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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 03, 2020
Apr. 28, 2019
May 03, 2020
Apr. 28, 2019
Revenues        
Finance income earned on retail notes $ 231.7 $ 214.6 $ 466.5 $ 423.5
Revolving charge account income 74.2 76.6 154.9 148.7
Finance income earned on wholesale receivables 110.4 142.7 220.7 259.0
Lease revenues 272.6 245.4 547.5 484.9
Other income 11.2 23.7 29.1 47.7
Total revenues 700.1 703.0 1,418.7 1,363.8
Expenses        
Interest expense 216.6 252.0 436.4 478.5
Operating expenses:        
Administrative and operating expenses 142.4 112.5 265.9 210.7
Fees paid to John Deere 23.3 12.0 48.2 26.8
Provision for credit losses 72.7 26.1 84.8 26.9
Depreciation of equipment on operating leases 214.3 180.9 427.8 356.3
Total operating expenses 452.7 331.5 826.7 620.7
Total expenses 669.3 583.5 1,263.1 1,099.2
Income of consolidated group before income taxes 30.8 119.5 155.6 264.6
Provision for income taxes 5.4 35.7 31.5 59.6
Income of consolidated group 25.4 83.8 124.1 205.0
Equity in income of unconsolidated affiliate 0.4 0.4 1.1 1.0
Net income 25.8 84.2 125.2 206.0
Less: Net income (loss) attributable to noncontrolling interests (0.1) (0.1) 0.1  
Net income attributable to the Company $ 25.9 $ 84.3 $ 125.1 $ 206.0