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LEASES - LESSOR

3 Months Ended

Jan. 28, 2024

LEASES - LESSOR

LEASES - LESSOR

(15)  Leases - Lessor

We lease equipment manufactured or sold by us through John Deere Financial. Sales-type and direct financing leases are reported in “Financing receivables – net.” Operating leases are reported in “Equipment on operating leases – net.”

Lease revenues earned by us follow:

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	January 28		​	January 29		​
​	​	2024		​	2023		​
Sales-type and direct finance lease revenues	​	$	47	​	$	41	​
Operating lease revenues	​	​	339	​	​	321	​
Variable lease revenues	​	​	4	​	​	6	​
Total lease revenues	​	$	390	​	$	368	​

​

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The entire disclosure for lessor leases.

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