John Deere 2013 Annual Report Download - page 44

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An age analysis of past due financing receivables that are
still accruing interest and non-performing financing receivables
at October 31, 2013 follows in millions of dollars:
30-59 60-89 90 Days
Days Days or Greater Total
Past Due Past Due Past Due Past Due
Retail Notes:
Agriculture and turf ...... $ 75 $ 26 $ 20 $ 121
Construction and
forestry .................... 39 14 9 62
Other:
Agriculture and turf ...... 28 9 5 42
Construction and
forestry .................... 12 4 3 19
Total ............................... $ 154 $ 53 $ 37 $ 244
Total Total
Total Non- Financing
Past Due Performing Current Receivables
Retail Notes:
Agriculture and turf ...... $ 121 $ 102 $ 18,942 $ 19,165
Construction and
forestry .................... 62 12 1,921 1,995
Other:
Agriculture and turf ...... 42 13 7,613 7,668
Construction and
forestry .................... 19 3 1,109 1,131
Total ........................ $ 244 $ 130 $ 29,585 29,959
Less allowance for
credit losses ................. 173
Total nancing
receivables - net ....... $ 29,786
An age analysis of past due financing receivables that are
still accruing interest and non-performing financing receivables
at October 31, 2012 follows in millions of dollars:
30-59 60-89 90 Days
Days Days or Greater Total
Past Due Past Due Past Due Past Due
Retail Notes:
Agriculture and turf ...... $ 60 $ 25 $ 17 $ 102
Construction and
forestry .................... 39 18 9 66
Other:
Agriculture and turf ...... 21 6 3 30
Construction and
forestry .................... 8 2 2 12
Total ............................... $ 128 $ 51 $ 31 $ 210
(continued)
Total Total
Total Non- Financing
Past Due Performing Current Receivables
Retail Notes:
Agriculture and turf ...... $ 102 $ 117 $ 16,432 $ 16,651
Construction and
forestry .................... 66 13 1,521 1,600
Other:
Agriculture and turf ...... 30 11 6,464 6,505
Construction and
forestry .................... 12 3 1,183 1,198
Total ........................ $ 210 $ 144 $ 25,600 25,954
Less allowance for
credit losses ................. 177
Total nancing
receivables - net ....... $ 25,777
An analysis of the allowance for credit losses and invest-
ment in financing receivables follows in millions of dollars:
Revolving
Retail Charge
Notes Accounts Other Total
2013
Allowance:
Beginning of year
balance ........................ $ 110 $ 40 $ 27 $ 177
Provision (credit) .......... (2) 5 7 10
Write-offs .................... (11) (21) (3) (35)
Recoveries ................... 9 17 1 27
Translation
adjustments ............. (5) (1) (6)
End of year balance* ......... $ 101 $ 41 $ 31 $ 173
Financing receivables:
End of year balance .......... $ 2 1,160 $ 2,593 $ 6,206 $ 29,959
Balance individually
evaluated ................. $ 21 $ 33 $ 54
* Individual allowances were not significant.
2012
Allowance:
Beginning of year
balance ........................ $ 130 $ 40 $ 27 $ 197
Provision (credit) .......... (12) 8 3 (1)
Write-offs .................... (8) (30) (4) (42)
Recoveries ................... 10 22 1 33
Translation
adjustments ............. (10) (10)
End of year balance* ......... $ 110 $ 40 $ 27 $ 177
Financing receivables:
End of year balance .......... $ 18,251 $ 2,488 $ 5,215 $ 25,954
Balance individually
evaluated ................. $ 11 $ 1 $ 1 $ 13
* Individual allowances were not significant.
(continued)
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