SEGMENT DATA

6 Months Ended

Apr. 28, 2024

(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

- 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
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-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
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 32
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-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
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-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
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 280
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-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
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details