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DISPOSITION - CROP INSURANCE OPERATIONS
 3 Months Ended
Jan. 31, 2016
Crop Insurance Operations  
Dispositions  
DISPOSITION

(19)  In December 2014, the Company entered into an agreement to sell all the stock of its wholly-owned subsidiaries, John Deere Insurance Company and John Deere Risk Protection, Inc. (collectively the Crop Insurance operations) to Farmers Mutual Hail Insurance Company of Iowa.  These operations were reflected as assets and liabilities held for sale at January 31, 2015 and were included in the Company’s financial services segment.  The Company closed the sale in March 2015.

The carrying amounts of the major classes of assets and liabilities of the Crop Insurance operations that were classified as held for sale on the consolidated balance sheet in millions of dollars follow:

 

 

 

 

 

 

    

January 31

 

 

 

2015

 

Cash and cash equivalents

 

$
13

 

Marketable securities

 

 
79

 

Other receivables

 

 
265

 

Other intangible assets - net

 

 
4

 

Deferred income taxes

 

 
4

 

Other assets

 

 
20

 

Total assets held for sale

 

$
385

 

 

 

 

 

 

Account payable and accrued expenses, and Total liabilities held for sale

 

$
267