Segment Reporting (Tables)

6 Months Ended

Apr. 30, 2019

Segment Reporting [Abstract]

Schedule of selected financial information, by segment

We define segment profit (loss) as net income (loss) attributable to NIC, excluding income tax benefit (expense). Selected financial information from our Consolidated Statements of Operations and our Consolidated Balance Sheets is as follows:

(in millions)	Truck			Parts			Global Operations		Financial Services(A)		Corporate and Eliminations			Total
Three Months Ended April 30, 2019
External sales and revenues, net	$	2,287		$	578		$	80	$	48	$	3		$	2,996
Intersegment sales and revenues	9			1			7		30		(47		)	—
Total sales and revenues, net	$	2,296		$	579		$	87	$	78	$	(44	)	$	2,996
Net income (loss) attributable to NIC	$	(74	)	$	144		$	3	$	32	$	(153	)	$	(48	)
Income tax benefit	—			—			—		—		1			1
Segment profit (loss)	$	(74	)	$	144		$	3	$	32	$	(154	)	$	(49	)
Depreciation and amortization	$	26		$	2		$	2	$	16	$	3		$	49
Interest expense	—			—			—		27		55			82
Equity in income (loss) of non-consolidated affiliates	2			—			—		—		1			3
Capital expenditures(B)	21			(1		)	—		1		1			22

(in millions)	Truck		Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Three Months Ended April 30, 2018
External sales and revenues, net	$	1,688	$	601	$	89		$	40	$	4		$	2,422
Intersegment sales and revenues	16		—		8			23		(47		)	—
Total sales and revenues, net	$	1,704	$	601	$	97		$	63	$	(43	)	$	2,422
Net income (loss) attributable to NIC	$	42	$	132	$	1		$	19	$	(139	)	$	55
Income tax expense	—		—		—			—		(7		)	(7		)
Segment profit (loss)	$	42	$	132	$	1		$	19	$	(132	)	$	62
Depreciation and amortization	$	34	$	1	$	2		$	14	$	3		$	54
Interest expense	—		—		—			21		58			79
Equity in income (loss) of non-consolidated affiliates	1		—		(1		)	—		—			—
Capital expenditures(B)	30		1		—			—		(8		)	23

(in millions)	Truck		Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Six Months Ended April 30, 2019
External sales and revenues, net	$	4,063	$	1,124	$	141		$	95	$	6		$	5,429
Intersegment sales and revenues	30		3		19			57		(109		)	—
Total sales and revenues, net	$	4,093	$	1,127	$	160		$	152	$	(103	)	$	5,429
Net income (loss) attributable to NIC	$	16	$	288	$	9		$	63	$	(413	)	$	(37	)
Income tax benefit	—		—		—			—		20			20
Segment profit (loss)	$	16	$	288	$	9		$	63	$	(433	)	$	(57	)
Depreciation and amortization	$	52	$	3	$	4		$	32	$	6		$	97
Interest expense	—		—		—			56		111			167
Equity in income (loss) of non-consolidated affiliates	3		1		(1		)	—		—			3
Capital expenditures(B)	52		1		1			2		10			66

(in millions)	Truck			Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Six Months Ended April 30, 2018
External sales and revenues, net	$	2,916		$	1,165	$	161		$	78	$	7		$	4,327
Intersegment sales and revenues	39			4		17			44		(104		)	—
Total sales and revenues, net	$	2,955		$	1,169	$	178		$	122	$	(97	)	$	4,327
Net income (loss) attributable to NIC	$	35		$	269	$	(6	)	$	39	$	(355	)	$	(18	)
Income tax expense	—			—		—			—		(22		)	(22		)
Segment profit (loss)	$	35		$	269	$	(6	)	$	39	$	(333	)	$	4
Depreciation and amortization	$	69		$	3	$	5		$	27	$	5		$	109
Interest expense	—		—	—		—			42		116			158
Equity in income of non-consolidated affiliates	1			1		(2		)	—		—			—
Capital expenditures(B)	55			1		1			—		(4		)	53

_________________________

(A) Total sales and revenues in the Financial Services segment include interest revenues of $55 million and $108 million for the three and six months ended April 30, 2019, respectively, and $44 million and $85 million for the three and six months ended April 30, 2018, respectively.

(B) Exclusive of purchases of equipment leased to others.

(in millions)	Truck		Parts		Global Operations		Financial Services		Corporate and Eliminations		Total
Segment assets, as of:
April 30, 2019	$	2,120	$	650	$	306	$	2,930	$	1,060	$	7,066
October 31, 2018	2,085		636		331		2,648		1,530		7,230

(in millions)	Truck		Parts		Global Operations		Financial Services		Corporate and Eliminations		Total
Segment assets, as of:
April 30, 2019	$	2,120	$	650	$	306	$	2,930	$	1,060	$	7,066
October 31, 2018	2,085		636		331		2,648		1,530		7,230