FINANCING RECEIVABLES (Tables)

An age analysis of past due financing receivables that are still accruing interest and non-performing financing receivables in millions of dollars follows:

	January 31, 2015
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due
Retail Notes:
Agriculture and turf	$	122	$	41	$	40	$	203
Construction and forestry	59		25		11		95
Other:
Agriculture and turf	32		10		3		45
Construction and forestry	16		6		3		25
Total	$	229	$	82	$	57	$	368

	Total Past Due		Total Non- Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	203	$	102	$	19,027	$	19,332
Construction and forestry	95		12		2,529		2,636
Other:
Agriculture and turf	45		17		6,791		6,853
Construction and forestry	25		5		1,016		1,046
Total	$	368	$	136	$	29,363	29,867
Less allowance for credit losses							168
Total financing receivables - net							$	29,699

	October 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	$	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 Past Due		Total Non- Performing		Current		Total Financing 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

	January 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	$	103	$	39	$	26	$	168
Construction and forestry	51		19		10		80
Other:
Agriculture and turf	28		10		4		42
Construction and forestry	12		4		3		19
Total	$	194	$	72	$	43	$	309

	Total Past Due		Total Non-Performing		Current		Total Financing Receivables
Retail Notes:
Agriculture and turf	$	168	$	106	$	18,802	$	19,076
Construction and forestry	80		14		2,017		2,111
Other:
Agriculture and turf	42		13		6,614		6,669
Construction and forestry	19		3		1,022		1,044
Total	$	309	$	136	$	28,455	28,900
Less allowance for credit losses							167
Total financing receivables - net							$	28,733

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

	Three Months Ended
	January 31, 2015
	Retail Notes		Revolving Charge Accounts		Other		Total
Allowance:
Beginning of period balance	$	109	$	41	$	25	$	175
Provision	1						1
Write-offs	(3)		(4)				(7)
Recoveries	2		4				6
Translation adjustments	(5)				(2)		(7)
End of period balance *	$	104	$	41	$	23	$	168

Financing receivables:
End of period balance	$	21,968	$	1,882	$	6,017	$	29,867
Balance individually evaluated **	$	23	$	1	$	1	$	25

	Three Months Ended
	January 31, 2014
Allowance:
Beginning of period balance	$	101	$	41	$	31	$	173
Provision	1		1				2
Write-offs	(3)		(5)				(8)
Recoveries	2		3				5
Translation adjustments	(4)				(1)		(5)
End of period balance *	$	97	$	40	$	30	$	167

Financing receivables:
End of period balance	$	21,187	$	1,801	$	5,912	$	28,900
Balance individually evaluated **	$	14			$	26	$	40

* Individual allowances were not significant.

** Remainder is collectively evaluated.

An analysis of the impaired financing receivables in millions of dollars follows:

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Recorded Investment
January 31, 2015 *
Receivables with specific allowance **	$	6	$	6	$	2	$	7
Receivables without a specific allowance **	6		5				6
Total	$	12	$	11	$	2	$	13
Agriculture and turf	$	10	$	10	$	2	$	11
Construction and forestry	$	2	$	1			$	2

October 31, 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

January 31, 2014 *
Receivables with specific allowance ***	$	18	$	18	$	4	$	18
Receivables without a specific allowance **	7		6				7
Total	$	25	$	24	$	4	$	25
Agriculture and turf	$	22	$	22	$	4	$	23
Construction and forestry	$	3	$	2			$	2

*	Finance income recognized was not material.
**	Primarily retail notes.
***	Primarily operating loans.