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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 01, 2022
May 02, 2021
May 01, 2022
May 02, 2021
Revenues        
Finance income earned on retail notes $ 242.8 $ 234.2 $ 482.8 $ 471.5
Lease revenues 236.5 256.2 478.0 519.8
Revolving charge account income 65.9 65.9 132.4 138.8
Finance income earned on wholesale receivables 71.0 80.3 130.9 153.6
Other income 35.2 38.7 70.2 48.6
Total revenues 651.4 675.3 1,294.3 1,332.3
Expenses        
Interest expense 55.7 125.0 155.2 259.0
Operating expenses:        
Depreciation of equipment on operating leases 165.8 184.6 334.6 379.4
Administrative and operating expenses 115.2 106.3 211.6 198.8
Fees paid to John Deere 99.6 39.4 139.3 70.9
Provision (credit) for credit losses 13.2 (15.6) 12.0 (16.2)
Total operating expenses 393.8 314.7 697.5 632.9
Total expenses 449.5 439.7 852.7 891.9
Income of consolidated group before income taxes 201.9 235.6 441.6 440.4
Provision for income taxes 44.5 59.0 96.5 98.0
Income of consolidated group 157.4 176.6 345.1 342.4
Equity in income of unconsolidated affiliate 1.1 0.6 3.0 1.5
Net income 158.5 177.2 348.1 343.9
Less: Net loss attributable to noncontrolling interests (0.1)   (0.1)  
Net income attributable to the Company $ 158.6 $ 177.2 $ 348.2 $ 343.9