FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 31, 2012

FAIR VALUE MEASUREMENTS

Fair Value Of Financial Instruments

	July 31, 2012				October 31, 2011				July 31, 2011
	Carrying Value		Fair Value *		Carrying Value		Fair Value		Carrying Value		Fair Value
Receivables financed – net	$	21,339	$	21,328	$	19,047	$	19,034	$	19,331	$	19,330
Retail notes securitized – net	3,164		3,165		2,905		2,907		2,481		2,486
Securitization borrowings	3,028		3,038		2,777		2,789		2,381		2,394
Current maturities of long-term borrowings	3,632		3,667		4,653		4,704		4,319		4,371
Long-term borrowings	13,772		14,058		11,390		11,751		10,274		10,641

*      Fair value measurements above were Level 3 for all Receivables and Level 2 for all borrowings.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

	July 31,		October 31,		July 31,
	2012		2011		2011
Receivable from John Deere
Derivatives:
Interest rate contracts	$	374.7	$	168.4	$	73.8
Cross-currency interest rate contracts	14.6		.9		.1
Other assets
Derivatives:
Interest rate contracts	246.9		268.6		279.4
Foreign exchange contracts	3.6				.4
Cross-currency interest rate contracts	.8		1.6		1.0
Total assets *	$	640.6	$	439.5	$	354.7
Other payables to John Deere
Derivatives:
Interest rate contracts	$	18.5	$	19.6	$	2.6
Cross-currency interest rate contracts	3.8		1.4		2.1
Accounts payable and accrued expenses
Derivatives:
Interest rate contracts	45.9		37.0		5.3
Foreign exchange contracts	15.9		47.6		23.2
Cross-currency interest rate contracts	83.2		5.7		8.6
Total liabilities	$	167.3	$	111.3	$	41.8

*Excluded from this table are the Company’s cash and cash equivalents, which are carried at cost that approximates fair value. The cash and cash equivalents consist primarily of money market funds.

Assets Measured at Fair Value on a Nonrecurring Basis

	Fair Value *						Losses
							Nine Months Ended
	July 31,		October 31,		July 31,		July 31,
	2012		2011		2011		2012		2011
Receivables:
Retail notes	$	.8	$	.3	$	.7	$	.3	$	.1
Wholesale receivables			4.3				.5
Financing leases					.7				.3
Operating loans			.2		.6
Total Receivables	$	.8	$	4.8	$	2.0	$	.8	$	.4

*Does not include cost to sell.