SEGMENT REPORTING (Tables)

6 Months Ended

Apr. 29, 2018

Schedule of Segment Reporting Information

Worldwide net sales and revenues, operating profit, and identifiable assets by segment in millions of dollars follow:


	Three Months Ended					Six Months Ended
	April 29		April 30		%	April 29		April 30		%
	2018		2017		Change	2018		2017		Change
Net sales and revenues:
Agriculture and turf	$	7,049	$	5,794	+22	$	11,292	$	9,392	+20
Construction and forestry		2,698		1,466	+84		4,429		2,566	+73
Total net sales		9,747		7,260	+34		15,721		11,958	+31
Financial services		795		716	+11		1,572		1,412	+11
Other revenues		178		311	-43		340		542	-37
Total net sales and revenues	$	10,720	$	8,287	+29	$	17,633	$	13,912	+27
Operating profit: *
Agriculture and turf	$	1,056	$	1,009	+5	$	1,443	$	1,227	+18
Construction and forestry		259		111	+133		291		148	+97
Financial services		179		158	+13		396		325	+22
Total operating profit		1,494		1,278	+17		2,130		1,700	+25
Reconciling items **		(109)		(104)	+5		(222)		(198)	+12
Income taxes		(177)		(366)	-52		(1,235)		(495)	+149
Net income attributable to Deere & Company	$	1,208	$	808	+50	$	673	$	1,007	-33

Intersegment sales and revenues:
Agriculture and turf net sales	$	15	$	10	+50	$	24	$	17	+41
Construction and forestry net sales
Financial services		82		62	+32		145		111	+31

Equipment operations outside the U.S. and Canada:
Net sales	$	4,295	$	2,968	+45	$	6,804	$	4,860	+40
Operating profit		534		391	+37		680		467	+46


	April 29		October 29
	2018		2017
Identifiable assets:
Agriculture and turf	$	10,603	$	9,359	+13
Construction and forestry		10,471		3,212	+226
Financial services		44,278		42,596	+4
Corporate		4,521		10,619	-57
Total assets	$	69,873	$	65,786	+6

* 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, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.