Unconsolidated Affiliated Company

12 Months Ended

Oct. 28, 2018

Note 25. Unconsolidated Affiliated Company

The Company’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 Company 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 for the years ended October 28, 2018, October 29, 2017, and October 30, 2016 was as follows (in millions of dollars):


	2018		2017		2016
Operations:
Total revenue	$	11.7	$	10.1	$	10.7
Net income		3.9		2.3		3.2
The Company’s equity in net income		1.9		1.2		1.6


	2018		2017
Financial Position:
Total assets	$	235.6	$	212.2
Total external borrowings		197.6		176.8
Total net assets		30.3		27.6
The Company’s share of net assets		15.2		13.8