Finance Receivables (Tables)

6 Months Ended

Apr. 30, 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 April 30, 2020		As of October 31, 2019
Retail portfolio	$	478	$	854
Wholesale portfolio	1,165		1,366
Total finance receivables	1,643		2,220
Less: Allowance for doubtful accounts	23		23
Total finance receivables, net	1,620		2,197
Less: Current portion, net(A)	1,416		1,923
Noncurrent portion, net	$	204	$	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 April 30,				Six Months Ended April 30,
(in millions)	2020		2019		2020		2019
Retail notes and finance leases revenue	$	18	$	15	$	34	$	29
Wholesale notes interest	19		31		35		62
Operating lease revenue	23		22		44		43
Retail and wholesale accounts interest	4		10		8		18
Gross finance revenues	64		78		121		152
Less: Intercompany revenues	14		30		25		57
Finance revenues	$	50	$	48	$	96	$	95