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LEASES - LESSOR

3 Months Ended

Jan. 29, 2023

(15) Leases - Lessor

The Company leases equipment manufactured or sold by the Company and a limited amount of non-John Deere equipment to retail customers through sales-type, direct financing, and operating leases. Sales-type and direct financing leases are reported in Financing receivables – net on the consolidated balance sheets, while operating leases are reported in Equipment on operating leases – net.

Lease revenues earned by the Company were as follows in millions of dollars:


	Three Months Ended
	January 29, 2023		January 30, 2022
Sales-type and direct finance lease revenues	$	41	$	39
Operating lease revenues		321		336
Variable lease revenues		6		7
Total lease revenues	$	368	$	382