XML 84 R62.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SEGMENT AND GEOGRAPHIC SEGMENT DATA (Tables) | 12 Months Ended
--- | ---
Oct. 29, 2017
SEGMENT AND GEOGRAPHIC AREA DATA |
Schedule of Segment Reporting Information | Information relating to operations by operating segment in millions of dollars follows for the years ended October 29, 2017, October 30, 2016, and November 1, 2015. In addition to the following unaffiliated sales and revenues by segment, intersegment sales and revenues in 2017, 2016, and 2015 were as follows: agriculture and turf net sales of $39 million, $31 million, and $49 million, construction and forestry net sales of $1 million, $1 million, and $1 million, and financial services revenues of $244 million, $225 million, and $225 million, respectively.
OPERATING SEGMENTS |  | 2017 |  | 2016 |  | 2015 |
Net sales and revenues |  |  |  |  |  |  |  |  |  |
Unaffiliated customers: |  |  |  |  |  |  |  |  |  |
Agriculture and turf net sales |  | $ | 20,167 |  | $ | 18,487 |  | $ | 19,812 |
Construction and forestry net sales |  |  | 5,718 |  |  | 4,900 |  |  | 5,963 |
Total net sales |  |  | 25,885 |  |  | 23,387 |  |  | 25,775 |
Financial services revenues |  |  | 2,935 |  |  | 2,694 |  |  | 2,591 |
Other revenues* |  |  | 918 |  |  | 563 |  |  | 497 |
Total |  | $ | 29,738 |  | $ | 26,644 |  | $ | 28,863 |
* Other revenues are primarily the equipment operations’ revenues for finance and interest income, and other income as disclosed in Note 31, net of certain intercompany eliminations.
Operating profit |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 2,484 |  | $ | 1,700 |  | $ | 1,649 |
Construction and forestry |  |  | 337 |  |  | 180 |  |  | 528 |
Financial services* |  |  | 722 |  |  | 709 |  |  | 963 |
Total operating profit |  |  | 3,543 |  |  | 2,589 |  |  | 3,140 |
Interest income |  |  | 55 |  |  | 48 |  |  | 61 |
Interest expense |  |  | (264) |  |  | (251) |  |  | (273) |
Foreign exchange gains (losses) from equipment operations’ financing activities |  |  | (12) |  |  | (12) |  |  | 13 |
Corporate expenses – net |  |  | (192) |  |  | (153) |  |  | (160) |
Income taxes |  |  | (971) |  |  | (700) |  |  | (840) |
Total |  |  | (1,384) |  |  | (1,068) |  |  | (1,199) |
Net income |  |  | 2,159 |  |  | 1,521 |  |  | 1,941 |
Less: Net income (loss) attributable to noncontrolling interests |  |  |  |  |  | (3) |  |  | 1 |
Net income attributable to Deere & Company |  | $ | 2,159 |  | $ | 1,524 |  | $ | 1,940 |
* Operating profit of the financial services business segment includes the effect of its interest expense and foreign exchange gains or losses.
Interest income* |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 16 |  | $ | 12 |  | $ | 14 |
Construction and forestry |  |  | 1 |  |  | 1 |  |  | 2 |
Financial services |  |  | 1,771 |  |  | 1,650 |  |  | 1,687 |
Corporate |  |  | 55 |  |  | 48 |  |  | 61 |
Intercompany |  |  | (268) |  |  | (240) |  |  | (253) |
Total |  | $ | 1,575 |  | $ | 1,471 |  | $ | 1,511 |
* Does not include finance rental income for equipment on operating leases.
Interest expense |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 182 |  | $ | 173 |  | $ | 160 |
Construction and forestry |  |  | 53 |  |  | 44 |  |  | 45 |
Financial services |  |  | 669 |  |  | 536 |  |  | 455 |
Corporate |  |  | 264 |  |  | 251 |  |  | 273 |
Intercompany |  |  | (268) |  |  | (240) |  |  | (253) |
Total |  | $ | 900 |  | $ | 764 |  | $ | 680 |
Depreciation* and amortization expense |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 695 |  | $ | 667 |  | $ | 659 |
Construction and forestry |  |  | 145 |  |  | 136 |  |  | 133 |
Financial services |  |  | 876 |  |  | 757 |  |  | 590 |
Total |  | $ | 1,716 |  | $ | 1,560 |  | $ | 1,382 |
* Includes depreciation for equipment on operating leases.
Equity in income (loss) of unconsolidated affiliates |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 2 |  | $ | 9 |  | $ | 7 |
Construction and forestry |  |  | (27) |  |  | (13) |  |  | (7) |
Financial services |  |  | 1 |  |  | 2 |  |  | 1 |
Total |  | $ | (24) |  | $ | (2) |  | $ | 1 |
Identifiable operating assets |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 9,359 |  | $ | 8,405 |  | $ | 8,332 |
Construction and forestry |  |  | 3,212 |  |  | 3,017 |  |  | 3,295 |
Financial services |  |  | 42,596 |  |  | 40,837 |  |  | 40,866 |
Corporate* |  |  | 10,619 |  |  | 5,659 |  |  | 5,390 |
Total |  | $ | 65,786 |  | $ | 57,918 |  | $ | 57,883 |
* Corporate assets are primarily the equipment operations’ retirement benefits, deferred income tax assets, marketable securities, and cash and cash equivalents as disclosed in Note 31, net of certain intercompany eliminations.
Capital additions |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 485 |  | $ | 556 |  | $ | 522 |
Construction and forestry |  |  | 114 |  |  | 115 |  |  | 138 |
Financial services |  |  | 3 |  |  | 3 |  |  | 6 |
Total |  | $ | 602 |  | $ | 674 |  | $ | 666 |
Investments in unconsolidated affiliates |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 25 |  | $ | 56 |  | $ | 116 |
Construction and forestry |  |  | 143 |  |  | 165 |  |  | 177 |
Financial services |  |  | 14 |  |  | 12 |  |  | 10 |
Total |  | $ | 182 |  | $ | 233 |  | $ | 303 |
Schedule of Geographic Area Reporting Information | The company views and has historically disclosed its operations as consisting of two geographic areas, the U.S. and Canada, and outside the U.S. and Canada, shown below in millions of dollars. No individual foreign country’s net sales and revenues were material for disclosure purposes.
GEOGRAPHIC AREAS |  | 2017 |  | 2016 |  | 2015 |
Net sales and revenues |  |  |  |  |  |  |  |  |  |
Unaffiliated customers: |  |  |  |  |  |  |  |  |  |
U.S. and Canada: |  |  |  |  |  |  |  |  |  |
Equipment operations net sales (88%)* |  | $ | 15,031 |  | $ | 14,376 |  | $ | 16,498 |
Financial services revenues (79%)* |  |  | 2,526 |  |  | 2,366 |  |  | 2,252 |
Total |  |  | 17,557 |  |  | 16,742 |  |  | 18,750 |
Outside U.S. and Canada: |  |  |  |  |  |  |  |  |  |
Equipment operations net sales |  |  | 10,854 |  |  | 9,011 |  |  | 9,277 |
Financial services revenues |  |  | 409 |  |  | 328 |  |  | 339 |
Total |  |  | 11,263 |  |  | 9,339 |  |  | 9,616 |
Other revenues |  |  | 918 |  |  | 563 |  |  | 497 |
Total |  | $ | 29,738 |  | $ | 26,644 |  | $ | 28,863 |
* The percentages indicate the approximate proportion of each amount that relates to the U.S. only and are based upon a three-year average for 2017, 2016, and 2015.
Operating profit |  |  |  |  |  |  |  |  |  |
U.S. and Canada: |  |  |  |  |  |  |  |  |  |
Equipment operations |  | $ | 1,724 |  | $ | 1,305 |  | $ | 1,643 |
Financial services |  |  | 523 |  |  | 551 |  |  | 802 |
Total |  |  | 2,247 |  |  | 1,856 |  |  | 2,445 |
Outside U.S. and Canada: |  |  |  |  |  |  |  |  |  |
Equipment operations |  |  | 1,097 |  |  | 575 |  |  | 534 |
Financial services |  |  | 199 |  |  | 158 |  |  | 161 |
Total |  |  | 1,296 |  |  | 733 |  |  | 695 |
Total |  | $ | 3,543 |  | $ | 2,589 |  | $ | 3,140 |
Property and equipment |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 2,976 |  | $ | 3,077 |  | $ | 3,098 |
Germany |  |  | 598 |  |  | 569 |  |  | 568 |
Other countries |  |  | 1,494 |  |  | 1,525 |  |  | 1,515 |
Total |  | $ | 5,068 |  | $ | 5,171 |  | $ | 5,181 |

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration