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SEGMENT REPORTING
 6 Months Ended
Apr. 30, 2017
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 

 

Six Months Ended 

 

 

 

April 30

 

May 1

 

%

 

April 30

 

May 1

 

%

 

 

 

  2017   

 

  2016   

 

Change

 

   2017   

 

   2016   

 

Change

 

Net sales and revenues:

 

 

 

  

 

    

  

    

  

 

 

  

 

    

  

    

 

Agriculture and turf

 

$
5,794

 

$
5,742

 

+1

 

$
9,392

 

$
9,341

 

+1

 

Construction and forestry

 

 
1,466

 

 
1,365

 

+7

 

 
2,566

 

 
2,535

 

+1

 

Total net sales

 

 
7,260

 

 
7,107

 

+2

 

 
11,958

 

 
11,876

 

+1

 

Financial services

 

 
716

 

 
651

 

+10

 

 
1,412

 

 
1,287

 

+10

 

Other revenues

 

 
311

 

 
117

 

+166

 

 
542

 

 
237

 

+129

 

Total net sales and revenues

 

$
8,287

 

$
7,875

 

+5

 

$
13,912

 

$
13,400

 

+4

 

Operating profit: *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agriculture and turf

 

$
1,003

 

$
614

 

+63

 

$
1,215

 

$
759

 

+60

 

Construction and forestry

 

 
108

 

 
74

 

+46

 

 
143

 

 
143

 

 

 

Financial services

 

 
160

 

 
160

 

 

 

 
328

 

 
354

 

-7

 

Total operating profit

 

 
1,271

 

 
848

 

+50

 

 
1,686

 

 
1,256

 

+34

 

Reconciling items **

 

 
(97)

 

 
(115)

 

-16

 

 
(184)

 

 
(173)

 

+6

 

Income taxes

 

 
(372)

 

 
(238)

 

+56

 

 
(506)

 

 
(333)

 

+52

 

Net income attributable to Deere & Company

 

$
802

 

$
495

 

+62

 

$
996

 

$
750

 

+33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agriculture and turf net sales

 

$
10

 

$
9

 

+11

 

$
17

 

$
16

 

+6

 

Construction and forestry net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial services

 

 
62

 

 
80

 

-23

 

 
111

 

 
127

 

-13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment operations outside the U.S. and Canada:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
2,968

 

$
2,598

 

+14

 

$
4,860

 

$
4,306

 

+13

 

Operating profit

 

 
390

 

 
231

 

+69

 

 
464

 

 
252

 

+84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

April 30

    

October 30

 

 

 

 

 

2017

 

2016

 

            

 

Identifiable assets:

 

 

 

 

 

 

 

 

 

Agriculture and turf

 

$
9,209

 

$
8,405

  

+10

 

Construction and forestry

 

 
3,184

 

 
3,017

 

+6

 

Financial services

 

 
40,915

 

 
40,837

 

 

 

Corporate

 

 
5,661

 

 
5,659

 

 

 

Total assets

 

$
58,969

 

$
57,918

 

+2

 

 

* 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.