SEGMENT REPORTING

6 Months Ended

Apr. 30, 2013

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
	2013			2012			% Change	2013			2012			% Change
Net sales and revenues:
Agriculture and turf	$	8,691		$	7,735		+12	$	14,182		$	12,459		+14
Construction and forestry	1,574			1,670			-6	2,876			3,065			-6
Total net sales	10,265			9,405			+9	17,058			15,524			+10
Financial services	536			488			+10	1,063			1,036			+3
Other revenues	113			116			-3	214			215
Total net sales and revenues	$	10,914		$	10,009		+9	$	18,335		$	16,775		+9
Operating profit: *
Agriculture and turf	$	1,582		$	1,403		+13	$	2,347		$	1,977		+19
Construction and forestry	81			119			-32	153			243			-37
Financial services	198			175			+13	395			350			+13
Total operating profit	1,861			1,697			+10	2,895			2,570			+13
Reconciling items **	(111		)	(100		)	+11	(206		)	(174		)	+18
Income taxes	(666		)	(541		)	+23	(955		)	(807		)	+18
Net income attributable to Deere & Company	$	1,084		$	1,056		+3	$	1,734		$	1,589		+9
Intersegment sales and revenues:
Agriculture and turf net sales	$	17		$	23		-26	$	36		$	46		-22
Construction and forestry net sales								1			1
Financial services	58			66			-12	104			119			-13
Equipment operations outside the U.S. and Canada:
Net sales	$	3,920		$	3,606		+9	$	6,491		$	6,134		+6
Operating profit	367			233			+58	508			402			+26
								April 30 2013			October 31 2012
Identifiable assets:
Agriculture and turf								$	11,540		$	10,429		+11
Construction and forestry								3,534			3,365			+5
Financial services								36,326			34,495			+5
Corporate								6,755			7,977			-15
Total assets								$	58,155		$	56,266		+3

*	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.
**	Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses and net income attributable to noncontrolling interests.