(10) Past due balances of financing receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. Non-performing financing receivables represent loans for which the Company has ceased accruing finance income. These receivables are generally 120 days delinquent and the estimated uncollectible amount, after charging the dealer’s withholding account, if any, has been written off to the allowance for credit losses. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured.

An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows:

	April 30, 2015
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	108	$	55	$	49	$	212
Construction and forestry	57		24		12		93
Other:
Agriculture and turf	32		13		20		65
Construction and forestry	14		6		2		22
Total	$	211	$	98	$	83	$	392

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	212	$	96	$	18,543	$	18,851
Construction and forestry	93		18		2,511		2,622
Other:
Agriculture and turf	65		16		7,051		7,132
Construction and forestry	22		7		1,016		1,045
Total	$	392	$	137	$	29,121	29,650
Less allowance for credit losses							163
Total financing receivables - net							$	29,487

	October 31, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	93	$	34	$	28	$	155
Construction and forestry	54		16		7		77
Other:
Agriculture and turf	23		12		2		37
Construction and forestry	12		3		4		19
Total	$	182	$	65	$	41	$	288

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	155	$	107	$	19,966	$	20,228
Construction and forestry	77		17		2,462		2,556
Other:
Agriculture and turf	37		15		8,208		8,260
Construction and forestry	19		2		1,134		1,155
Total	$	288	$	141	$	31,770	32,199
Less allowance for credit losses							175
Total financing receivables - net							$	32,024

	April 30, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	89	$	31	$	28	$	148
Construction and forestry	57		19		12		88
Other:
Agriculture and turf	24		13		17		54
Construction and forestry	15		5		3		23
Total	$	185	$	68	$	60	$	313

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	148	$	102	$	19,027	$	19,277
Construction and forestry	88		14		2,113		2,215
Other:
Agriculture and turf	54		17		7,335		7,406
Construction and forestry	23		4		1,088		1,115
Total	$	313	$	137	$	29,563	30,013
Less allowance for credit losses							171
Total financing receivables - net							$	29,842

An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows:

	Three Months Ended April 30, 2015
	Retail Notes		Revolving Charge Accounts		Other		Total
Allowance:
Beginning of period balance	$	104	$	41	$	23	$	168
Provision	5		8		1		14
Write-offs	(6)		(11)		(2)		(19)
Recoveries	2		3		1		6
Translation adjustments	(6)						(6)
End of period balance *	$	99	$	41	$	23	$	163

	Six Months Ended April 30, 2015
Allowance:
Beginning of period balance	$	109	$	41	$	25	$	175
Provision	5		8		2		15
Write-offs	(9)		(15)		(2)		(26)
Recoveries	4		7				11
Translation adjustments	(10)				(2)		(12)
End of period balance *	$	99	$	41	$	23	$	163
Financing receivables:
End of period balance	$	21,473	$	2,345	$	5,832	$	29,650
Balance individually evaluated **	$	19					$	19

	Three Months Ended April 30, 2014
	Retail Notes		Revolving Charge Accounts		Other		Total
Allowance:
Beginning of period balance	$	97	$	40	$	30	$	167
Provision (credit)	7		2		(4)		5
Write-offs	(5)		(6)				(11)
Recoveries	2		4				6
Translation adjustments	4						4
End of period balance *	$	105	$	40	$	26	$	171

	Six Months Ended April 30, 2014
Allowance:
Beginning of period balance	$	101	$	41	$	31	$	173
Provision (credit)	8		3		(4)		7
Write-offs	(8)		(11)				(19)
Recoveries	4		7				11
Translation adjustments					(1)		(1)
End of period balance *	$	105	$	40	$	26	$	171
Financing receivables:
End of period balance	$	21,492	$	2,215	$	6,306	$	30,013
Balance individually evaluated **	$	21	$	3	$	11	$	35

* Individual allowances were not significant.

** Remainder is collectively evaluated.

Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.

An analysis of the impaired financing receivables in millions of dollars follows:

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Recorded Investment
April 30, 2015 *
Receivables with specific allowance **	$	3	$	3	$	2	$	6
Receivables without a specific allowance **	12		11				12
Total	$	15	$	14	$	2	$	18
Agriculture and turf	$	9	$	8	$	2	$	12
Construction and forestry	$	6	$	6			$	6

October 31, 2014 *
Receivables with specific allowance **	$	9	$	9	$	2	$	10
Receivables without a specific allowance **	6		6				7
Total	$	15	$	15	$	2	$	17
Agriculture and turf	$	12	$	12	$	2	$	13
Construction and forestry	$	3	$	3			$	4

April 30, 2014*
Receivables with specific allowance ***	$	10	$	10	$	2	$	11
Receivables without a specific allowance **	6		6				7
Total	$	16	$	16	$	2	$	18
Agriculture and turf	$	14	$	14	$	2	$	16
Construction and forestry	$	2	$	2			$	2

*	Finance income recognized was not material.
**	Primarily retail notes.
***	Primarily operating loans.

A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first six months of 2015, the Company identified 50 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $1.5 million pre-modification and $1.1 million post-modification. During the first six months of 2014, there were 20 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $1.0 million pre-modification and $.8 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At April 30, 2015, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.