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OTHER ASSETS (Tables)

12 Months Ended

Oct. 30, 2022

OTHER ASSETS

Schedule of Other Assets

Other assets at October 30, 2022 and October 31, 2021 consisted of the following in millions of dollars:

​

​	​	​	​	​	​	​	​
​		2022			2021		​
Operating lease asset (Note 24)	​	$	299	​	$	291	​
Capitalized software, net		​	372		​	282	​
Investment in unconsolidated affiliates	​	​	117		​	175	​
Deferred charges (including prepaids)	​	​	383	​	​	281	​
Derivative assets (Note 26)	​	​	373	​	​	275	​
Prepaid taxes	​	​	185	​	​	193	​
Parts return asset	​	​	119	​	​	114	​
Restricted cash	​	​	167	​	​	108	​
Matured lease & repossessed inventory	​	​	44	​	​	55	​
Other	​	​	358	​	​	371	​
Total	​	$	2,417	​	$	2,145	​

​

Unconsolidated Affiliated Companies

Combined financial information of the unconsolidated affiliated companies in millions of dollars follows:

​

​	​	​	​	​	​	​	​	​	​	​
Operations		2022			2021			2020
Sales	​	$	1,023	​	$	2,095	​	$	1,793	​
Net income	​		11	​		51	​		7	​
Deere & Company’s equity in net income (loss)	​		10	​	​	21	​	​	(48)	​

​

​

​	​	​	​	​	​	​	​
Financial Position		2022			2021
Total assets	​	$	696	​	$	1,289	​
Total external borrowings	​		470	​		497	​
Total net assets	​		166	​		366	​
Deere & Company’s share of the net assets	​		117	​		175	​

​

Transactions with Unconsolidated Affiliated Companies

Transactions with unconsolidated affiliated companies reported in the statements of consolidated income in millions of dollars follow:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	2022			2021			2020		​
Net sales	​	$	26	​	$	78	​	$	81	​
Purchases	​	​	761	​	​	1,605	​	​	1,288	​

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Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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