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Statements of Consolidated Income (USD $)
In Millions
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Revenues        
Finance income earned on retail notes $ 174.2 $ 168.9 $ 520.7 $ 518.6
Lease revenues 75.2 73.5 220.8 214.0
Revolving charge account income 71.2 70.0 190.7 195.9
Finance income earned on wholesale receivables 74.5 67.3 217.7 189.0
Operating loan income 1.5 2.1 6.4 8.0
Crop insurance commissions   38.5   74.6
Other income - net 17.4 25.3 51.3 72.1
Total revenues 414.0 445.6 1,207.6 1,272.2
Expenses        
Interest expense 111.2 123.7 364.1 413.6
Operating expenses:        
Administrative and operating expenses 86.6 107.7 241.9 293.2
Provision for credit losses 1.4 21.3 8.2 65.6
Fees paid to John Deere 11.6 8.6 32.2 25.9
Depreciation of equipment on operating leases 48.0 47.0 142.3 137.4
Total operating expenses 147.6 184.6 424.6 522.1
Total expenses 258.8 308.3 788.7 935.7
Income of consolidated group before income taxes 155.2 137.3 418.9 336.5
Provision for income taxes 54.9 48.0 149.6 114.4
Income of consolidated group 100.3 89.3 269.3 222.1
Equity in income of unconsolidated affiliates 0.2 0.1 0.8 0.6
Net income 100.5 89.4 270.1 222.7
Less: Net income attributable to noncontrolling interests   0    
Net income attributable to the Company $ 100.5 $ 89.4 $ 270.1 $ 222.7