XML 70 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9
Restricted Cash
6 Months Ended
Apr. 30, 2015
Restricted Cash and Investments [Abstract]  
Restricted Cash
Restricted Cash
The Company’s restricted cash balance, including both current and non-current portions, was $7 million at April 30, 2015 and $21 million at October 31, 2014. Certain of the Company’s debt agreements contain restrictions on the usage of funds received from the sale of assets. These restrictions generally require such cash to be used for either repayment of indebtedness, capital expenditures, or acquisitions of assets. Restricted cash at April 30, 2015 included $3 million of the remaining proceeds from the sale of the Surfdome business in the first quarter of fiscal 2015, which is subject to these restrictions. Consequently, since the restricted cash is required to be invested in long-term assets or to repay long-term debt, it is reflected as a long-term asset. The Company expects to utilize these remaining proceeds during fiscal 2015.