Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 31, 2014

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):

	2014			2013
Agriculture and turf equipment	$	2,229.9		$	1,706.2
Construction and forestry equipment	819.6			542.1
Total	3,049.5			2,248.3
Accumulated depreciation	(459.2		)	(376.2		)
Equipment on operating leases — net	$	2,590.3		$	1,872.1

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):

	2014		2013
Due in:
0-12 months	$	372.7	$	284.0
13-24 months	235.7		176.6
25-36 months	115.3		86.1
37-48 months	52.2		42.3
Over 48 months	10.3		5.6
Total	$	786.2	$	594.6