XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Statements of Consolidated Income - USD ($)
$ in Millions
12 Months Ended
Oct. 27, 2024
Oct. 29, 2023
Oct. 30, 2022
Revenues      
Finance income earned on retail notes $ 1,906.9 $ 1,494.7 $ 1,064.5
Lease revenues 1,096.6 997.3 963.7
Revolving charge account income 500.3 417.4 300.2
Finance income earned on wholesale receivables 1,202.5 889.8 342.5
Other income 233.9 176.3 135.7
Total revenues 4,940.2 3,975.5 2,806.6
Expenses      
Interest expense 2,489.3 1,671.5 497.3
Operating expenses:      
Depreciation of equipment on operating leases 683.8 659.7 667.7
Administrative and operating expenses 521.7 569.4 501.6
Provision for credit losses 300.9 88.5 23.5
Total operating expenses 1,723.5 1,570.2 1,414.9
Total expenses 4,212.8 3,241.7 1,912.2
Income of Consolidated Group before Income Taxes 727.4 733.8 894.4
Provision for income taxes 150.8 165.9 205.6
Income of Consolidated Group 576.6 567.9 688.8
Equity in income of unconsolidated affiliate 4.7 3.9 4.5
Net Income 581.3 571.8 693.3
Less: Net loss attributable to noncontrolling interests (0.1) (0.5) (0.3)
Net Income Attributable to the Company 581.4 572.3 693.6
Related Party      
Expenses      
Interest expense 163.7 199.9 86.8
Operating expenses:      
Fees and interest paid to John Deere $ 217.1 $ 252.6 $ 222.1