale portfolio	1,282		1,246
Total finance receivables	1,921		1,805
Less: Allowance for doubtful accounts	24		20
Total finance receivables, net	1,897		1,785
Less: Current portion, net(A)	1,638		1,565
Noncurrent portion, net	$	259	$	220

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(A) The current portion of finance receivables is computed based on contractual maturities. Actual cash collections typically vary from the contractual cash flows because of prepayments, extensions, delinquencies, credit losses, and renewals.

Finance Revenues Derived From Receivables [Table Text Block]

The following table presents the components of our Finance revenues in our Consolidated Statements of Operations:

	Three Months Ended July 31,				Nine Months Ended July 31,
(in millions)	2018		2017		2018		2017
Retail notes and finance leases revenue	$	12	$	11	$	36	$	30
Wholesale notes interest	26		28		75		75
Operating lease revenue	19		17		54		50
Retail and wholesale accounts interest	8		6		22		17
Gross finance revenues	65		62		187		172
Less: Intercompany revenues	25		27		69		70
Finance revenues	$	40	$	35	$	118	$	102