Notes Receivable from John Deere

12 Months Ended

Oct. 31, 2011

Notes Receivable from John Deere

Notes Receivable from John Deere

Note 8. Notes Receivable from John Deere

The Company made loans to John Deere Renewables, LLC, an affiliated company that had investments in wind energy projects. In December 2010, John Deere sold its wind energy business and, as a result, John Deere Renewables, LLC repaid all outstanding loans to the Company. Notes receivable from John Deere related to wind energy loans at October 31, 2010 were $576 million. The Company received interest from John Deere at competitive market interest rates. During 2011, 2010 and 2009, the interest earned from John Deere was $4 million, $43 million and $41 million, respectively.