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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 28, 2024
Jul. 30, 2023
Jul. 28, 2024
Jul. 30, 2023
Revenues        
Finance income earned on retail notes $ 484.2 $ 387.4 $ 1,400.3 $ 1,069.5
Lease revenues 280.1 250.1 810.3 733.2
Revolving charge account income 129.0 114.9 351.7 289.7
Finance income earned on wholesale receivables 324.1 255.3 904.9 610.8
Other income 66.9 49.9 177.1 120.2
Total revenues 1,284.3 1,057.6 3,644.3 2,823.4
Expenses        
Interest expense 640.0 445.3 1,817.2 1,121.6
Operating expenses:        
Depreciation of equipment on operating leases 173.0 165.8 506.9 491.4
Administrative and operating expenses 133.9 142.6 398.4 419.3
Provision for credit losses 122.4 22.4 222.7 52.6
Total operating expenses 490.4 398.7 1,301.6 1,146.9
Total expenses 1,130.4 844.0 3,118.8 2,268.5
Income of Consolidated Group before Income Taxes 153.9 213.6 525.5 554.9
Provision for income taxes 31.9 56.5 105.7 132.3
Income of Consolidated Group 122.0 157.1 419.8 422.6
Equity in income of unconsolidated affiliate 0.7 0.5 3.5 2.3
Net Income 122.7 157.6 423.3 424.9
Less: Net income (loss) attributable to noncontrolling interests 0.1 (0.1) (0.3) (0.4)
Net Income Attributable to the Company 122.6 157.7 423.6 425.3
Related Party        
Expenses        
Interest expense 47.8 60.1 133.1 145.8
Operating expenses:        
Fees and interest paid to John Deere $ 61.1 $ 67.9 $ 173.6 $ 183.6