XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.6.0.2

PROPERTY AND DEPRECIATION | 12 Months Ended
--- | ---
Oct. 31, 2016
PROPERTY AND DEPRECIATION |
PROPERTY AND DEPRECIATION | 16. PROPERTY AND DEPRECIATION A summary of property and equipment at October 31 in millions of dollars follows:
|  | Useful Lives* |  |  |  |  |  |  |
|  | (Years) |  | 2016 |  | 2015 |
Equipment Operations |  |  |  |  |  |  |  |  |
Land |  |  |  | $ | 119 |  | $ | 114 |
Buildings and building equipment |  | 23 |  |  | 3,230 |  |  | 3,016 |
Machinery and equipment |  | 11 |  |  | 5,180 |  |  | 5,055 |
Dies, patterns, tools, etc. |  | 8 |  |  | 1,604 |  |  | 1,567 |
All other |  | 5 |  |  | 893 |  |  | 875 |
Construction in progress |  |  |  |  | 370 |  |  | 345 |
Total at cost |  |  |  |  | 11,396 |  |  | 10,972 |
Less accumulated depreciation |  |  |  |  | 6,277 |  |  | 5,846 |
Total |  |  |  |  | 5,119 |  |  | 5,126 |
Financial Services |  |  |  |  |  |  |  |  |
Land |  |  |  |  | 4 |  |  | 4 |
Buildings and building equipment |  | 26 |  |  | 73 |  |  | 73 |
All other |  | 6 |  |  | 36 |  |  | 36 |
Total at cost |  |  |  |  | 113 |  |  | 113 |
Less accumulated depreciation |  |  |  |  | 61 |  |  | 58 |
Total |  |  |  |  | 52 |  |  | 55 |
Property and equipment – net |  |  |  | $ | 5,171 |  | $ | 5,181 |
* Weighted-averages Total property and equipment additions in 2016, 2015 and 2014 were $674 million, $666 million and $1,016 million and depreciation was $701 million, $692 million and $696 million, respectively. Capitalized interest was $3 million, $6 million and $6 million in the same periods, respectively. The cost of leased property and equipment under capital leases of $33 million and $27 million and accumulated depreciation of $16 million and $14 million at October 31, 2016 and 2015, respectively, is included in property and equipment. Capitalized software has an estimated useful life of three years. The amounts of total capitalized software costs, including purchased and internally developed software, classified as “Other Assets” at October 31, 2016 and 2015 were $1,035 million and $934 million, less accumulated amortization of $770 million and $681 million, respectively. Capitalized interest on software was $3 million and $2 million at October 31, 2016 and 2015, respectively. Amortization of these software costs in 2016, 2015, and 2014 was $102 million, $103 million and $106 million, respectively. The cost of leased software assets under capital leases amounting to $90 million and $86 million at October 31, 2016 and 2015, respectively, is included in other assets. The cost of compliance with foreseeable environmental requirements has been accrued and did not have a material effect on the company’s consolidated financial statements.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration