Investments in Non-Consolidated Affiliates (Notes)

12 Months Ended

Oct. 31, 2019

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

. Investments in Non-consolidated Affiliates

Investments in non-consolidated affiliates is comprised of our interests in partially-owned affiliates of which our ownership percentages range from 30% to 50%. We do not control these affiliates, but have the ability to exercise significant influence over their operating and financial policies. We account for them using the equity method of accounting. We made no new and incremental investments in these non-consolidated affiliates for 2019 and 2018.

The following table summarizes 100% of the combined assets, liabilities, and equity of our equity method affiliates as of October 31:

	(Unaudited)
(in millions)	2019		2018
Assets:
Current assets	$	186	$	336
Noncurrent assets	128		168
Total assets	$	314	$	504
Liabilities and equity:
Current liabilities	$	96	$	307
Noncurrent liabilities	93		38
Total liabilities	189		345
Partners' capital and stockholders' equity:
NIC	32		53
Third parties	93		106
Total partners' capital and stockholders' equity	125		159
Total liabilities and equity	$	314	$	504

The following table summarizes 100% of the combined results of operations of our equity method affiliates for the years ended October 31:

	(Unaudited)
(in millions)	2019		2018			2017
Net sales	$	391	$	505		$	497
Costs, expenses, and income tax expense	385		507			488
Net income (loss)	$	6	$	(2	)	$	9

We recorded sales to certain of these affiliates totaling $61 million, $4 million, and $5 million in 2019, 2018, and 2017, respectively. We also purchased $123 million, $166 million, and $156 million of products and services from certain of these affiliates in 2019, 2018, and 2017, respectively.

Amounts due to and due from our affiliates arising from the sale and purchase of products and services as of October 31 are as follows:

(in millions)	2019		2018
Receivables due from affiliates	$	32	$	1
Payables due to affiliates	13		22