Segment Reporting (Tables)

9 Months Ended

Jul. 31, 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 July 31, 2019
External sales and revenues, net	$	2,342	$	569	$	82	$	46	$	3		$	3,042
Intersegment sales and revenues	45		2		8		28		(83		)	—
Total sales and revenues, net	$	2,387	$	571	$	90	$	74	$	(80	)	$	3,042
Net income (loss) attributable to NIC	$	167	$	149	$	1	$	30	$	(191	)	$	156
Income tax expense	—		—		—		—		(29		)	(29		)
Segment profit (loss)	$	167	$	149	$	1	$	30	$	(162	)	$	185
Depreciation and amortization	$	26	$	1	$	3	$	16	$	1		$	47
Interest expense	—		—		—		27		49			76
Equity in income of non-consolidated affiliates	—		1		—		—		—			1
Capital expenditures(B)	17		2		1		—		4			24

(in millions)	Truck		Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Three Months Ended July 31, 2018
External sales and revenues, net	$	1,894	$	603	$	68		$	40	$	1		$	2,606
Intersegment sales and revenues	22		2		21			25		(70		)	—
Total sales and revenues, net	$	1,916	$	605	$	89		$	65	$	(69	)	$	2,606
Net income (loss) attributable to NIC	$	165	$	144	$	4		$	23	$	(166	)	$	170
Income tax expense	—		—		—			—		(3		)	(3		)
Segment profit (loss)	$	165	$	144	$	4		$	23	$	(163	)	$	173
Depreciation and amortization	$	31	$	2	$	3		$	14	$	1		$	51
Interest expense	—		—		—			22		60			82
Equity in income (loss) of non-consolidated affiliates	1		1		(2		)	—		—			—
Capital expenditures(B)	19		—		1			1		5			26

(in millions)	Truck		Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Nine Months Ended July 31, 2019
External sales and revenues, net	$	6,405	$	1,693	$	223		$	141	$	9		$	8,471
Intersegment sales and revenues	75		5		27			85		(192		)	—
Total sales and revenues, net	$	6,480	$	1,698	$	250		$	226	$	(183	)	$	8,471
Net income (loss) attributable to NIC	$	183	$	437	$	10		$	93	$	(604	)	$	119
Income tax expense	—		—		—			—		(9		)	(9		)
Segment profit (loss)	$	183	$	437	$	10		$	93	$	(595	)	$	128
Depreciation and amortization	$	78	$	4	$	7		$	48	$	7		$	144
Interest expense	—		—		—			83		160			243
Equity in income (loss) of non-consolidated affiliates	3		2		(1		)	—		—			4
Capital expenditures(B)	69		3		2			2		14			90

(in millions)	Truck			Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Nine Months Ended July 31, 2018
External sales and revenues, net	$	4,810		$	1,768	$	229		$	118	$	8		$	6,933
Intersegment sales and revenues	61			6		38			69		(174		)	—
Total sales and revenues, net	$	4,871		$	1,774	$	267		$	187	$	(166	)	$	6,933
Net income (loss) attributable to NIC	$	200		$	413	$	(2	)	$	62	$	(521	)	$	152
Income tax expense	—			—		—			—		(25		)	(25		)
Segment profit (loss)	$	200		$	413	$	(2	)	$	62	$	(496	)	$	177
Depreciation and amortization	$	100		$	5	$	8		$	41	$	6		$	160
Interest expense	—		—	—		—			64		176			240
Equity in income (loss) of non-consolidated affiliates	2			2		(4		)	—		—			—
Capital expenditures(B)	74			1		2			1		1			79

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(A) Total sales and revenues in the Financial Services segment include interest revenues of $53 million and $161 million for the three and nine months ended July 31, 2019, respectively, and $46 million and $131 million for the three and nine months ended July 31, 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:
July 31, 2019	$	1,942	$	686	$	322	$	3,010	$	1,334	$	7,294
October 31, 2018	2,085		636		331		2,648		1,530		7,230