XML 56 R61.htm IDEA: XBRL DOCUMENT
v2.4.1.9

SEGMENT AND GEOGRAPHIC AREA DATA FOR THE YEARS ENDED OCTOBER 31, 2014, 2013 AND 2012 (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2014
SEGMENT AND GEOGRAPHIC AREA DATA FOR THE YEARS ENDED OCTOBER 31, 2014, 2013 AND 2012 |
Schedule of Segment Reporting Information by Segment | Information relating to operations by operating segment in millions of dollars follows. In addition to the following unaffiliated sales and revenues by segment, intersegment sales and revenues in 2014, 2013 and 2012 were as follows: agriculture and turf net sales of $89 million, $69 million and $84 million, construction and forestry net sales of $1 million, $2 million and $1 million, and financial services revenues of $228 million, $220 million and $219 million, respectively.
OPERATING SEGMENTS |  | 2014 |  | 2013 |  | 2012
Net sales and revenues |  |  |  |  |  |
Unaffiliated customers: |  |  |  |  |  |
Agriculture and turf net sales |  | $ | 26,380 |  | $ | 29,132 |  | $ | 27,123
Construction and forestry net sales |  | 6,581 |  | 5,866 |  | 6,378
Total net sales |  | 32,961 |  | 34,998 |  | 33,501
Financial services revenues |  | 2,577 |  | 2,349 |  | 2,235
Other revenues* |  | 529 |  | 448 |  | 421
Total |  | $ | 36,067 |  | $ | 37,795 |  | $ | 36,157
* | Other revenues are primarily the equipment operations’ revenues for finance and interest income, and other income as disclosed in Note 31, net of certain intercompany eliminations.
Operating profit |  |  |  |  |  |
Agriculture and turf |  | $ | 3,649 |  | $ | 4,680 |  | $ | 3,921
Construction and forestry |  | 648 |  | 378 |  | 476
Financial services* |  | 921 |  | 870 |  | 712
Total operating profit |  | 5,218 |  | 5,928 |  | 5,109
Interest income |  | 57 |  | 55 |  | 43
Investment income |  | 2 |  | 2 |  | 2
Interest expense |  | (289 | ) | (297 | ) | (231)
Foreign exchange losses from equipment operations’ financing activities |  | (2 | ) | (8 | ) | (11)
Corporate expenses — net |  | (196 | ) | (197 | ) | (181)
Income taxes |  | (1,627 | ) | (1,946 | ) | (1,659)
Total |  | (2,055 | ) | (2,391 | ) | (2,037)
Net income |  | 3,163 |  | 3,537 |  | 3,072
Less: Net income attributable to noncontrolling interests |  | 1 |  |  |  | 7
Net income attributable to |  |  |  |  |  |
Deere & Company |  | $ | 3,162 |  | $ | 3,537 |  | $ | 3,065
* | Operating profit of the financial services business segment includes the effect of its interest expense and foreign exchange gains or losses.
OPERATING SEGMENTS |  | 2014 |  | 2013 |  | 2012
Interest income* |  |  |  |  |  |
Agriculture and turf |  | $ | 17 |  | $ | 24 |  | $ | 29
Construction and forestry |  | 1 |  | 2 |  | 2
Financial services |  | 1,754 |  | 1,668 |  | 1,610
Corporate |  | 57 |  | 55 |  | 43
Intercompany |  | (268 | ) | (247 | ) | (248)
Total |  | $ | 1,561 |  | $ | 1,502 |  | $ | 1,436
* Does not include finance rental income for equipment on operating leases.
Interest expense |  |  |  |  |  |
Agriculture and turf |  | $ | 175 |  | $ | 167 |  | $ | 168
Construction and forestry |  | 37 |  | 36 |  | 36
Financial services |  | 431 |  | 488 |  | 596
Corporate |  | 289 |  | 297 |  | 231
Intercompany |  | (268 | ) | (247 | ) | (248)
Total |  | $ | 664 |  | $ | 741 |  | $ | 783
Depreciation* and amortization expense |  |  |  |  |  |
Agriculture and turf |  | $ | 681 |  | $ | 627 |  | $ | 550
Construction and forestry |  | 115 |  | 106 |  | 93
Financial services |  | 511 |  | 407 |  | 361
Total |  | $ | 1,307 |  | $ | 1,140 |  | $ | 1,004
* Includes depreciation for equipment on operating leases.
