XML 42 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Finance Receivables (Tables)
 3 Months Ended
Jan. 31, 2020
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 January 31, 2020
 
As of October 31, 2019
Retail portfolio
$
698

 
$
854

Wholesale portfolio
1,210

 
1,366

Total finance receivables
1,908

 
2,220

Less: Allowance for doubtful accounts
25

 
23

Total finance receivables, net
1,883

 
2,197

Less: Current portion, net(A)
1,615

 
1,923

Noncurrent portion, net
$
268

 
$
274

_________________________
(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 from our Financial Services segment:
 
Three Months Ended January 31,
(in millions)
2020

2019
Retail notes and finance leases revenue
$
16

 
$
14

Wholesale notes interest
16

 
31

Operating lease revenue
21

 
21

Retail and wholesale accounts interest
4

 
8

Gross finance revenues
57

 
74

Less: Intercompany revenues
11

 
27

Finance revenues
$
46

 
$
47