FINANCING RECEIVABLES (Tables)

6 Months Ended

Apr. 30, 2012

FINANCING RECEIVABLES

Age Analysis of Past Due and Non-Performing Financing Receivables

	April 30, 2012
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due *		Total Past Due
Retail Notes:
Agriculture and turf	$	63	$	34	$	22	$	119
Construction and forestry	35		19		9		63
Other:
Agriculture and turf	20		14		9		43
Construction and forestry	9		4		1		14
Total	$	127	$	71	$	41	$	239
	Total Past Due		Total Non- performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	119	$	113	$	14,837	$	15,069
Construction and forestry		63		14		1,360		1,437
Other:
Agriculture and turf		43		11		5,184		5,238
Construction and forestry		14		3		1,000		1,017
Total	$	239	$	141	$	22,381		22,761
Less allowance for doubtful receivables								192
Total financing receivables - net							$	22,569

* Financing receivables that are 90 days or greater past due and still accruing finance income.

	October 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due *		Total Past Due
Retail Notes:
Agriculture and turf	$	81	$	30	$	25	$	136
Construction and forestry	45		20		11		76
Other:
Agriculture and turf	23		10		5		38
Construction and forestry	7		4		2		13
Total	$	156	$	64	$	43	$	263
	Total Past Due		Total Non- performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	136	$	132	$	14,667	$	14,935
Construction and forestry	76		17		1,264		1,357
Recreational products					4		4
Other:
Agriculture and turf	38		16		5,655		5,709
Construction and forestry	13		5		1,003		1,021
Total	$	263	$	170	$	22,593	23,026
Less allowance for doubtful receivables							197
Total financing receivables - net							$	22,829

* Financing receivables that are 90 days or greater past due and still accruing finance income.

	April 30, 2011
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due *		Total Past Due
Retail Notes:
Agriculture and turf	$	79	$	37	$	29	$	145
Construction and forestry	56		26		16		98
Other:
Agriculture and turf	23		12		24		59
Construction and forestry	14		5		7		26
Total	$	172	$	80	$	76	$	328
	Total Past Due		Total Non- performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	145	$	152	$	13,416	$	13,713
Construction and forestry	98		29		1,182		1,309
Recreational products					7		7
Other:
Agriculture and turf	59		16		5,472		5,547
Construction and forestry	26		13		933		972
Total	$	328	$	210	$	21,010	21,548
Less allowance for doubtful receivables							221
Total financing receivables - net							$	21,327

* Financing receivables that are 90 days or greater past due and still accruing finance income.

Analysis of the Allowance for Doubtful Financing Receivables and Investment in Financing Receivables

	Three Months Ended
	April 30, 2012
	Retail Notes			Revolving Charge Accounts			Other			Total
Allowance:
Beginning of period balance	$	129		$	40		$	26		$	195
Provision	2			2			1			5
Write-offs	(2		)	(7		)	(2		)	(11		)
Recoveries	2			6						8
Translation adjustments	(5		)							(5		)
End of period balance	$	126		$	41		$	25		$	192
	Six Months Ended
	April 30, 2012
Allowance:
Beginning of period balance	$	130		$	40		$	27		$	197
Provision	2			3			1			6
Write-offs	(4		)	(14		)	(3		)	(21		)
Recoveries	4			12						16
Translation adjustments	(6		)							(6		)
End of period balance	$	126		$	41		$	25		$	192
Financing receivables:
End of period balance	$	16,505		$	2,358		$	3,898		$	22,761
Balance individually evaluated *	$	10		$	1		$	4		$	15

*Remainder is collectively evaluated.  The allowance, which was individually evaluated, was not significant at the period end.

	Three Months Ended
	April 30, 2011
	Retail Notes			Revolving Charge Accounts			Other			Total
Allowance:
Beginning of period balance	$	136		$	45		$	36		$	217
Provision	4			2			(2		)	4
Write-offs	(4		)	(9		)	(1		)	(14		)
Recoveries	4			6						10
Translation adjustments	3						1			4
End of period balance	$	143		$	44		$	34		$	221
	Six Months Ended
	April 30, 2011
Allowance:
Beginning of period balance	$	144		$	44		$	37		$	225
Provision	8			5			(1		)	12
Write-offs	(21		)	(19		)	(3		)	(43		)
Recoveries	7			14						21
Translation adjustments	5						1			6
End of period balance	$	143		$	44		$	34		$	221
Balance individually evaluated *	$	3					$	3		$	6
Financing receivables:
End of period balance	$	15,029		$	2,287		$	4,232		$	21,548
Balance individually evaluated *	$	23		$	2		$	10		$	35

*Remainder is collectively evaluated.

Analysis of the Impaired Financing Receivables

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Recorded Investment
April 30, 2012 *
Receivables with specific allowance	$	1	$	1			$	1
Receivables without a specific allowance **	9		9				9
Total	$	10	$	10			$	10
Agriculture and turf	$	6	$	6			$	5
Construction and forestry	$	4	$	4			$	5
October 31, 2011 *
Receivables with specific allowance	$	7	$	7	$	1	$	8
Receivables without a specific allowance **	9		9				12
Total	$	16	$	16	$	1	$	20
Agriculture and turf	$	11	$	11	$	1	$	14
Construction and forestry	$	5	$	5			$	6
April 30, 2011 *
Receivables with specific allowance	$	10	$	10	$	6	$	11
Receivables without a specific allowance **	11		11				10
Total	$	21	$	21	$	6	$	21
Agriculture and turf	$	12	$	12	$	4	$	12
Construction and forestry	$	9	$	9	$	2	$	9

*Finance income recognized was not material.

**Primarily retail notes.