XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.5.0.2

FINANCING RECEIVABLES (Tables) | 9 Months Ended
--- | ---
Jul. 31, 2016
FINANCING RECEIVABLES |
Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables | An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows:
|  | July 31, 2016 |
|  |  |  |  |  |  |  | 90 Days |  |  |  |
|  | 30-59 Days |  | 60-89 Days |  | or Greater |  | Total |
|  | Past Due |  | Past Due |  | Past Due |  | Past Due |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 145 |  | $ | 60 |  | $ | 81 |  | $ | 286 |
Construction and forestry |  |  | 74 |  |  | 36 |  |  | 26 |  |  | 136 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 28 |  |  | 9 |  |  | 11 |  |  | 48 |
Construction and forestry |  |  | 14 |  |  | 6 |  |  | 3 |  |  | 23 |
Total |  | $ | 261 |  | $ | 111 |  | $ | 121 |  | $ | 493 |
|  |  |  |  |  |  |  |  |  |  | Total |
|  | Total |  | Total |  |  |  |  | Financing |
|  | Past Due |  | Non-Performing |  | Current |  | Receivables |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 286 |  | $ | 194 |  | $ | 17,278 |  | $ | 17,758 |
Construction and forestry |  |  | 136 |  |  | 36 |  |  | 2,535 |  |  | 2,707 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 48 |  |  | 9 |  |  | 7,212 |  |  | 7,269 |
Construction and forestry |  |  | 23 |  |  | 7 |  |  | 949 |  |  | 979 |
Total |  | $ | 493 |  | $ | 246 |  | $ | 27,974 |  |  | 28,713 |
Less allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  | 171 |
Total financing receivables - net |  |  |  |  |  |  |  |  |  |  | $ | 28,542 |
|  | October 31, 2015 |
|  |  |  |  |  |  |  | 90 Days |  |  |  |
|  | 30-59 Days |  | 60-89 Days |  | or Greater |  | Total |
|  | Past Due |  | Past Due |  | Past Due |  | Past Due |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 112 |  | $ | 54 |  | $ | 47 |  | $ | 213 |
Construction and forestry |  |  | 64 |  |  | 29 |  |  | 12 |  |  | 105 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 26 |  |  | 12 |  |  | 4 |  |  | 42 |
Construction and forestry |  |  | 13 |  |  | 5 |  |  | 3 |  |  | 21 |
Total |  | $ | 215 |  | $ | 100 |  | $ | 66 |  | $ | 381 |
|  |  |  |  |  |  |  |  |  |  | Total |
|  | Total |  | Total |  |  |  |  | Financing |
|  | Past Due |  | Non-Performing |  | Current |  | Receivables |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 213 |  | $ | 98 |  | $ | 18,574 |  | $ | 18,885 |
Construction and forestry |  |  | 105 |  |  | 21 |  |  | 2,556 |  |  | 2,682 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 42 |  |  | 13 |  |  | 7,175 |  |  | 7,230 |
Construction and forestry |  |  | 21 |  |  | 10 |  |  | 973 |  |  | 1,004 |
Total |  | $ | 381 |  | $ | 142 |  | $ | 29,278 |  |  | 29,801 |
Less allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  | 157 |
Total financing receivables - net |  |  |  |  |  |  |  |  |  |  | $ | 29,644 |
|  | July 31, 2015 |
|  |  |  |  |  |  |  | 90 Days |  |  |  |
|  | 30-59 Days |  | 60-89 Days |  | or Greater |  | Total |
|  | Past Due |  | Past Due |  | Past Due |  | Past Due |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 108 |  | $ | 44 |  | $ | 54 |  | $ | 206 |
Construction and forestry |  |  | 65 |  |  | 20 |  |  | 14 |  |  | 99 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 20 |  |  | 12 |  |  | 7 |  |  | 39 |
Construction and forestry |  |  | 10 |  |  | 4 |  |  | 4 |  |  | 18 |
Total |  | $ | 203 |  | $ | 80 |  | $ | 79 |  | $ | 362 |
|  |  |  |  |  |  |  |  |  |  | Total |
|  | Total |  | Total |  |  |  |  | Financing |
|  | Past Due |  | Non-Performing |  | Current |  | Receivables |
Retail Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 206 |  | $ | 112 |  | $ | 18,354 |  | $ | 18,672 |
Construction and forestry |  |  | 99 |  |  | 20 |  |  | 2,538 |  |  | 2,657 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  |  | 39 |  |  | 12 |  |  | 7,453 |  |  | 7,504 |
Construction and forestry |  |  | 18 |  |  | 8 |  |  | 1,009 |  |  | 1,035 |
Total |  | $ | 362 |  | $ | 152 |  | $ | 29,354 |  |  | 29,868 |
Less allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  | 157 |
Total financing receivables - net |  |  |  |  |  |  |  |  |  |  | $ | 29,711 |
Analysis of the Allowance for Credit Losses and Investment in Financing Receivables | An analysis of the allowance for credit losses and investment in financing receivables in millions of dollars during the periods follows:
|  | Three Months Ended July 31, 2016 |
|  |  |  |  | Revolving |  |  |  |  |  |  |
|  | Retail |  | Charge |  |  |  |  |  |  |
|  | Notes |  | Accounts |  | Other |  | Total |
Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period balance |  | $ | 102 |  | $ | 40 |  | $ | 23 |  | $ | 165 |
Provision |  |  | 11 |  |  | 22 |  |  | 1 |  |  | 34 |
Write-offs |  |  | (10) |  |  | (27) |  |  | (2) |  |  | (39) |
Recoveries |  |  | 3 |  |  | 6 |  |  |  |  |  | 9 |
Translation adjustments |  |  | 2 |  |  |  |  |  |  |  |  | 2 |
End of period balance * |  | $ | 108 |  | $ | 41 |  | $ | 22 |  | $ | 171 |
|  | Nine Months Ended July 31, 2016 |
Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period balance |  | $ | 95 |  | $ | 40 |  | $ | 22 |  | $ | 157 |
Provision |  |  | 28 |  |  | 35 |  |  | 3 |  |  | 66 |
Write-offs |  |  | (29) |  |  | (49) |  |  | (3) |  |  | (81) |
Recoveries |  |  | 8 |  |  | 15 |  |  |  |  |  | 23 |
Translation adjustments |  |  | 6 |  |  |  |  |  |  |  |  | 6 |
End of period balance * |  | $ | 108 |  | $ | 41 |  | $ | 22 |  | $ | 171 |
Financing receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
End of period balance |  | $ | 20,465 |  | $ | 2,997 |  | $ | 5,251 |  | $ | 28,713 |
Balance individually evaluated ** |  | $ | 90 |  | $ | 2 |  | $ | 16 |  | $ | 108 |
|  | Three Months Ended July 31, 2015 |
|  |  |  |  | Revolving |  |  |  |  |  |  |
|  | Retail |  | Charge |  |  |  |  |  |  |
|  | Notes |  | Accounts |  | Other |  | Total |
Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period balance |  | $ | 99 |  | $ | 41 |  | $ | 23 |  | $ | 163 |
Provision |  |  | 4 |  |  | 14 |  |  | 1 |  |  | 19 |
Write-offs |  |  | (8) |  |  | (18) |  |  | (1) |  |  | (27) |
Recoveries |  |  | 3 |  |  | 4 |  |  |  |  |  | 7 |
Translation adjustments |  |  | (4) |  |  |  |  |  | (1) |  |  | (5) |
End of period balance * |  | $ | 94 |  | $ | 41 |  | $ | 22 |  | $ | 157 |
|  | Nine Months Ended July 31, 2015 |
Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period balance |  | $ | 109 |  | $ | 41 |  | $ | 25 |  | $ | 175 |
Provision |  |  | 9 |  |  | 22 |  |  | 2 |  |  | 33 |
Write-offs |  |  | (17) |  |  | (34) |  |  | (2) |  |  | (53) |
Recoveries |  |  | 7 |  |  | 12 |  |  | 1 |  |  | 20 |
Translation adjustments |  |  | (14) |  |  |  |  |  | (4) |  |  | (18) |
End of period balance * |  | $ | 94 |  | $ | 41 |  | $ | 22 |  | $ | 157 |
Financing receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
End of period balance |  | $ | 21,329 |  | $ | 2,680 |  | $ | 5,859 |  | $ | 29,868 |
Balance individually evaluated ** |  | $ | 19 |  | $ | 3 |  | $ | 9 |  | $ | 31 |
* Individual allowances were not significant. ** Remainder is collectively evaluated.
Analysis of the Impaired Financing Receivables | An analysis of the impaired financing receivables in millions of dollars follows:
|  |  |  |  | Unpaid |  |  |  |  | Average |
|  | Recorded |  | Principal |  | Specific |  | Recorded |
|  | Investment |  | Balance |  | Allowance |  | Investment |
July 31, 2016* |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables with specific allowance ** |  | $ | 31 |  | $ | 29 |  | $ | 7 |  | $ | 28 |
Receivables without a specific allowance *** |  |  | 21 |  |  | 21 |  |  |  |  |  | 19 |
Total |  | $ | 52 |  | $ | 50 |  | $ | 7 |  | $ | 47 |
Agriculture and turf |  | $ | 32 |  | $ | 30 |  | $ | 7 |  | $ | 30 |
Construction and forestry |  | $ | 20 |  | $ | 20 |  |  |  |  | $ | 17 |
October 31, 2015* |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables with specific allowance ** |  | $ | 14 |  | $ | 13 |  | $ | 2 |  | $ | 13 |
Receivables without a specific allowance *** |  |  | 14 |  |  | 14 |  |  |  |  |  | 20 |
Total |  | $ | 28 |  | $ | 27 |  | $ | 2 |  | $ | 33 |
Agriculture and turf |  | $ | 19 |  | $ | 18 |  | $ | 2 |  | $ | 20 |
Construction and forestry |  | $ | 9 |  | $ | 9 |  |  |  |  | $ | 13 |
July 31, 2015* |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables with specific allowance ** |  | $ | 5 |  | $ | 4 |  | $ | 1 |  | $ | 8 |
Receivables without a specific allowance *** |  |  | 20 |  |  | 19 |  |  |  |  |  | 21 |
Total |  | $ | 25 |  | $ | 23 |  | $ | 1 |  | $ | 29 |
Agriculture and turf |  | $ | 12 |  | $ | 11 |  | $ | 1 |  | $ | 16 |
Construction and forestry |  | $ | 13 |  | $ | 12 |  |  |  |  | $ | 13 |
* Finance income recognized was not material. ** Primarily retail notes. *** Primarily retail notes and wholesale receivables.

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the activity in the total allowance for credit losses related to financing receivables (such as loans or lease receivables) for entities that have an unclassified balance sheet, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration