Company Quick10K Filing
Quick10K
Navistar
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$21.63 99 $2,145
10-Q 2019-07-31 Quarter: 2019-07-31
10-Q 2019-04-30 Quarter: 2019-04-30
10-Q 2019-01-31 Quarter: 2019-01-31
10-K 2018-10-31 Annual: 2018-10-31
10-Q 2018-07-31 Quarter: 2018-07-31
10-Q 2018-04-30 Quarter: 2018-04-30
10-Q 2018-01-31 Quarter: 2018-01-31
10-K 2017-10-31 Annual: 2017-10-31
10-Q 2017-07-31 Quarter: 2017-07-31
10-Q 2017-04-30 Quarter: 2017-04-30
10-Q 2017-01-31 Quarter: 2017-01-31
10-K 2016-10-31 Annual: 2016-10-31
10-Q 2016-07-31 Quarter: 2016-07-31
10-Q 2016-04-30 Quarter: 2016-04-30
10-Q 2016-01-31 Quarter: 2016-01-31
10-K 2015-10-31 Annual: 2015-10-31
10-Q 2015-07-31 Quarter: 2015-07-31
10-Q 2015-04-30 Quarter: 2015-04-30
10-Q 2015-01-31 Quarter: 2015-01-31
10-K 2014-10-31 Annual: 2014-10-31
10-Q 2014-07-31 Quarter: 2014-07-31
10-Q 2014-04-30 Quarter: 2014-04-30
10-Q 2014-01-31 Quarter: 2014-01-31
8-K 2019-11-13 Regulation FD, Exhibits
8-K 2019-09-19 Regulation FD, Exhibits
8-K 2019-09-04 Earnings, Regulation FD, Exhibits
8-K 2019-08-21 Regulation FD, Exhibits
8-K 2019-06-19 Enter Agreement, Exhibits
8-K 2019-06-04 Earnings, Regulation FD, Exhibits
8-K 2019-05-29 Enter Agreement
8-K 2019-05-24 Regulation FD, Exhibits
8-K 2019-05-23 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-04-26 Officers, Exhibits
8-K 2019-04-15 Enter Agreement, Exhibits
8-K 2019-03-08 Earnings, Regulation FD, Exhibits
8-K 2019-03-08 Regulation FD, Exhibits
8-K 2019-02-25 Regulation FD, Exhibits
8-K 2019-02-14 Shareholder Vote
8-K 2019-01-14 Regulation FD
8-K 2018-12-31 M&A, Exhibits
8-K 2018-12-18 Regulation FD, Exhibits
8-K 2018-12-18 Earnings, Regulation FD, Exhibits
8-K 2018-12-06 Regulation FD, Exhibits
8-K 2018-11-30 Enter Agreement, Exhibits
8-K 2018-10-10 Officers, Exhibits
8-K 2018-09-26 Enter Agreement, Exhibits
8-K 2018-09-06 Earnings, Regulation FD, Exhibits
8-K 2018-09-06 Regulation FD, Exhibits
8-K 2018-08-27 Regulation FD, Exhibits
8-K 2018-08-14 Officers, Exhibits
8-K 2018-07-31 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-07-12 Regulation FD, Exhibits
8-K 2018-06-14 Enter Agreement, Exhibits
8-K 2018-06-05 Earnings, Regulation FD, Exhibits
8-K 2018-05-25 Regulation FD, Exhibits
8-K 2018-05-11 Officers
8-K 2018-04-18 Officers, Exhibits
8-K 2018-03-01 Regulation FD, Exhibits
8-K 2018-02-13 Shareholder Vote
GM General Motors 52,424
F Ford 35,254
RACE Ferrari 29,733
PCAR Paccar 22,650
FSS Federal Signal 1,742
REVG REV Group 745
SPAR Spartan Motors 534
WKHS Workhorse Group 279
KNDI Kandi Technologies Group 267
TTM Tata Motors 0
NAV 2019-07-31
Part I-Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-10 navex107312019.htm
EX-10.99 navex10997312019.htm
EX-31.1 navex3117312019.htm
EX-31.2 navex3127312019.htm
EX-32.1 navex3217312019.htm
EX-32.2 navex3227312019.htm
EX-99.1 navex9917312019.htm

