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Allowance for Doubtful Accounts
 9 Months Ended
Jul. 31, 2020
Allowance for Doubtful Accounts [Abstract]  
Allowance for Doubtful Accounts Allowance for Doubtful Accounts
Our two finance receivables portfolio segments, retail and wholesale, each consist of one class of receivable based on: (i) initial measurement attributes of the receivables, and (ii) the assessment and monitoring of risk and performance of the receivables. For more information, see Note 4, Finance Receivables.
The following tables present the activity related to our allowance for doubtful accounts for our retail portfolio segment, wholesale portfolio segment, and trade and other receivables:
 
Three Months Ended July 31, 2020
 
Three Months Ended July 31, 2019
(in millions)
Retail
Portfolio
 
Wholesale
Portfolio
 
Trade and
Other
Receivables
 
Total
 
Retail
Portfolio
 
Wholesale
Portfolio
 
Trade and
Other
Receivables
 
Total
Allowance for doubtful accounts at beginning of period
$
21

 
$
2

 
$
20

 
$
43

 
$
22

 
$
3

 
$
29

 
$
54

Provision for doubtful accounts
4

 
—

 
—

 
4

 
1

 
—

 
1

 
2

Charge-offs
(4
)
 
—

 
—

 
(4
)
 
(2
)
 
—

 
—

 
(2
)
Recoveries
1

 
—

 
—

 
1

 
1

 
—

 
—

 
1

Other(A)
1

 
—

 
—

 
1

 
(1
)
 
—

 
2

 
1

Allowance for doubtful accounts at end of period
$
23

 
$
2

 
$
20

 
$
45

 
$
21

 
$
3

 
$
32

 
$
56


 
Nine Months Ended July 31, 2020
 
Nine Months Ended July 31, 2019
(in millions)
Retail
Portfolio
 
Wholesale
Portfolio
 
Trade and
Other
Receivables
 
Total
 
Retail
Portfolio
 
Wholesale
Portfolio
 
Trade and
Other
Receivables
 
Total
Allowance for doubtful accounts at beginning of period
$
20

 
$
3

 
$
21

 
$
44

 
$
19

 
$
3

 
$
28

 
$
50

Provision for doubtful accounts
11

 
(1
)
 
3

 
13

 
5

 
—

 
3

 
8

Charge-offs
(7
)
 
—

 
—

 
(7
)
 
(4
)
 
—

 
(1
)
 
(5
)
Recoveries
1

 
—

 
—

 
1

 
1

 
—

 
—

 
1

Other(A)
(2
)
 
—

 
(4
)
 
(6
)
 
—

 
—

 
2

 
2

Allowance for doubtful accounts at end of period
$
23

 
$
2

 
$
20

 
$
45

 
$
21

 
$
3

 
$
32

 
$
56

____________________
(A) Amounts include the impact from currency translation.
The accrual of interest income is suspended on certain impaired finance receivables. Impaired finance receivables include accounts with specific loss reserves and certain accounts that are on non-accrual status. We may continue to collect payments on our impaired finance receivables. Certain loss reserves on impaired finance receivables are recorded by our Truck segment under trade and other receivables above.
The following table presents information regarding impaired finance receivables:
 
July 31, 2020
 
October 31, 2019
(in millions)
Retail
Portfolio
 
Wholesale
Portfolio
 
Total
 
Retail
Portfolio
 
Wholesale
Portfolio
 
Total
Impaired finance receivables with specific loss reserves
$
39

 
$
—

 
$
39

 
$
23

 
$
—

 
$
23

Impaired finance receivables without specific loss reserves
—

 
—

 
—

 
1

 
—

 
1

Specific loss reserves on impaired finance receivables
16

 
—

 
16

 
11

 
—

 
11

Finance receivables on non-accrual status
39

 
—

 
39

 
24

 
—

 
24


The average balances of the impaired finance receivables in the retail portfolio were $29 million and $21 million during the nine months ended July 31, 2020 and 2019, respectively. See Note 11, Fair Value Measurements, for information on the valuation of impaired finance receivables.
In response to the COVID-19 pandemic, we have granted limited payment extensions to certain customers who were not past due before the pandemic. There was no forgiveness of principal or interest in connection with these extensions. As a result, we concluded that these extensions were not troubled debt restructurings ("TDR"). We have TDRs in the normal course of our Financial Services operations; however, such amounts are not material.
We use the aging of our receivables as well as other inputs when assessing credit quality. The following table presents the aging analysis for finance receivables:
 
July 31, 2020
 
October 31, 2019
(in millions)
Retail
Portfolio
 
Wholesale
Portfolio
 
Total
 
Retail
Portfolio
 
Wholesale
Portfolio
 
Total
Current, and up to 30 days past due
$
485

 
$
1,127

 
$
1,612

 
$
753

 
$
1,365

 
$
2,118

30-90 days past due
42

 
1

 
43

 
76

 
1

 
77

Over 90 days past due
23

 
—

 
23

 
25

 
—

 
25

Total finance receivables
$
550

 
$
1,128

 
$
1,678

 
$
854

 
$
1,366

 
$
2,220