XML 52 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1

DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Apr. 30, 2017

DERIVATIVE INSTRUMENTS

Fair Value Hedge Interest Rate Contracts and Underlying Borrowings

The gains (losses) on these contracts and the underlying borrowings recorded in interest expense follow in millions of dollars:

		Three Months Ended						Six Months Ended
		April 30			May 1			April 30			May 1
		2017			2016			2017			2016
Interest rate contracts *		$	32		$	(9)		$	(202)		$	66
Borrowings **			(32)			8			204			(67)

* Includes changes in fair values of interest rate contracts excluding net accrued interest income of $22 million and $39 million during the second quarter of 2017 and 2016, respectively, and $48 million and $78 million during the first six months of 2017 and 2016, respectively.

** Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $61 million and $75 million during the second quarter of 2017 and 2016, respectively, and $126 million and $142 million during the first six months of 2017 and 2016, respectively.

Fair Value of Derivative Instruments in Consolidated Balance Sheet

Fair values of derivative instruments in the condensed consolidated balance sheet in millions of dollars follow:

		April 30			October 30			May 1
Other Assets		2017			2016			2016
Designated as hedging instruments:
Interest rate contracts		$	116		$	268		$	368
Cross-currency interest rate contracts			7			11			13
Total designated			123			279			381
Not designated as hedging instruments:
Interest rate contracts			26			26			51
Foreign exchange contracts			60			60			38
Cross-currency interest rate contracts			7			10			9
Total not designated			93			96			98
Total derivative assets		$	216		$	375		$	479
Accounts Payable and Accrued Expenses
Designated as hedging instruments:
Interest rate contracts		$	64		$	10		$	8
Total designated			64			10			8
Not designated as hedging instruments:
Interest rate contracts			15			19			40
Foreign exchange contracts			50			43			96
Cross-currency interest rate contracts			2						1
Total not designated			67			62			137
Total derivative liabilities		$	131		$	72		$	145

Gains (Losses) Related to Derivative Instruments on Statement of Consolidated Income

The classification and gains (losses) including accrued interest expense related to derivative instruments on the statement of consolidated income consisted of the following in millions of dollars:

		Expense or		Three Months Ended						Six Months Ended
		OCI		April 30			May 1			April 30			May 1
		Classification		2017			2016			2017			2016
Fair Value Hedges:
Interest rate contracts		Interest		$	54		$	30		$	(154)		$	144
Cash Flow Hedges:
Recognized in OCI
(Effective Portion):
Interest rate contracts		OCI (pretax) *			(1)						2			(3)
Foreign exchange contracts		OCI (pretax) *			(3)			(1)			(2)			1
Reclassified from OCI
(Effective Portion):
Interest rate contracts		Interest *			(1)			(2)			(1)			(5)
Foreign exchange contracts		Other operating *			(3)			(1)			(2)			1
Recognized Directly in Income
(Ineffective Portion)					**			**			**			**
Not Designated as Hedges:
Interest rate contracts		Interest *		$	(4)		$	5					$	3
Foreign exchange contracts		Cost of sales			28			(62)		$	(12)			(29)
Foreign exchange contracts		Other operating *			15			(186)			(13)			(61)
Total not designated				$	39		$	(243)		$	(25)		$	(87)

* Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts.

** The amount is not significant.

Impact on Derivative Assets and Liabilities Related to Netting Arrangements and Collateral

Derivatives are recorded without offsetting for netting arrangements or collateral. The impact on the derivative assets and liabilities related to netting arrangements and any collateral received or paid in millions of dollars follows:

		Gross Amounts			Netting			Collateral
April 30, 2017		Recognized			Arrangements			Received			Net Amount
Assets		$	216		$	(54)					$	162
Liabilities			131			(54)						77

		Gross Amounts			Netting			Collateral
October 30, 2016		Recognized			Arrangements			Received			Net Amount
Assets		$	375		$	(32)		$	(6)		$	337
Liabilities			72			(32)						40

		Gross Amounts			Netting			Collateral
May 1, 2016		Recognized			Arrangements			Received			Net Amount
Assets		$	479		$	(53)		$	(20)		$	406
Liabilities			145			(53)						92

X

- Definition

The entire disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements.

+ References

No definition available.

+ Details

Name:	de_OffsettingAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	de_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of gains and losses of derivative instruments and underlying borrowings in fair value hedging relationships.

+ References

No definition available.

+ Details

Name:	de_ScheduleOfFairValueHedgeDerivativeInstrumentAndRelatedBorrowingsTableTextBlock
Namespace Prefix:	de_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration