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SEGMENT REPORTING

3 Months Ended

Jan. 30, 2022

SEGMENT REPORTING

SEGMENT REPORTING

(8)  Segment Reporting

Worldwide net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars. Operating profit is income from continuing operations before reconciling items and income taxes. Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, pension and OPEB benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended
	​	January 30		​	January 31		​	%
​		2022			2021			Change
Net sales and revenues:		​			​				​
Production & precision ag net sales		$	3,356	​	$	3,069	​	+9	​
Small ag & turf net sales	​	​	2,631	​	​	2,515	​	+5	​
Construction & forestry net sales	​	​	2,544	​		2,467	​	+3	​
Financial services revenues	​	​	870	​		884	​	-2	​
Other revenues	​	​	168	​		177	​	-5	​
Total net sales and revenues		$	9,569	​	$	9,112	​	+5	​
Operating profit:	​	​	​	​	​	​	​	​	​
Production & precision ag		$	296	​	$	643	​	-54	​
Small ag & turf	​	​	371	​	​	469	​	-21	​
Construction & forestry	​	​	272	​		268	​	+1	​
Financial services	​	​	296	​		258	​	+15	​
Total operating profit	​	​	1,235	​		1,638	​	-25	​
Reconciling items	​	​	(82)	​		(106)	​	-23	​
Income taxes	​	​	(250)	​		(308)	​	-19	​
Net income attributable to Deere & Company		$	903	​	$	1,224	​	-26	​
​	​	​	​	​	​	​	​	​	​
Intersegment sales and revenues:	​	​	​	​	​	​	​	​	​
Production & precision ag net sales		$	4	​	$	6	​	-33	​
Small ag & turf net sales	​	​	2	​	​	3	​	-33	​
Construction & forestry net sales	​	​	​	​	​	​	​	​	​
Financial services revenues	​	​	46	​		50	​	-8	​
​	​	​	​	​	​	​	​	​	​
Operating profit outside the U.S. and Canada:	​	​	​	​	​	​	​	​	​
Production & precision ag	​	$	282	​	$	228	​	+24	​
Small ag & turf	​	​	310	​	​	242	​	+28	​
Construction & forestry	​	​	144	​	​	93	​	+55	​
Financial services	​	​	70	​	​	66	​	+6	​
Total operating profit outside the U.S. and Canada	​	$	806	​	$	629	​	+28	​

​	​	​	​	​	​	​	​	​	​	​
​		January 30			October 31			January 31
​	​	2022		​	2021		​	2021
Identifiable assets:	​	​	​	​	​	​	​	​	​	​
Production & precision ag		$	7,683	​	$	7,021	​	$	6,330	​
Small ag & turf	​	​	4,260	​	​	3,959	​	​	3,510	​
Construction & forestry	​	​	6,358	​		6,457	​		6,341	​
Financial services	​	​	50,499	​		51,624	​		48,378	​
Corporate	​	​	10,814	​		15,053	​		10,921	​
Total assets		$	79,614	​	$	84,114	​	$	75,480	​

​

X

- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

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