XML 115 R92.htm IDEA: XBRL DOCUMENT v3.20.4
Debt - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 31, 2020
USD ($)
Oct. 31, 2019
USD ($)
May 31, 2019
USD ($)
Oct. 31, 2019
USD ($)
Jan. 31, 2019
USD ($)
Jan. 31, 2018
USD ($)
Apr. 30, 2014
USD ($)
Oct. 31, 2020
USD ($)
$ / shares
Oct. 31, 2019
USD ($)
Oct. 31, 2018
USD ($)
Jun. 30, 2019
USD ($)
Apr. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Sep. 30, 2018
USD ($)
Jul. 31, 2018
USD ($)
Jul. 31, 2017
USD ($)
Feb. 28, 2017
USD ($)
Dec. 31, 2016
USD ($)
Jan. 31, 2015
USD ($)
Apr. 30, 2013
Aug. 31, 2012
USD ($)
Debt Instrument [Line Items]                                          
Debt Instrument, Coupon Rate, Increase (Decrease)         0.0675 0.0650                              
Long-Term Debt, Maturity, Year One $ 640,000,000             $ 640,000,000                          
Amortization               0 $ 0 $ 2,000,000                      
Line of Credit Facility, Increase (Decrease) for Period, Description         $ 1,700,000,000                                
Debt Instrument, Unamortized Discount 43,000,000             43,000,000                          
Payments of Debt Issuance Costs               18,000,000 9,000,000 41,000,000                      
Long-term Debt 5,330,000,000             5,330,000,000                          
Proceeds from issuance of securitized debt               389,000,000 363,000,000 339,000,000                      
Long-Term Debt, Maturity, Year Two 460,000,000             460,000,000                          
Long-Term Debt, Maturity, Year Three 238,000,000             238,000,000                          
Long-Term Debt, Maturity, Year Four 615,000,000             615,000,000                          
Long-Term Debt, Maturity, Year Five 619,000,000             619,000,000                          
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five 2,801,000,000             2,801,000,000                          
Long-term Debt, Gross 5,373,000,000             5,373,000,000                          
Payments to subsidiary to meet convenant requirement               0 0 0                      
Payments of Dividends 30,000,000 $ 20,000,000                                      
Write-off of debt issuance cost and discount               $ 5,000,000 6,000,000 43,000,000                      
Four Point Seven Five Senior Subordinated Convertible Notes [Member] [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Convertible, Conversion Ratio       18.4946                                  
Option Indexed to Issuer's Equity, Strike Price | $ / shares               $ 54.07                          
Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Long-Term Debt, Maturity, Year One 45,000,000             $ 45,000,000                          
Debt Instrument, Unamortized Discount 39,000,000             39,000,000                          
Long-term Debt 3,496,000,000             3,496,000,000                          
Long-Term Debt, Maturity, Year Two 28,000,000             28,000,000                          
Long-Term Debt, Maturity, Year Three 27,000,000             27,000,000                          
Long-Term Debt, Maturity, Year Four 18,000,000             18,000,000                          
Long-Term Debt, Maturity, Year Five 616,000,000             616,000,000                          
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five 2,801,000,000             2,801,000,000                          
Long-term Debt, Gross 3,535,000,000             3,535,000,000                          
Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Long-Term Debt, Maturity, Year One 595,000,000             595,000,000                          
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position   1,100,000,000   $ 1,100,000,000         1,100,000,000 1,300,000,000                      
Debt Instrument, Unamortized Discount 4,000,000             4,000,000                          
Long-term Debt 1,834,000,000             1,834,000,000                          
Long-Term Debt, Maturity, Year Two 432,000,000             432,000,000                          
Long-Term Debt, Maturity, Year Three 211,000,000             211,000,000                          
Long-Term Debt, Maturity, Year Four 597,000,000             597,000,000                          
Long-Term Debt, Maturity, Year Five 3,000,000             3,000,000                          
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five 0             0                          
Long-term Debt, Gross 1,838,000,000             1,838,000,000                          
Financial Services Operations | Trac Funding Facility [Member]                                          
Debt Instrument [Line Items]                                          
Line of Credit Facility, Maximum Borrowing Capacity   200,000,000   200,000,000         200,000,000     $ 150,000,000 $ 100,000,000                
Repayments of Long-term Lines of Credit               334,000,000 743,000,000 336,000,000                      
Debt Instrument, Increase (Decrease), Net               294,000,000 800,000,000 336,000,000                      
Financial Services Operations | VFN Facility [Member]                                          
