Our investment in an unconsolidated affiliated company consists of a 50 percent ownership in John Deere Financial S.A.S., a joint venture in France that primarily offers loans and leases to customers. We do not control the joint venture and account for our investment in the joint venture on the equity basis. Our share of the income or loss of this joint venture is reported in “Equity in income of unconsolidated affiliate,” and the investment is reported in “Investment in unconsolidated affiliate.”

Summarized financial information of the unconsolidated affiliated company for the relevant fiscal years was as follows:


	2023		2022		2021
Operations:
Total revenue	$	25.5	$	17.7	$	16.6
Net income		7.8		9.0		5.9
The Company’s equity in net income		3.9		4.5		3.0


	2023		2022
Financial Position:
Total assets	$	606.5	$	496.3
Total external borrowings		541.3		449.3
Total net assets		55.2		45.2
The Company’s share of net assets		27.6		22.6