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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 01, 2022
May 02, 2021
May 01, 2022
May 02, 2021
Net Sales and Revenues        
Net sales and revenues $ 13,370 $ 12,058 $ 22,939 $ 21,170
Costs and Expenses        
Research and development expenses 453 377 855 743
Selling, administrative and general expenses 932 838 1,713 1,607
Interest expense 187 268 417 538
Other operating expenses 328 335 638 708
Total 10,818 9,746 19,236 17,330
Income of Consolidated Group before Income Taxes 2,552 2,312 3,703 3,840
Provision for income taxes 461 530 710 838
Income of Consolidated Group 2,091 1,782 2,993 3,002
Equity in income of unconsolidated affiliates 6 8 8 12
Net Income 2,097 1,790 3,001 3,014
Less: Net income (loss) attributable to noncontrolling interests (1)     1
Net Income Attributable to Deere & Company $ 2,098 $ 1,790 $ 3,001 $ 3,013
Per Share Data        
Basic (in dollars per share) $ 6.85 $ 5.72 $ 9.78 $ 9.62
Diluted (in dollars per share) 6.81 5.68 9.72 9.55
Dividends declared (in dollars per share) 1.05 0.90 2.10 1.66
Dividends paid (in dollars per share) $ 1.05 $ 0.76 $ 2.10 $ 1.52
Average Shares Outstanding        
Basic (in shares) 306.2 312.8 306.8 313.1
Diluted (in shares) 308.1 315.2 308.8 315.6
Net Sales        
Net Sales and Revenues        
Net sales and revenues $ 12,034 $ 10,998 $ 20,565 $ 19,049
Costs and Expenses        
Costs and expenses 8,918 7,928 15,613 13,734
Finance and Interest Income        
Net Sales and Revenues        
Net sales and revenues 796 809 1,595 1,644
Other        
Net Sales and Revenues        
Net sales and revenues $ 540 $ 251 $ 779 $ 477