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REVENUE RECOGNITION (Tables)

6 Months Ended

May 02, 2021

The Company’s revenue by primary geographical market, major product line, and timing of revenue recognition was as follows in millions of dollars:


	Three Months Ended May 2, 2021
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	2,211	$	1,838	$	1,481	$	608	$	6,138
Canada		252		144		320		153		869
Western Europe		589		738		514		26		1,867
Central Europe and CIS		531		160		209		9		909
Latin America		700		103		220		60		1,083
Asia, Africa, Australia, New Zealand, and Middle East		319		444		393		36		1,192
Total	$	4,602	$	3,427	$	3,137	$	892	$	12,058

Major product lines:
Production agriculture	$	4,466							$	4,466
Small agriculture			$	2,417						2,417
Turf				898						898
Construction					$	1,232				1,232
Compact construction						396				396
Roadbuilding						1,066				1,066
Forestry						343				343
Financial products		12		10		5	$	892		919
Other		124		102		95				321
Total	$	4,602	$	3,427	$	3,137	$	892	$	12,058

Timing of revenue recognition:
Revenue recognized at a point in time	$	4,562	$	3,412	$	3,114	$	26	$	11,114
Revenue recognized over time		40		15		23		866		944
Total	$	4,602	$	3,427	$	3,137	$	892	$	12,058


	Six Months Ended May 2, 2021
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	3,820	$	3,261	$	2,683	$	1,206	$	10,970
Canada		364		223		508		307		1,402
Western Europe		1,038		1,224		953		50		3,265
Central Europe and CIS		692		244		387		18		1,341
Latin America		1,213		180		390		119		1,902
Asia, Africa, Australia, New Zealand, and Middle East		623		845		746		76		2,290
Total	$	7,750	$	5,977	$	5,667	$	1,776	$	21,170

Major product lines:
Production agriculture	$	7,478							$	7,478
Small agriculture			$	4,228						4,228
Turf				1,549						1,549
Construction					$	2,119				2,119
Compact construction						742				742
Roadbuilding						1,976				1,976
Forestry						633				633
Financial products		28		20		12	$	1,776		1,836
Other		244		180		185				609
Total	$	7,750	$	5,977	$	5,667	$	1,776	$	21,170

Timing of revenue recognition:
Revenue recognized at a point in time	$	7,668	$	5,946	$	5,614	$	50	$	19,278
Revenue recognized over time		82		31		53		1,726		1,892
Total	$	7,750	$	5,977	$	5,667	$	1,776	$	21,170


	Three Months Ended May 3, 2020
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	1,841	$	1,540	$	1,263	$	604	$	5,248
Canada		177		89		166		151		583
Western Europe		540		571		358		22		1,491
Central Europe and CIS		258		80		140		8		486
Latin America		394		64		135		60		653
Asia, Africa, Australia, New Zealand, and Middle East		221		290		251		30		792
Total	$	3,431	$	2,634	$	2,313	$	875	$	9,253

Major product lines:
Production agriculture	$	3,280							$	3,280
Small agriculture			$	1,771						1,771
Turf				806						806
Construction					$	877				877
Compact construction						339				339
Roadbuilding						723				723
Forestry						254				254
Financial products		13		8		6	$	875		902
Other		138		49		114				301
Total	$	3,431	$	2,634	$	2,313	$	875	$	9,253

Timing of revenue recognition:
Revenue recognized at a point in time	$	3,396	$	2,620	$	2,287	$	26	$	8,329
Revenue recognized over time		35		14		26		849		924
Total	$	3,431	$	2,634	$	2,313	$	875	$	9,253


	Six Months Ended May 3, 2020
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	3,276	$	2,605	$	2,283	$	1,247	$	9,411
Canada		261		143		338		307		1,049
Western Europe		905		984		697		44		2,630
Central Europe and CIS		389		169		299		18		875
Latin America		778		135		294		126		1,333
Asia, Africa, Australia, New Zealand, and Middle East		410		605		507		64		1,586
Total	$	6,019	$	4,641	$	4,418	$	1,806	$	16,884

Major product lines:
Production agriculture	$	5,706							$	5,706
Small agriculture			$	3,249						3,249
Turf				1,274						1,274
Construction					$	1,718				1,718
Compact construction						627				627
Roadbuilding						1,328				1,328
Forestry						528				528
Financial products		34		14		13	$	1,806		1,867
Other		279		104		204				587
Total	$	6,019	$	4,641	$	4,418	$	1,806	$	16,884

Timing of revenue recognition:
Revenue recognized at a point in time	$	5,941	$	4,615	$	4,366	$	52	$	14,974
Revenue recognized over time		78		26		52		1,754		1,910
Total	$	6,019	$	4,641	$	4,418	$	1,806	$	16,884