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Financing Receivables
 3 Months Ended
Jan. 31, 2017
Leases [Abstract]  
Financing Receivables

Note 8: Financing Receivables

Financing receivables represent sales-type and direct-financing leases of HPE and third-party products. These receivables typically have terms ranging from two to five years and are usually collateralized by a security interest in the underlying assets. The components of financing receivables were as follows:

 

     As of  
     January 31,
2017		      October 31,
2016		  
     In millions  

Minimum lease payments receivable

    $ 337      $ 377  

Unearned income

      (29 )       (34 ) 
  

 

 

     

 

 

  

Financing receivables, net

      308        343  

Less: current portion(1)

      (124 )       (133 ) 
  

 

 

     

 

 

  

Amounts due after one year, net(1)

    $ 184      $ 210  
  

 

 

     

 

 

  

 

(1)  Everett includes the current portion in Financing receivables and amounts due after one year, net in Long-term financing receivables in the accompanying Condensed Combined Balance Sheets.

Credit Quality

Due to the homogenous nature of its leasing transactions, Everett manages its financing receivables on an aggregate basis when assessing and monitoring credit risk. Credit risk is generally diversified due to the large number of entities comprising Everett’s customer base and their dispersion across many different industries and geographic regions. Everett evaluates the credit quality of an obligor at lease inception and monitors that credit quality over the term of a transaction.