Exhibit 99.1

Deere & Company

Selected, Recast Segment Financial Data

(In millions)

(Unaudited)

The following is selected, recast segment financial data, reflecting our new segment structure, for the years ended November 1, 2020, November 3, 2019, and October 28, 2018:

Segment Information – as previously reported

2020

2019

2018

Net sales and revenues:

Agriculture & turf net sales

$

22,325

$

23,666

$

23,191

Construction & forestry net sales

8,947

11,220

10,160

Financial services revenues

3,589

3,621

3,252

Other revenues

679

751

755

Total net sales and revenues

$

35,540

$

39,258

$

37,358

Operating profit: *

Agriculture & turf

$

2,969

$

2,506

$

2,816

Construction & forestry

590

1,215

868

Financial services

746

694

792

Total operating profit

4,305

4,415

4,476

Reconciling items **

(472)

(310)

(381)

Income taxes

(1,082)

(852)

(1,727)

Net income attributable to Deere & Company

$

2,751

$

3,253

$

2,368

Segment Information – as recast

2020

2019

2018

Net sales and revenues:

Production & precision ag net sales

$

12,962

$

13,364

$

13,086

Small ag & turf net sales

9,363

10,302

10,105

Construction & forestry net sales

8,947

11,220

10,160

Financial services revenues

3,589

3,621

3,252

Other revenues

679

751

755

Total net sales and revenues

$

35,540

$

39,258

$

37,358

Operating profit: *

Production & precision ag

$

1,969

$

1,729

$

1,897

Small ag & turf

1,000

777

919

Construction & forestry

590

1,215

868

Financial services

746

694

792

Total operating profit

4,305

4,415

4,476

Reconciling items **

(472)

(310)

(381)

Income taxes

(1,082)

(852)

(1,727)

Net income attributable to Deere & Company

$

2,751

$

3,253

$

2,368

* 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 postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.


The following is selected, recast segment financial data, reflecting our new segment structure, for the interim periods of fiscal year 2020:

Segment Information – as previously reported

Fiscal Year 2020

First

Second

Third

Fourth

Quarter

Quarter

Quarter

Quarter

Net sales and revenues:

Agriculture & turf net sales

$

4,486

$

5,968

$

5,672

$

6,198

Construction & forestry net sales

2,044

2,256

2,187

2,461

Financial services revenues

931

875

892

891

Other revenues

170

154

174

181

Total net sales and revenues

$

7,631

$

9,253

$

8,925

$

9,731

Operating profit: *

Agriculture & turf

$

373

$

794

$

942

$

860

Construction & forestry

93

96

205

196

Financial services

179

75

243

249

Total operating profit

645

965

1,390

1,305

Reconciling items **

(78)

(54)

(122)

(219)

Income taxes

(50)

(245)

(457)

(329)

Net income attributable to Deere & Company

$

517

$

666

$

811

$

757

Segment Information – as recast

Fiscal Year 2020

First

Second

Third

Fourth

Quarter

Quarter

Quarter

Quarter

Net sales and revenues:

Production & precision ag net sales

$

2,507

$

3,365

$

3,289

$

3,801

Small ag & turf net sales

1,979

2,603

2,383

2,397

Construction & forestry net sales

2,044

2,256

2,187

2,461

Financial services revenues

931

875

892

891

Other revenues

170

154

174

181

Total net sales and revenues

$

7,631

$

9,253

$

8,925

$

9,731

Operating profit: *

Production & precision ag

$

218

$

568

$

605

$

578

Small ag & turf

155

226

337

282

Construction & forestry

93

96

205

196

Financial services

179

75

243

249

Total operating profit

645

965

1,390

1,305

Reconciling items **

(78)

(54)

(122)

(219)

Income taxes

(50)

(245)

(457)

(329)

Net income attributable to Deere & Company

$

517

$

666

$

811

$

757

* 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 postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.


The following is selected, recast segment financial data, reflecting our new segment structure, for the special items recorded in fiscal year 2020:

Employee-Separation Programs – as previously reported

Fiscal Year 2020

Agriculture

Construction

Financial

& Turf

& Forestry

Services

Total

Cost of sales

$

82

$

22

$

104

Research and development expenses

47

8

55

Selling, administrative and general expenses

96

24

$

15

135

Other operating expenses

41

Total pretax expenses

$

225

$

54

$

15

$

335

Employee-Separation Programs – as recast

Fiscal Year 2020

Production &

Small Ag

Construction

Financial

Precision Ag

& Turf

& Forestry

Services

Total

Cost of sales

$

51

$

31

$

22

$

104

Research and development expenses

29

18

8

55

Selling, administrative and general expenses

53

43

24

$

15

135

Other operating expenses

41

Total pretax expenses

$

133

$

92

$

54

$

15

$

335

Impairments and Other Charges – as previously reported

Fiscal Year 2020

Agriculture

Construction

Financial

& Turf

& Forestry

Services

Total

Factory closure - Cost of sales

$

20

$

20

Long-lived asset impairments:

Cost of sales

13

$

80

93

SA&G expenses

4

4

Other operating expenses

$

32

32

Affiliate company impairments - Equity in income (loss) of unconsolidated affiliates

50

50

Total pretax impairments and closure costs

$

37

$

130

$

32

$

199

Impairments and Other Charges – as recast

Fiscal Year 2020

Production &

Small Ag

Construction

Financial

Precision Ag

& Turf

& Forestry

Services

Total

Factory closure - Cost of sales

$

20

$

20

Long-lived asset impairments:

Cost of sales

13

$

80

93

SA&G expenses

$

2

2

4

Other operating expenses

$

32

32

Affiliate company impairments - Equity in income (loss) of unconsolidated affiliates

50

50

Total pretax impairments and closure costs

$

2

$

35

$

130

$

32

$

199