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ACQUISITIONS (Tables)

9 Months Ended

Jul. 29, 2018

Wirtgen Group Holding GmbH (Wirtgen)

Preliminary Fair Values Assigned to the Assets and Liabilities Related to the Acquired Entity

The preliminary fair values assigned to the assets and liabilities of the acquired entity in millions of dollars, which is based on information as of the acquisition date and available at July 29, 2018 follows:

Trade accounts and notes receivable		$	457
Financing receivables			43
Financing receivables securitized			125
Other receivables			100
Inventories			1,538
Property and equipment			750
Goodwill			2,067
Other intangible assets			1,458
Deferred income taxes			96
Other assets			221
Total assets		$	6,855
Short-term borrowings		$	285
Short-term securitization borrowings			127
Accounts payable and accrued expenses			726
Deferred income taxes			501
Long-term borrowings			50
Retirement benefits and other liabilities			28
Total liabilities		$	1,717
Noncontrolling interests		$	8

Preliminary Fair Values and Weighted-Average Useful Lives of Identifiable Intangible Assets

The identifiable intangible assets’ preliminary fair values in millions of dollars and weighted-average useful lives in years follows:

		Weighted-Average Useful Lives		Preliminary Fair Values
Customer lists and relationships		16		$	534
Technology, patents, trademarks, and other		19		$	924

Unaudited Pro Forma Consolidated Net Sales and Revenues and Net Income

The unaudited pro forma consolidated net sales and revenues and net income are prepared as if the acquisition closed at the beginning of fiscal year 2017 and follow in millions of dollars:

		Three Months Ended							Nine Months Ended
		July 29			July 30				July 29			July 30
		2018			2017				2018			2017
Net sales and revenues		$	10,308		$	8,810			$	28,406		$	24,062
Net income attributable to Deere & Company		$	986		$	731			$	1,862		$	1,673

King Agro

Preliminary Fair Values Assigned to the Assets and Liabilities Related to the Acquired Entity

The preliminary asset and liability fair values are as follows:

Trade accounts and notes receivable		$	2
Other receivables			2
Inventories			5
Property and equipment			6
Goodwill			28
Other intangible assets			13
Total assets		$	56
Short-term borrowings		$	2
Accounts payable and accrued expenses			4
Deferred income taxes			4
Long-term borrowings			1
Total liabilities		$	11

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472

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