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OTHER INCOME AND OTHER OPERATING EXPENSES | 12 Months Ended
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Oct. 31, 2014
OTHER INCOME AND OTHER OPERATING EXPENSES |
OTHER INCOME AND OTHER OPERATING EXPENSES | 9. OTHER INCOME AND OTHER OPERATING EXPENSES The major components of other income and other operating expenses consisted of the following in millions of dollars:
|  | 2014 |  | 2013 |  | 2012
Other income |  |  |  |  |  |
Insurance premiums and fees earned |  | $ | 297 |  | $ | 252 |  | $ | 248
Revenues from services |  | 276 |  | 256 |  | 233
Investment income |  | 17 |  | 15 |  | 14
Other |  | 234 |  | 159 |  | 180
Total |  | $ | 824 |  | $ | 682 |  | $ | 675
Other operating expenses |  |  |  |  |  |
Depreciation of equipment on operating leases |  | $ | 494 |  | $ | 389 |  | $ | 339
Insurance claims and expenses |  | 324 |  | 204 |  | 245
Cost of services |  | 151 |  | 143 |  | 122
Other |  | 124 |  | 85 |  | 76
Total |  | $ | 1,093 |  | $ | 821 |  | $ | 782
The company issues insurance policies for crop insurance and extended equipment warranties. The crop insurance subsidiary utilizes reinsurance to limit its losses and reduce its exposure to claims. Although reinsurance contracts permit recovery of certain claims from reinsurers, the insurance subsidiary is not relieved of its primary obligation to the policyholders. The premiums ceded by the crop insurance subsidiary in 2014, 2013 and 2012 were $288 million, $337 million and $251 million, and claims recoveries on the ceded business were $304 million, $294 million and $493 million, respectively. The amounts from reinsurance are netted against the insurance premiums and fees earned and the insurance claims and expenses in the table above.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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