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EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2016
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

 

 

 

2016

 

2015

 

Net income attributable to Deere & Company

    

$
254.4

    

$
386.8

 

Less income allocable to participating securities

 

 

.1

 

 

.1

 

Income allocable to common stock

 

$
254.3

 

$
386.7

 

Average shares outstanding

 

 
316.4

 

 
343.1

 

Basic per share

 

$

.80

 

$
1.13

 

 

 

 

 

 

 

 

 

Average shares outstanding

 

 
316.4

 

 
343.1

 

Effect of dilutive share-based compensation

 

 
1.2

 

 
2.6

 

Total potential shares outstanding

 

 
317.6

 

 
345.7

 

Diluted per share

 

$

.80

 

$
1.12

 

 

During the first quarter of 2016 and 2015, 13.5 million shares and 3.0 million shares, respectively, were excluded from the computation because the incremental shares under the treasury stock method would have been antidilutive.