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STATEMENT OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 03, 2020
Apr. 28, 2019
May 03, 2020
Apr. 28, 2019
Net Sales and Revenues        
Net sales and revenues $ 9,253 $ 11,342 $ 16,884 $ 19,326
Costs and Expenses        
Research and development expenses 406 457 831 864
Selling, administrative and general expenses 906 947 1,715 1,710
Interest expense 342 351 678 704
Total 8,325 9,869 15,387 17,175
Income of Consolidated Group before Income Taxes 928 1,473 1,497 2,151
Provision for income taxes 245 343 295 528
Income of Consolidated Group 683 1,130 1,202 1,623
Equity in income (loss) of unconsolidated affiliates (17) 6 (18) 13
Net Income 666 1,136 1,184 1,636
Less: Net income attributable to noncontrolling interests 0 1 2 3
Net Income Attributable to Deere & Company $ 666 $ 1,135 $ 1,182 $ 1,633
Per Share Data        
Basic (in dollars per share) $ 2.13 $ 3.57 $ 3.77 $ 5.13
Diluted (in dollars per share) $ 2.11 $ 3.52 $ 3.73 $ 5.07
Average Shares Outstanding        
Basic (in shares) 313.2 317.9 313.3 318.1
Diluted (in shares) 316.2 322.2 316.7 322.4
Net Sales        
Net Sales and Revenues        
Net sales $ 8,224 $ 10,273 $ 14,754 $ 17,214
Costs and Expenses        
Costs and expenses 6,294 7,755 11,371 13,186
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 849 838 1,745 1,653
Other        
Net Sales and Revenues        
Net sales and revenues 180 231 385 459
Costs and Expenses        
Costs and expenses $ 377 $ 359 $ 792 $ 711