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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Jan. 28, 2024
Jan. 29, 2023
Revenues    
Finance income earned on retail notes $ 452.3 $ 330.0
Lease revenues 264.8 242.5
Revolving charge account income 105.2 82.9
Finance income earned on wholesale receivables 271.1 151.5
Other income 67.1 29.6
Total revenues 1,160.5 836.5
Expenses    
Interest expense 571.4 301.0
Operating expenses:    
Depreciation of equipment on operating leases 167.2 164.5
Administrative and operating expenses 132.2 136.7
Provision for credit losses 21.0 3.5
Total operating expenses 377.5 362.3
Total expenses 948.9 663.3
Income of Consolidated Group before Income Taxes 211.6 173.2
Provision for income taxes 38.9 36.8
Income of Consolidated Group 172.7 136.4
Equity in income of unconsolidated affiliate 1.3 1.0
Net Income 174.0 137.4
Less: Net income (loss) attributable to noncontrolling interests (0.5) (0.2)
Net Income Attributable to the Company 174.5 137.6
Related Party    
Expenses    
Interest expense 43.8 40.0
Operating expenses:    
Fees and interest paid to John Deere $ 57.1 $ 57.6