RECEIVABLES (Tables)

12 Months Ended

Oct. 31, 2013

Accounts, Notes, Loans and Financing Receivable

Schedule of Financing Receivable Installments

Financing receivable installments, including unearned finance income, at October 31 are scheduled as follows in millions of dollars:

	2013					2012
	Unrestricted/Securitized					Unrestricted/Securitized
Due in months:
0 – 12		$	13,343	$	1,663		$	11,486	$	1,437
13 – 24		4,879		1,177			4,257		1,004
25 – 36		3,750		808			3,232		712
37 – 48		2,620		422			2,278		399
49 – 60		1,610		130			1,356		120
Thereafter		396		9			455		7
Total		$	26,598	$	4,209		$	23,064	$	3,679

Age Analysis of Past Due Financing Receivables Still Accruing Interest and Non-Performing Financing Receivables

An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables at October 31, 2013 follows in millions of dollars:

	30-59			60-89			90 Days
	Days			Days			or Greater			Total
	Past Due			Past Due			Past Due			Past Due
Retail Notes:
Agriculture and turf		$	75		$	26		$	20		$	121
Construction and forestry		39			14			9			62
Other:
Agriculture and turf		28			9			5			42
Construction and forestry		12			4			3			19
Total		$	154		$	53		$	37		$	244

				Total						Total
	Total			Non-						Financing
	Past Due			Performing			Current			Receivables
Retail Notes:
Agriculture and turf		$	121		$	102		$	18,942		$	19,165
Construction and forestry		62			12			1,921			1,995
Other:
Agriculture and turf		42			13			7,613			7,668
Construction and forestry		19			3			1,109			1,131
Total		$	244		$	130		$	29,585		29,959
Less allowance for credit losses											173
Total financing receivables - net											$	29,786

An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables at October 31, 2012 follows in millions of dollars:

	30-59			60-89			90 Days
	Days			Days			or Greater			Total
	Past Due			Past Due			Past Due			Past Due
Retail Notes:
Agriculture and turf		$	60		$	25		$	17		$	102
Construction and forestry		39			18			9			66
Other:
Agriculture and turf		21			6			3			30
Construction and forestry		8			2			2			12
Total		$	128		$	51		$	31		$	210

				Total					Total
	Total			Non-					Financing
	Past Due			Performing			Current		Receivables
Retail Notes:
Agriculture and turf		$	102		$	117	$	16,432		$	16,651
Construction and forestry		66			13		1,521			1,600
Other:
Agriculture and turf		30			11		6,464			6,505
Construction and forestry		12			3		1,183			1,198
Total		$	210		$	144	$	25,600		25,954
Less allowance for credit losses										177
Total financing receivables - net										$	25,777

Analysis of the Allowance for Credit Losses and Investment in Financing Receivables

An analysis of the allowance for credit losses and investment in financing receivables follows in millions of dollars:

			Revolving
	Retail		Charge
	Notes		Accounts		Other		Total
2013
Allowance:
Beginning of year balance	$	110	$	40	$	27	$	177
Provision (credit)	(2)		5		7		10
Write-offs	(11)		(21)		(3)		(35)
Recoveries	9		17		1		27
Translation adjustments	(5)				(1)		(6)
End of year balance*	$	101	$	41	$	31	$	173
Financing receivables:
End of year balance	$	21,160	$	2,593	$	6,206	$	29,959
Balance individually evaluated	$	21			$	33	$	54

*   Individual allowances were not significant.

2012
Allowance:
Beginning of year balance	$	130	$	40	$	27	$	197
Provision (credit)	(12)		8		3		(1)
Write-offs	(8)		(30)		(4)		(42)
Recoveries	10		22		1		33
Translation adjustments	(10)						(10)
End of year balance*	$	110	$	40	$	27	$	177
Financing receivables:
End of year balance	$	18,251	$	2,488	$	5,215	$	25,954
Balance individually evaluated	$	11	$	1	$	1	$	13

*   Individual allowances were not significant.

