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EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2015
EARNINGS PER SHARE  
EARNINGS PER SHARE

(6)           A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:

 

 

 

Three Months Ended
January 31

 

 

 

2015

 

2014

 

Net income attributable to Deere & Company

 

$

386.8

 

 

$

681.1

 

 

Less income allocable to participating securities

 

.1

 

 

.2

 

 

Income allocable to common stock

 

$

386.7

 

 

$

680.9

 

 

Average shares outstanding

 

343.1

 

 

371.9

 

 

Basic per share

 

$

1.13

 

 

$

1.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average shares outstanding

 

343.1

 

 

371.9

 

 

Effect of dilutive share-based compensation

 

2.6

 

 

3.5

 

 

Total potential shares outstanding

 

345.7

 

 

375.4

 

 

Diluted per share

 

$

1.12

 

 

$

1.81

 

 

 

During the first quarter of 2015 and 2014, 3.0 million shares and 2.4 million shares, respectively, related to share-based compensation were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.