The table below contains certain information related to the
Company’s accounts receivables programs (Dollars in
millions):
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
January 31, |
|
|
|
2015 |
|
|
2014 |
|
European RPA
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
191.5 |
|
|
$ |
243.5 |
|
Cash received for accounts receivable sold under the programs
|
|
|
169.4 |
|
|
|
215.4 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
22.0 |
|
|
|
28.1 |
|
Loss associated with the programs
|
|
|
0.5 |
|
|
|
0.7 |
|
Expenses associated with the programs
|
|
|
— |
|
|
|
— |
|
|
|
|
Other
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
11.6 |
|
|
$ |
15.8 |
|
Cash received for accounts receivable sold under the program
|
|
|
11.6 |
|
|
|
15.8 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
— |
|
|
|
— |
|
Loss associated with the program
|
|
|
— |
|
|
|
— |
|
Expenses associated with the program
|
|
|
— |
|
|
|
0.1 |
|
|
|
|
Total RPAs
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
203.1 |
|
|
$ |
259.3 |
|
Cash received for accounts receivable sold under the program
|
|
|
181.0 |
|
|
|
231.2 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
22.0 |
|
|
|
28.1 |
|
Loss associated with the program
|
|
|
0.5 |
|
|
|
0.7 |
|
Expenses associated with the program
|
|
|
— |
|
|
|
0.1 |
|
|
|
|
|
|
|
|
|
|
|
|
January 31, |
|
|
October 31, |
|
|
|
2015 |
|
|
2014 |
|
European RPA
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
123.4 |
|
|
$ |
164.7 |
|
Deferred purchase price liability related to accounts receivable
sold
|
|
|
(12.6 |
) |
|
|
(23.7 |
) |
|
|
|
Other
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
5.0 |
|
|
$ |
5.0 |
|
Uncollected deferred purchase price related to accounts receivable
sold
|
|
|
— |
|
|
|
— |
|
|
|
|
Total RPAs
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
128.4 |
|
|
$ |
169.7 |
|
Deferred purchase price liability related to accounts receivable
sold
|
|
$ |
(12.6 |
) |
|
$ |
(23.7 |
) |
|