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 27, 2019
					90 Days
	30-59 Days		60-89 Days		or Greater		Total
	Past Due		Past Due		Past Due		Past Due
Retail Notes:
Agriculture and turf	$	162	$	63	$	1	$	226
Construction and forestry		102		47		1		150
Other:
Agriculture and turf		65		23		1		89
Construction and forestry		16		8				24
Total	$	345	$	141	$	3	$	489

							Total
	Total		Total				Financing
	Past Due		Non-Performing		Current		Receivables
Retail Notes:
Agriculture and turf	$	226	$	296	$	17,408	$	17,930
Construction and forestry		150		107		3,092		3,349
Other:
Agriculture and turf		89		28		7,213		7,330
Construction and forestry		24		10		1,247		1,281
Total	$	489	$	441	$	28,960		29,890
Less allowance for credit losses								177
Total financing receivables – net							$	29,713


	October 28, 2018
					90 Days
	30-59 Days		60-89 Days		or Greater		Total
	Past Due		Past Due		Past Due		Past Due
Retail Notes:
Agriculture and turf	$	133	$	74	$	63	$	270
Construction and forestry		79		45		52		176
Other:
Agriculture and turf		36		16		8		60
Construction and forestry		18		5		3		26
Total	$	266	$	140	$	126	$	532

							Total
	Total		Total				Financing
	Past Due		Non-Performing		Current		Receivables
Retail Notes:
Agriculture and turf	$	270	$	201	$	17,836	$	18,307
Construction and forestry		176		40		3,101		3,317
Other:
Agriculture and turf		60		15		8,274		8,349
Construction and forestry		26		3		1,252		1,281
Total	$	532	$	259	$	30,463		31,254
Less allowance for credit losses								178
Total financing receivables – net							$	31,076


	January 28, 2018
					90 Days
	30-59 Days		60-89 Days		or Greater		Total
	Past Due		Past Due		Past Due		Past Due
Retail Notes:
Agriculture and turf	$	149	$	49	$	59	$	257
Construction and forestry		78		38		39		155
Other:
Agriculture and turf		51		20		6		77
Construction and forestry		9		5		2		16
Total	$	287	$	112	$	106	$	505

							Total
	Total		Total				Financing
	Past Due		Non-Performing		Current		Receivables
Retail Notes:
Agriculture and turf	$	257	$	185	$	17,287	$	17,729
Construction and forestry		155		36		2,869		3,060
Other:
Agriculture and turf		77		13		6,481		6,571
Construction and forestry		16		4		1,139		1,159
Total	$	505	$	238	$	27,776		28,519
Less allowance for credit losses								190
Total financing receivables – net							$	28,329

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 27, 2019
			Revolving
	Retail		Charge
	Notes		Accounts		Other		Total
Allowance:
Beginning of period balance	$	113	$	43	$	22	$	178
Provision (credit)		6		(1)		2		7
Write-offs		(11)		(4)		(1)		(16)
Recoveries		4		5				9
Translation adjustments		(1)						(1)
End of period balance *	$	111	$	43	$	23	$	177

Financing receivables:
End of period balance	$	21,279	$	2,737	$	5,874	$	29,890
Balance individually evaluated **	$	118	$	2	$	13	$	133


	Three Months Ended January 28, 2018
			Revolving
	Retail		Charge
	Notes		Accounts		Other		Total
Allowance:
Beginning of period balance	$	121	$	40	$	26	$	187
Provision						2		2
Write-offs		(7)		(5)		(1)		(13)
Recoveries		6		5				11
Translation adjustments		3						3
End of period balance *	$	123	$	40	$	27	$	190

Financing receivables:
End of period balance	$	20,789	$	2,652	$	5,078	$	28,519
Balance individually evaluated **	$	101	$	2	$	16	$	119

* Individual allowances were not significant.

** Remainder is collectively evaluated.

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


			Unpaid				Average
	Recorded		Principal		Specific		Recorded
	Investment		Balance		Allowance		Investment
January 27, 2019*
Receivables with specific allowance **	$	30	$	30	$	12	$	30
Receivables without a specific allowance **		36		34				36
Total	$	66	$	64	$	12	$	66
Agriculture and turf	$	49	$	48	$	9	$	49
Construction and forestry	$	17	$	16	$	3	$	17

October 28, 2018*
Receivables with specific allowance **	$	28	$	27	$	10	$	30
Receivables without a specific allowance **		37		35				41
Total	$	65	$	62	$	10	$	71
Agriculture and turf	$	50	$	48	$	9	$	54
Construction and forestry	$	15	$	14	$	1	$	17

January 28, 2018*
Receivables with specific allowance ***	$	30	$	28	$	9	$	32
Receivables without a specific allowance ***		34		33				31
Total	$	64	$	61	$	9	$	63
Agriculture and turf	$	47	$	45	$	9	$	47
Construction and forestry	$	17	$	16			$	16

* Finance income recognized was not material.

** Primarily retail notes.

*** Primarily retail notes and wholesale receivables.