Equipment on Operating Leases (Tables)

12 Months Ended

Oct. 31, 2016

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):

	2016		2015
Agriculture and turf	$	3,924.3	$	3,067.0
Construction and forestry		1,336.7		1,172.3
Total		5,261.0		4,239.3
Accumulated depreciation		(864.8)		(629.5)
Equipment on operating leases – net	$	4,396.2	$	3,609.8

Schedule of Rental Payments for Equipment on Operating Leases

Initial lease terms for equipment on operating leases generally range from 12 months to 60 months. Rental payments for equipment on operating leases at October 31 were scheduled as follows (in millions of dollars):

	2016		2015
Due in:
0-12 months	$	573.0	$	474.1
13-24 months		342.7		307.9
25-36 months		151.2		142.7
37-48 months		62.6		62.6
Over 48 months		10.1		10.9
Total	$	1,139.6	$	998.2