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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 02, 2021
May 03, 2020
May 02, 2021
May 03, 2020
Revenues        
Finance income earned on retail notes $ 234.2 $ 231.7 $ 471.5 $ 466.5
Revolving charge account income 65.9 74.2 138.8 154.9
Finance income earned on wholesale receivables 80.3 110.4 153.6 220.7
Lease revenues 256.2 272.6 519.8 547.5
Other income 38.7 11.2 48.6 29.1
Total revenues 675.3 700.1 1,332.3 1,418.7
Expenses        
Interest expense 125.0 216.6 259.0 436.4
Operating expenses:        
Administrative and operating expenses 106.3 142.4 198.8 265.9
Fees paid to John Deere 39.4 23.3 70.9 48.2
Provision (credit) for credit losses (15.6) 72.7 (16.2) 84.8
Depreciation of equipment on operating leases 184.6 214.3 379.4 427.8
Total operating expenses 314.7 452.7 632.9 826.7
Total expenses 439.7 669.3 891.9 1,263.1
Income of consolidated group before income taxes 235.6 30.8 440.4 155.6
Provision for income taxes 59.0 5.4 98.0 31.5
Income of consolidated group 176.6 25.4 342.4 124.1
Equity in income of unconsolidated affiliate 0.6 0.4 1.5 1.1
Net income 177.2 25.8 343.9 125.2
Less: Net income (loss) attributable to noncontrolling interests   (0.1)   0.1
Net income attributable to the Company $ 177.2 $ 25.9 $ 343.9 $ 125.1