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ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Tables)

9 Months Ended

Jul. 31, 2011

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE

Assets and Liabilities Measured at Fair Value on a Recurring Basis

		July 31		October 31		July 31
		2011*		2010*		2010*
Marketable securities
U.S. government debt securities		$ 270		$ 63		$ 69
Municipal debt securities		31		28		25
Corporate debt securities		79		63		60
Residential mortgage-backed securities **		79		72		76
Other debt securities				2		2
Total marketable securities		459		228		232
Other assets
Derivatives:
Interest rate contracts		388		493		533
Foreign exchange contracts		17		24		8
Cross-currency interest rate contracts		1		3		4
Total assets ***		$ 865		$ 748		$ 777

Accounts payable and accrued expenses
Derivatives:
Interest rate contracts		$ 12		$ 38		$ 51
Foreign exchange contracts		86		23		32
Cross-currency interest rate contracts		10		48		96
Total liabilities		$ 108		$ 109		$ 179

*	All measurements above were Level 2 measurements except for Level 1 measurements of U.S. government debt securities of $238 million, $36 million and $42 million at July 31, 2011, October 31, 2010 and July 31, 2010, respectively.

**	Primarily issued by U.S. government sponsored enterprises.

***	Excluded from this table are the Company’s cash and cash equivalents, which are carried at par value or amortized cost approximating fair value. The cash and cash equivalents consist primarily of money market funds.

Schedule of Contractual Maturities of Marketable Securities

		Amortized		Fair
		Cost		Value
Due in one year or less		$ 107		$ 107
Due after one through five years		152		155
Due after five through 10 years		68		74
Due after 10 years		42		44
Residential mortgage-backed securities		74		79
Marketable securities		$ 443		$ 459

Assets Measured at Fair Value on a Nonrecurring Basis

		Fair Value *								Losses
										Nine Months Ended
		July 31		October 31			July 31			July 31
		2011		2010			2010			2011		2010
Retail notes		$ 1		$	3		$	3				$	1
Operating loans		1					1
Financing leases		1		1			3					4
Wholesale notes				17			19					3
Financing receivables		$ 3		$	21		$	26				$	8

Goodwill				$	34
Property and equipment held for sale **				$	918

*	Does not include cost to sell.
**	See Note 19.

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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