Equity in income (loss) of unconsolidated affiliates |  |  |  |  |  |
Agriculture and turf |  | $ | 8 |  | $ | (1 | ) | $ | (2)
Construction and forestry |  | (18 | ) |  |  | (2)
Financial services |  | 2 |  | 1 |  | 1
Total |  | $ | (8 | ) |  |  | $ | (3)
Identifiable operating assets |  |  |  |  |  |
Agriculture and turf |  | $ | 9,442 |  | $ | 10,799 |  | $ | 10,429
Construction and forestry |  | 3,405 |  | 3,461 |  | 3,365
Financial services |  | 42,784 |  | 38,646 |  | 34,495
Corporate* |  | 5,705 |  | 6,615 |  | 7,977
Total |  | $ | 61,336 |  | $ | 59,521 |  | $ | 56,266
* | Corporate assets are primarily the equipment operations’ retirement benefits, deferred income tax assets, marketable securities and cash and cash equivalents as disclosed in Note 31, net of certain intercompany eliminations.
Capital additions |  |  |  |  |  |
Agriculture and turf |  | $ | 868 |  | $ | 981 |  | $ | 1,145
Construction and forestry |  | 145 |  | 174 |  | 228
Financial services |  | 3 |  | 3 |  | 3
Total |  | $ | 1,016 |  | $ | 1,158 |  | $ | 1,376
Investments in unconsolidated affiliates |  |  |  |  |  |
Agriculture and turf |  | $ | 110 |  | $ | 24 |  | $ | 32
Construction and forestry |  | 182 |  | 187 |  | 174
Financial services |  | 11 |  | 10 |  | 9
Total |  | $ | 303 |  | $ | 221 |  | $ | 215
Schedule of Geographic Area Reporting Information | The company views and has historically disclosed its operations as consisting of two geographic areas, the U.S. and Canada, and outside the U.S. and Canada, shown below in millions of dollars. No individual foreign country’s net sales and revenues were material for disclosure purposes.
GEOGRAPHIC AREAS |  | 2014 |  | 2013 |  | 2012
Net sales and revenues |  |  |  |  |  |
Unaffiliated customers: |  |  |  |  |  |
U.S. and Canada: |  |  |  |  |  |
Equipment operations net sales (87%)* |  | $ | 20,171 |  | $ | 21,821 |  | $ | 20,807
Financial services revenues (78%)* |  | 2,220 |  | 2,031 |  | 1,930
Total |  | 22,391 |  | 23,852 |  | 22,737
Outside U.S. and Canada: |  |  |  |  |  |
Equipment operations net sales |  | 12,790 |  | 13,177 |  | 12,694
Financial services revenues |  | 357 |  | 318 |  | 305
Total |  | 13,147 |  | 13,495 |  | 12,999
Other revenues |  | 529 |  | 448 |  | 421
Total |  | $ | 36,067 |  | $ | 37,795 |  | $ | 36,157
* | The percentages indicate the approximate proportion of each amount that relates to the U.S. only and are based upon a three-year average for 2014, 2013 and 2012.
Operating profit |  |  |  |  |  |
U.S. and Canada: |  |  |  |  |  |
Equipment operations |  | $ | 3,311 |  | $ | 4,062 |  | $ | 3,836
Financial services |  | 727 |  | 706 |  | 566
Total |  | 4,038 |  | 4,768 |  | 4,402
Outside U.S. and Canada: |  |  |  |  |  |
Equipment operations |  | 986 |  | 996 |  | 561
Financial services |  | 194 |  | 164 |  | 146
Total |  | 1,180 |  | 1,160 |  | 707
Total |  | $ | 5,218 |  | $ | 5,928 |  | $ | 5,109
Property and equipment |  |  |  |  |  |
U.S. |  | $ | 3,154 |  | $ | 2,997 |  | $ | 2,742
Germany |  | 640 |  | 647 |  | 568
Other countries |  | 1,784 |  | 1,823 |  | 1,702
Total |  | $ | 5,578 |  | $ | 5,467 |  | $ | 5,012

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration