Leases (Tables)

6 Months Ended

Apr. 30, 2020

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The following table presents future minimum lease payments:

	As of October 31, 2019
(in millions)	Capital Lease Obligations		Operating Leases
2020	$	1	$	37
2021	1		28
2022	—		22
2023	—		18
2024	—		13
Thereafter	—		31
Total future minimum lease payments	$	2	$	149

Assets And Liabilities, Lessee [Table Text Block]

The following table presents the weighted-average remaining lease term and discount rate:

	As of April 30, 2020
	Finance Leases		Operating Leases
Weighted-average remaining lease term	9.0 years		5.7 years
Weighted-average discount rate	5.9	%	4.3	%

The following table presents balance sheet information related to operating leases:

(in millions)	As of April 30, 2020
Operating lease right of use assets	$	121
Finance lease right of use assets(A)	2
Total right of use assets	$	123
Operating lease liabilities
Other current liabilities	$	30
Other noncurrent liabilities	94
Finance lease liabilities
Notes payable and current maturities of long-term debt	1
Long-term debt	1
Total lease liabilities	$	126

_________________________

(A)

Finance lease right of use assets are included in Property and Equipment, net on our Consolidated Balance Sheets.

Operating Lease, Lease Income [Table Text Block]

The following table presents revenue from finance and operating leases, included in our Consolidated Statement of Operations:

	Three Months Ended April 30, 2020				Six Months Ended April 30, 2020
(in millions)	Finance Leases(A)		Operating Leases		Finance Leases(A)		Operating Leases
Sales of manufactured products, net	$	—	$	4	$	—	$	12
Finance revenues	11		22		18		41
Other expense, net	—		2		—		3
Total lease revenue	$	11	$	28	$	18	$	56

_______________________

(A) Finance revenues consist primarily of interest income. Additional fees, such as late fees, are not material to our consolidated financial statements.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table presents maturities of lease liabilities:

	As of April 30, 2020
(in millions)	Finance Leases		Operating Leases
Remainder of 2020	$	—	$	17
2021	1		33
2022	1		25
2023	—		20
2024	—		13
Thereafter	—		32
Total lease payments	2		140
Less: Present value discount	—		16
Total lease liabilities	$	2	$	124

Finance Lease, Liability, Maturity [Table Text Block]

The following table presents maturities of lease liabilities:

	As of April 30, 2020
(in millions)	Finance Leases		Operating Leases
Remainder of 2020	$	—	$	17
2021	1		33
2022	1		25
2023	—		20
2024	—		13
Thereafter	—		32
Total lease payments	2		140
Less: Present value discount	—		16
Total lease liabilities	$	2	$	124

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The following table presents future minimum lease payments:

	As of October 31, 2019
(in millions)	Capital Lease Obligations		Operating Leases
2020	$	1	$	37
2021	1		28
2022	—		22
2023	—		18
2024	—		13
Thereafter	—		31
Total future minimum lease payments	$	2	$	149

Lease, Cost [Table Text Block]

The following table presents cash flow information related to leases:

(in millions)	Three Months Ended April 30, 2020		Six Months Ended April 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	10	$	19
Right of use assets obtained in exchange for lease liabilities
Operating leases	$	24	$	28

Lessor, Operating Lease, Carrying Value of Assets Subject to Leases [Table Text Block]

he carrying amount of equipment leased to others, included in Property Plant and Equipment, net in our Consolidated Balance Sheets:

(in millions)	April 30, 2020		October 31, 2019
Equipment leased to others, at original cost	$	484	$	562
Less: Accumulated depreciation	118		125
Equipment leased to others, net	$	366	$	437

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

The following table presents payments due from operating leases:

(in millions)	April 30, 2020
Remainder of 2020	$	64
2021	81
2022	71
2023	52
2024	31
Thereafter	43
Total	$	342

Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block]

The following table presents maturities of finance lease receivables reconciled to the net investment in finance leases:

(in millions)	April 30, 2020
Remainder of 2020	$	74
2021	62
2022	44
2023	22
2024	9
Thereafter	2
Total	213
Less: Unearned interest income	43
Net investment in finance leases	$	170