(10) Past due balances of financing receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. Non-performing financing receivables represent loans for which the Company has ceased accruing finance income. These receivables are generally 120 days delinquent and the estimated uncollectible amount, after charging the dealer’s withholding account, has been written off to the allowance for credit losses. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is resumed when the receivable becomes contractually current and collections are reasonably assured.

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

	January 31, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	103	$	39	$	26	$	168
Construction and forestry	51		19		10		80
Other:
Agriculture and turf	28		10		4		42
Construction and forestry	12		4		3		19
Total	$	194	$	72	$	43	$	309

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	168	$	106	$	18,802	$	19,076
Construction and forestry	80		14		2,017		2,111
Other:
Agriculture and turf	42		13		6,614		6,669
Construction and forestry	19		3		1,022		1,044
Total	$	309	$	136	$	28,455	28,900
Less allowance for credit losses							167
Total financing receivables - net							$	28,733

	October 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total 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 Past Due		Total Non- Performing		Current		Total Financing 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

	January 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	77	$	25	$	19	$	121
Construction and forestry	40		17		9		66
Other:
Agriculture and turf	23		7		3		33
Construction and forestry	11		3		1		15
Total	$	151	$	52	$	32	$	235

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	121	$	112	$	16,546	$	16,779
Construction and forestry	66		14		1,591		1,671
Other:
Agriculture and turf	33		10		5,675		5,718
Construction and forestry	15		2		1,094		1,111
Total	$	235	$	138	$	24,906	25,279
Less allowance for credit losses							175
Total financing receivables - net							$	25,104

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

	Retail Notes		Revolving Charge Accounts		Other		Total

January 31, 2014
Allowance:
Beginning of period balance	$	101	$	41	$	31	$	173
Provision	1		1				2
Write-offs	(3)		(5)				(8)
Recoveries	2		3				5
Translation adjustments	(4)				(1)		(5)
End of period balance *	$	97	$	40	$	30	$	167

Financing receivables:
End of period balance	$	21,187	$	1,801	$	5,912	$	28,900
Balance individually evaluated	$	14			$	26	$	40

January 31, 2013
Allowance:
Beginning of period balance	$	110	$	40	$	27	$	177
Provision	1						1
Write-offs	(5)		(4)				(9)
Recoveries	2		4				6
End of period balance *	$	108	$	40	$	27	$	175

Financing receivables:
End of period balance	$	18,450	$	1,799	$	5,030	$	25,279
Balance individually evaluated	$	11	$	1	$	1	$	13

* Individual allowances were not significant.

Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables that are impaired are generally classified as non-performing.

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

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Recorded Investment

January 31, 2014 *
Receivables with specific allowance ****	$	18	$	18	$	4	$	18
Receivables without a specific allowance ***	7		6				7
Total	$	25	$	24	$	4	$	25
Agriculture and turf	$	22	$	22	$	4	$	23
Construction and forestry	$	3	$	2			$	2

October 31, 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

January 31, 2013 *
Receivables with specific allowance ***	$	1	$	1			$	1
Receivables without a specific allowance ***	9		9				9
Total	$	10	$	10			$	10
Agriculture and turf	$	6	$	6			$	6
Construction and forestry	$	4	$	4			$	4

* Finance income recognized was not material.

** Primarily operating loans and retail notes.

*** Primarily retail notes.

**** Primarily operating loans.

A troubled debt restructuring is generally the modification of debt in which a creditor grants a concession it would not otherwise consider to a debtor that is experiencing financial difficulties. These modifications may include a reduction of the stated interest rate, an extension of the maturity dates, a reduction of the face amount or maturity amount of the debt, or a reduction of accrued interest. During the first quarter of 2014, the Company identified six financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $.2 million pre-modification and $.2 million post-modification. During the first quarter of 2013, there were 26 financing receivable contracts, primarily retail notes, with $1.3 million pre-modification and $1.1 million post-modification balances. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At January 31, 2014, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.