(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:

	July 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	$	99	$	38	$	30	$	167
Construction and forestry	61		20		12		93
Other:
Agriculture and turf	22		10		8		40
Construction and forestry	15		5		2		22
Total	$	197	$	73	$	52	$	322

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	167	$	117	$	19,458	$	19,742
Construction and forestry	93		18		2,237		2,348
Other:
Agriculture and turf	40		85		8,169		8,294
Construction and forestry	22		6		1,112		1,140
Total	$	322	$	226	$	30,976	31,524
Less allowance for credit losses							180
Total financing receivables - net							$	31,344

	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

	July 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	$	73		$	26	$	20	$		119
Construction and forestry	47			17		7		71
Other:
Agriculture and turf	27			9		4		40
Construction and forestry	12			4		3		19
Total	$	159		$	56	$	34	$		249

	Total Past Due			Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$		119	$	108	$	17,567	$	17,794
Construction and forestry	71			11		1,749		1,831
Other:
Agriculture and turf	40			13		7,375		7,428
Construction and forestry	19			5		1,168		1,192
Total	$		249	$	137	$	27,859	28,245
Less allowance for credit losses								171
Total financing receivables - net								$	28,074

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

	Three Months Ended
	July 31, 2014
	Retail Notes		Revolving Charge Accounts		Other		Total
Allowance:
Beginning of period balance	$	105	$	40	$	26	$	171
Provision	2		7		7		16
Write-offs	(4)		(10)		(1)		(15)
Recoveries	3		4		1		8
End of period balance	$	106	$	41	$	33	$	180

	Nine Months Ended
	July 31, 2014
Allowance:
Beginning of period balance	$	101	$	41	$	31	$	173
Provision	10		10		3		23
Write-offs	(12)		(21)		(1)		(34)
Recoveries	8		11				19
Translation adjustments	(1)						(1)
End of period balance *	$	106	$	41	$	33	$	180
Financing receivables:
End of period balance	$	22,090	$	2,562	$	6,872	$	31,524
Balance individually evaluated **	$	44	$	1	$	80	$	125

* Individual allowances were not significant.

** Remainder is collectively evaluated.

	Three Months Ended
	July 31, 2013
	Retail Notes		Revolving Charge Accounts		Other		Total
Allowance:
Beginning of period balance	$	105	$	41	$	30	$	176
Provision	1		2		1		4
Write-offs	(3)		(6)		(1)		(10)
Recoveries	3		4				7
Translation adjustments	(6)						(6)
End of period balance	$	100	$	41	$	30	$	171

	Nine Months Ended
	July 31, 2013
Allowance:
Beginning of period balance	$	110	$	40	$	27	$	177
Provision (credit)	(2)		4		5		7
Write-offs	(10)		(15)		(2)		(27)
Recoveries	8		12		1		21
Translation adjustments	(6)				(1)		(7)
End of period balance *	$	100	$	41	$	30	$	171
Financing receivables:
End of period balance	$	19,626	$	2,577	$	6,042	$	28,245
Balance individually evaluated **	$	15			$	39	$	54

* Individual allowances were not significant.

** Remainder is collectively evaluated.

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
July 31, 2014 *
Receivables with specific allowance **	$	92	$	92	$	10	$	95
Receivables without a specific allowance ***	6		6				6
Total	$	98	$	98	$	10	$	101
Agriculture and turf	$	96	$	96	$	10	$	99
Construction and forestry	$	2	$	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

July 31, 2013 *
Receivables with specific allowance ****	$	18	$	18	$	4	$	19
Receivables without a specific allowance ***	8		8				9
Total	$	26	$	26	$	4	$	28
Agriculture and turf	$	23	$	23	$	4	$	25
Construction and forestry	$	3	$	3			$	3

* Finance income recognized was not material.

** Primarily wholesale receivables, retail notes and operating loans.

*** Primarily retail notes.

**** Primarily operating loans and retail notes.

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 nine months of 2014, the Company identified 51 financing receivable contracts, primarily retail notes, as troubled debt restructurings with aggregate balances of $1.4 million pre-modification and $1.2 million post-modification. During the first nine months of 2013, there were 79 financing receivable contracts, primarily operating loans and retail notes, with aggregate balances of $15.5 million pre-modification and $14.8 million post-modification balances. During these same periods, there were no significant troubled debt restructurings that subsequently defaulted and were written off. At July 31, 2014, the Company had no commitments to lend additional funds to borrowers whose accounts were modified in troubled debt restructurings.