Segment Reporting (Tables)

3 Months Ended

Jan. 31, 2020

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 January 31, 2020
External sales and revenues, net	$	1,238		$	492	$	61	$	46	$	1		$	1,838
Intersegment sales and revenues	4			1		7		11		(23		)	—
Total sales and revenues, net	$	1,242		$	493	$	68	$	57	$	(22	)	$	1,838
Net income (loss) attributable to NIC	$	(58	)	$	119	$	—	$	17	$	(114	)	$	(36	)
Income tax benefit	—			—		—		—		5			5
Segment profit (loss)	$	(58	)	$	119	$	—	$	17	$	(119	)	$	(41	)
Depreciation and amortization	$	27		$	2	$	2	$	17	$	2		$	50
Interest expense	—			—		—		19		46			65
Equity in loss of non-consolidated affiliates	(1		)	—		—		—		—			(1		)
Capital expenditures(B)	47			5		1		—		6			59

(in millions)	Truck		Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Three Months Ended January 31, 2019
External sales and revenues, net	$	1,776	$	546	$	61		$	47	$	3		$	2,433
Intersegment sales and revenues	21		2		12			27		(62		)	—
Total sales and revenues, net	$	1,797	$	548	$	73		$	74	$	(59	)	$	2,433
Net income (loss) attributable to NIC	$	90	$	144	$	6		$	31	$	(260	)	$	11
Income tax benefit	—		—		—			—		19			19
Segment profit (loss)	$	90	$	144	$	6		$	31	$	(279	)	$	(8	)
Depreciation and amortization	$	26	$	1	$	2		$	16	$	3		$	48
Interest expense	—		—		—			29		56			85
Equity in income (loss) of non-consolidated affiliates	1		1		(1		)	—		(1		)	—
Capital expenditures(B)	31		2		1			1		9			44

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(A) Total sales and revenues in the Financial Services segment include interest revenues of $35 million and $53 million for the three months ended January 31, 2020, and 2019, 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:
January 31, 2020	$	1,844	$	705	$	274	$	2,380	$	1,160	$	6,363
October 31, 2019	1,705		688		296		2,774		1,454		6,917