Notes Receivable from John Deere

6 Months Ended

Apr. 29, 2018

Notes Receivable from John Deere

Notes Receivable from John Deere

(6)  Notes receivable from John Deere:

The Company makes loans to affiliated companies. The Company receives interest from John Deere at competitive market interest rates. The lending agreements range in maturity up to five years. Interest earned from John Deere was $2.3 million in the second quarter of 2018 and $5.1 million for the first six months of 2018, compared with none for the same periods in 2017.

The Company had notes receivable from John Deere with the following affiliated companies as follows (in millions of dollars):

	April 29		October 29		April 30
	2018		2017		2017
Limited Liability Company John Deere Financial	$	98.6	$	102.2
Banco John Deere S.A.		52.7		54.5
Total Notes Receivable from John Deere	$	151.3	$	156.7