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LEASES - LESSOR

6 Months Ended

Apr. 27, 2025

(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				Six Months Ended
	April 27		April 28		April 27		April 28
	2025		2024		2025		2024
Sales-type and direct finance lease revenues	$	44	$	45	$	90	$	91
Operating lease revenues		356		343		717		682
Variable lease revenues		5		4		10		9
Total lease revenues	$	405	$	392	$	817	$	782