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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 02, 2020
Jul. 28, 2019
Aug. 02, 2020
Jul. 28, 2019
Revenues        
Finance income earned on retail notes $ 234.9 $ 241.5 $ 701.4 $ 665.0
Revolving charge account income 87.8 94.3 242.7 243.0
Finance income earned on wholesale receivables 84.6 141.9 305.3 400.9
Lease revenues 270.3 256.7 817.8 741.6
Other income 18.4 7.4 47.5 55.1
Total revenues 696.0 741.8 2,114.7 2,105.6
Expenses        
Interest expense 161.3 256.2 597.7 734.7
Operating expenses:        
Administrative and operating expenses 92.0 102.6 357.9 313.3
Fees paid to John Deere 24.8 15.2 73.0 42.0
Provision for credit losses 16.0 23.4 100.8 50.3
Depreciation of equipment on operating leases 211.8 188.0 639.6 544.3
Total operating expenses 344.6 329.2 1,171.3 949.9
Total expenses 505.9 585.4 1,769.0 1,684.6
Income of consolidated group before income taxes 190.1 156.4 345.7 421.0
Provision for income taxes 44.4 11.8 75.9 71.4
Income of consolidated group 145.7 144.6 269.8 349.6
Equity in income of unconsolidated affiliate 0.5 0.4 1.6 1.4
Net income 146.2 145.0 271.4 351.0
Less: Net income attributable to noncontrolling interests   0.2 0.1 0.2
Net income attributable to the Company $ 146.2 $ 144.8 $ 271.3 $ 350.8