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REVENUE RECOGNITION (Tables)

9 Months Ended

Aug. 01, 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 August 1, 2021
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	1,995	$	1,753	$	1,559	$	605	$	5,912
Canada		253		153		285		162		853
Western Europe		566		679		455		27		1,727
Central Europe and CIS		398		117		241		10		766
Latin America		758		125		227		60		1,170
Asia, Africa, Australia, New Zealand, and Middle East		368		385		308		38		1,099
Total	$	4,338	$	3,212	$	3,075	$	902	$	11,527

Major product lines:
Production agriculture	$	4,179							$	4,179
Small agriculture			$	2,355						2,355
Turf				719						719
Construction					$	1,283				1,283
Compact construction						398				398
Roadbuilding						948				948
Forestry						342				342
Financial products		13		12		5	$	902		932
Other		146		126		99				371
Total	$	4,338	$	3,212	$	3,075	$	902	$	11,527

Timing of revenue recognition:
Revenue recognized at a point in time	$	4,293	$	3,191	$	3,052	$	27	$	10,563
Revenue recognized over time		45		21		23		875		964
Total	$	4,338	$	3,212	$	3,075	$	902	$	11,527


	Nine Months Ended August 1, 2021
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	5,814	$	5,014	$	4,242	$	1,812	$	16,882
Canada		617		376		793		469		2,255
Western Europe		1,604		1,903		1,408		77		4,992
Central Europe and CIS		1,090		361		628		28		2,107
Latin America		1,971		305		617		179		3,072
Asia, Africa, Australia, New Zealand, and Middle East		991		1,230		1,054		114		3,389
Total	$	12,087	$	9,189	$	8,742	$	2,679	$	32,697

Major product lines:
Production agriculture	$	11,656							$	11,656
Small agriculture			$	6,583						6,583
Turf				2,268						2,268
Construction					$	3,402				3,402
Compact construction						1,140				1,140
Roadbuilding						2,924				2,924
Forestry						975				975
Financial products		41		32		17	$	2,679		2,769
Other		390		306		284				980
Total	$	12,087	$	9,189	$	8,742	$	2,679	$	32,697

Timing of revenue recognition:
Revenue recognized at a point in time	$	11,960	$	9,137	$	8,666	$	77	$	29,840
Revenue recognized over time		127		52		76		2,602		2,857
Total	$	12,087	$	9,189	$	8,742	$	2,679	$	32,697


	Three Months Ended August 2, 2020
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	1,617	$	1,228	$	1,048	$	632	$	4,525
Canada		199		96		194		146		635
Western Europe		517		586		376		22		1,501
Central Europe and CIS		219		100		178		9		506
Latin America		512		90		124		51		777
Asia, Africa, Australia, New Zealand, and Middle East		312		319		318		32		981
Total	$	3,376	$	2,419	$	2,238	$	892	$	8,925

Major product lines:
Production agriculture	$	3,210							$	3,210
Small agriculture			$	1,704						1,704
Turf				651						651
Construction					$	817				817
Compact construction						303				303
Roadbuilding						818				818
Forestry						241				241
Financial products		14		10		5	$	892		921
Other		152		54		54				260
Total	$	3,376	$	2,419	$	2,238	$	892	$	8,925

Timing of revenue recognition:
Revenue recognized at a point in time	$	3,337	$	2,402	$	2,210	$	28	$	7,977
Revenue recognized over time		39		17		28		864		948
Total	$	3,376	$	2,419	$	2,238	$	892	$	8,925


	Nine Months Ended August 2, 2020
	Production & Precision Ag		Small Ag & Turf		Construction & Forestry		Financial Services		Total
Primary geographical markets:
United States	$	4,892	$	3,833	$	3,331	$	1,880	$	13,936
Canada		460		239		532		453		1,684
Western Europe		1,422		1,570		1,073		66		4,131
Central Europe and CIS		608		269		477		27		1,381
Latin America		1,290		225		418		177		2,110
Asia, Africa, Australia, New Zealand, and Middle East		722		924		825		96		2,567
Total	$	9,394	$	7,060	$	6,656	$	2,699	$	25,809

Major product lines:
Production agriculture	$	8,915							$	8,915
Small agriculture			$	4,953						4,953
Turf				1,925						1,925
Construction					$	2,535				2,535
Compact construction						930				930
Roadbuilding						2,146				2,146
Forestry						769				769
Financial products		48		24		18	$	2,699		2,789
Other		431		158		258				847
Total	$	9,394	$	7,060	$	6,656	$	2,699	$	25,809

Timing of revenue recognition:
Revenue recognized at a point in time	$	9,277	$	7,017	$	6,576	$	80	$	22,950
Revenue recognized over time		117		43		80		2,619		2,859
Total	$	9,394	$	7,060	$	6,656	$	2,699	$	25,809