					Revolving
	Retail				Charge
	Notes				Accounts				Other				Total
2011
Allowance:
Beginning of year balance		$	144			$	44			$	37			$	225
Provision (credit)		3				8				(2)				9
Write-offs		(29		)		(40		)		(10		)		(79		)
Recoveries		12				28				2				42
End of year balance*		$	130			$	40			$	27			$	197
Financing receivables:
End of year balance		$	16,296			$	2,518			$	4,212			$	23,026
Balance individually evaluated		$	12							$	11			$	23

*  Individual allowances were not significant.

Analysis of the Impaired Financing Receivables

An analysis of the impaired financing receivables at October 31 follows in millions of dollars:

				Unpaid						Average
	Recorded			Principal			Specific			Recorded
	Investment			Balance			Allowance			Investment
2013*
Receivables with specific allowance**		$	18		$	18		$	4		$	19
Receivables without a specific allowance***		8			8						8
Total		$	26		$	26		$	4		$	27
Agriculture and turf		$	23		$	23		$	4		$	24
Construction and forestry		$	3		$	3					$	3

				Unpaid						Average
	Recorded			Principal			Specific			Recorded
	Investment			Balance			Allowance			Investment
2012*
Receivables with specific allowance**		$	1		$	1		$	1		$	1
Receivables without a specific allowance***		9			9						10
Total		$	10		$	10		$	1		$	11
Agriculture and turf		$	6		$	6		$	1		$	6
Construction and forestry		$	4		$	4					$	5

*     Finance income recognized was not material.

**    Primarily operating loans and retail notes.

***  Retail notes.

Schedule of Other Receivables

Other receivables at October 31 consisted of the following in millions of dollars:

	2013		2012
Taxes receivable	$	868	$	971
Reinsurance receivables	351		569
Insurance premium receivables	24		69
Other	221		182
Other receivables	$	1,464	$	1,791

Trade Accounts and Notes Receivable

Accounts, Notes, Loans and Financing Receivable

Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment

Trade accounts and notes receivable at October 31 consisted of the following in millions of dollars:

	2013		2012
Trade accounts and notes:
Agriculture and turf	$	3,127	$	3,074
Construction and forestry	631		725
Trade accounts and notes receivable—net	$	3,758	$	3,799

Financing Receivables

Accounts, Notes, Loans and Financing Receivable

Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment

Financing receivables at October 31 consisted of the following in millions of dollars:

	2013					2012
	Unrestricted/Securitized					Unrestricted/Securitized
Retail notes:
Equipment:
Agriculture and turf		$	16,209	$	3,602		$	14,144	$	3,126
Construction and forestry		1,449		607			1,091		553
Total		17,658		4,209			15,235		3,679
Wholesale notes		4,802					3,888
Revolving charge accounts		2,593					2,488
Financing leases (direct and sales-type)		1,513					1,411
Operating loans		32					42
Total financing receivables		26,598		4,209			23,064		3,679
Less:
Unearned finance income:
Equipment notes		665		42			619		44
Financing leases		141					126
Total		806		42			745		44
Allowance for credit losses		159		14			160		17
Financing receivables – net		$	25,633	$	4,153		$	22,159	$	3,618

Financing Receivables | Related to Sales of Equipment

Accounts, Notes, Loans and Financing Receivable

Schedule of Trade Accounts and Notes Receivable, Financing Receivables, and Financing Receivables Related to the Sale of Equipment

Financing receivables at October 31 related to the company’s sales of equipment that were included in the table above consisted of the following in millions of dollars:

	2013			2012
	Unrestricted			Unrestricted
Retail notes*:
Equipment:
Agriculture and turf		$	2,042		$	1,810
Construction and forestry		364			313
Total		2,406			2,123
Wholesale notes		4,802			3,888
Sales-type leases		826			836
Total		$	8,034		$	6,847

* These retail notes generally arise from sales of equipment by company-owned dealers or through direct sales.

	2013			2012
	Unrestricted			Unrestricted
Less:
Unearned finance income:
Equipment notes		$	191		$	191
Sales-type leases		58			61
Total		249			252
Financing receivablesrelated to the company’ssales of equipment		$	7,785		$	6,595