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SEGMENT DATA | 3 Months Ended
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Jan. 28, 2024
SEGMENT DATA |
SEGMENT DATA | (7) Segment Data Information relating to operations by operating segment follows.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |
| ​ | January 28 | ​ | January 29 | ​ | % |
​ |  | 2024 |  | 2023 |  | Change |
Net sales and revenues: |  | ​ |  |  | ​ |  |  |  | ​
Production & precision ag net sales |  | $ | 4,849 | ​ | $ | 5,198 | ​ | -7 | ​
Small ag & turf net sales | ​ | ​ | 2,425 | ​ | ​ | 3,001 | ​ | -19 | ​
Construction & forestry net sales | ​ | ​ | 3,212 | ​ |  | 3,203 | ​ | ​ | ​
Financial services revenues | ​ | ​ | 1,376 | ​ |  | 1,040 | ​ | +32 | ​
Other revenues | ​ | ​ | 323 | ​ |  | 210 | ​ | +54 | ​
Total net sales and revenues |  | $ | 12,185 | ​ | $ | 12,652 | ​ | -4 | ​
Operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag |  | $ | 1,045 | ​ | $ | 1,208 | ​ | -13 | ​
Small ag & turf | ​ | ​ | 326 | ​ | ​ | 447 | ​ | -27 | ​
Construction & forestry | ​ | ​ | 566 | ​ |  | 625 | ​ | -9 | ​
Financial services | ​ | ​ | 257 | ​ |  | 238 | ​ | +8 | ​
Total operating profit | ​ | ​ | 2,194 | ​ |  | 2,518 | ​ | -13 | ​
Reconciling items | ​ | ​ | 26 | ​ |  | (22) | ​ | ​ | ​
Income taxes | ​ | ​ | (469) | ​ |  | (537) | ​ | -13 | ​
Net income attributable to Deere & Company |  | $ | 1,751 | ​ | $ | 1,959 | ​ | -11 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intersegment sales and revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag net sales |  | $ | 8 | ​ | $ | 5 | ​ | +60 | ​
Small ag & turf net sales | ​ | ​ | 1 | ​ | ​ | 3 | ​ | -67 | ​
Construction & forestry net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial services revenues | ​ | ​ | 176 | ​ |  | 204 | ​ | -14 | ​
Operating profit for PPA, SAT, and CF is income from continuing operations before corporate expenses, certain external interest expenses, certain foreign exchange gains and losses, and income taxes. Operating profit of financial services includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain interest income and expenses, certain foreign exchange gains and losses, pension and OPEB benefit (cost) amounts excluding the service cost component, equity in income of unconsolidated affiliates, and net income attributable to noncontrolling interests.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Identifiable operating assets were as follows: |  | ​ |  | ​ |  | ​ |
​ | ​ | January 28 |  | October 29 |  | January 29 |
​ | ​ | 2024 | ​ | 2023 | ​ | 2023 | ​
Production & precision ag |  | $ | 9,059 | ​ | $ | 8,734 | ​ | $ | 9,393 | ​
Small ag & turf | ​ | ​ | 4,426 | ​ | ​ | 4,348 | ​ | ​ | 4,893 | ​
Construction & forestry | ​ | ​ | 7,371 | ​ |  | 7,139 | ​ |  | 7,232 | ​
Financial services | ​ | ​ | 69,900 | ​ |  | 70,732 | ​ |  | 59,721 | ​
Corporate | ​ | ​ | 10,615 | ​ |  | 13,134 | ​ |  | 10,381 | ​
Total assets |  | $ | 101,371 | ​ | $ | 104,087 | ​ | $ | 91,620 | ​
​

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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