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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Jan. 31, 2021
Feb. 02, 2020
Revenues    
Finance income earned on retail notes $ 237.3 $ 234.8
Revolving charge account income 72.9 80.7
Finance income earned on wholesale receivables 73.3 110.3
Lease revenues 263.6 274.9
Other income 9.9 17.9
Total revenues 657.0 718.6
Expenses    
Interest expense 134.0 219.8
Operating expenses:    
Administrative and operating expenses 92.5 123.5
Fees paid to John Deere 31.5 24.9
Provision (credit) for credit losses (0.6) 12.1
Depreciation of equipment on operating leases 194.8 213.5
Total operating expenses 318.2 374.0
Total expenses 452.2 593.8
Income of consolidated group before income taxes 204.8 124.8
Provision for income taxes 39.0 26.1
Income of consolidated group 165.8 98.7
Equity in income of unconsolidated affiliate 0.9 0.7
Net income 166.7 99.4
Less: Net income attributable to noncontrolling interests   0.2
Net income attributable to the Company $ 166.7 $ 99.2