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SEGMENT REPORTING
 3 Months Ended
Jan. 31, 2015
SEGMENT REPORTING  
SEGMENT REPORTING

(9)           Worldwide net sales and revenues, operating profit and identifiable assets by segment in millions of dollars follow:

 

 

 

Three Months Ended January 31

 

 

 

 

 

 

 

%

 

 

 

2015

 

2014

 

Change

 

Net sales and revenues:

 

 

 

 

 

 

 

Agriculture and turf

 

$

4,081

 

$

5,596

 

-27

 

Construction and forestry

 

1,524

 

1,353

 

+13

 

Total net sales

 

5,605

 

6,949

 

-19

 

Financial services

 

648

 

587

 

+10

 

Other revenues

 

130

 

118

 

+10

 

Total net sales and revenues

 

$

6,383

 

$

7,654

 

-17

 

 

 

 

 

 

 

 

 

Operating profit: *

 

 

 

 

 

 

 

Agriculture and turf

 

$

268

 

$

797

 

-66

 

Construction and forestry

 

146

 

94

 

+55

 

Financial services

 

233

 

182

 

+28

 

Total operating profit

 

647

 

1,073

 

-40

 

Reconciling items **

 

(89)

 

(112)

 

-21

 

Income taxes

 

(171)

 

(280)

 

-39

 

Net income attributable to Deere & Company

 

$

387

 

$

681

 

-43

 

 

 

 

 

 

 

 

 

Intersegment sales and revenues:

 

 

 

 

 

 

 

Agriculture and turf net sales

 

$

13

 

$

20

 

-35

 

Construction and forestry net sales

 

 

 

1

 

 

 

Financial services

 

50

 

46

 

+9

 

 

 

 

 

 

 

 

 

Equipment operations outside the U.S. and Canada:

 

 

 

 

 

 

 

Net sales

 

$

1,873

 

$

2,608

 

-28

 

Operating profit

 

77

 

211

 

-64

 

 

 

 

 

 

 

 

 

 

 

January 31
2015

 

October 31
2014

 

 

 

Identifiable assets:

 

 

 

 

 

 

 

Agriculture and turf

 

$

9,354

 

$

9,442

 

-1

 

Construction and forestry

 

3,332

 

3,405

 

-2

 

Financial services

 

40,376

 

42,784

 

-6

 

Corporate

 

5,228

 

5,705

 

-8

 

 

 

 

 

 

 

 

 

Total assets

 

$

58,290

 

$

61,336

 

-5

 

 

*                Operating profit is income from continuing operations before corporate expenses, certain external interest expense, certain foreign exchange gains and losses and income taxes.  Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses.

 

**        Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses and net income attributable to noncontrolling interests.