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SEGMENT DATA (Tables) | 6 Months Ended
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Apr. 28, 2024
SEGMENT DATA |
Schedule of Segment Reporting Information | Information relating to operations by operating segment follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended |
| ​ | April 28 | ​ | April 30 | ​ | % | ​ | April 28 | ​ | April 30 | ​ | % |
​ | ​ | 2024 | ​ | 2023 | ​ | Change | ​ | 2024 | ​ | 2023 | ​ | Change |
Net sales and revenues: |  | ​ |  |  | ​ |  |  |  |  | ​ | ​ |  | ​ |  |  |  | ​
Production & precision ag net sales |  | $ | 6,581 | ​ | $ | 7,822 | ​ | -16 |  | $ | 11,430 | ​ | $ | 13,021 | ​ | -12 | ​
Small ag & turf net sales | ​ | ​ | 3,185 | ​ | ​ | 4,145 | ​ | -23 | ​ | ​ | 5,610 | ​ | ​ | 7,146 | ​ | -21 | ​
Construction & forestry net sales | ​ | ​ | 3,844 | ​ |  | 4,112 | ​ | -7 | ​ | ​ | 7,057 | ​ |  | 7,314 | ​ | -4 | ​
Financial services revenues | ​ | ​ | 1,395 | ​ |  | 1,107 | ​ | +26 | ​ | ​ | 2,770 | ​ |  | 2,147 | ​ | +29 | ​
Other revenues | ​ | ​ | 230 | ​ |  | 201 | ​ | +14 | ​ | ​ | 553 | ​ |  | 410 | ​ | +35 | ​
Total net sales and revenues |  | $ | 15,235 | ​ | $ | 17,387 | ​ | -12 |  | $ | 27,420 | ​ | $ | 30,038 | ​ | -9 | ​
Operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag |  | $ | 1,650 | ​ | $ | 2,170 | ​ | -24 |  | $ | 2,695 | ​ | $ | 3,378 | ​ | -20 | ​
Small ag & turf | ​ | ​ | 571 | ​ | ​ | 849 | ​ | -33 | ​ | ​ | 897 | ​ | ​ | 1,296 | ​ | -31 | ​
Construction & forestry | ​ | ​ | 668 | ​ |  | 838 | ​ | -20 | ​ | ​ | 1,234 | ​ |  | 1,463 | ​ | -16 | ​
Financial services | ​ | ​ | 209 | ​ |  | 41 | ​ | +410 | ​ | ​ | 466 | ​ |  | 279 | ​ | +67 | ​
Total operating profit | ​ | ​ | 3,098 | ​ |  | 3,898 | ​ | -21 | ​ | ​ | 5,292 | ​ |  | 6,416 | ​ | -18 | ​
Reconciling items | ​ | ​ | 23 | ​ |  | (47) | ​ | ​ | ​ | ​ | 49 | ​ |  | (69) | ​ | ​ | ​
Income taxes | ​ | ​ | (751) | ​ |  | (991) | ​ | -24 | ​ | ​ | (1,220) | ​ |  | (1,528) | ​ | -20 | ​
Net income attributable to Deere & Company |  | $ | 2,370 | ​ | $ | 2,860 | ​ | -17 |  | $ | 4,121 | ​ | $ | 4,819 | ​ | -14 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intersegment sales and revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Production & precision ag net sales |  | $ | 7 | ​ | $ | 8 | ​ | -13 |  | $ | 14 | ​ | $ | 12 | ​ | +17 | ​
Small ag & turf net sales | ​ | ​ | 1 | ​ | ​ | 4 | ​ | -75 | ​ | ​ | 2 | ​ | ​ | 7 | ​ | -71 | ​
Construction & forestry net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Financial services revenues | ​ | ​ | 193 | ​ |  | 190 | ​ | +2 | ​ | ​ | 370 | ​ |  | 395 | ​ | -6 | ​
​ 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:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 28 |  | October 29 | ​ | April 30 |
​ | ​ | 2024 | ​ | 2023 | ​ | 2023 |
Production & precision ag |  | $ | 9,026 | ​ | $ | 8,734 | ​ | $ | 9,504 | ​
Small ag & turf | ​ | ​ | 4,421 | ​ | ​ | 4,348 | ​ | ​ | 4,743 | ​
Construction & forestry | ​ | ​ | 7,337 | ​ |  | 7,139 | ​ |  | 7,299 | ​
Financial services | ​ | ​ | 73,834 | ​ |  | 70,732 | ​ |  | 65,233 | ​
Corporate | ​ | ​ | 11,010 | ​ |  | 13,134 | ​ |  | 11,568 | ​
Total assets |  | $ | 105,628 | ​ | $ | 104,087 | ​ | $ | 98,347 | ​

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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