Finance Receivables (Tables)

6 Months Ended

Apr. 30, 2019

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)	As of April 30, 2019		As of October 31, 2018
Retail portfolio	$	797	$	720
Wholesale portfolio	1,544		1,460
Total finance receivables	2,341		2,180
Less: Allowance for doubtful accounts	25		22
Total finance receivables, net	2,316		2,158
Less: Current portion, net(A)	2,037		1,898
Noncurrent portion, net	$	279	$	260

_________________________

(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 April 30,				Six Months Ended April 30,
(in millions)	2019		2018		2019		2018
Retail notes and finance leases revenue	$	15	$	13	$	29	$	24
Wholesale notes interest	31		24		62		49
Operating lease revenue	22		17		43		35
Retail and wholesale accounts interest	10		9		18		14
Gross finance revenues	78		63		152		122
Less: Intercompany revenues	30		23		57		44
Finance revenues	$	48	$	40	$	95	$	78