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Statement of Consolidated Income - USD ($)
$ in Millions
12 Months Ended
Nov. 03, 2019
Oct. 28, 2018
Oct. 29, 2017
Revenues      
Finance income earned on retail notes $ 919.3 $ 765.9 $ 693.6
Revolving charge account income 346.2 330.3 297.2
Finance income earned on wholesale receivables 535.4 447.0 363.8
Lease revenues 1,009.8 910.2 812.9
Other income 79.6 78.8 59.5
Total revenues 2,890.3 2,532.2 2,227.0
Expenses      
Interest expense 987.8 737.2 521.1
Operating expenses:      
Administrative and operating expenses 533.0 402.1 422.5
Fees paid to John Deere 67.5 79.0 66.3
Provision for credit losses 45.4 47.2 70.3
Depreciation of equipment on operating leases 743.6 686.8 648.0
Total operating expenses 1,389.5 1,215.1 1,207.1
Total expenses 2,377.3 1,952.3 1,728.2
Income of consolidated group before income taxes 513.0 579.9 498.8
Provision (credit) for income taxes 95.5 (217.2) 171.5
Income of consolidated group 417.5 797.1 327.3
Equity in income of unconsolidated affiliate 1.8 1.9 1.2
Net income 419.3 799.0 328.5
Less: Net income (loss) attributable to noncontrolling interests 0.1 (0.2) 0.1
Net income attributable to the Company $ 419.2 $ 799.2 $ 328.4