XML 53 R41.htm IDEA: XBRL DOCUMENT
v3.8.0.1

DERIVATIVE INSTRUMENTS (Tables) | 6 Months Ended
--- | ---
Apr. 29, 2018
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 29 |  | April 30 |  | April 29 |  | April 30 |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Interest rate contracts * |  | $ | (123) |  | $ | 32 |  | $ | (271) |  | $ | (202) |
Borrowings ** |  |  | 121 |  |  | (32) |  |  | 268 |  |  | 204 |
* Includes changes in fair values of interest rate contracts excluding net accrued interest income of $5 million and $22 million during the second quarter of 2018 and 2017, respectively, and $17 million and $48 million during the first six months of 2018 and 2017, respectively. ** Includes adjustments for fair values of hedged borrowings excluding accrued interest expense of $64 million and $61 million during the second quarter of 2018 and 2017, respectively, and $127 million and $126 million during the first six months of 2018 and 2017, 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 29 |  | October 29 |  | April 30 |
Other Assets |  | 2018 |  | 2017 |  | 2017 |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 34 |  | $ | 74 |  | $ | 116 |
Cross-currency interest rate contracts |  |  | 3 |  |  | 5 |  |  | 7 |
Total designated |  |  | 37 |  |  | 79 |  |  | 123 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  | 53 |  |  | 42 |  |  | 26 |
Foreign exchange contracts |  |  | 101 |  |  | 108 |  |  | 60 |
Cross-currency interest rate contracts |  |  | 3 |  |  | 6 |  |  | 7 |
Total not designated |  |  | 157 |  |  | 156 |  |  | 93 |
Total derivative assets |  | $ | 194 |  | $ | 235 |  | $ | 216 |
Accounts Payable and Accrued Expenses |  |  |  |  |  |  |  |  |  |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 316 |  | $ | 112 |  | $ | 64 |
Total designated |  |  | 316 |  |  | 112 |  |  | 64 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  | 25 |  |  | 19 |  |  | 15 |
Foreign exchange contracts |  |  | 28 |  |  | 26 |  |  | 50 |
Cross-currency interest rate contracts |  |  | 2 |  |  | 1 |  |  | 2 |
Total not designated |  |  | 55 |  |  | 46 |  |  | 67 |
Total derivative liabilities |  | $ | 371 |  | $ | 158 |  | $ | 131 |
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 29 |  | April 30 |  | April 29 |  | April 30 |
|  | Classification |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Interest |  | $ | (118) |  | $ | 54 |  | $ | (254) |  | $ | (154) |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recognized in OCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Effective Portion): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | OCI (pretax) * |  |  | 6 |  |  | (1) |  |  | 14 |  |  | 2 |
Foreign exchange contracts |  | OCI (pretax) * |  |  | 1 |  |  | (3) |  |  | 1 |  |  | (2) |
Reclassified from OCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Effective Portion): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Interest * |  |  | 1 |  |  | (1) |  |  | 1 |  |  | (1) |
Foreign exchange contracts |  | Other operating * |  |  |  |  |  | (3) |  |  |  |  |  | (2) |
Recognized Directly in Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Ineffective Portion) |  |  |  |  | ** |  |  | ** |  |  | ** |  |  | ** |
Not Designated as Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Interest * |  | $ | (5) |  | $ | (4) |  |  |  |  |  |  |
Foreign exchange contracts |  | Cost of sales |  |  | 36 |  |  | 28 |  | $ | (12) |  | $ | (12) |
Foreign exchange contracts |  | Other operating * |  |  | 164 |  |  | 15 |  |  | (52) |  |  | (13) |
Total not designated |  |  |  | $ | 195 |  | $ | 39 |  | $ | (64) |  | $ | (25) |
* Includes interest and foreign exchange gains (losses) from cross-currency interest rate contracts. ** The amounts are 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 |  | Cash Collateral |  |  |  |
April 29, 2018 |  | Recognized |  | Arrangements |  | Received/Paid |  | Net Amount |
Assets |  | $ | 194 |  | $ | (74) |  |  |  |  | $ | 120 |
Liabilities |  |  | 371 |  |  | (74) |  | $ | (32) |  |  | 265 |
|  | Gross Amounts |  | Netting |  | Cash Collateral |  |  |  |
October 29, 2017 |  | Recognized |  | Arrangements |  | Received/Paid |  | Net Amount |
Assets |  | $ | 235 |  | $ | (65) |  |  |  |  | $ | 170 |
Liabilities |  |  | 158 |  |  | (65) |  |  |  |  |  | 93 |
|  | Gross Amounts |  | Netting |  | Cash Collateral |  |  |  |
April 30, 2017 |  | Recognized |  | Arrangements |  | Received/Paid |  | Net Amount |
Assets |  | $ | 216 |  | $ | (54) |  |  |  |  | $ | 162 |
Liabilities |  |  | 131 |  |  | (54) |  |  |  |  |  | 77 |

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=84234895&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=84234895&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=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration