(4) Past due balances of Receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date.

The Company monitors the credit quality of Receivables as either performing or non-performing monthly. Non-performing Receivables represent loans for which the Company has ceased accruing finance income. Generally, when retail notes are approximately 120 days delinquent, accrual of finance income is suspended, the collateral is repossessed or the account is designated for litigation and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days. Generally, when a wholesale receivable becomes 60 days delinquent, the Company determines whether the accrual of finance income on interest-bearing wholesale

receivables should be suspended, the collateral should be repossessed or the account should be designated for litigation and the estimated uncollectible amount written off to the allowance for credit losses. Generally, when a financing lease account becomes 120 days delinquent, the accrual of lease revenue is suspended, the equipment is repossessed or the account is designated for litigation, and the estimated uncollectible amount, after charging the dealer's withholding account, if any, is written off to the allowance for credit losses. Finance income for non-performing Receivables is recognized on a cash basis. Accrual of finance income is generally resumed when the receivable becomes contractually current and collections are reasonably assured.

An age analysis of past due Receivables that are still accruing interest and non-performing Receivables was as follows (in millions of dollars):


	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	$	82.2	$	38.3	$	47.7	$	168.2
Construction and forestry		63.0		19.9		13.6		96.5
Revolving charge accounts:
Agriculture and turf		9.7		2.9		3.3		15.9
Construction and forestry		1.7		.8		.6		3.1
Wholesale receivables:
Agriculture and turf		3.5		.3		1.6		5.4
Construction and forestry		1.3				1.4		2.7
Financing leases:
Agriculture and turf		5.8		7.3		2.3		15.4
Construction and forestry		2.3		1.4		1.0		4.7
Total Receivables	$	169.5	$	70.9	$	71.5	$	311.9


	Total		Total Non-				Total
	Past Due		Performing		Current		Receivables
Retail notes:
Agriculture and turf	$	168.2	$	48.8	$	15,911.9	$	16,128.9
Construction and forestry		96.5		15.9		2,313.6		2,426.0
Revolving charge accounts:
Agriculture and turf		15.9		1.2		2,518.0		2,535.1
Construction and forestry		3.1				80.2		83.3
Wholesale receivables:
Agriculture and turf		5.4		.4		7,173.6		7,179.4
Construction and forestry		2.7				1,478.4		1,481.1
Financing leases:
Agriculture and turf		15.4		8.2		342.3		365.9
Construction and forestry		4.7		5.5		162.8		173.0
Total Receivables	$	311.9	$	80.0	$	29,980.8	$	30,372.7


	October 31, 2014
					90 Days
	30-59 Days		60-89 Days		or Greater		Total
	Past Due		Past Due		Past Due		Past Due
Retail notes:
Agriculture and turf	$	85.0	$	30.8	$	24.0	$	139.8
Construction and forestry		53.6		15.6		7.0		76.2
Revolving charge accounts:
Agriculture and turf		11.3		3.7		.9		15.9
Construction and forestry		2.4		1.2		.3		3.9
Wholesale receivables:
Agriculture and turf		4.1		3.4		4.5		12.0
Construction and forestry		.2				1.5		1.7
Financing leases:
Agriculture and turf		7.5		5.1		.6		13.2
Construction and forestry		2.5		.8		.2		3.5
Total Receivables	$	166.6	$	60.6	$	39.0	$	266.2


	Total		Total Non-				Total
	Past Due		Performing		Current		Receivables
Retail notes:
Agriculture and turf	$	139.8	$	41.8	$	17,023.9	$	17,205.5
Construction and forestry		76.2		14.3		2,165.3		2,255.8
Revolving charge accounts:
Agriculture and turf		15.9		1.1		2,437.0		2,454.0
Construction and forestry		3.9		.1		77.9		81.9
Wholesale receivables:
Agriculture and turf		12.0		1.1		6,961.0		6,974.1
Construction and forestry		1.7				943.3		945.0
Financing leases:
Agriculture and turf		13.2		11.5		396.0		420.7
Construction and forestry		3.5		1.3		164.1		168.9
Total Receivables	$	266.2	$	71.2	$	30,168.5	$	30,505.9


	July 31, 2014
					90 Days
	30-59 Days		60-89 Days		or Greater		Total
	Past Due		Past Due		Past Due		Past Due
Retail notes:
Agriculture and turf	$	69.5	$	30.2	$	24.3	$	124.0
Construction and forestry		60.1		19.3		12.0		91.4
Revolving charge accounts:
Agriculture and turf		13.6		3.1		3.0		19.7
Construction and forestry		3.5		.9		.4		4.8
Wholesale receivables:
Agriculture and turf		5.8		1.3		2.7		9.8
Construction and forestry		.6		.1		1.5		2.2
Financing leases:
Agriculture and turf		4.8		5.6		1.0		11.4
Construction and forestry		3.9		.6		.5		5.0
Operating loans:
Agriculture and turf
Total Receivables	$	161.8	$	61.1	$	45.4	$	268.3


	Total		Total Non-				Total
	Past Due		Performing		Current		Receivables

Retail notes:
Agriculture and turf	$	124.0	$	51.0	$	16,740.7	$	16,915.7
Construction and forestry		91.4		16.3		1,964.2		2,071.9
Revolving charge accounts:
Agriculture and turf		19.7		1.3		2,392.2		2,413.2
Construction and forestry		4.8				75.8		80.6
Wholesale receivables:
Agriculture and turf		9.8		82.9		8,236.2		8,328.9
Construction and forestry		2.2		.8		1,013.5		1,016.5
Financing leases:
Agriculture and turf		11.4		13.3		391.1		415.8
Construction and forestry		5.0		3.9		156.1		165.0
Operating loans:
Agriculture and turf						8.7		8.7
Total Receivables	$	268.3	$	169.5	$	30,978.5	$	31,416.3

Allowances for credit losses on Receivables are maintained in amounts considered to be appropriate in relation to the Receivables outstanding based on historical loss experience by product category, portfolio duration, delinquency trends, economic conditions and credit risk quality.

An analysis of the allowance for credit losses and investment in Receivables was as follows (in millions of dollars):


	Three Months Ended
	July 31, 2015
			Revolving
	Retail		Charge		Wholesale				Total
	Notes		Accounts		Receivables		Other		Receivables
Allowance:
Beginning of period balance	$	55.7	$	39.9	$	7.2	$	8.4	$	111.2
Provision for credit losses		3.2		13.4		.3		.5		17.4
Write-offs		(6.4)		(18.2)		(.1)		(.6)		(25.3)
Recoveries		2.1		4.6		.1				6.8
Other changes (primarily translation adjustments)		(.2)				(.1)				(.3)
End of period balance	$	54.4	$	39.7	$	7.4	$	8.3	$	109.8


	Nine Months Ended
	July 31, 2015
Allowance:
Beginning of period balance	$	56.1	$	39.9	$	7.6	$	8.8	$	112.4
Provision (credit) for credit losses		7.8		20.9		(.1)		.9		29.5
Write-offs		(13.8)		(33.0)		(.3)		(1.1)		(48.2)
Recoveries		5.1		11.9		.5				17.5
Other changes (primarily translation adjustments)		(.8)				(.3)		(.3)		(1.4)
End of period balance	$	54.4	$	39.7	$	7.4	$	8.3	$	109.8
Balance individually evaluated *	$	.8							$	.8

Receivables:
End of period balance	$	18,554.9	$	2,618.4	$	8,660.5	$	538.9	$	30,372.7
Balance individually evaluated *	$	19.5	$	3.0	$	1.2			$	23.7

* Remainder is collectively evaluated.


