SUPPLEMENTAL CONSOLIDATING DATA (Tables)

3 Months Ended

Jan. 31, 2012

SUPPLEMENTAL CONSOLIDATING DATA

Supplemental Consolidating Data Statement of Income

STATEMENT OF INCOME
For the Three Months Ended January 31, 2012 and 2011

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*					FINANCIAL SERVICES
	2012			2011		2012		2011
Net Sales and Revenues
Net sales	$	6,119.0		$	5,513.8
Finance and interest income	15.7			15.5		$	511.7	$	498.0
Other income	118.5			113.8		88.6		57.1
Total	6,253.2			5,643.1		600.3		555.1
Costs and Expenses
Cost of sales	4,576.3			4,094.4
Research and development expenses	312.5			268.9
Selling, administrative and general expenses	609.9			571.3		101.5		96.5
Interest expense	49.4			51.8		154.2		163.3
Interest compensation to Financial Services	40.9			40.8
Other operating expenses	38.2			41.6		170.3		123.6
Total	5,627.2			5,068.8		426.0		383.4
Income of Consolidated Group before Income Taxes	626.0			574.3		174.3		171.7
Provision for income taxes	210.5			178.4		55.7		53.8
Income of Consolidated Group	415.5			395.9		118.6		117.9
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	119.1			118.2		.5		.3
Other	(.2		)	.2
Total	118.9			118.4		.5		.3
Net Income	534.4			514.3		119.1		118.2
Less: Net income attributable to noncontrolling interests	1.5			.6
Net Income Attributable to Deere & Company	$	532.9		$	513.7	$	119.1	$	118.2

*   Deere & Company with Financial Services on the equity basis.

Supplemental Consolidating Data Condensed Balance Sheet

CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS *									FINANCIAL SERVICES
	January 31 2012			October 31 2011			January 31 2011			January 31 2012		October 31 2011		January 31 2011
Assets
Cash and cash equivalents	$	2,356.6		$	3,187.5		$	2,923.0		$	1,031.7	$	459.7	$	515.0
Marketable securities	803.8			502.6						322.6		284.7		234.2
Receivables from unconsolidated subsidiaries and affiliates	1,135.8			1,713.4			1,654.3							.2
Trade accounts and notes receivable - net	847.0			1,093.9			771.0			3,187.5		2,807.2		3,066.5
Financing receivables - net	5.2			14.0			7.6			19,093.1		19,909.5		18,156.5
Financing receivables securitized - net										2,680.9		2,905.0		1,768.2
Other receivables	890.3			965.6			793.1			382.8		370.1		112.4
Equipment on operating leases - net										2,052.4		2,150.0		1,845.4
Inventories	5,677.7			4,370.6			4,178.4
Property and equipment - net	4,239.8			4,287.5			3,714.2			64.0		64.9		67.3
Investments in unconsolidated subsidiaries and affiliates	3,580.0			3,473.9			3,314.0			8.0		8.1		7.2
Goodwill	964.9			999.8			997.3
Other intangible assets - net	115.4			123.4			129.2			4.0		4.0		4.0
Retirement benefits	28.4			29.6			176.0			27.0		28.0		30.8
Deferred income taxes	3,083.9			3,052.8			2,771.1			73.6		91.2		106.7
Other assets	513.4			468.6			422.0			889.8		712.6		711.1
Total Assets	$	24,242.2		$	24,283.2		$	21,851.2		$	29,817.4	$	29,795.0	$	26,625.5
Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,454.9		$	528.5		$	426.0		$	7,051.5	$	6,323.8	$	5,267.3
Short-term securitization borrowings										2,613.8		2,777.4		1,764.8
Payables to unconsolidated subsidiaries and affiliates	113.5			117.7			276.9			1,087.2		1,665.5		1,610.6
Accounts payable and accrued expenses	6,030.0			6,869.3			5,360.5			1,516.1		1,547.8		1,171.1
Deferred income taxes	90.0			99.0			94.8			340.7		354.7		268.3
Long-term borrowings	3,133.5			3,167.1			3,314.8			13,790.5		13,792.8		13,391.1
Retirement benefits and other liabilities	6,641.1			6,686.7			5,791.5			55.6		52.6		46.4
Total liabilities	17,463.0			17,468.3			15,264.5			26,455.4		26,514.6		23,519.6
Commitments and contingencies (Note 14)
Common stock, $1 par value (issued shares at January 31, 2012 – 536,431,204)	3,276.8			3,251.7			3,154.6			1,591.0		1,570.6		1,521.6
Common stock in treasury	(7,656.6		)	(7,292.8		)	(6,003.2		)
Retained earnings	14,887.1			14,519.4			12,719.2			1,635.5		1,541.5		1,447.7
Accumulated other comprehensive income (loss)	(3,743.9		)	(3,678.0		)	(3,292.0		)	135.5		168.3		136.6
Total Deere & Company stockholders’ equity	6,763.4			6,800.3			6,578.6			3,362.0		3,280.4		3,105.9
Noncontrolling interests	15.8			14.6			8.1
Total stockholders’ equity	6,779.2			6,814.9			6,586.7			3,362.0		3,280.4		3,105.9
Total Liabilities and Stockholders’ Equity	$	24,242.2		$	24,283.2		$	21,851.2		$	29,817.4	$	29,795.0	$	26,625.5

