Notes Receivable from John Deere

9 Months Ended

Aug. 01, 2021

Notes Receivable from John Deere

Notes Receivable from John Deere

(7)  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 $3.8 million for the third quarter and $10.3 in the first nine months of 2021, compared with $4.4 million and $12.4 million for the same periods last year, respectively.

The Company had notes receivable from John Deere with the following affiliated companies as follows (in millions of dollars):

	August 1		November 1		August 2
	2021		2020		2020
Limited Liability Company John Deere Financial	$	198.6	$	132.5	$	125.6
Banco John Deere S.A.		167.4		217.5		241.2
Total Notes Receivable from John Deere	$	366.0	$	350.0	$	366.8