EARNINGS PER SHARE

9 Months Ended

Jul. 31, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

(6)A reconciliation of basic and diluted net income attributable to Deere & Company per share in millions, except per share amounts, follows:

	Three Months Ended July 31		Nine Months Ended July 31
	2011	2010	2011	2010
Net income attributable to Deere & Company	$    712.3	$    617.0	$ 2,130.3	$ 1,407.7
Less income allocable to participating securities	.3	.2	.8	.5
Income allocable to common stock	$    712.0	$    616.8	$ 2,129.5	$ 1,407.2
Average shares outstanding	417.4	424.5	419.9	424.1
Basic per share	$      1.71	$      1.45	$      5.07	$      3.32
Average shares outstanding	417.4	424.5	419.9	424.1
Effect of dilutive share-based compensation	4.6	4.5	5.3	4.3
Total potential shares outstanding	422.0	429.0	425.2	428.4
Diluted per share	$      1.69	$      1.44	$      5.01	$      3.28

During the third quarter of 2011, 3.9 million shares related to share-based compensation were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.  During the first nine months of 2011, no shares were excluded.  During both periods of 2010, 1.9 million shares were excluded.