CAPITAL STOCK

12 Months Ended

Oct. 31, 2012

CAPITAL STOCK

CAPITAL STOCK

23. CAPITAL STOCK

Changes in the common stock account in millions were as follows:

	Number of
	Shares Issued	Amount
Balance at October 31, 2009	536.4	$	2,996
Stock options and other		110
Balance at October 31, 2010	536.4	3,106
Stock options and other		146
Balance at October 31, 2011	536.4	3,252
Stock options and other		100
Balance at October 31, 2012	536.4	$	3,352

The number of common shares the company is authorized to issue is 1,200 million. The number of authorized preferred shares, none of which has been issued, is nine million.

The Board of Directors at its meeting in May 2008 authorized the repurchase of up to $5,000 million of additional common stock (58.5 million shares based on the October 31, 2012 closing common stock price of $85.44 per share). At October 31, 2012, this repurchase program had $2,489 million (29.1 million shares at the same price) remaining to be repurchased. Repurchases of the company’s common stock under this plan will be made from time to time, at the company’s discretion, in the open market.

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

	2012		2011		2010
Net income attributable to Deere & Company	$	3,064.7	$	2,799.9	$	1,865.0
Less income allocable to participating securities	.8		1.0		.7
Income allocable to common stock	$	3,063.9	$	2,798.9	$	1,864.3
Average shares outstanding	397.1		417.4		424.0
Basic per share	$	7.72	$	6.71	$	4.40
Average shares outstanding	397.1		417.4		424.0
Effect of dilutive stock options	4.4		5.0		4.6
Total potential shares outstanding	401.5		422.4		428.6
Diluted per share	$	7.63	$	6.63	$	4.35

All stock options outstanding were included in the computation during 2012, 2011 and 2010, except 1.8 million options in 2012, none in 2011 and 1.9 million options in 2010 that had an antidilutive effect under the treasury stock method.