Navistar Earnings 2019-07-31

NAV 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Document
false--10-31Q320190000808450falseLarge Accelerated Filer260000000034000007600000249800000024630000000.100.12200000002200000001031000001031000000.08250.0675140000000142000000P9MP1YP1YP1YP1YP1Y42000003900000 0000808450 2018-11-01 2019-07-31 0000808450 2019-08-31 0000808450 exch:XNYS us-gaap:CommonStockMember 2018-11-01 2019-07-31 0000808450 exch:XNYS nav:ConvertibleJuniorPreferenceStockSeriesDMember 2018-11-01 2019-07-31 0000808450 2019-05-01 2019-07-31 0000808450 2018-05-01 2018-07-31 0000808450 2017-11-01 2018-07-31 0000808450 2019-07-31 0000808450 2018-10-31 0000808450 2018-07-31 0000808450 2017-10-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-10-31 0000808450 us-gaap:TreasuryStockMember 2018-07-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2017-10-31 0000808450 us-gaap:NoncontrollingInterestMember 2017-11-01 2018-07-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2018-11-01 2019-07-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetainedEarningsMember 2018-11-01 2019-07-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2019-07-31 0000808450 us-gaap:NoncontrollingInterestMember 2018-11-01 2019-07-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-11-01 2018-07-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetainedEarningsMember 2017-11-01 2018-07-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2017-11-01 2018-07-31 0000808450 us-gaap:CommonStockMember 2018-11-01 2019-07-31 0000808450 us-gaap:CommonStockMember 2018-07-31 0000808450 us-gaap:TreasuryStockMember 2017-11-01 2018-07-31 0000808450 us-gaap:TreasuryStockMember 2018-11-01 2019-07-31 0000808450 us-gaap:CommonStockMember 2019-07-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-10-31 0000808450 us-gaap:TreasuryStockMember 2018-10-31 0000808450 us-gaap:CommonStockMember 2017-11-01 2018-07-31 0000808450 us-gaap:NoncontrollingInterestMember 2017-10-31 0000808450 us-gaap:RetainedEarningsMember 2018-10-31 0000808450 us-gaap:TreasuryStockMember 2019-07-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2017-11-01 2018-07-31 0000808450 us-gaap:NoncontrollingInterestMember 2019-07-31 0000808450 us-gaap:RetainedEarningsMember 2017-10-31 0000808450 us-gaap:RetainedEarningsMember 2019-07-31 0000808450 us-gaap:NoncontrollingInterestMember 2018-07-31 0000808450 us-gaap:NoncontrollingInterestMember 2018-10-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2018-07-31 0000808450 us-gaap:CommonStockMember 2018-10-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-31 0000808450 us-gaap:TreasuryStockMember 2017-10-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2017-10-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2018-10-31 0000808450 us-gaap:AdditionalPaidInCapitalMember 2019-07-31 0000808450 us-gaap:CommonStockMember 2017-10-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2018-10-31 0000808450 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-31 0000808450 nav:ConvertibleJuniorPreferenceStockSeriesDMember 2018-07-31 0000808450 us-gaap:RetainedEarningsMember 2018-07-31 0000808450 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2019-07-31 0000808450 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2019-07-31 0000808450 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2019-05-01 2019-07-31 0000808450 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2019-05-01 2019-07-31 0000808450 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-11-01 2019-07-31 0000808450 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-11-01 2019-07-31 0000808450 nav:NavistarDefenseMember 2019-05-01 2019-07-31 0000808450 nav:FinancialServicesOperationsMember nav:VariableInterestEntityPrimaryBeneficiaryTransactionDoesNotQualifyForSaleAccountingMember 2018-10-31 0000808450 nav:TratonGroupMember 2019-07-31 0000808450 nav:FinancialServicesOperationsMember nav:VariableInterestEntityPrimaryBeneficiarySecuritizationsTreatedAsBorrowingsMember 2018-10-31 0000808450 us-gaap:DisposalGroupHeldForSaleOrDisposedOfBySaleNotDiscontinuedOperationsMember 2019-01-31 0000808450 nav:TratonGroupMember 2019-05-01 2019-07-31 0000808450 nav:VariableInterestEntityPrimaryBeneficiaryBlueDiamondPartsMember 2018-10-31 0000808450 nav:VariableInterestEntityPrimaryBeneficiaryBlueDiamondPartsMember 2019-07-31 0000808450 nav:NavistarDefenseMember 2018-11-01 2019-07-31 0000808450 nav:FinancialServicesOperationsMember nav:VariableInterestEntityPrimaryBeneficiarySecuritizationsTreatedAsBorrowingsMember 2019-07-31 0000808450 nav:TratonGroupMember 2017-11-01 2018-07-31 0000808450 nav:NumberOfEmployeesSalariedWorkersMember us-gaap:UnionizedEmployeesConcentrationRiskMember 2019-07-31 0000808450 nav:TratonGroupMember 2018-11-01 2019-07-31 0000808450 nav:NumberOfEmployeesHourlyWorkersMember us-gaap:UnionizedEmployeesConcentrationRiskMember 2019-07-31 0000808450 nav:FinancialServicesOperationsMember nav:VariableInterestEntityPrimaryBeneficiaryTransactionDoesNotQualifyForSaleAccountingMember 2019-07-31 0000808450 nav:TratonGroupMember 2018-05-01 2018-07-31 0000808450 nav:TratonGroupMember 2018-10-31 0000808450 nav:Increaseindeferredrevenueduetoadoptionof606Domain 2019-01-31 0000808450 nav:NavistarDefenseMember 2019-07-31 0000808450 2019-01-31 0000808450 2018-11-01 0000808450 us-gaap:CalculatedUnderRevenueGuidanceInEffectBeforeTopic606Member 2018-10-31 0000808450 us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member 2018-11-01 0000808450 nav:TruckContractManufacturingMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember 2018-11-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember 2018-11-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:RetailMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember nav:GlobalOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember nav:CorporateAndEliminationsMember 2018-11-01 2019-07-31 0000808450 nav:EnginesMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 us-gaap:ProductMember nav:FinancialServicesOperationsMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember nav:NorthAmericaTruckMember 2018-11-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember 2018-11-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:NorthAmericaPartsMember 2018-11-01 2019-07-31 0000808450 nav:PartsMember 2018-11-01 2019-07-31 0000808450 nav:WholesaleFinancingMember 2017-11-01 2018-07-31 0000808450 2019-02-01 2019-07-31 0000808450 2020-11-01 2019-07-31 0000808450 nav:MilitarySalesMember 2018-11-01 2018-12-31 0000808450 2023-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember 2018-05-01 2018-07-31 0000808450 us-gaap:RetailMember 2019-05-01 2019-07-31 0000808450 2019-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember 2017-11-01 2018-07-31 0000808450 nav:WholesaleFinancingMember 2019-05-01 2019-07-31 0000808450 2022-11-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember 2018-10-31 0000808450 nav:NavistarDefenseMember 2018-12-01 2018-12-31 0000808450 nav:ExtendedWarrantyProgramsMember 2019-05-01 2019-07-31 0000808450 2021-11-01 2019-07-31 0000808450 us-gaap:RetailMember 2018-05-01 2018-07-31 0000808450 nav:ExtendedWarrantyProgramsMember 2019-07-31 0000808450 us-gaap:RetailMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember 2019-05-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember 2019-05-01 2019-07-31 0000808450 nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 us-gaap:RetailMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:RetailMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:RetailMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:WholesaleFinancingMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckProductsAndServicesMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember 2019-05-01 2019-07-31 0000808450 us-gaap:RetailMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:ExtendedWarrantyProgramsMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 nav:TruckContractManufacturingMember nav:GlobalOperationsMember 2019-05-01 2019-07-31 0000808450 us-gaap:ProductMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember nav:FinancialServicesOperationsMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember nav:NorthAmericaPartsMember 2019-05-01 2019-07-31 0000808450 nav:EnginesMember 2019-05-01 2019-07-31 0000808450 nav:CorporateAndEliminationsMember 2019-05-01 2019-07-31 0000808450 nav:PartsMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember nav:NorthAmericaTruckMember 2019-05-01 2019-07-31 0000808450 nav:UsedTrucksMember 2019-05-01 2019-07-31 0000808450 nav:LonglivedassetDomain nav:NorthAmericaTruckMember 2017-11-01 2018-07-31 0000808450 nav:CherokeeDomain nav:LonglivedassetDomain 2017-11-01 2018-07-31 0000808450 nav:MelroseParkMember 2017-05-01 2017-07-31 0000808450 us-gaap:AssetsLeasedToOthersMember 2018-05-01 2018-07-31 0000808450 us-gaap:AssetsLeasedToOthersMember 2018-11-01 2019-07-31 0000808450 us-gaap:AssetsLeasedToOthersMember 2017-11-01 2018-07-31 0000808450 nav:MelroseParkMember 2018-05-01 2018-07-31 0000808450 us-gaap:AssetsLeasedToOthersMember 2019-05-01 2019-07-31 0000808450 nav:GlobalOperationsMember 2018-05-01 2018-07-31 0000808450 nav:NavistarDefenseMember 2018-12-01 2018-12-31 0000808450 nav:LonglivedassetDomain nav:FinancialServicesOperationsMember 2017-11-01 2018-07-31 0000808450 2017-08-01 2017-10-31 0000808450 nav:WholesalePortfolioMember 2019-07-31 0000808450 nav:RetailPortfolioMember 2019-07-31 0000808450 nav:WholesalePortfolioMember 2018-10-31 0000808450 nav:RetailPortfolioMember 2018-10-31 0000808450 nav:TracFundingFacilityMember 2019-07-31 0000808450 nav:TracFundingFacilityMember 2018-10-31 0000808450 nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:NotesReceivableMember nav:WholesalePortfolioMember 2017-11-01 2018-07-31 0000808450 us-gaap:NotesReceivableMember nav:WholesalePortfolioMember 2018-11-01 2019-07-31 0000808450 us-gaap:FinanceReceivablesMember 2018-05-01 2018-07-31 0000808450 nav:RetailAndWholesalePortfoliosMember 2018-11-01 2019-07-31 0000808450 nav:RetailAndWholesalePortfoliosMember 2017-11-01 2018-07-31 0000808450 nav:RetailAndWholesalePortfoliosMember 2018-05-01 2018-07-31 0000808450 us-gaap:FinanceReceivablesMember 2018-11-01 2019-07-31 0000808450 us-gaap:FinanceReceivablesMember 2019-05-01 2019-07-31 0000808450 nav:RetailAndWholesalePortfoliosMember 2019-05-01 2019-07-31 0000808450 us-gaap:FinanceReceivablesMember 2017-11-01 2018-07-31 0000808450 nav:FinancialServicesOperationsMember 2017-11-01 2018-07-31 0000808450 us-gaap:NotesReceivableMember nav:WholesalePortfolioMember 2019-05-01 2019-07-31 0000808450 us-gaap:NotesReceivableMember nav:WholesalePortfolioMember 2018-05-01 2018-07-31 0000808450 nav:FinancialServicesOperationsMember 2018-05-01 2018-07-31 0000808450 nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:RetailPortfolioMember 2019-05-01 2019-07-31 0000808450 nav:WholesalePortfolioMember 2019-05-01 2019-07-31 0000808450 nav:WholesalePortfolioMember 2019-04-30 0000808450 nav:TradeAndOtherReceivablesMember 2018-04-30 0000808450 nav:TradeAndOtherReceivablesMember 2018-05-01 2018-07-31 0000808450 nav:RetailPortfolioMember 2019-05-01 2019-07-31 0000808450 nav:RetailPortfolioMember 2018-05-01 2018-07-31 0000808450 nav:RetailPortfolioMember 2019-07-31 0000808450 nav:WholesalePortfolioMember 2018-07-31 0000808450 2019-04-30 0000808450 nav:WholesalePortfolioMember 2018-05-01 2018-07-31 0000808450 nav:RetailPortfolioMember 2018-04-30 0000808450 nav:WholesalePortfolioMember 2018-04-30 0000808450 nav:TradeAndOtherReceivablesMember 2019-05-01 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2018-07-31 0000808450 nav:WholesalePortfolioMember 2019-05-01 2019-07-31 0000808450 2018-04-30 0000808450 us-gaap:AllowanceForCreditLossMember 2019-05-01 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2019-04-30 0000808450 nav:TradeAndOtherReceivablesMember 2019-05-01 2019-07-31 0000808450 nav:RetailPortfolioMember 2018-07-31 0000808450 nav:WholesalePortfolioMember 2019-07-31 0000808450 nav:RetailPortfolioMember 2019-04-30 0000808450 nav:RetailPortfolioMember 2018-10-31 0000808450 nav:WholesalePortfolioMember 2018-10-31 0000808450 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-07-31 0000808450 nav:RetailPortfolioMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-10-31 0000808450 nav:RetailPortfolioMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-07-31 0000808450 nav:WholesalePortfolioMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-10-31 0000808450 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-10-31 0000808450 nav:WholesalePortfolioMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-07-31 0000808450 nav:RetailPortfolioMember 2018-11-01 2019-07-31 0000808450 nav:RetailPortfolioMember 2017-11-01 2018-07-31 0000808450 nav:WholesalePortfolioMember nav:FinanceReceivableNonAccrualStatusMember 2019-07-31 0000808450 nav:WholesalePortfolioMember nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2018-10-31 0000808450 nav:FinanceReceivableNonAccrualStatusMember 2018-10-31 0000808450 nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2018-10-31 0000808450 nav:FinanceReceivableNonAccrualStatusMember 2019-07-31 0000808450 nav:WholesalePortfolioMember nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2019-07-31 0000808450 nav:RetailPortfolioMember nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2019-07-31 0000808450 nav:WholesalePortfolioMember nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2018-10-31 0000808450 nav:RetailPortfolioMember nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2018-10-31 0000808450 nav:RetailPortfolioMember nav:FinanceReceivableNonAccrualStatusMember 2018-10-31 0000808450 nav:RetailPortfolioMember nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2018-10-31 0000808450 nav:RetailPortfolioMember nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2018-10-31 0000808450 nav:WholesalePortfolioMember nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2019-07-31 0000808450 nav:RetailPortfolioMember nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2019-07-31 0000808450 nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2019-07-31 0000808450 nav:WholesalePortfolioMember nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2019-07-31 0000808450 nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2019-07-31 0000808450 nav:RetailPortfolioMember nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2019-07-31 0000808450 nav:ImpairedFinancingReceivableWithoutSpecificLossReservesMember 2018-10-31 0000808450 nav:WholesalePortfolioMember nav:ImpairedFinanceReceivablesWithSpecificLossReservesMember 2018-10-31 0000808450 nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2019-07-31 0000808450 nav:SpecificLossReservesOnImpairedFinanceReceivablesMember 2018-10-31 0000808450 nav:WholesalePortfolioMember nav:FinanceReceivableNonAccrualStatusMember 2018-10-31 0000808450 nav:RetailPortfolioMember nav:FinanceReceivableNonAccrualStatusMember 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2018-10-31 0000808450 nav:WholesalePortfolioMember 2018-11-01 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2017-10-31 0000808450 nav:WholesalePortfolioMember 2017-10-31 0000808450 nav:TradeAndOtherReceivablesMember 2017-11-01 2018-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2018-11-01 2019-07-31 0000808450 nav:WholesalePortfolioMember 2017-11-01 2018-07-31 0000808450 nav:WholesalePortfolioMember 2018-11-01 2019-07-31 0000808450 nav:TradeAndOtherReceivablesMember 2018-11-01 2019-07-31 0000808450 us-gaap:AllowanceForCreditLossMember 2018-11-01 2019-07-31 0000808450 nav:RetailPortfolioMember 2018-11-01 2019-07-31 0000808450 nav:RetailPortfolioMember 2017-10-31 0000808450 nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:TermLoanMember 2019-07-31 0000808450 us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 nav:TermLoanMember 2018-10-31 0000808450 us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 nav:TracFundingFacilityMember nav:FinancialServicesOperationsMember 2019-03-31 0000808450 nav:VfnFacilityMember nav:FinancialServicesOperationsMember 2019-04-30 0000808450 nav:VfnFacilityMember nav:FinancialServicesOperationsMember 2019-03-31 0000808450 nav:VfnFacilityMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 nav:TracFundingFacilityMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:RevolvingCreditFacilityMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 nav:InvestorNotesMember 2019-07-31 0000808450 us-gaap:RevolvingCreditFacilityMember nav:FinancialServicesOperationsMember 2019-05-01 0000808450 us-gaap:NotesPayableToBanksMember nav:FinancialServicesOperationsMember 2019-05-01 0000808450 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-05-01 2019-07-31 0000808450 us-gaap:PensionPlansDefinedBenefitMember 2018-11-01 2019-07-31 0000808450 us-gaap:PensionPlansDefinedBenefitMember 2017-11-01 2018-07-31 0000808450 us-gaap:PensionPlansDefinedBenefitMember 2019-05-01 2019-07-31 0000808450 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-11-01 2019-07-31 0000808450 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-05-01 2018-07-31 0000808450 us-gaap:PensionPlansDefinedBenefitMember 2018-05-01 2018-07-31 0000808450 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2017-11-01 2018-07-31 0000808450 2016-11-01 2017-01-31 0000808450 us-gaap:OtherComprehensiveIncomeMember 2018-11-01 2019-07-31 0000808450 2019-01-01 2019-01-31 0000808450 2018-01-01 2018-01-31 0000808450 nav:TaxExemptBondMember 2019-07-31 0000808450 us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member nav:TermLoanMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member nav:TermLoanMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TermLoanMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:TermLoanMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:SeniorNotesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member nav:TermLoanMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-07-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-07-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-10-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityContractMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateCapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-07-31 0000808450 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-07-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-10-31 0000808450 us-gaap:GuaranteesMember 2019-05-01 2019-07-31 0000808450 us-gaap:GuaranteesMember 2019-07-31 0000808450 us-gaap:GuaranteesMember 2018-10-31 0000808450 us-gaap:GuaranteesMember 2017-11-01 2018-07-31 0000808450 us-gaap:GuaranteesMember 2018-05-01 2018-07-31 0000808450 us-gaap:GuaranteesMember 2019-04-30 0000808450 us-gaap:GuaranteesMember 2018-07-31 0000808450 us-gaap:GuaranteesMember 2018-11-01 2019-07-31 0000808450 us-gaap:GuaranteesMember 2018-04-30 0000808450 us-gaap:GuaranteesMember 2017-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member nav:TermLoanMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member nav:TermLoanMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TermLoanMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:TermLoanMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember nav:TaxExemptBondMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommercialPaperMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableOtherPayablesMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:BorrowingsSecuredByOperatingAndFinanceLeasesMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:EstimateOfFairValueFairValueDisclosureMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:EightPointTwoFivePercentSeniorNotesMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:NotesPayableToBanksMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel2Member nav:TermLoanMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:LineOfCreditMember nav:FinancialServicesOperationsMember 2018-10-31 0000808450 nav:FourPointFiveZeroSeniorSubordinatedConvertibleNotesMember us-gaap:ConvertibleSubordinatedDebtMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:MaxxForceEngineEGRWarrantyLitigationMember 2018-05-01 2018-07-31 0000808450 2015-07-16 2015-07-16 0000808450 nav:MaxxForceEngineEGRWarrantyLitigationMember 2018-11-01 2019-07-31 