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Statement of Consolidated Income - USD ($)
$ in Millions
12 Months Ended
Nov. 01, 2020
Nov. 03, 2019
Oct. 28, 2018
Revenues      
Finance income earned on retail notes $ 941.4 $ 919.3 $ 765.9
Revolving charge account income 333.8 346.2 330.3
Finance income earned on wholesale receivables 385.0 535.4 447.0
Lease revenues 1,088.9 1,009.8 910.2
Other income 58.5 79.6 78.8
Total revenues 2,807.6 2,890.3 2,532.2
Expenses      
Interest expense 743.9 987.8 737.2
Operating expenses:      
Administrative and operating expenses 470.6 533.0 402.1
Fees paid to John Deere 101.6 67.5 79.0
Provision for credit losses 89.4 45.4 47.2
Depreciation of equipment on operating leases 845.1 743.6 686.8
Total operating expenses 1,506.7 1,389.5 1,215.1
Total expenses 2,250.6 2,377.3 1,952.3
Income of consolidated group before income taxes 557.0 513.0 579.9
Provision (credit) for income taxes 134.1 95.5 (217.2)
Income of consolidated group 422.9 417.5 797.1
Equity in income of unconsolidated affiliate 2.2 1.8 1.9
Net income 425.1 419.3 799.0
Less: Net income (loss) attributable to noncontrolling interests 0.1 0.1 (0.2)
Net income attributable to the Company $ 425.0 $ 419.2 $ 799.2