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v3.24.1.1.u2

SEGMENT DATA | 6 Months Ended
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Apr. 28, 2024
SEGMENT DATA |
SEGMENT DATA | (7) Segment DATA 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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