Leases (Tables)

9 Months Ended

Jul. 31, 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 balance sheet information related to operating leases:

(in millions)	As of July 31, 2020
Operating lease right of use assets	$	119
Finance lease right of use assets(A)	2
Total right of use assets	$	121
Operating lease liabilities
Other current liabilities	$	30
Other noncurrent liabilities	92
Finance lease liabilities
Notes payable and current maturities of long-term debt	1
Long-term debt	1
Total lease liabilities	$	124

_________________________

(A)

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

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

	As of July 31, 2020
	Finance Leases		Operating Leases
Weighted-average remaining lease term	9.0 years		5.6 years
Weighted-average discount rate	5.9	%	4.4	%

Operating Lease, Lease Income [Table Text Block]

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

	Three Months Ended July 31, 2020				Nine Months Ended July 31, 2020
(in millions)	Finance Leases(A)		Operating Leases		Finance Leases(A)		Operating Leases
Sales of manufactured products, net	$	—	$	4	$	—	$	16
Finance revenues	7		16		25		57
Other expense, net	—		1		—		4
Total lease revenue	$	7	$	21	$	25	$	77

_______________________

(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 July 31, 2020
(in millions)	Finance Leases		Operating Leases
Remainder of 2020	$	—	$	8
2021	1		35
2022	1		27
2023	—		21
2024	—		14
Thereafter	—		33
Total lease payments	2		138
Less: Present value discount	—		16
Total lease liabilities	$	2	$	122

Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

The following table presents maturities of lease liabilities:

	As of July 31, 2020
(in millions)	Finance Leases		Operating Leases
Remainder of 2020	$	—	$	8
2021	1		35
2022	1		27
2023	—		21
2024	—		14
Thereafter	—		33
Total lease payments	2		138
Less: Present value discount	—		16
Total lease liabilities	$	2	$	122

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 July 31, 2020		Nine Months Ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	11	$	30
Right of use assets obtained in exchange for lease liabilities
Operating leases	$	7	$	35

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)	July 31, 2020		October 31, 2019
Equipment leased to others, at original cost	$	546	$	562
Less: Accumulated depreciation	127		125
Equipment leased to others, net	$	419	$	437

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]

The following table presents payments due from operating leases:

(in millions)	July 31, 2020
Remainder of 2020	$	47
2021	84
2022	75
2023	61
2024	35
Thereafter	47
Total	$	349

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)	July 31, 2020
Remainder of 2020	$	72
2021	70
2022	49
2023	28
2024	13
Thereafter	3
Total	235
Less: Unearned interest income	50
Net investment in finance leases	$	185