* Deere & Company with Financial Services on the equity basis.

Supplemental Consolidating Data Statement of Cash Flows

STATEMENT OF CASH FLOWS

For the Three Months Ended January 31, 2012 and 2011

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2012			2011			2012			2011
Cash Flows from Operating Activities
Net income	$	534.4		$	514.3		$	119.1		$	118.2
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for doubtful receivables	(2.0		)	.1			1.2			7.7
Provision for depreciation and amortization	158.9			144.4			104.9			95.2
Undistributed earnings of unconsolidated subsidiaries and affiliates	(92.8		)	(28.3		)	(.5		)	(.3		)
Provision (credit) for deferred income taxes	(32.2		)	(202.0		)	3.9			16.9
Changes in assets and liabilities:
Receivables	227.5			238.4
Inventories	(1,371.1		)	(1,045.3		)
Accounts payable and accrued expenses	(691.8		)	(347.9		)	(68.5		)	(14.4		)
Accrued income taxes payable/receivable	143.0			125.0			17.5			5.6
Retirement benefits	97.4			91.2			4.1			3.0
Other	(126.9		)	(3.4		)	(22.1		)	(35.6		)
Net cash provided by (used for) operating activities	(1,155.6		)	(513.5		)	159.6			196.3
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)							4,335.1			4,029.1
Proceeds from maturities and sales of marketable securities							8.2			9.4
Proceeds from sales of equipment on operating leases							222.3			196.5
Proceeds from sales of businesses, net of cash sold	6.9			891.6
Cost of receivables acquired (excluding trade and wholesale)							(3,753.1		)	(3,612.7		)
Purchases of marketable securities	(301.5		)				(41.3		)	(20.7		)
Purchases of property and equipment	(268.5		)	(214.4		)	(.7		)	(.4		)
Cost of equipment on operating leases acquired							(223.7		)	(161.1		)
Acquisitions of businesses, net of cash acquired				(46.6		)
Increase in trade and wholesale receivables							(147.9		)	(477.5		)
Other	4.4			(45.7		)	(102.9		)	(86.6		)
Net cash provided by (used for) investing activities	(558.7		)	584.9			296.0			(124.0		)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	940.2			325.5			(458.4		)	(306.0		)
Change in intercompany receivables/payables	513.6			(479.5		)	(513.6		)	479.5
Proceeds from long-term borrowings							1,410.2			328.4
Payments of long-term borrowings	(4.6		)	(19.9		)	(310.4		)	(433.7		)
Proceeds from issuance of common stock	18.9			88.9
Repurchases of common stock	(387.9		)	(302.2		)
Dividends paid	(167.8		)	(127.2		)	(25.0		)	(81.0		)
Excess tax benefits from share-based compensation	10.6			32.6
Other	(4.5		)	(6.6		)	14.3			15.0
Net cash provided by (used for) financing activities	918.5			(488.4		)	117.1			2.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(35.1		)	(8.3		)	(.7		)	(1.8		)
Net Increase (Decrease) in Cash and Cash Equivalents	(830.9		)	(425.3		)	572.0			72.7
Cash and Cash Equivalents at Beginning of Period	3,187.5			3,348.3			459.7			442.3
Cash and Cash Equivalents at End of Period	$	2,356.6		$	2,923.0		$	1,031.7		$	515.0

* Deere & Company with Financial Services on the equity basis.