SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 31, 2022

SEGMENT REPORTING

Schedule of Segment Reporting Information

Worldwide Net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars:

	Three Months Ended					Nine Months Ended
	July 31		August 1		%	July 31		August 1		%
	2022		2021		Change	2022		2021		Change
Net sales and revenues:
Production & precision ag net sales	$	6,096	$	4,250	+43	$	14,568	$	11,848	+23
Small ag & turf net sales		3,635		3,147	+16		9,836		9,051	+9
Construction & forestry net sales		3,269		3,016	+8		9,161		8,562	+7
Financial services revenues		903		902			2,637		2,679	-2
Other revenues		199		212	-6		839		557	+51
Total net sales and revenues	$	14,102	$	11,527	+22	$	37,041	$	32,697	+13
Operating profit:
Production & precision ag	$	1,293	$	906	+43	$	2,646	$	2,557	+3
Small ag & turf		552		583	-5		1,443		1,699	-15
Construction & forestry		514		463	+11		1,599		1,220	+31
Financial services		287		291	-1		864		844	+2
Total operating profit		2,646		2,243	+18		6,552		6,320	+4
Reconciling items		(108)		(85)	+27		(303)		(312)	-3
Income taxes		(654)		(491)	+33		(1,364)		(1,328)	+3
Net income attributable to Deere & Company	$	1,884	$	1,667	+13	$	4,885	$	4,680	+4
Intersegment sales and revenues:
Production & precision ag net sales	$	5	$	8	-38	$	15	$	21	-29
Small ag & turf net sales		2		2			8		9	-11
Construction & forestry net sales
Financial services revenues		81		61	+33		214		172	+24

Operating profit is income from continuing operations before reconciling items and income taxes. Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, pension and OPEB benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

	July 31		October 31		August 1
	2022		2021		2021
Identifiable assets:
Production & precision ag	$	8,728	$	7,021	$	6,910
Small ag & turf		4,361		3,959		3,643
Construction & forestry		6,824		6,457		6,378
Financial services		56,008		51,624		51,647
Corporate		10,896		15,053		12,110
Total assets	$	86,817	$	84,114	$	80,688