EARNINGS PER SHARE

6 Months Ended

Apr. 30, 2012

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 April 30				Six Months Ended April 30
	2012		2011		2012		2011
Net income attributable to Deere & Company	$	1,056.2	$	904.3	$	1,589.1	$	1,418.1
Less income allocable to participating securities	.3		.3		.5		.6
Income allocable to common stock	$	1,055.9	$	904.0	$	1,588.6	$	1,417.5
Average shares outstanding	400.2		420.7		402.1		421.3
Basic per share	$	2.64	$	2.15	$	3.95	$	3.36
Average shares outstanding	400.2		420.7		402.1		421.3
Effect of dilutive share-based compensation	4.5		5.7		4.5		5.7
Total potential shares outstanding	404.7		426.4		406.6		427.0
Diluted per share	$	2.61	$	2.12	$	3.91	$	3.32

During the second quarter and first six months of 2012, 4.3 million shares in both periods were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.  All shares related to share-based compensation were included in the diluted per share computation during the second quarter and first six months of 2011.