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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2022
Aug. 01, 2021
Jul. 31, 2022
Aug. 01, 2021
Revenues        
Finance income earned on retail notes $ 256.9 $ 234.4 $ 739.7 $ 705.9
Lease revenues 237.7 255.7 715.7 775.5
Revolving charge account income 77.4 77.3 209.8 216.1
Finance income earned on wholesale receivables 89.9 77.5 220.8 231.1
Other income 27.3 38.0 97.5 86.6
Total revenues 689.2 682.9 1,983.5 2,015.2
Expenses        
Interest expense 137.4 114.1 292.6 373.1
Operating expenses:        
Depreciation of equipment on operating leases 166.2 180.1 500.8 559.5
Administrative and operating expenses 106.7 105.5 318.3 304.3
Fees paid to John Deere 36.5 40.8 175.8 111.7
Provision (credit) for credit losses 9.2 15.7 21.2 (0.5)
Total operating expenses 318.6 342.1 1,016.1 975.0
Total expenses 456.0 456.2 1,308.7 1,348.1
Income of consolidated group before income taxes 233.2 226.7 674.8 667.1
Provision for income taxes 61.3 41.5 157.8 139.5
Income of consolidated group 171.9 185.2 517.0 527.6
Equity in income of unconsolidated affiliate 0.6 0.7 3.6 2.2
Net income 172.5 185.9 520.6 529.8
Less: Net income (loss) attributable to noncontrolling interests   0.2 (0.1) 0.2
Net income attributable to the Company $ 172.5 $ 185.7 $ 520.7 $ 529.6