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ACQUISITIONS - Acquisition of Excavator Factories (Details) - USD ($) $ in Millions |  | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Feb. 28, 2022 | May 01, 2022 | Oct. 31, 2021 | May 02, 2021 | Nov. 01, 2020
Invested Capital |  |  |  |  |
Non-cash gain on remeasurement of previously held equity investment, pretax |  | $ 326 |  |  |
Preliminary Asset and Liability Fair Values at the Acquisition Date |  |  |  |  |
Goodwill |  | 3,812 | $ 3,291 | $ 3,190 | $ 3,081
Construction & Forestry (CF) |  |  |  |  |
Preliminary Asset and Liability Fair Values at the Acquisition Date |  |  |  |  |
Goodwill |  | 2,832 | $ 2,484 | $ 2,569 | $ 2,480
Excavator Factories |  |  |  |  |
Invested Capital |  |  |  |  |
Deferred consideration | $ 271 |  |  |  |
Total purchase price consideration | 546 |  |  |  |
Less: Cash obtained | (187) |  |  |  |
Less: Settlement of intercompany balances | (113) |  |  |  |
Net purchase price consideration | 246 |  |  |  |
Fair value of previously held equity investment | 444 |  |  |  |
Total invested capital | 690 |  |  |  |
Net present value of deferred consideration |  | $ 262 |  |  |
Non-cash gain on remeasurement of previously held equity investment, after-tax | 326 |  |  |  |
Preliminary Asset and Liability Fair Values at the Acquisition Date |  |  |  |  |
Other receivables | 29 |  |  |  |
Inventories | 286 |  |  |  |
Property and equipment | 182 |  |  |  |
Goodwill | 534 |  |  |  |
Other intangible assets | 70 |  |  |  |
Deferred income taxes | 49 |  |  |  |
Total assets | 1,150 |  |  |  |
Accounts payable and accrued expenses | 297 |  |  |  |
Long-term borrowings | 163 |  |  |  |
Total liabilities | $ 460 |  |  |  |
Identifiable Intangible Assets |  |  |  |  |
Weighted-average amortization period (in years) | 10 years |  |  |  |
Excavator Factories | Other Income | Construction & Forestry (CF) |  |  |  |  |
Invested Capital |  |  |  |  |
Non-cash gain on remeasurement of previously held equity investment, pretax | $ 326 |  |  |  |
Excavator Factories | John Deere-branded Excavators, Components, and Service Parts |  |  |  |  |
Invested Capital |  |  |  |  |
Price increases (as a percent) | 27.00% |  |  |  |
Excavator Factories | John Deere-branded Excavators, Components, and Service Parts | Minimum |  |  |  |  |
Invested Capital |  |  |  |  |
Supply agreement period | 5 years |  |  |  |
Excavator Factories | John Deere-branded Excavators, Components, and Service Parts | Maximum |  |  |  |  |
Invested Capital |  |  |  |  |
Supply agreement period | 30 years |  |  |  |
Excavator Factories | License Agreement |  |  |  |  |
Invested Capital |  |  |  |  |
Cash consideration | $ 70 |  |  |  |
Excavator Factories | Factories |  |  |  |  |
Invested Capital |  |  |  |  |
Cash consideration | $ 205 |  |  |  |

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