The table below contains certain information related to the
Company’s accounts receivables programs (Dollars in
millions):
|
|
|
|
|
|
|
|
|
|
|
Three months ended
January 31, |
|
|
|
2016 |
|
|
2015 |
|
European RPA
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
135.1 |
|
|
$ |
191.5 |
|
Cash received for accounts receivable sold under the programs
|
|
|
120.0 |
|
|
|
169.4 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
15.1 |
|
|
|
22.0 |
|
Loss associated with the programs
|
|
|
0.2 |
|
|
|
0.5 |
|
Expenses associated with the programs
|
|
|
— |
|
|
|
— |
|
Singapore RPA
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
10.1 |
|
|
$ |
11.6 |
|
Cash received for accounts receivable sold under the program
|
|
|
10.1 |
|
|
|
11.6 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
— |
|
|
|
— |
|
Loss associated with the program
|
|
|
— |
|
|
|
— |
|
Expenses associated with the program
|
|
|
— |
|
|
|
— |
|
Total RPAs
|
|
|
|
|
|
|
|
|
Gross accounts receivable sold to third party financial
institution
|
|
$ |
145.2 |
|
|
$ |
203.1 |
|
Cash received for accounts receivable sold under the program
|
|
|
130.1 |
|
|
|
181.0 |
|
Deferred purchase price related to accounts receivable sold
|
|
|
15.1 |
|
|
|
22.0 |
|
Loss associated with the program
|
|
|
0.2 |
|
|
|
0.5 |
|
Expenses associated with the program
|
|
|
— |
|
|
|
— |
|
The table below contains certain information related to the
Company’s accounts receivables programs and the impact it has
on the Condensed Consolidated Balance Sheets (Dollars in
millions):
|
|
|
|
|
|
|
|
|
|
|
January 31,
2016 |
|
|
October 31,
2015 |
|
European RPA
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
94.9 |
|
|
$ |
114.8 |
|
Uncollected deferred purchase price related to accounts receivable
sold
|
|
|
21.5 |
|
|
|
— |
|
Deferred purchase price liability related to accounts receivable
sold
|
|
|
— |
|
|
|
(1.5 |
) |
Singapore RPA
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
4.2 |
|
|
$ |
4.0 |
|
Uncollected deferred purchase price related to accounts receivable
sold
|
|
|
— |
|
|
|
— |
|
Total RPAs
|
|
|
|
|
|
|
|
|
Accounts receivable sold to and held by third party financial
institution
|
|
$ |
99.1 |
|
|
$ |
118.8 |
|
Uncollected deferred purchase price related to accounts receivable
sold
|
|
|
21.5 |
|
|
|
— |
|
Deferred purchase price liability related to accounts receivable
sold
|
|
|
— |
|
|
|
(1.5 |
) |
|