XML 81 R61.htm IDEA: XBRL DOCUMENT
v3.22.2.2

SEGMENT DATA (Tables) | 12 Months Ended
--- | ---
Oct. 30, 2022
SEGMENT DATA |
Schedule of Segment Reporting Information | Information relating to operations by operating segment in millions of dollars follows for the years ended October 30, 2022, October 31, 2021 and November 1, 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING SEGMENTS | ​ | 2022 |  | 2021 |  | 2020 |
Net sales and revenues |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Unaffiliated customers: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag net sales | ​ | $ | 22,002 | ​ | $ | 16,509 | ​ | $ | 12,962 | ​
Small ag & turf net sales | ​ | ​ | 13,381 | ​ | ​ | 11,860 | ​ | ​ | 9,363 | ​
Construction & forestry net sales | ​ |  | 12,534 | ​ |  | 11,368 | ​ |  | 8,947 | ​
Financial services revenues | ​ |  | 3,625 | ​ |  | 3,548 | ​ |  | 3,589 | ​
Other revenues* | ​ |  | 1,035 | ​ |  | 739 | ​ |  | 679 | ​
Total | ​ | $ | 52,577 | ​ | $ | 44,024 | ​ | $ | 35,540 | ​
* Other revenues are primarily the production and precision ag, small ag and turf, and construction and forestry revenues for finance and interest income, and other income. ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING SEGMENTS |  | 2022 |  | 2021 |  | 2020 |
Operating profit |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 4,386 | ​ | $ | 3,334 | ​ | $ | 1,969 | ​
Small ag & turf | ​ | ​ | 1,949 | ​ | ​ | 2,045 | ​ | ​ | 1,000 | ​
Construction & forestry | ​ |  | 2,014 | ​ |  | 1,489 | ​ |  | 590 | ​
Financial services* | ​ |  | 1,159 | ​ |  | 1,144 | ​ |  | 746 | ​
Total operating profit* | ​ |  | 9,508 | ​ |  | 8,012 | ​ |  | 4,305 | ​
Interest income | ​ |  | 159 | ​ |  | 82 | ​ |  | 62 | ​
Interest expense | ​ |  | (390) | ​ |  | (368) | ​ |  | (329) | ​
Foreign exchange gains (losses) from equipment operations’ financing activities | ​ |  | (103) | ​ |  | (45) | ​ |  | 17 | ​
Pension and OPEB benefit (cost), excluding service cost component | ​ | ​ | 218 | ​ | ​ | 183 | ​ | ​ | 31 | ​
Corporate expenses – net | ​ |  | (255) | ​ |  | (241) | ​ |  | (251) | ​
Income taxes | ​ |  | (2,007) | ​ |  | (1,658) | ​ |  | (1,082) | ​
Total | ​ |  | (2,378) | ​ |  | (2,047) | ​ |  | (1,552) | ​
Net income | ​ |  | 7,130 | ​ |  | 5,965 | ​ |  | 2,753 | ​
Less: Net income (loss) attributable to noncontrolling interests | ​ |  | (1) | ​ | ​ | 2 | ​ | ​ | 2 | ​
Net income attributable to Deere & Company | ​ | $ | 7,131 | ​ | $ | 5,963 | ​ | $ | 2,751 | ​
* Operating profit of the financial services business segment includes the effect of its interest expense and foreign exchange gains or losses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income* |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 22 | ​ | $ | 21 | ​ | $ | 22 | ​
Small ag & turf | ​ | ​ | 24 | ​ | ​ | 21 | ​ | ​ | 16 | ​
Construction & forestry | ​ |  | 8 | ​ |  | 10 | ​ |  | 12 | ​
Financial services | ​ |  | 2,245 | ​ |  | 1,999 | ​ |  | 2,122 | ​
Corporate | ​ |  | 159 | ​ |  | 82 | ​ |  | 62 | ​
