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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 28, 2019
Jul. 29, 2018
Jul. 28, 2019
Jul. 29, 2018
Revenues        
Finance income earned on retail notes $ 241.5 $ 193.7 $ 665.0 $ 562.6
Revolving charge account income 94.3 91.7 243.0 235.6
Finance income earned on wholesale receivables 141.9 122.8 400.9 332.0
Lease revenues 256.7 231.2 741.6 670.9
Other income 7.4 21.7 55.1 62.7
Total revenues 741.8 661.1 2,105.6 1,863.8
Expenses        
Interest expense 256.2 196.1 734.7 530.5
Operating expenses:        
Administrative and operating expenses 102.6 92.4 313.3 306.7
Fees paid to John Deere 15.2 22.0 42.0 55.0
Provision for credit losses 23.4 27.6 50.3 43.7
Depreciation of equipment on operating leases 188.0 173.3 544.3 511.1
Total operating expenses 329.2 315.3 949.9 916.5
Total expenses 585.4 511.4 1,684.6 1,447.0
Income of consolidated group before income taxes 156.4 149.7 421.0 416.8
Provision (credit) for income taxes 11.8 30.0 71.4 (220.3)
Income of consolidated group 144.6 119.7 349.6 637.1
Equity in income of unconsolidated affiliate 0.4 0.4 1.4 1.6
Net income 145.0 120.1 351.0 638.7
Less: Net income (loss) attributable to noncontrolling interests 0.2 (0.1) 0.2 (0.1)
Net income attributable to the Company $ 144.8 $ 120.2 $ 350.8 $ 638.8