0000808450 nav:GEOperatingAgreementMember 2018-10-31 0000808450 nav:SaoPauloGroundwaterNoticeMember nav:SanctionsMember 2018-11-01 2019-07-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember 2018-11-01 2019-07-31 0000808450 2016-10-01 2016-10-31 0000808450 nav:NavitrucksMember nav:CostsofarbitralproceedingsMember currency:USD 2018-08-01 2018-10-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember currency:BRL 2013-11-01 2014-01-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember currency:BRL 2018-11-01 2019-04-30 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember currency:USD 2019-05-01 2019-07-31 0000808450 nav:GEOperatingAgreementMember 2019-07-31 0000808450 nav:MaxxForceEngineEGRWarrantyLitigationMember 2019-04-30 2019-04-30 0000808450 nav:MaxxForceEngineEGRWarrantyLitigationMember srt:MaximumMember 2019-07-31 0000808450 nav:GEOperatingAgreementMember 2018-10-31 0000808450 nav:InternationalChamberofCommerceMember nav:PenaltiesandInterestMember currency:BRL 2013-11-01 2014-01-31 0000808450 2016-08-01 2016-10-31 0000808450 nav:NavitrucksMember nav:ReimbursementofLegalFeesMember currency:BRL 2019-05-01 2019-07-31 0000808450 us-gaap:CashMember nav:MaxxForceEngineEGRWarrantyLitigationMember 2019-07-31 0000808450 nav:GEOperatingAgreementMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2018-10-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember currency:BRL 2019-05-01 2019-07-31 0000808450 nav:IIAAMember nav:CostsofarbitralproceedingsMember currency:BRL 2018-11-01 2019-04-30 0000808450 nav:NavitrucksMember nav:ReimbursementofLegalFeesMember currency:USD 2019-05-01 2019-07-31 0000808450 nav:RebateMember nav:MaxxForceEngineEGRWarrantyLitigationMember 2019-07-31 0000808450 nav:InternationalIndstriadeMotoresdaAmricadoSulLtdaMember nav:OtherCasesVs.InternationalIndstriadeMotoresdaAmricadoSulLtdaMember us-gaap:PendingLitigationMember 2018-11-01 2019-07-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember 2018-08-01 2018-10-31 0000808450 nav:InternationalChamberofCommerceMember nav:PenaltiesandInterestMember 2018-11-01 2019-07-31 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember currency:BRL 2018-08-01 2018-10-31 0000808450 nav:CARBMember 2018-11-01 2019-07-31 0000808450 nav:FatmaNoticeTrialMember nav:PenaltiesMember us-gaap:PendingLitigationMember 2010-05-01 2010-07-31 0000808450 nav:FatmaNoticeTrialMember nav:PenaltiesMember us-gaap:PendingLitigationMember 2018-11-01 2019-07-31 0000808450 nav:GEOperatingAgreementMember nav:FinancedLeaseObligationsMember nav:ManufacturingOperationsMember 2019-07-31 0000808450 nav:GEOperatingAgreementMember 2019-07-31 0000808450 us-gaap:DisputesMember nav:ProfitSharingLitigationMember us-gaap:PendingLitigationMember 2016-08-01 2016-10-31 0000808450 nav:EPAMember srt:MaximumMember us-gaap:DamagesFromProductDefectsMember 2015-07-16 2015-07-16 0000808450 nav:NavitrucksMember nav:AllegedUnfulfilledPromisesandInjurytoReputationMember 2019-05-01 2019-07-31 0000808450 nav:RetireeHealthCareMember 2018-11-01 2019-07-31 0000808450 nav:IIAAMember nav:CostsofarbitralproceedingsMember currency:USD 2018-08-01 2018-10-31 0000808450 2015-07-31 0000808450 2014-05-01 2014-07-31 0000808450 nav:SaoPauloGroundwaterNoticeMember nav:SanctionsMember 2014-03-01 2014-03-31 0000808450 nav:MaxxForceEngineEGRWarrantyLitigationMember 2019-07-31 0000808450 nav:EPAMember srt:MinimumMember us-gaap:DamagesFromProductDefectsMember 2015-07-16 2015-07-16 0000808450 nav:NavitrucksMember nav:CostsofarbitralproceedingsMember currency:BRL 2018-08-01 2018-10-31 0000808450 nav:GlobalOperationsMember 2017-11-01 2018-07-31 0000808450 nav:NorthAmericaTruckMember 2017-11-01 2018-07-31 0000808450 nav:NorthAmericaPartsMember 2017-11-01 2018-07-31 0000808450 nav:CorporateAndEliminationsMember 2017-11-01 2018-07-31 0000808450 nav:CorporateAndEliminationsMember 2018-05-01 2018-07-31 0000808450 nav:NorthAmericaTruckMember 2018-05-01 2018-07-31 0000808450 nav:NorthAmericaPartsMember 2018-05-01 2018-07-31 0000808450 nav:NorthAmericaPartsMember 2018-10-31 0000808450 nav:NorthAmericaTruckMember 2019-07-31 0000808450 nav:CorporateAndEliminationsMember 2019-07-31 0000808450 nav:NorthAmericaTruckMember 2018-10-31 0000808450 nav:CorporateAndEliminationsMember 2018-10-31 0000808450 nav:GlobalOperationsMember 2019-07-31 0000808450 nav:NorthAmericaPartsMember 2019-07-31 0000808450 nav:GlobalOperationsMember 2018-10-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2018-05-01 2018-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-04-30 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2018-04-30 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-05-01 2018-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-04-30 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2019-05-01 2019-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-05-01 2019-07-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2019-04-30 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-11-01 2018-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-10-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2017-11-01 2018-07-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2017-10-31 0000808450 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-05-01 2019-07-31 0000808450 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-11-01 2019-07-31 0000808450 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-11-01 2018-07-31 0000808450 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-05-01 2018-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-11-01 2019-07-31 0000808450 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-10-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2018-11-01 2019-07-31 0000808450 us-gaap:AccumulatedTranslationAdjustmentMember 2018-10-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember 2019-05-01 2019-07-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember 2017-11-01 2018-07-31 0000808450 nav:FourPointFiveZeroSeniorSubordinatedConvertibleNotesMember 2017-11-01 2018-07-31 0000808450 us-gaap:ConvertibleDebtSecuritiesMember nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember 2019-05-01 2019-07-31 0000808450 us-gaap:ConvertibleDebtSecuritiesMember nav:FourPointFiveZeroSeniorSubordinatedConvertibleNotesMember 2019-07-31 0000808450 us-gaap:ConvertibleDebtSecuritiesMember nav:FourPointFiveZeroSeniorSubordinatedConvertibleNotesMember 2019-05-01 2019-07-31 0000808450 nav:FourPointFiveZeroSeniorSubordinatedConvertibleNotesMember 2018-11-01 2019-07-31 0000808450 nav:FourPointSevenFiveSeniorSubordinatedConvertibleNotesMemberMember 2018-11-01 2019-07-31 nav:segments xbrli:pure nav:employees xbrli:shares iso4217:USD iso4217:USD xbrli:shares nav:members iso4217:BRL nav:engine nav:dealer nav:class nav:lawsuits
 
