Other Income and Administrative and Operating Expenses

12 Months Ended

Nov. 03, 2019

Other Income and Administrative and Operating Expenses

Other Income and Administrative and Operating Expenses

Note 17. Other Income and Administrative and Operating Expenses

The major components of other income and administrative and operating expenses were as follows (in millions of dollars):

	2019		2018		2017
Other income
Fees from customers *			$	22.4	$	31.0
Fees from John Deere	$	30.7		20.1		11.9
Interest income		33.1		23.3		10.3
Other		15.8		13.0		6.3
Total	$	79.6	$	78.8	$	59.5
Administrative and operating expenses
Compensation and benefits	$	260.5	$	255.4	$	248.6
Operating lease residual losses and impairments		159.5		25.0		50.5
Other		113.0		121.7		123.4
Total	$	533.0	$	402.1	$	422.5

*  During 2019, late fees of $24.5 million from customer retail notes were reclassified to finance income on the statement of consolidated income. Customer late fees of $22.2 million and $24.2 million were included in other income in 2018 and 2017, respectively.