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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Jan. 26, 2025
Jan. 28, 2024
Revenues    
Finance income earned on retail notes $ 507.4 $ 452.3
Lease revenues 285.8 264.8
Revolving charge account income 116.4 105.2
Finance income earned on wholesale receivables 241.0 271.1
Other income 47.8 67.1
Total revenues 1,198.4 1,160.5
Expenses    
Interest expense 637.3 571.4
Operating expenses:    
Depreciation of equipment on operating leases 178.5 167.2
Administrative and operating expenses 108.9 132.2
Provision for credit losses 60.4 21.0
Total operating expenses 369.8 377.5
Total expenses 1,007.1 948.9
Income of Consolidated Group before Income Taxes 191.3 211.6
Provision for income taxes 32.9 38.9
Income of Consolidated Group 158.4 172.7
Equity in income of unconsolidated affiliate 0.9 1.3
Net Income 159.3 174.0
Less: Net income (loss) attributable to noncontrolling interests 0.2 (0.5)
Net Income Attributable to the Company 159.1 174.5
Related Party    
Expenses    
Interest expense 9.9 43.8
Operating expenses:    
Fees and interest paid to John Deere $ 22.0 $ 57.1