Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 31, 2012

Equipment on Operating Leases

Schedule of Cost of Equipment on Operating Leases by Product Category

The cost of equipment on operating leases by product category at October 31 was as follows (in millions of dollars):

	2012			2011
Agriculture and turf equipment	$	1,302.7		$	1,105.9
Construction and forestry equipment	465.8			472.1
Total	1,768.5			1,578.0
Accumulated depreciation	(350.3		)	(345.9		)
Equipment on operating leases — net	$	1,418.2		$	1,232.1

Schedule of Rental Payments for Equipment on Operating Leases

Initial lease terms for equipment on operating leases generally range from 4 months to 60 months. Rental payments for equipment on operating leases at October 31 were scheduled as follows (in millions of dollars):

	2012		2011
Due in:
0-12 months	$	229.6	$	215.5
13-24 months	142.5		128.8
25-36 months	67.1		64.9
37-48 months	28.3		27.7
Over 48 months	4.4		4.1
Total	$	471.9	$	441.0