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________
Form 10-Q
___________________________________________________
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended July 31, 2019

OR
TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____ to _____.        
   Commission file number 1-9618
___________________________________________________

  navistar_logoa04a01a01a02a13.jpg
NAVISTAR INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
_______________________________________________
Delaware
 
 
36-3359573
(State or other jurisdiction of incorporation or organization)
 
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
2701 Navistar Drive

 

Lisle
Illinois
 
 
60532
(Address of principal executive offices)
 
 
(Zip Code)
Registrant’s telephone number, including area code (331332-5000
______________________________________________________
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.10
NAV
New York Stock Exchange
Cumulative convertible junior preference stock, Series D (par value $1.00)
NAV-D
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  þ    No  o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
þ
  
Accelerated filer
 
o
Non-accelerated filer
 
o
  
Smaller reporting company
 
 
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes       No  þ
As of August 31, 2019, the number of shares outstanding of the registrant’s common stock was 99,205,588, net of treasury shares.
 
 
 
 
 



NAVISTAR INTERNATIONAL CORPORATION FORM 10-Q
TABLE OF CONTENTS
 
 
 
Page
PART I—Financial Information
Item 1.
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2.
 
Item 3.
 
Item 4.
 
 
 
 
 
PART II
Item 1.
 
Item 1A.
 
Item 2.
 
Item 3.
 
Item 4.
 
Item 5.
 
Item 6.
 
 
 

2






Disclosure Regarding Forward-Looking Statements

Information provided and statements contained in this report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and Navistar International Corporation assumes no obligation to update the information included in this report.
Such forward-looking statements include, but are not limited to, statements concerning:
estimates we have made in preparing our financial statements;
our expectations and estimates relating to the impact of the federal Tax Cuts and Jobs Act (the “Tax Act”) on our business and financial condition;
the implementation of, and expected benefits from, our strategic alliance with TRATON SE and certain of its subsidiaries and affiliates ("TRATON Group");
our development and launch of new products and technologies;
anticipated sales, volume, demand, markets for our products, and financial performance;
anticipated performance and benefits of our products and technologies;
our business strategies relating to, and our ability to meet, federal and state regulatory heavy-duty diesel emissions standards applicable to certain of our engines, including the timing and costs of compliance and consequences of noncompliance with such standards, as well as our ability to meet other federal, state and foreign regulatory requirements;
our business strategies and short-term and long-term goals and activities to accomplish such strategies and goals;
our ability to implement our strategy focused on growing the core business (i.e., the truck and parts markets for the United States and Canada, where we participate primarily in the Class 6 through 8 vehicle market segments (the “Core” business and “Core” markets)), driving operational excellence, pursuing innovative technology solutions, leveraging the TRATON Group strategic alliance, continuing our commitment to a customer-centric approach, enhancing cross functional teamwork and our winning culture, and improving our financial performance, as well as the results we expect to achieve from the implementation of our strategy;
our expectations related to new product launches;
anticipated results from the realignment of our leadership and management structure;
anticipated results from acquisitions, dispositions, strategic alliances, and joint ventures we complete;
our expectations and estimates relating to restructuring activities, including restructuring charges and timing of cash payments related thereto, and operational flexibility, savings, and efficiencies from such restructurings;
our expectations relating to debt refinancing activities;
our expectations relating to the potential effects of anticipated divestitures and closures of businesses;
our expectations relating to our cost-reduction actions and actions to reduce discretionary spending;
our expectations relating to our ability to service our long-term debt;
our expectations relating to our wholesale and retail finance receivables and revenues;
our expectations relating to liabilities resulting from environmental, health and safety laws and regulations;
our anticipated capital expenditures;
our expectations relating to payments of taxes;
our expectations relating to warranty costs;
our expectations relating to interest expense;
our expectations relating to impairment of goodwill and other assets;
our expectations relating to litigation costs (including, without limitation, the MaxxForce Advanced EGR engine lawsuits) and similar matters;
estimates relating to pension plan contributions and unfunded pension and postretirement benefits;
our expectations relating to commodity price risk, including the impact of tariff increases or potential new tariffs; and
anticipated trends, expectations, and outlook relating to matters affecting our financial condition or results of operations.

3





These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our results of operations and could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause or contribute to differences in our future financial results include those discussed in Item 1A, Risk Factors, included within our Annual Report on Form 10-K for the fiscal year ended October 31, 2018 which was filed on December 18, 2018, as well as those factors discussed elsewhere in this report. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.
Available Information
We are subject to the reporting and information requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as a result, are obligated to file annual, quarterly, and current reports, proxy statements, and other information with the United States ("U.S.") Securities and Exchange Commission ("SEC"). We make these filings available free of charge on our website (http://www.navistar.com) as soon as reasonably practicable after we electronically file them with, or furnish them to, the SEC. Information on our website does not constitute part of this Quarterly Report on Form 10-Q. In addition, the SEC maintains a website (http://www.sec.gov) that contains our annual, quarterly, and current reports, proxy and information statements, and other information we electronically file with, or furnish to, the SEC.

4





PART I—Financial Information
Item 1.
Financial Statements
Navistar International Corporation and Subsidiaries
Consolidated Statements of Operations
(Unaudited)
 
Three Months Ended July 31,
 
Nine Months Ended July 31,
(in millions, except per share data)
2019
 
2018
 
2019

2018
Sales and revenues
 
 
 
 
 
 
 
Sales of manufactured products, net
$
2,996

 
$
2,566

 
$
8,330

 
$
6,815

Finance revenues
46

 
40

 
141

 
118

Sales and revenues, net
3,042

 
2,606

 
8,471

 
6,933

Costs and expenses
 
 
 
 
 
 
 
Costs of products sold
2,501

 
2,096

 
6,973

 
5,615

Restructuring charges

 
1

 
1

 
(1
)
Asset impairment charges
3

 
8

 
6

 
11

Selling, general and administrative expenses
167

 
222

 
726

 
613

Engineering and product development costs
81

 
72

 
242

 
222

Interest expense
76

 
82

 
243

 
240

Other expense (income), net
25

 
(55
)
 
140

 
36

Total costs and expenses
2,853

 
2,426

 
8,331

 
6,736

Equity in income of non-consolidated affiliates
1

 

 
4

 

Income before income tax
190

 
180

 
144

 
197

Income tax expense
(29
)
 
(3
)
 
(9
)
 
(25
)
Net income
161

 
177

 
135


172

Less: Net income attributable to non-controlling interests
5

 
7

 
16

 
20

Net income attributable to Navistar International Corporation
$
156

 
$
170

 
$
119

 
$
152

 
 
 
 
 
 
 

Income per share attributable to Navistar International Corporation:
 
 
 
 
 
 
 
Basic
$
1.57

 
$
1.72

 
$
1.20

 
$
1.54

Diluted
1.56

 
1.71

 
1.20

 
1.53

 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
99.4

 
99.0

 
99.2

 
98.8

Diluted
99.7

 
99.7

 
99.5

 
99.6


See Notes to Consolidated Financial Statements
5



Navistar International Corporation and Subsidiaries
Consolidated Statements of Comprehensive Income
(Unaudited) 
(in millions)
Three Months Ended July 31,
 
Nine Months Ended July 31,
2019

2018
 
2019
 
2018
Net income
$
161

 
$
177

 
$
135

 
$
172

Other comprehensive income (loss):
 
 
 
 
 
 
 
Foreign currency translation adjustment
9

 
(13
)
 
5

 
(19
)
Defined benefit plans, net of tax
23

 
29

 
161

 
92

Total other comprehensive income
32

 
16

 
166

 
73

Comprehensive income
193

 
193

 
301

 
245

Less: Net income attributable to non-controlling interests
5

 
7

 
16

 
20

Total comprehensive income attributable to Navistar International Corporation
$
188

 
$
186

 
$
285

 
$
225


See Notes to Consolidated Financial Statements
6



Navistar International Corporation and Subsidiaries
Consolidated Balance Sheets
 
As of July 31, 2019
 
As of October 31, 2018
(in millions, except per share data)
 
 
 
ASSETS
(Unaudited)
 
 
Current assets
 
 
 
Cash and cash equivalents
$
1,160

 
$
1,320

Restricted cash and cash equivalents
79

 
62

Marketable securities
3

 
101

Trade and other receivables, net
429

 
456

Finance receivables, net
2,187

 
1,898

Inventories, net
1,195

 
1,110

Other current assets
273

 
189

Total current assets
5,326

 
5,136

Restricted cash
57

 
63

Trade and other receivables, net
12

 
49

Finance receivables, net
275

 
260

Investments in non-consolidated affiliates
33

 
50

Property and equipment (net of accumulated depreciation and amortization of $2,463 and $2,498, respectively)
1,290

 
1,370

Goodwill
38

 
38

Intangible assets (net of accumulated amortization of $142 and $140, respectively)
27

 
30

Deferred taxes, net
124

 
121

Other noncurrent assets
112

 
113

Total assets
$
7,294

 
$
7,230

LIABILITIES and STOCKHOLDERS’ DEFICIT
 
 
 
Liabilities
 
 
 
Current liabilities
 
 
 
Notes payable and current maturities of long-term debt
$
676

 
$
946

Accounts payable
1,806

 
1,606

Other current liabilities
1,323

 
1,255

Total current liabilities
3,805

 
3,807

Long-term debt
4,528

 
4,521

Postretirement benefits liabilities
1,929

 
2,097

Other noncurrent liabilities
692

 
731

Total liabilities
10,954

 
11,156

Stockholders’ deficit
 
 
 
Series D convertible junior preference stock
2

 
2

Common stock, $0.10 par value per share (103.1 shares issued and 220 shares authorized at both dates)
10

 
10

Additional paid-in capital
2,730

 
2,731

Accumulated deficit
(4,501
)
 
(4,593
)
Accumulated other comprehensive loss
(1,754
)
 
(1,920
)
Common stock held in treasury, at cost (3.9 and 4.2 shares, respectively)
(150
)
 
(161
)
Total stockholders’ deficit attributable to Navistar International Corporation
(3,663
)
 
(3,931
)
Stockholders’ equity attributable to non-controlling interests
3

 
5

Total stockholders’ deficit
(3,660
)
 
(3,926
)
Total liabilities and stockholders’ deficit
$
7,294

 
$
7,230


See Notes to Consolidated Financial Statements
7



Navistar International Corporation and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
 
Nine Months Ended July 31,
(in millions)
2019
 
2018
Cash flows from operating activities
 
 
 
Net income
$
135

 
$
172

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
 
Depreciation and amortization
99

 
107

Depreciation of equipment leased to others
45

 
53

Deferred taxes, including change in valuation allowance
(41
)
 
(3
)
Asset impairment charges
6

 
11

Gain on sales of investments and businesses, net
(56
)
 

Amortization of debt issuance costs and discount
15

 
23

Stock-based compensation
20

 
27

Provision for doubtful accounts
8

 
6

Equity in income of non-consolidated affiliates, net of dividends
(3
)
 
4

Write-off of debt issuance costs and discount
6

 
43

Other non-cash operating activities
(6
)
 
(17
)
Changes in other assets and liabilities, exclusive of the effects of businesses disposed
(124
)
 
(606
)
Net cash provided by (used in) operating activities
104

 
(180
)
Cash flows from investing activities
 
 
 
Purchases of marketable securities

 
(214
)
Sales of marketable securities

 
460

Maturities of marketable securities
98

 
29

Capital expenditures
(90
)
 
(79
)
Purchases of equipment leased to others
(130
)
 
(142
)
Proceeds from sales of property and equipment
12

 
9

Proceeds from sales of investments and businesses
100

 
(3
)
Other investing activities
1

 

Net cash provided by (used in) investing activities
(9
)
 
60

Cash flows from financing activities
 
 
 
Proceeds from issuance of securitized debt
331

 
32

Principal payments on securitized debt
(300
)
 
(50
)
Net change in secured revolving credit facilities
120

 
64

Proceeds from issuance of non-securitized debt
144

 
3,210

Principal payments on non-securitized debt
(988
)
 
(2,669
)
Net change in notes and debt outstanding under revolving credit facilities
469

 
(52
)
Debt issuance costs
(9
)
 
(36
)
Proceeds from financed lease obligations
13

 
48

Proceeds from exercise of stock options
3

 
7

Dividends paid by subsidiaries to non-controlling interest
(18
)
 
(19
)
Other financing activities
(2
)
 
(17
)
Net cash provided by (used in) financing activities
(237
)
 
518

Effect of exchange rate changes on cash, cash equivalents and restricted cash
(7
)
 
(16
)
Increase (decrease) in cash, cash equivalents and restricted cash
(149
)
 
382

Cash, cash equivalents and restricted cash at beginning of the period
1,445

 
840

Cash, cash equivalents and restricted cash at end of the period
$
1,296

 
$
1,222


See Notes to Consolidated Financial Statements
8



Navistar International Corporation and Subsidiaries
Consolidated Statements of Stockholders' Deficit
(Unaudited)
(in millions)
Series D
Convertible
Junior
Preference
Stock
 
Common
Stock
 
Additional
Paid-in
Capital
 
Accumulated
Deficit
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Common
Stock
Held in
Treasury,
at cost
 
Stockholders'
Equity
Attributable
to Non-controlling
Interests
 
Total
Balance as of October 31, 2018
$
2

 
$
10

 
$
2,731

 
$
(4,593
)
 
$
(1,920
)
 
$
(161
)
 
$
5

 
$
(3,926
)
Net income

 

 

 
119

 

 

 
16

 
135

Total other comprehensive income

 

 

 

 
166

 

 

 
166

ASC-606 modified retrospective adoption

 

 

 
(27
)
 

 

 

 
(27
)
Stock-based compensation

 

 
9

 

 

 

 

 
9

Stock ownership programs

 

 
(10
)
 

 

 
11

 

 
1

Cash dividends paid to non-controlling interest

 

 

 

 

 

 
(18
)
 
(18
)
Balance as of July 31, 2019
$
2

 
$
10

 
$
2,730

 
$
(4,501
)
 
$
(1,754
)
 
$
(150
)
 
$
3

 
$
(3,660
)
Balance as of October 31, 2017
$
2

 
$
10

 
$
2,733

 
$
(4,933
)
 
$
(2,211
)
 
$
(179
)
 
$
4

 
$
(4,574
)
Net income

 

 

 
152

 

 

 
20

 
172

Total other comprehensive income

 

 

 

 
73

 

 

 
73

Stock-based compensation

 

 
9

 

 

 

 

 
9

Stock ownership programs

 

 
(10
)
 

 

 
16

 

 
6

Cash dividends paid to non-controlling interest

 

 

 

 

 

 
(19
)
 
(19
)
Stock deferral and issuance - directors

 

 
(1
)
 

 

 

 

 
(1
)
Balance as of July 31, 2018
$
2<