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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Jan. 30, 2022
Jan. 31, 2021
Revenues    
Finance income earned on retail notes $ 240.0 $ 237.3
Lease revenues 241.5 263.6
Revolving charge account income 66.5 72.9
Finance income earned on wholesale receivables 59.9 73.3
Other income 35.0 9.9
Total revenues 642.9 657.0
Expenses    
Interest expense 99.5 134.0
Operating expenses:    
Depreciation of equipment on operating leases 168.8 194.8
Administrative and operating expenses 96.4 92.5
Fees paid to John Deere 39.7 31.5
Provision (credit) for credit losses (1.2) (0.6)
Total operating expenses 303.7 318.2
Total expenses 403.2 452.2
Income of consolidated group before income taxes 239.7 204.8
Provision for income taxes 52.0 39.0
Income of consolidated group 187.7 165.8
Equity in income of unconsolidated affiliate 1.9 0.9
Net income 189.6 166.7
Net income attributable to the Company $ 189.6 $ 166.7