XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Apr. 27, 2025
Apr. 28, 2024
Revenues        
Finance income earned on retail notes $ 504.8 $ 463.8 $ 1,012.2 $ 916.1
Lease revenues 288.4 265.4 574.2 530.2
Revolving charge account income 107.8 117.5 224.2 222.7
Finance income earned on wholesale receivables 239.6 309.7 480.6 580.8
Other income 49.8 43.1 97.6 110.2
Total revenues 1,190.4 1,199.5 2,388.8 2,360.0
Expenses        
Interest expense 613.3 605.8 1,250.6 1,177.2
Operating expenses:        
Depreciation of equipment on operating leases 178.7 166.7 357.2 333.9
Administrative and operating expenses 109.5 132.3 218.4 264.5
Provision for credit losses 90.0 79.3 150.4 100.3
Total operating expenses 414.9 433.7 784.7 811.2
Total expenses 1,028.2 1,039.5 2,035.3 1,988.4
Income of Consolidated Group before Income Taxes 162.2 160.0 353.5 371.6
Provision for income taxes 39.0 34.9 71.9 73.8
Income of Consolidated Group 123.2 125.1 281.6 297.8
Equity in income of unconsolidated affiliate 0.9 1.5 1.8 2.8
Net Income 124.1 126.6 283.4 300.6
Less: Net income (loss) attributable to noncontrolling interests 0.1 0.1 0.3 (0.4)
Net Income Attributable to the Company 124.0 126.5 283.1 301.0
Related Party        
Expenses        
Interest expense 20.9 41.5 30.8 85.3
Operating expenses:        
Fees and interest paid to John Deere $ 36.7 $ 55.4 $ 58.7 $ 112.5