SEGMENT REPORTING (Tables)

6 Months Ended

Apr. 28, 2019

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 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.