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EQUIPMENT ON OPERATING LEASES (Tables)

12 Months Ended

Nov. 03, 2019

EQUIPMENT ON OPERATING LEASES

Equipment on Operating Leases - Net

Operating leases arise primarily from the leasing of John Deere equipment to retail customers. Initial lease terms generally range from 12 to 60 months. Net equipment on operating leases at November 3, 2019 and October 28, 2018 consisted of the following in millions of dollars:

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​	​	​	​	​	​	​	​
​		2019			2018		​
Equipment on operating leases:	​	​	​	​	​	​	​
Agriculture and turf	​	$	5,888	​	$	5,682	​
Construction and forestry	​		1,679	​		1,483	​
Equipment on operating leases – net		$	7,567		$	7,165	​

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- References

No definition available.

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- Definition

Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718

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