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Statements of Consolidated Income - USD ($)
$ in Millions
12 Months Ended
Oct. 29, 2023
Oct. 30, 2022
Oct. 31, 2021
Revenues      
Finance income earned on retail notes $ 1,494.7 $ 1,064.5 $ 976.0
Lease revenues 997.3 963.7 1,028.3
Revolving charge account income 417.4 300.2 298.1
Finance income earned on wholesale receivables 889.8 342.5 299.8
Other income 176.3 135.7 121.5
Total revenues 3,975.5 2,806.6 2,723.7
Expenses      
Interest expense 1,671.5 497.3 472.9
Operating expenses:      
Depreciation of equipment on operating leases 659.7 667.7 733.4
Administrative and operating expenses 569.4 501.6 471.8
Provision (credit) for credit losses 88.5 23.5 (0.9)
Total operating expenses 1,570.2 1,414.9 1,372.6
Total expenses 3,241.7 1,912.2 1,845.5
Income of Consolidated Group before Income Taxes 733.8 894.4 878.2
Provision for income taxes 165.9 205.6 193.8
Income of Consolidated Group 567.9 688.8 684.4
Equity in income of unconsolidated affiliate 3.9 4.5 3.0
Net Income 571.8 693.3 687.4
Less: Net income (loss) attributable to noncontrolling interests (0.5) (0.3) 0.2
Net Income Attributable to the Company 572.3 693.6 687.2
Related Party      
Expenses      
Interest expense 199.9 86.8 53.0
Operating expenses:      
Fees and interest paid to John Deere $ 252.6 $ 222.1 $ 168.3