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CAPITAL STOCK | 12 Months Ended
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Oct. 31, 2016
CAPITAL STOCK |
CAPITAL STOCK | 23. CAPITAL STOCK Changes in the common stock account in millions were as follows:
|  | Number of |  |  |  |
|  | Shares Issued |  | Amount |
Balance at October 31, 2013 |  | 536.4 |  | $ | 3,524 |
Stock options and other |  |  |  |  | 151 |
Balance at October 31, 2014 |  | 536.4 |  |  | 3,675 |
Stock options and other |  |  |  |  | 151 |
Balance at October 31, 2015 |  | 536.4 |  |  | 3,826 |
Stock options and other |  |  |  |  | 86 |
Balance at October 31, 2016 |  | 536.4 |  | $ | 3,912 |
The number of common shares the company is authorized to issue is 1,200 million. The number of authorized preferred shares, none of which has been issued, is nine million. The Board of Directors at its meeting in December 2013 authorized the repurchase of up to $8,000 million of common stock (91.8 million shares based on the fiscal year end closing common stock price of $87.17 per share). At the end of the fiscal year, this repurchase program had $3,260 million (37.4 million shares at the same price) remaining to be repurchased. Repurchases of the company’s common stock under this plan will be made from time to time, at the company’s discretion, in the open market. A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:
|  | 2016 |  | 2015 |  | 2014 |
Net income attributable to Deere & Company |  | $ | 1,523.9 |  | $ | 1,940.0 |  | $ | 3,161.7 |
Less income allocable to participating securities |  |  | .7 |  |  | .8 |  |  | 1.0 |
Income allocable to common stock |  | $ | 1,523.2 |  | $ | 1,939.2 |  | $ | 3,160.7 |
Average shares outstanding |  |  | 315.2 |  |  | 333.6 |  |  | 363.0 |
Basic per share |  | $ | 4.83 |  | $ | 5.81 |  | $ | 8.71 |
Average shares outstanding |  |  | 315.2 |  |  | 333.6 |  |  | 363.0 |
Effect of dilutive stock options |  |  | 1.4 |  |  | 2.4 |  |  | 3.1 |
Total potential shares outstanding |  |  | 316.6 |  |  | 336.0 |  |  | 366.1 |
Diluted per share |  | $ | 4.81 |  | $ | 5.77 |  | $ | 8.63 |
All stock options outstanding were included in the computation during 2016, 2015 and 2014, except 9.9 million in 2016 and 2.4 million in 2014 that had an antidilutive effect under the treasury stock method.

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