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Statements of Consolidated Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Apr. 28, 2024
Apr. 30, 2023
Revenues        
Finance income earned on retail notes $ 463.8 $ 352.1 $ 916.1 $ 682.1
Lease revenues 265.4 240.6 530.2 483.1
Revolving charge account income 117.5 91.9 222.7 174.8
Finance income earned on wholesale receivables 309.7 204.0 580.8 355.5
Other income 43.1 40.7 110.2 70.3
Total revenues 1,199.5 929.3 2,360.0 1,765.8
Expenses        
Interest expense 605.8 375.3 1,177.2 676.3
Operating expenses:        
Depreciation of equipment on operating leases 166.7 161.1 333.9 325.6
Administrative and operating expenses 132.3 140.0 264.5 276.7
Provision for credit losses 79.3 26.7 100.3 30.2
Total operating expenses 433.7 385.9 811.2 748.2
Total expenses 1,039.5 761.2 1,988.4 1,424.5
Income of Consolidated Group before Income Taxes 160.0 168.1 371.6 341.3
Provision for income taxes 34.9 39.0 73.8 75.8
Income of Consolidated Group 125.1 129.1 297.8 265.5
Equity in income of unconsolidated affiliate 1.5 0.8 2.8 1.8
Net Income 126.6 129.9 300.6 267.3
Less: Net income (loss) attributable to noncontrolling interests 0.1 (0.1) (0.4) (0.3)
Net Income Attributable to the Company 126.5 130.0 301.0 267.6
Related Party        
Expenses        
Interest expense 41.5 45.8 85.3 85.7
Operating expenses:        
Fees and interest paid to John Deere $ 55.4 $ 58.1 $ 112.5 $ 115.7