CAPITAL INVESTMENTS AND DIVIDENDS

12 Months Ended

Oct. 27, 2024

CAPITAL INVESTMENTS AND DIVIDENDS

CAPITAL INVESTMENTS AND DIVIDENDS

NOTE 11. CAPITAL INVESTMENTS AND DIVIDENDS

The following capital investments were received from JDFS and cash dividends were declared and paid to JDFS during 2024, 2023, and 2022:

	2024		2023		2022
Capital investments			$	810.0
Dividends	$	215.0		165.0	$	370.0

In each case, JDFS either received a comparable capital investment or paid a comparable dividend to Deere & Company. The capital investments during 2023 were made to maintain targeted average leverage ratios and were driven by growth in total Receivables and corresponding borrowings.