Finance Receivables (Tables)

12 Months Ended

Oct. 31, 2020

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

ur Finance receivables, net in our Consolidated Balance Sheets consist of the following:

	As of October 31,
(in millions)	2020		2019
Retail portfolio	$	622	$	854
Wholesale portfolio	1,025		1,366
Total finance receivables	1,647		2,220
Less: Allowance for doubtful accounts	25		23
Total finance receivables, net	1,622		2,197
Less: Current portion, net(A)	1,371		1,923
Noncurrent portion, net	$	251	$	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 portion of Finance revenues from our Financial Services segment:

	As of October 31,
(in millions)	2020		2019		2018
Retail notes and finance leases revenue	$	63	$	60	$	50
Wholesale notes interest	59		118		105
Operating lease revenue	85		86		72
Retail and wholesale accounts interest	10		33		30
Gross finance revenues	217		297		257
Less: Intercompany revenues	40		104		97
Finance revenues	$	177	$	193	$	160