Notes Receivable from John Deere

12 Months Ended

Nov. 01, 2020

Notes Receivable from John Deere

Notes Receivable from John Deere

Note 8. 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 $16.6 million, $17.4 million, and $11.1 million in 2020, 2019, and 2018, respectively.

The Company had notes receivable from John Deere at November 1, 2020 and November 3, 2019 with the following affiliated companies as follows (in millions of dollars):

	2020		2019
Limited Liability Company John Deere Financial	$	132.5	$	148.3
Banco John Deere S.A.		217.5		143.4
Total Notes Receivable from John Deere	$	350.0	$	291.7