Debt Instrument [Line Items]                                          
Line of Credit Facility, Maximum Borrowing Capacity 300,000,000 1,495,000,000   1,495,000,000   $ 350,000,000   300,000,000 1,495,000,000 590,000,000 $ 350,000,000 $ 550,000,000                  
Repayments of Long-term Lines of Credit               515,000,000 1,540,000,000 455,000,000                      
Debt Instrument, Face Amount           425,000,000                              
Financial Services Operations | Revolving Credit Facility [Member]                                          
Debt Instrument [Line Items]                                          
Line of Credit Facility, Maximum Borrowing Capacity           100,000,000                              
Revolving Credit Facility [Member] | Financial Services Operations | Bank Facility [Member]                                          
Debt Instrument [Line Items]                                          
Line of Credit Facility, Maximum Borrowing Capacity 538,000,000 623,000,000 $ 748,000,000 623,000,000       538,000,000 623,000,000           $ 269,000,000     $ 275,000,000      
Term Loan [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Long-term Line of Credit           1,600,000,000                              
Amortization         4,000,000                                
Extinguishment of Debt, Amount           16,000,000                              
Long-term Debt 1,543,000,000 1,556,000,000   1,556,000,000       1,543,000,000 1,556,000,000                        
Write-off of debt issuance cost and discount               5,000,000                          
Term Loan [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Long-term Debt     398,000,000                                    
Write-off of debt issuance cost and discount     $ 6,000,000                                    
Asset-Based Credit Facility [Member]                                          
Debt Instrument [Line Items]                                          
Repayments of Long-term Lines of Credit               60,000,000                          
Line of Credit Facility, Current Borrowing Capacity                   125,000,000                      
Debt Instrument, Liquidity Block                                         $ 13,000,000
Long-term Line of Credit 0             0   0                      
Proceeds from Lines of Credit               60,000,000                          
Line of Credit [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Unamortized Discount   0   0         0 7,000,000                      
Debt Issuance Costs, Net   0   0         0 9,000,000                      
Line of Credit [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Debt Issuance Costs, Net   2,000,000   2,000,000         2,000,000 $ 2,000,000                      
Long-term Debt 940,000,000 1,059,000,000   1,059,000,000       940,000,000 1,059,000,000                        
Notes Payable to Banks [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Extinguishment of Debt, Amount           30,000,000                              
Long-term Debt $ 1,087,000,000 $ 1,085,000,000   $ 1,085,000,000       $ 1,087,000,000 $ 1,085,000,000                        
Notes Issued         $ 1,100,000,000 $ 1,450,000,000                              
Notes Payable to Banks [Member] | Manufacturing Operations [Member] | Six Point Six Two Five Senior Subordinated Convertible Notes [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Interest Rate, Stated Percentage   6.625%   6.625%         6.625% 6.625%                      
Notes Payable to Banks [Member] | Manufacturing Operations [Member] | Eight Point Two Five Percent Senior Notes [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Unamortized Discount   $ 0   $ 0         $ 0 $ 13,000,000                      
Debt Issuance Costs, Net   $ 0   $ 0         $ 0 14,000,000                      
Debt Instrument, Interest Rate, Stated Percentage   8.25%   8.25%         8.25%                        
Convertible Subordinated Debt [Member] | Four Point Seven Five Senior Subordinated Convertible Notes [Member] [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Unamortized Discount   $ 1,000,000   $ 1,000,000         $ 1,000,000                        
Convertible Subordinated Debt [Member] | Manufacturing Operations [Member] | Six Point Six Two Five Senior Subordinated Convertible Notes [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Interest Rate, Stated Percentage 6.625%             6.625%                          
Convertible Subordinated Debt [Member] | Manufacturing Operations [Member] | Four Point Five Zero Senior Subordinated Convertible Notes [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Unamortized Discount   0   0         0 5,000,000                      
Debt Issuance Costs, Net   $ 0   $ 0         $ 0 $ 1,000,000                      
Debt Instrument, Interest Rate, Stated Percentage   4.50%   4.50%         4.50% 4.75%                      
Long-term Debt, Fair Value             $ 177,000,000                            
Convertible Subordinated Debt [Member] | Manufacturing Operations [Member] | Four Point Seven Five Senior Subordinated Convertible Notes [Member] [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Unamortized Discount   $ 5,000,000   $ 5,000,000         $ 5,000,000 $ 14,000,000                      
