RECEIVABLES (Tables)

12 Months Ended

Oct. 31, 2014

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:

	2014					2013
	Unrestricted/Securitized					Unrestricted/Securitized
Due in months:
0 – 12		$	14,357	$	1,878		$	13,343	$	1,663
13 – 24		5,254		1,331			4,879		1,177
25 – 36		4,053		880			3,750		808
37 – 48		2,819		457			2,620		422
49 – 60		1,575		120			1,610		130
Thereafter		414		6			396		9
Total		$	28,472	$	4,672		$	26,598	$	4,209

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, 2014 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		$	93		$	34		$	28		$	155
Construction and forestry		54			16			7			77
Other:
Agriculture and turf		23			12			2			37
Construction and forestry		12			3			4			19
Total		$	182		$	65		$	41		$	288

				Total						Total
	Total			Non-						Financing
	Past Due			Performing			Current			Receivables
Retail Notes:
Agriculture and turf		$	155		$	107		$	19,966		$	20,228
Construction and forestry		77			17			2,462			2,556
Other:
Agriculture and turf		37			15			8,208			8,260
Construction and forestry		19			2			1,134			1,155
Total		$	288		$	141		$	31,770		32,199
Less allowance for credit losses											175
Total financing receivables - net											$	32,024

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

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
2014
Allowance:
Beginning of year balance	$	101	$	41	$	31	$	173
Provision	18		11		2		31
Write-offs	(16)		(26)		(7)		(49)
Recoveries	11		15				26
Translation adjustments	(5)				(1)		(6)
End of year balance*	$	109	$	41	$	25	$	175
Financing receivables:
End of year balance	$	22,784	$	2,603	$	6,812	$	32,199
Balance individually evaluated	$	26			$	1	$	27

*   Individual allowances were not significant.

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.

			Revolving
	Retail		Charge
	Notes		Accounts		Other		Total
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.

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
2014*
Receivables with specific allowance***		$	9		$	9		$	2		$	10
Receivables without a specific allowance***		6			6						7
Total		$	15		$	15		$	2		$	17
Agriculture and turf		$	12		$	12		$	2		$	13
Construction and forestry		$	3		$	3					$	4

				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

*   Finance income recognized was not material.

**  Primarily operating loans and retail notes.

***Primarily retail notes.

Schedule of Other Receivables

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

	2014		2013
Taxes receivable	$	697	$	868
Reinsurance receivables	502		351
Insurance premium receivables	23		24
Other	278		221
Other receivables	$	1,500	$	1,464

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:

	2014		2013
Trade accounts and notes:
Agriculture and turf	$	2,633	$	3,127
Construction and forestry	645		631
Trade accounts and notes receivable–net	$	3,278	$	3,758

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:

	2014					2013
	Unrestricted/Securitized					Unrestricted/Securitized
Retail notes:
Equipment:
Agriculture and turf		$	16,970	$	3,975		$	16,209	$	3,602
Construction and forestry		1,951		697			1,449		607
Total		18,921		4,672			17,658		4,209
Wholesale notes		5,390					4,802
Revolving charge accounts		2,603					2,593
Financing leases (direct and sales-type)		1,558					1,513
Operating loans							32
Total financing receivables		28,472		4,672			26,598		4,209
Less:
Unearned finance income:
Equipment notes		753		56			665		42
Financing leases		136					141
Total		889		56			806		42
Allowance for credit losses		161		14			159		14
Financingreceivables – net		$	27,422	$	4,602		$	25,633	$	4,153

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:

	2014			2013
	Unrestricted			Unrestricted
Retail notes*:
Equipment:
Agriculture and turf		$	2,125		$	2,042
Construction and forestry		403			364
Total		2,528			2,406
Wholesale notes		5,390			4,802
Sales-type leases		844			826
Total		$	8,762		$	8,034

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

	2014			2013
	Unrestricted			Unrestricted
Less:
Unearned finance income:
Equipment notes		$	212		$	191
Sales-type leases		57			58
Total		269			249
Financing receivables related to the company’s sales of equipment		$	8,493		$	7,785