Notes Receivable from John Deere

9 Months Ended

Jul. 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 mature over the next six years. Interest earned from John Deere was $2.8 million in the third quarter and $8.0 million for the first nine months of 2018, compared with $.7 million in the third quarter and first nine months of 2017.

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

	July 29		October 29		July 30
	2018		2017		2017
Limited Liability Company John Deere Financial	$	115.9	$	102.2	$	67.8
Banco John Deere S.A.		75.9		54.5		62.4
Total Notes Receivable from John Deere	$	191.8	$	156.7	$	130.2