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SEGMENT DATA (Tables)

3 Months Ended

Jan. 28, 2024

SEGMENT DATA

Schedule of Segment Reporting Information

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	​

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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