Capital Investments and Dividends

12 Months Ended

Oct. 29, 2023

Capital Investments and Dividends

Capital Investments and Dividends

Note 11. Capital Investments and Dividends

The following capital investments were received from JDFS and cash dividends were declared and paid to JDFS during 2023, 2022, and 2021:

	2023		2022		2021
Capital investments	$	810.0
Dividends		165.0	$	370.0	$	485.0

In each case, JDFS either received a comparable capital investment or paid a comparable dividend to Deere & Company. The capital investments during 2023 were made to maintain targeted average leverage ratios and were driven by growth in total Receivables and corresponding borrowings.