Notes Receivable from John Deere

6 Months Ended

May 03, 2020

Notes Receivable from John Deere

Notes Receivable from John Deere

(7)  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 seven years. Interest earned from John Deere was $3.6 million for the second quarter and $8.0 million in the first six months of 2020, compared with $4.0 million and $7.6 million for the same periods last year.

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

	May 3		November 3		April 28
	2020		2019		2019
Limited Liability Company John Deere Financial	$	102.6	$	148.3	$	128.4
Banco John Deere S.A.		192.0		143.4		95.6
Total Notes Receivable from John Deere	$	294.6	$	291.7	$	224.0