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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 01, 2021
Aug. 02, 2020
Aug. 01, 2021
Aug. 02, 2020
Revenues        
Finance income earned on retail notes $ 234.4 $ 234.9 $ 705.9 $ 701.4
Revolving charge account income 77.3 87.8 216.1 242.7
Finance income earned on wholesale receivables 77.5 84.6 231.1 305.3
Lease revenues 255.7 270.3 775.5 817.8
Other income 38.0 18.4 86.6 47.5
Total revenues 682.9 696.0 2,015.2 2,114.7
Expenses        
Interest expense 114.1 161.3 373.1 597.7
Operating expenses:        
Administrative and operating expenses 105.5 92.0 304.3 357.9
Fees paid to John Deere 40.8 24.8 111.7 73.0
Provision (credit) for credit losses 15.7 16.0 (0.5) 100.8
Depreciation of equipment on operating leases 180.1 211.8 559.5 639.6
Total operating expenses 342.1 344.6 975.0 1,171.3
Total expenses 456.2 505.9 1,348.1 1,769.0
Income of consolidated group before income taxes 226.7 190.1 667.1 345.7
Provision for income taxes 41.5 44.4 139.5 75.9
Income of consolidated group 185.2 145.7 527.6 269.8
Equity in income of unconsolidated affiliate 0.7 0.5 2.2 1.6
Net income 185.9 146.2 529.8 271.4
Less: Net income attributable to noncontrolling interests 0.2   0.2 0.1
Net income attributable to the Company $ 185.7 $ 146.2 $ 529.6 $ 271.3