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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2023
May 01, 2022
Apr. 30, 2023
May 01, 2022
Revenues        
Finance income earned on retail notes $ 352.1 $ 251.9 $ 682.1 $ 500.8
Lease revenues 240.6 238.0 483.1 481.1
Revolving charge account income 91.9 65.9 174.8 132.4
Finance income earned on wholesale receivables 204.0 71.0 355.5 130.9
Other income 40.7 35.2 70.3 70.2
Total revenues 929.3 662.0 1,765.8 1,315.4
Expenses        
Interest expense 375.3 55.7 676.3 155.2
Operating expenses:        
Depreciation of equipment on operating leases 161.1 165.8 325.6 334.6
Administrative and operating expenses 140.0 128.2 276.7 244.6
Fees and interest paid to John Deere 58.1 99.6 115.7 139.3
Provision for credit losses 26.7 13.2 30.2 12.0
Total operating expenses 385.9 406.8 748.2 730.5
Total expenses 761.2 462.5 1,424.5 885.7
Income of consolidated group before income taxes 168.1 199.5 341.3 429.7
Provision for income taxes 39.0 43.9 75.8 93.8
Income of consolidated group 129.1 155.6 265.5 335.9
Equity in income of unconsolidated affiliate 0.8 1.1 1.8 3.0
Net income 129.9 156.7 267.3 338.9
Less: Net loss attributable to noncontrolling interests (0.1) (0.1) (0.3) (0.1)
Net income attributable to the Company $ 130.0 $ 156.8 $ 267.6 $ 339.0