Finance Receivables (Tables)

9 Months Ended

Jul. 31, 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 July 31, 2019		As of October 31, 2018
Retail portfolio	$	851	$	720
Wholesale portfolio	1,635		1,460
Total finance receivables	2,486		2,180
Less: Allowance for doubtful accounts	24		22
Total finance receivables, net	2,462		2,158
Less: Current portion, net(A)	2,187		1,898
Noncurrent portion, net	$	275	$	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 July 31,				Nine Months Ended July 31,
(in millions)	2019		2018		2019		2018
Retail notes and finance leases revenue	$	16	$	12	$	45	$	36
Wholesale notes interest	31		26		93		75
Operating lease revenue	19		19		62		54
Retail and wholesale accounts interest	8		8		26		22
Gross finance revenues	74		65		226		187
Less: Intercompany revenues	28		25		85		69
Finance revenues	$	46	$	40	$	141	$	118