XML 52 R30.htm IDEA: XBRL DOCUMENT

Unconsolidated Affiliated Company

12 Months Ended

Oct. 31, 2012

Note 24. Unconsolidated Affiliated Company

The Capital Corporation’s investment in an unconsolidated affiliated company consists of a 50% ownership in John Deere Financial S.A.S., a joint venture in France that primarily offers lease financing to customers. The Capital Corporation does not control the joint venture and accounts for its investment in the joint venture on the equity basis. The Company’s share of the income or loss of this joint venture is reported in the consolidated income statement under “Equity in income of unconsolidated affiliate.” The investment in this joint venture is reported in the consolidated balance sheet under “Investment in unconsolidated affiliate.”

Summarized financial information of the unconsolidated affiliated company was as follows (in millions of dollars):

	Year Ended October 31,
	2012		2011		2010
Operations:
Finance income	$	11.2	$	9.9	$	9.5
Net income	2.8		2.3		1.7
The Company’s equity in net income	1.4		1.2		.9

	October 31,
	2012		2011
Financial Position:
Total assets	$	137.2	$	115.6
Total external borrowings	110.7		95.8
Total net assets	17.4		16.3
The Company’s share of net assets	8.7		8.1

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details