XML 65 R49.htm IDEA: XBRL DOCUMENT
v3.21.2

SPECIAL ITEMS (Tables) | 9 Months Ended
--- | ---
Aug. 01, 2021
SPECIAL ITEMS |
Schedule of Impairments and Other Benefits | 2021 Special Items In the third quarter of 2021, the Company sold a closed factory that previously produced small agricultural equipment in China, resulting in a $27 million pretax gain. During the first quarter of 2021, the fixed assets in an asphalt plant factory in Germany were impaired by $38 million, pretax and after-tax. The Company also continued to assess its manufacturing locations, resulting in additional long-lived asset impairments of $12 million pretax. The impairments were the result of a decline in forecasted financial performance that indicated it was probable future cash flows would not cover the carrying amount of the net assets. These impairments were offset by a favorable indirect tax ruling in Brazil of $58 million pretax. See Note 19 for fair value measurement information.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended August 1, 2021 | ​
Expense (benefit): | ​ | Production & Precision Ag |  | Small Ag & Turf |  | Construction & Forestry |  | Total | ​
Long-lived asset impairments – Cost of sales | ​ | $ | 5 | ​ | $ | 3 | ​ | $ | 42 | ​ | $ | 50 | ​
Brazil indirect tax – Cost of sales | ​ | ​ | (53) | ​ | ​ | ​ | ​ | ​ | (5) | ​ | ​ | (58) | ​
Gain on sale – Other income | ​ | ​ | ​ | ​ | ​ | (27) | ​ | ​ | ​ | ​ | ​ | (27) | ​
Total expense (benefit) | ​ | $ | (48) | ​ | $ | (24) | ​ | $ | 37 | ​ | $ | (35) | ​
​ 2020 Special Items In the second quarter of 2020, the fixed assets in an asphalt plant factory in Germany were impaired by $62 million pretax and after-tax. The impairment is the result of a decline in forecasted financial performance that indicated it was probable future cash flows would not cover the carrying amount of the net assets. The equipment on operating leases and matured operating lease inventory were impaired by $22 million and $10 million pretax, respectively, with an income tax benefit of approximately $9 million. The impairments were the result of higher expected equipment return rates and lower estimated values of used construction equipment than originally estimated with the probable effect that the future cash flows would not cover the carrying amount of the net assets. A minority investment in a construction equipment company headquartered in South Africa was impaired by $20 million pretax and after-tax. The impairment was the result of an other than temporary decline in value. In the third quarter of 2020, the Company closed a factory producing small agricultural equipment in China. In connection with this closure, a non-cash impairment of other receivables, property, and intangible assets of $9 million pretax and after-tax was recorded and $4 million pretax and after-tax for severance payments. See Note 19 for fair value measurement information.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended August 2, 2020 | ​
Expense: |  | Small Ag & Turf |  | Construction & Forestry |  | Financial Services |  | Total | ​
Factory closure – Cost of sales | ​ | $ | 13 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 13 | ​
Long-lived asset impairments – Cost of sales | ​ | ​ | ​ | ​ | $ | 62 | ​ | ​ | ​ | ​ | ​ | 62 | ​
Equipment on operating leases & matured operating lease inventory impairments – Other operating expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 32 | ​ | ​ | 32 | ​
Investments in unconsolidated affiliates impairment – Equity in loss of unconsolidated affiliate | ​ | ​ | ​ | ​ | ​ | 20 | ​ | ​ | ​ | ​ | ​ | 20 | ​
Total expense | ​ | $ | 13 | ​ | $ | 82 | ​ | $ | 32 | ​ | $ | 127 | ​
Schedule of Employee-Separation Program Pretax Expenses | Employee-Separation Program During the first quarter of 2020, the Company announced a broad voluntary employee-separation program for the U.S. salaried workforce that continued the efforts to create a more efficient organization structure and reduce operating costs. The program provided for cash payments based on years of service. The expense was recorded primarily in the period in which the employees irrevocably accepted the separation offer. The payments for the program were also substantially made in the first quarter of 2020. Included in the total pretax expense is a non-cash charge of $21 million resulting from a curtailment in certain OPEB plans (see Note 8), which was recorded outside of operating profit in “Other operating expense.”
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended August 2, 2020 | ​
​ |  | Production & Precision Ag |  | Small Ag & Turf |  | Construction & Forestry |  | Financial Services |  | Total | ​
Cost of sales | ​ | $ | 21 | ​ | $ | 11 | ​ | $ | 9 | ​ | ​ | ​ | ​ | $ | 41 | ​
Research and development expenses | ​ | ​ | 8 | ​ | ​ | 7 | ​ | ​ | 4 | ​ | ​ | ​ | ​ | ​ | 19 | ​
Selling, administrative and general expenses | ​ | ​ | 19 | ​ | ​ | 19 | ​ | ​ | 14 | ​ | $ | 3 | ​ | ​ | 55 | ​
Total operating profit impact | ​ | $ | 48 | ​ | $ | 37 | ​ | $ | 27 | ​ | $ | 3 | ​ | ​ | 115 | ​
Other operating expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 23 | ​
Total expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 138 | ​

X
- Definition Tabular disclosure of employee-separation programs pretax expenses. + References No definition available. + Details
Name: | de_ScheduleOfEmployeeSeparationProgramsExpenseTableTextBlock
Namespace Prefix: | de_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impairments and other charges (benefits). + References No definition available. + Details
Name: | de_ScheduleOfImpairmentsAndOtherChargesTableTextBlock
Namespace Prefix: | de_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ExtraordinaryAndUnusualItemsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration