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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Oct. 31, 2012
COMMITMENTS AND CONTINGENCIES  
Reconciliation of the Changes in Warranty Liability and Unearned Premiums

A reconciliation of the changes in the warranty liability and unearned premiums in millions of dollars follows:

 

 

 

Warranty Liability/

 

 

 

Unearned Premiums

 

 

 

2012

 

2011

 

Beginning of year balance

 

$

892

 

$

762

 

Payments

 

(580

)

(517

)

Amortization of premiums received

 

(100

)

(93

)

Accruals for warranties

 

666

 

665

 

Premiums received

 

164

 

120

 

Foreign exchange

 

(17

)

(45

)

End of year balance

 

$

1,025

 

$

892