SEGMENT REPORTING

6 Months Ended

Apr. 30, 2012

SEGMENT REPORTING

SEGMENT REPORTING

(9) Worldwide net sales and revenues, operating profit and identifiable assets by segment in millions of dollars follow:

	Three Months Ended April 30							Six Months Ended April 30
	2012			2011			% Change	2012			2011			% Change
Net sales and revenues:
Agriculture and turf	$	7,735		$	6,999		+11	$	12,459		$	11,369		+10
Construction and forestry	1,670			1,329			+26	3,065			2,472			+24
Total net sales	9,405			8,328			+13	15,524			13,841			+12
Financial services	488			491			-1	1,036			998			+4
Other revenues	116			91			+27	215			190			+13
Total net sales and revenues	$	10,009		$	8,910		+12	$	16,775		$	15,029		+12
Operating profit: *
Agriculture and turf	$	1,403		$	1,163		+21	$	1,977		$	1,720		+15
Construction and forestry	119			105			+13	243			194			+25
Financial services	175			163			+7	350			335			+4
Total operating profit	1,697			1,431			+19	2,570			2,249			+14
Other reconciling items **	(641		)	(527		)	+22	(981		)	(831		)	+18
Net income attributable to Deere & Company	$	1,056		$	904		+17	$	1,589		$	1,418		+12
Identifiable assets:
Agriculture and turf								$	10,945		$	9,331		+17
Construction and forestry								3,228			2,654			+22
Financial services								32,231			28,631			+13
Corporate								5,001			5,970			-16
Total assets								$	51,405		$	46,586		+10
Intersegment sales and revenues:
Agriculture and turf net sales	$	23		$	26		-12	$	46		$	45		+2
Construction and forestry net sales				9				1			11			-91
Financial services	66			58			+14	119			107			+11
Equipment operations outside the U.S. and Canada:
Net sales	$	3,606		$	3,403		+6	$	6,134		$	5,496		+12
Operating profit	233			334			-30	402			548			-27

*	Operating profit is income from continuing operations before corporate expenses, certain external interest expense, certain foreign exchange gains and losses and income taxes.  Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses.
**	Other reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, income taxes and net income attributable to noncontrolling interests.