Debt Issuance Costs, Net   $ 1,000,000   $ 1,000,000         $ 1,000,000 3,000,000                      
Debt Instrument, Interest Rate, Stated Percentage   4.75%   4.75%         4.75%                        
Long-term Debt, Fair Value             367,000,000                            
Debt Instrument, Convertible, Carrying Amount of Equity Component   $ 44,000,000   $ 44,000,000     22,000,000   $ 44,000,000                        
Notes Payable, Other Payables [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Long-term Debt $ 9,000,000 11,000,000   11,000,000       $ 9,000,000 11,000,000                        
Notes Payable, Other Payables [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Face Amount   300,000,000   300,000,000         300,000,000         $ 300,000,000   $ 250,000,000          
Tax Exempt Bond [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Issuance Costs, Net   $ 5,000,000   $ 5,000,000         $ 5,000,000 $ 5,000,000                      
Debt Instrument, Interest Rate, Stated Percentage   6.75%   6.75%         6.75% 6.75%                      
Long-term Debt 0 $ 220,000,000   $ 220,000,000       0 $ 220,000,000                        
Secured Debt [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Debt Issuance Costs, Net   4,000,000   4,000,000         4,000,000 $ 5,000,000                      
Long-term Debt 724,000,000 991,000,000   991,000,000       724,000,000 991,000,000                        
Base Rate [Member] | Term Loan [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Basis Spread on Variable Rate           2.50%                              
Eurodollar [Member] | Term Loan [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Basis Spread on Variable Rate           3.50%                              
Additional Paid-in Capital | Convertible Subordinated Debt [Member] | Manufacturing Operations [Member] | Four Point Seven Five Senior Subordinated Convertible Notes [Member] [Member]                                          
Debt Instrument [Line Items]                                          
Debt Related Commitment Fees and Debt Issuance Costs             $ 1,000,000                            
United States Dollars and Mexican Pesos [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Long-term Debt $ 402,000,000 437,000,000   437,000,000       $ 402,000,000 437,000,000                        
Mexico, Pesos                                          
Debt Instrument [Line Items]                                          
Commercial Paper   $ 3,000,000,000.0   $ 3,000,000,000.0         $ 3,000,000,000.0                   $ 1,800,000,000    
Mexico, Pesos | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Debt instrument, percentage of borrowings denominated in countries currency 80.00% 89.00%   89.00%       80.00% 89.00%                        
United States of America, Dollars                                          
Debt Instrument [Line Items]                                          
Commercial Paper $ 140,000,000             $ 140,000,000                 $ 84,000,000        
United States of America, Dollars | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Debt instrument, percentage of borrowings denominated in countries currency 20.00% 11.00%   11.00%       20.00% 11.00%                        
International Truck Leasing Corporation [Member] | Financial Services Operations                                          
Debt Instrument [Line Items]                                          
Proceeds from issuance of securitized debt               $ 61,000,000 $ 31,000,000                        
Secured Debt $ 117,000,000 $ 91,000,000   $ 91,000,000       117,000,000 91,000,000                        
Loans Pledged as Collateral $ 144,000,000 109,000,000   109,000,000       $ 144,000,000 109,000,000                        
Navistar Financial Corporation [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Covenant Compliance, Fixed Charge Coverage Ratio, Maximum 125.00%             125.00%                          
Navistar Financial Corporation [Member] | Secured Debt [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Face Amount $ 53,000,000 31,000,000   31,000,000       $ 53,000,000 31,000,000                        
Debt Instrument, Collateral Amount $ 51,000,000 $ 30,000,000   $ 30,000,000       51,000,000 30,000,000                        
Debt Instrument, Increase (Decrease), Net               $ 28,000,000 $ 31,000,000                        
Interest Rate Floor [Member] | Financed lease obligations [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Interest Rate, Stated Percentage                                       3.77%  
Interest Rate Cap [Member] | Financed lease obligations [Member] | Manufacturing Operations [Member]                                          
Debt Instrument [Line Items]                                          
Debt Instrument, Interest Rate, Stated Percentage                                       5.91%  
Affiliated Entity [Member] | NFM [Member] | Secured Debt [Member]                                          
Debt Instrument [Line Items]                                          
Long-term Debt                   $ 13,000,000