John Deere 2014 Annual Report Download - page 48

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48
An age analysis of past due financing receivables that are
still accruing interest and non-performing financing receivables
at October 31, 2014 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 ...... $ 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 Total
Total Non- Financing
Past Due Performing Current 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 nancing
receivables - net ....... $ 32,024
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
(continued)
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 7,6 6 8
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 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
2014
Allowance:
Beginning of year
balance ........................ $ 101 $ 41 $ 31 $ 173
Provision ...................... 18 11 2 31
Write-offs .................... (16) (26) (7) (49)
Recoveries ................... 11 15 26
Translation
adjustments ............. (5) (1) (6)
End of year balance* ......... $ 109 $ 41 $ 25 $ 175
Financing receivables:
End of year balance .......... $ 22,784 $ 2,603 $ 6,812 $ 32,199
Balance individually
evaluated ................. $ 26 $ 1 $ 27
* Individual allowances were not significant.
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 .......... $ 21,160 $ 2,593 $ 6,206 $ 29,959
Balance individually
evaluated ................. $ 21 $ 33 $ 54
* Individual allowances were not significant.
(continued)