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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Jul. 30, 2023
Jul. 31, 2022
Revenues        
Finance income earned on retail notes $ 387.4 $ 267.1 $ 1,069.5 $ 767.9
Lease revenues 250.1 239.2 733.2 720.3
Revolving charge account income 114.9 77.4 289.7 209.8
Finance income earned on wholesale receivables 255.3 89.9 610.8 220.8
Other income 49.9 27.3 120.2 97.5
Total revenues 1,057.6 700.9 2,823.4 2,016.3
Expenses        
Interest expense 445.3 137.4 1,121.6 292.6
Operating expenses:        
Depreciation of equipment on operating leases 165.8 166.2 491.4 500.8
Administrative and operating expenses 142.6 121.1 419.3 365.7
Provision for credit losses 22.4 9.2 52.6 21.2
Total operating expenses 398.7 333.0 1,146.9 1,063.5
Total expenses 844.0 470.4 2,268.5 1,356.1
Income of Consolidated Group before Income Taxes 213.6 230.5 554.9 660.2
Provision for income taxes 56.5 60.6 132.3 154.4
Income of Consolidated Group 157.1 169.9 422.6 505.8
Equity in income of unconsolidated affiliate 0.5 0.6 2.3 3.6
Net Income 157.6 170.5 424.9 509.4
Less: Net loss attributable to noncontrolling interests (0.1)   (0.4) (0.1)
Net Income Attributable to the Company 157.7 170.5 425.3 509.5
Related Party        
Expenses        
Interest expense 60.1 23.7 145.8 57.6
Operating expenses:        
Fees and interest paid to John Deere $ 67.9 $ 36.5 $ 183.6 $ 175.8