	Three Months Ended
	July 31, 2014
			Revolving
	Retail		Charge		Wholesale				Total
	Notes		Accounts		Receivables		Other		Receivables
Allowance:
Beginning of period balance	$	53.4	$	39.7	$	6.6	$	10.0	$	109.7
Provision for credit losses		1.9		6.3		8.4		.5		17.1
Write-offs		(2.7)		(10.1)				(.2)		(13.0)
Recoveries		1.5		4.0				.1		5.6
End of period balance	$	54.1	$	39.9	$	15.0	$	10.4	$	119.4


	Nine Months Ended
	July 31, 2014
Allowance:
Beginning of period balance	$	50.7	$	39.7	$	6.4	$	14.6	$	111.4
Provision (credit) for credit losses		9.4		9.7		8.7		(3.8)		24.0
Write-offs		(9.7)		(20.3)		(.3)		(.6)		(30.9)
Recoveries		3.9		10.8		.1		.2		15.0
Other changes (primarily translation adjustments)		(.2)				.1				(.1)
End of period balance	$	54.1	$	39.9	$	15.0	$	10.4	$	119.4
Balance individually evaluated *	$	1.5	$	.2	$	8.4	$	1.8	$	11.9

Receivables:
End of period balance	$	18,987.6	$	2,493.8	$	9,345.4	$	589.5	$	31,416.3
Balance individually evaluated *	$	43.8	$	.9	$	91.4	$	9.8	$	145.9

* Remainder is collectively evaluated.

Receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.

An analysis of impaired Receivables was as follows (in millions of dollars):


			Unpaid				Average
	Recorded		Principal		Specific		Recorded
	Investment		Balance		Allowance		Investment
July 31, 2015*
Receivables with specific allowance:
Retail notes	$	4.6	$	4.4	$	.8	$	7.8
Total with specific allowance		4.6		4.4		.8		7.8

Receivables without specific allowance:
Retail notes		10.9		10.7				12.1
Wholesale receivables		.6		.6				.6
Total without specific allowance		11.5		11.3				12.7
Total	$	16.1	$	15.7	$	.8	$	20.5

Agriculture and turf	$	11.7	$	11.3	$	.8	$	15.9
Construction and forestry		4.4		4.4				4.6
Total	$	16.1	$	15.7	$	.8	$	20.5

October 31, 2014*
Receivables with specific allowance:
Retail notes	$	7.0	$	6.9	$	1.7	$	8.4
Revolving charge accounts		.2		.2		.2		.2
Wholesale receivables		.1		.1		.1		.1
Total with specific allowance		7.3		7.2		2.0		8.7

Receivables without specific allowance:
Retail notes		5.9		5.7				6.1
Total without specific allowance		5.9		5.7				6.1
Total	$	13.2	$	12.9	$	2.0	$	14.8

Agriculture and turf	$	11.7	$	11.4	$	2.0	$	13.0
Construction and forestry		1.5		1.5				1.8
Total	$	13.2	$	12.9	$	2.0	$	14.8

July 31, 2014*
Receivables with specific allowance:
Retail notes	$	13.7	$	13.7	$	1.5	$	13.7
Revolving charge accounts		.2		.2		.2		.2
Wholesale receivables		91.2		91.2		8.4		91.2
Operating loans		8.7		8.6		1.8		10.6
Total with specific allowance		113.8		113.7		11.9		115.7

Receivables without specific allowance:
Retail notes		5.3		5.1				6.1
Total without specific allowance		5.3		5.1				6.1
Total	$	119.1	$	118.8	$	11.9	$	121.8

Agriculture and turf	$	116.6	$	116.4	$	11.8	$	119.1
Construction and forestry		2.5		2.4		.1		2.7
Total	$	119.1	$	118.8	$	11.9	$	121.8

* Finance income recognized was not material.

A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first nine months of 2015, the Company identified 76 Receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $2.2 million pre-modification and $1.7 million post-modification. During the first nine months of 2014, there were 51 Receivable contracts, primarily retail notes, with aggregate balances of $1.4 million pre-modification and $1.2 million post-modification. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At July 31, 2015, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.