Finance Receivables (Tables)

9 Months Ended

Jul. 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 July 31, 2020		As of October 31, 2019
Retail portfolio	$	550	$	854
Wholesale portfolio	1,128		1,366
Total finance receivables	1,678		2,220
Less: Allowance for doubtful accounts	25		23
Total finance receivables, net	1,653		2,197
Less: Current portion, net(A)	1,403		1,923
Noncurrent portion, net	$	250	$	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 July 31,				Nine Months Ended July 31,
(in millions)	2020		2019		2020		2019
Retail notes and finance leases revenue	$	14	$	16	$	48	$	45
Wholesale notes interest	14		31		49		93
Operating lease revenue	20		19		64		62
Retail and wholesale accounts interest	1		8		9		26
Gross finance revenues	49		74		170		226
Less: Intercompany revenues	10		28		35		85
Finance revenues	$	39	$	46	$	135	$	141