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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Revenues    
Finance income earned on retail notes $ 315.9 $ 240.0
Lease revenues 240.7 241.5
Revolving charge account income 82.9 66.5
Finance income earned on wholesale receivables 151.5 59.9
Other income 29.6 35.0
Total revenues 820.6 642.9
Expenses    
Interest expense 301.0 99.5
Operating expenses:    
Depreciation of equipment on operating leases 164.5 168.8
Administrative and operating expenses 108.5 96.4
Fees and interest paid to John Deere 57.6 39.7
Provision (credit) for credit losses 3.5 (1.2)
Total operating expenses 334.1 303.7
Total expenses 635.1 403.2
Income of consolidated group before income taxes 185.5 239.7
Provision for income taxes 39.6 52.0
Income of consolidated group 145.9 187.7
Equity in income of unconsolidated affiliate 1.0 1.9
Net income 146.9 189.6
Less: Net loss attributable to noncontrolling interests (0.2)  
Net income attributable to the Company $ 147.1 $ 189.6