Intercompany | ​ |  | (431) | ​ |  | (279) | ​ |  | (272) | ​
Total | ​ | $ | 2,027 | ​ | $ | 1,854 | ​ | $ | 1,962 | ​
* Does not include finance rental income for equipment on operating leases. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 122 | ​ | $ | 84 | ​ | $ | 76 | ​
Small ag & turf | ​ | ​ | 105 | ​ | ​ | 87 | ​ | ​ | 111 | ​
Construction & forestry | ​ |  | 72 | ​ |  | 46 | ​ |  | 61 | ​
Financial services | ​ |  | 799 | ​ |  | 687 | ​ |  | 942 | ​
Corporate | ​ |  | 390 | ​ |  | 368 | ​ |  | 329 | ​
Intercompany | ​ |  | (426) | ​ |  | (279) | ​ |  | (272) | ​
Total | ​ | $ | 1,062 | ​ | $ | 993 | ​ | $ | 1,247 | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation* and amortization expense |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 523 | ​ | $ | 495 | ​ | $ | 480 | ​
Small ag & turf | ​ | ​ | 236 | ​ | ​ | 245 | ​ | ​ | 247 | ​
Construction & forestry | ​ |  | 282 | ​ |  | 303 | ​ |  | 289 | ​
Financial services | ​ |  | 1,050 | ​ |  | 1,140 | ​ |  | 1,227 | ​
Intercompany | ​ | ​ | (196) | ​ | ​ | (133) | ​ | ​ | (125) | ​
Total | ​ | $ | 1,895 | ​ | $ | 2,050 | ​ | $ | 2,118 | ​
* Includes depreciation for equipment on operating leases. ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING SEGMENTS |  | 2022 |  | 2021 |  | 2020 |
Equity in income (loss) of unconsolidated affiliates |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Small ag & turf | ​ | $ | 1 | ​ | $ | 2 | ​ | $ | 2 | ​
Construction & forestry | ​ |  | 5 | ​ | ​ | 16 | ​ | ​ | (52) | ​
Financial services | ​ |  | 4 | ​ |  | 3 | ​ |  | 2 | ​
Total | ​ | $ | 10 | ​ | $ | 21 | ​ | $ | (48) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Identifiable operating assets |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 8,414 | ​ | $ | 7,021 | ​ | $ | 5,708 | ​
Small ag & turf | ​ | ​ | 4,451 | ​ | ​ | 3,959 | ​ | ​ | 3,266 | ​
Construction & forestry | ​ |  | 6,754 | ​ |  | 6,457 | ​ |  | 6,322 | ​
Financial services | ​ |  | 58,864 | ​ |  | 51,624 | ​ |  | 48,719 | ​
Corporate | ​ |  | 11,547 | ​ |  | 15,053 | ​ |  | 11,076 | ​
Total | ​ | $ | 90,030 | ​ | $ | 84,114 | ​ | $ | 75,091 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital additions |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 649 | ​ | $ | 458 | ​ | $ | 431 | ​
Small ag & turf | ​ | ​ | 329 | ​ | ​ | 253 | ​ | ​ | 223 | ​
Construction & forestry | ​ |  | 217 | ​ |  | 183 | ​ |  | 157 | ​
Financial services | ​ |  | 2 | ​ |  | 3 | ​ |  | 4 | ​
Total | ​ | $ | 1,197 | ​ | $ | 897 | ​ | $ | 815 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in unconsolidated affiliates |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Production & precision ag | ​ | $ | 10 | ​ | ​ | ​ | ​ | $ | 1 | ​
Small ag & turf | ​ | ​ | 84 | ​ | $ | 31 | ​ | ​ | 29 | ​
Construction & forestry | ​ |  | ​ | ​ |  | 122 | ​ |  | 144 | ​
Financial services | ​ |  | 23 | ​ |  | 22 | ​ |  | 19 | ​
Total | ​ | $ | 117 | ​ | $ | 175 | ​ | $ | 193 | ​
​

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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