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SEGMENT REPORTING

9 Months Ended

Jul. 29, 2018

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								Nine Months Ended
		July 29			July 30			%		July 29			July 30			%
		2018			2017			Change		2018			2017			Change
Net sales and revenues:
Agriculture and turf		$	6,293		$	5,338		+18		$	17,585		$	14,730		+19
Construction and forestry			2,993			1,495		+100			7,422			4,061		+83
Total net sales			9,286			6,833		+36			25,007			18,791		+33
Financial services			830			741		+12			2,402			2,153		+12
Other revenues			192			234		-18			533			776		-31
Total net sales and revenues		$	10,308		$	7,808		+32		$	27,942		$	21,720		+29
Operating profit: *
Agriculture and turf		$	806		$	693		+16		$	2,249		$	1,920		+17
Construction and forestry			281			111		+153			573			259		+121
Financial services			196			198		-1			591			523		+13
Total operating profit			1,283			1,002		+28			3,413			2,702		+26
Reconciling items **			(84)			(107)		-21			(306)			(304)		+1
Income taxes			(289)			(253)		+14			(1,523)			(749)		+103
Net income attributable to Deere & Company		$	910		$	642		+42		$	1,584		$	1,649		-4
Intersegment sales and revenues:
Agriculture and turf net sales		$	14		$	12		+17		$	38		$	29		+31
Construction and forestry net sales
Financial services			89			67		+33			234			178		+31
Equipment operations outside the U.S. and Canada:
Net sales		$	4,232		$	2,925		+45		$	11,036		$	7,785		+42
Operating profit			398			354		+12			1,079			821		+31

		July 29			October 29
		2018			2017
Identifiable assets:
Agriculture and turf		$	10,152		$	9,359		+8
Construction and forestry			9,920			3,212		+209
Financial services			45,038			42,596		+6
Corporate			4,280			10,619		-60
Total assets		$	69,390		$	65,786		+5

* 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.

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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