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STATEMENT OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Aug. 02, 2020
Jul. 28, 2019
Aug. 02, 2020
Jul. 28, 2019
Net Sales and Revenues        
Net sales and revenues $ 8,925 $ 10,036 $ 25,809 $ 29,362
Costs and Expenses        
Research and development expenses 370 431 1,201 1,295
Selling, administrative and general expenses 752 896 2,467 2,607
Interest expense 290 374 969 1,078
Total 7,655 8,923 23,042 26,099
Income of Consolidated Group before Income Taxes 1,270 1,113 2,767 3,263
Provision for income taxes 457 221 752 748
Income of Consolidated Group 813 892 2,015 2,515
Equity in income (loss) of unconsolidated affiliates (2) 7 (20) 20
Net Income 811 899 1,995 2,535
Less: Net income attributable to noncontrolling interests 0 0 2 3
Net Income Attributable to Deere & Company $ 811 $ 899 $ 1,993 $ 2,532
Per Share Data        
Basic (in dollars per share) $ 2.59 $ 2.84 $ 6.36 $ 7.98
Diluted (in dollars per share) $ 2.57 $ 2.81 $ 6.30 $ 7.87
Average Shares Outstanding        
Basic (in shares) 313.0 315.9 313.3 317.3
Diluted (in shares) 315.8 319.8 316.4 321.5
Net Sales        
Net Sales and Revenues        
Net sales $ 7,859 $ 8,969 $ 22,612 $ 26,182
Costs and Expenses        
Costs and expenses 5,835 6,870 17,206 20,056
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 838 884 2,584 2,537
Other        
Net Sales and Revenues        
Net sales and revenues 228 183 613 643
Costs and Expenses        
Costs and expenses $ 408 $ 352 $ 1,199 $ 1,063