XML 46 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1

FINANCING RECEIVABLES (Tables)

9 Months Ended

Jul. 29, 2018

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 29, 2018
								90 Days
		30-59 Days			60-89 Days			or Greater			Total
		Past Due			Past Due			Past Due			Past Due
Retail Notes:
Agriculture and turf		$	138		$	53		$	54		$	245
Construction and forestry			105			43			50			198
Other:
Agriculture and turf			37			14			12			63
Construction and forestry			12			6			3			21
Total		$	292		$	116		$	119		$	527
											Total
		Total			Total						Financing
		Past Due			Non-Performing			Current			Receivables
Retail Notes:
Agriculture and turf		$	245		$	203		$	17,048		$	17,496
Construction and forestry			198			42			2,967			3,207
Other:
Agriculture and turf			63			14			8,009			8,086
Construction and forestry			21			3			1,249			1,273
Total		$	527		$	262		$	29,273			30,062
Less allowance for credit losses												187
Total financing receivables – net											$	29,875

		October 29, 2017
								90 Days
		30-59 Days			60-89 Days			or Greater			Total
		Past Due			Past Due			Past Due			Past Due
Retail Notes:
Agriculture and turf		$	118		$	54		$	49		$	221
Construction and forestry			75			33			39			147
Other:
Agriculture and turf			27			14			7			48
Construction and forestry			11			6			2			19
Total		$	231		$	107		$	97		$	435
											Total
		Total			Total						Financing
		Past Due			Non-Performing			Current			Receivables
Retail Notes:
Agriculture and turf		$	221		$	173		$	17,508		$	17,902
Construction and forestry			147			30			2,618			2,795
Other:
Agriculture and turf			48			12			7,610			7,670
Construction and forestry			19			5			1,059			1,083
Total		$	435		$	220		$	28,795			29,450
Less allowance for credit losses												187
Total financing receivables – net											$	29,263

		July 30, 2017
								90 Days
		30-59 Days			60-89 Days			or Greater			Total
		Past Due			Past Due			Past Due			Past Due
Retail Notes:
Agriculture and turf		$	133		$	53		$	58		$	244
Construction and forestry			93			41			40			174
Other:
Agriculture and turf			35			17			8			60
Construction and forestry			7			5			1			13
Total		$	268		$	116		$	107		$	491
											Total
		Total			Total						Financing
		Past Due			Non-Performing			Current			Receivables
Retail Notes:
Agriculture and turf		$	244		$	218		$	17,025		$	17,487
Construction and forestry			174			34			2,546			2,754
Other:
Agriculture and turf			60			11			7,494			7,565
Construction and forestry			13			16			999			1,028
Total		$	491		$	279		$	28,064			28,834
Less allowance for credit losses												189
Total financing receivables – net											$	28,645

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 29, 2018
					Revolving
		Retail			Charge
		Notes			Accounts			Other			Total
Allowance:
Beginning of period balance		$	120		$	40		$	27		$	187
Provision			8			21			3			32
Write-offs			(9)			(26)			(1)			(36)
Recoveries			3			5						8
Translation adjustments			(4)									(4)
End of period balance *		$	118		$	40		$	29		$	187
		Nine Months Ended July 29, 2018
Allowance:
Beginning of period balance		$	121		$	40		$	26		$	187
Provision			13			29			7			49
Write-offs			(23)			(44)			(5)			(72)
Recoveries			13			15			1			29
Translation adjustments			(6)									(6)
End of period balance *		$	118		$	40		$	29		$	187
Financing receivables:
End of period balance		$	20,703		$	3,750		$	5,609		$	30,062
Balance individually evaluated **		$	120		$	1		$	13		$	134

		Three Months Ended July 30, 2017
					Revolving
		Retail			Charge
		Notes			Accounts			Other			Total
Allowance:
Beginning of period balance		$	111		$	43		$	23		$	177
Provision			21			18			3			42
Write-offs			(15)			(26)			(1)			(42)
Recoveries			5			5						10
Translation adjustments			1						1			2
End of period balance *		$	123		$	40		$	26		$	189
		Nine Months Ended July 30, 2017
Allowance:
Beginning of period balance		$	113		$	40		$	23		$	176
Provision			38			32			6			76
Write-offs			(41)			(47)			(4)			(92)
Recoveries			13			15						28
Translation adjustments									1			1
End of period balance *		$	123		$	40		$	26		$	189
Financing receivables:
End of period balance		$	20,241		$	3,454		$	5,139		$	28,834
Balance individually evaluated **		$	144		$	1		$	27		$	172

* 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 29, 2018*
Receivables with specific allowance **		$	31		$	30		$	12		$	33
Receivables without a specific allowance **			37			35						40
Total		$	68		$	65		$	12		$	73
Agriculture and turf		$	51		$	49		$	10		$	54
Construction and forestry		$	17		$	16		$	2		$	19
October 29, 2017*
Receivables with specific allowance **		$	36		$	33		$	10		$	30
Receivables without a specific allowance ***			28			27						24
Total		$	64		$	60		$	10		$	54
Agriculture and turf		$	49		$	46		$	10		$	38
Construction and forestry		$	15		$	14					$	16
July 30, 2017*
Receivables with specific allowance **		$	56		$	51		$	13		$	51
Receivables without a specific allowance ***			30			27						31
Total		$	86		$	78		$	13		$	82
Agriculture and turf		$	54		$	50		$	10		$	50
Construction and forestry		$	32		$	28		$	3		$	32

* 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=84173941&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=84173941&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=84173941&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=84173941&loc=SL6953423-111524

+ Details

Name:	us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration