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SEGMENT REPORTING | 6 Months Ended
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Apr. 28, 2019
SEGMENT REPORTING |
SEGMENT REPORTING | (10) Segment Reporting Worldwide net sales and revenues, operating profit, and identifiable assets by segment in millions of dollars follow:
|  | Three Months Ended |  | Six Months Ended |
|  | April 28 |  | April 29 |  | % |  | April 28 |  | April 29 |  | % |
|  | 2019 |  | 2018 |  | Change |  | 2019 |  | 2018 |  | Change |
Net sales and revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 7,282 |  | $ | 7,049 |  | +3 |  | $ | 11,963 |  | $ | 11,292 |  | +6 |
Construction and forestry |  |  | 2,991 |  |  | 2,698 |  | +11 |  |  | 5,251 |  |  | 4,429 |  | +19 |
Total net sales |  |  | 10,273 |  |  | 9,747 |  | +5 |  |  | 17,214 |  |  | 15,721 |  | +9 |
Financial services |  |  | 886 |  |  | 795 |  | +11 |  |  | 1,741 |  |  | 1,572 |  | +11 |
Other revenues |  |  | 183 |  |  | 178 |  | +3 |  |  | 371 |  |  | 340 |  | +9 |
Total net sales and revenues |  | $ | 11,342 |  | $ | 10,720 |  | +6 |  | $ | 19,326 |  | $ | 17,633 |  | +10 |
Operating profit: * |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 1,019 |  | $ | 1,056 |  | -4 |  | $ | 1,367 |  | $ | 1,443 |  | -5 |
Construction and forestry |  |  | 347 |  |  | 259 |  | +34 |  |  | 576 |  |  | 291 |  | +98 |
Financial services |  |  | 170 |  |  | 179 |  | -5 |  |  | 362 |  |  | 396 |  | -9 |
Total operating profit |  |  | 1,536 |  |  | 1,494 |  | +3 |  |  | 2,305 |  |  | 2,130 |  | +8 |
Reconciling items ** |  |  | (57) |  |  | (109) |  | -48 |  |  | (144) |  |  | (222) |  | -35 |
Income taxes |  |  | (344) |  |  | (177) |  | +94 |  |  | (528) |  |  | (1,235) |  | -57 |
Net income attributable to Deere & Company |  | $ | 1,135 |  | $ | 1,208 |  | -6 |  | $ | 1,633 |  | $ | 673 |  | +143 |
Intersegment sales and revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and turf net sales |  | $ | 10 |  | $ | 15 |  | -33 |  | $ | 18 |  | $ | 24 |  | -25 |
Construction and forestry net sales |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |
Financial services |  |  | 96 |  |  | 82 |  | +17 |  |  | 168 |  |  | 145 |  | +16 |
Equipment operations outside the U.S. and Canada: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 4,141 |  | $ | 4,295 |  | -4 |  | $ | 6,959 |  | $ | 6,804 |  | +2 |
Operating profit |  |  | 482 |  |  | 534 |  | -10 |  |  | 658 |  |  | 680 |  | -3 |
|  | April 28 |  | October 28 |  |  |
|  | 2019 |  | 2018 |  |  |
Identifiable assets: |  |  |  |  |  |  |  |  |
Agriculture and turf |  | $ | 10,793 |  | $ | 10,161 |  | +6 |
Construction and forestry |  |  | 10,349 |  |  | 9,855 |  | +5 |
Financial services |  |  | 47,240 |  |  | 45,720 |  | +3 |
Corporate |  |  | 4,348 |  |  | 4,372 |  | -1 |
Total assets |  | $ | 72,730 |  | $ | 70,108 |  | +4 |
* 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 OPEB costs excluding the service cost component, and net income attributable to noncontrolling interests.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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