Investments in Non-Consolidated Affiliates (Notes)

12 Months Ended

Oct. 31, 2020

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

. Investments in Non-consolidated Affiliates

Investments in non-consolidated affiliates is comprised of our interests in partially-owned affiliates of which our ownership percentages range from 30% to 50%. We do not control these affiliates, but have the ability to exercise significant influence over their operating and financial policies. We account for them using the equity method of accounting. We made no new and incremental investments in these non-consolidated affiliates for 2020 and 2019.

The following table summarizes 100% of the combined assets, liabilities, and equity of our equity method affiliates as of October 31:

	(Unaudited)
(in millions)	2020		2019
Assets:
Current assets	$	158	$	186
Noncurrent assets	92		128
Total assets	$	250	$	314
Liabilities and equity:
Current liabilities	$	73	$	96
Noncurrent liabilities	58		93
Total liabilities	131		189
Partners' capital and stockholders' equity:
NIC	31		32
Third parties	88		93
Total partners' capital and stockholders' equity	119		125
Total liabilities and equity	$	250	$	314

The following table summarizes 100% of the combined results of operations of our equity method affiliates for the years ended October 31:

	(Unaudited)
(in millions)	2020		2019		2018
Net sales	$	348	$	391	$	505
Costs, expenses, and income tax expense	344		385		507
Net income (loss)	$	4	$	6	$	(2	)

We recorded sales to certain of these affiliates totaling $45 million, $61 million, and $4 million in 2020, 2019, and 2018, respectively. We also purchased $74 million, $123 million, and $166 million of products and services from certain of these affiliates in 2020, 2019, and 2018, respectively.

Amounts due to and due from our affiliates arising from the sale and purchase of products and services as of October 31 are as follows:

(in millions)	2020		2019
Receivables due from affiliates	$	7	$	32
Payables due to affiliates	8		13