EARNINGS PER SHARE

9 Months Ended

Jul. 31, 2013

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 July 31				Nine Months Ended July 31
	2013		2012		2013		2012
Net income attributable to Deere & Company	$	996.5	$	788.0	$	2,730.5	$	2,377.1
Less income allocable to participating securities	.2		.2		.8		.7
Income allocable to common stock	$	996.3	$	787.8	$	2,729.7	$	2,376.4
Average shares outstanding	386.0		394.7		387.7		399.6
Basic per share	$	2.58	$	2.00	$	7.04	$	5.95
Average shares outstanding	386.0		394.7		387.7		399.6
Effect of dilutive share-based compensation	3.6		4.1		4.0		4.4
Total potential shares outstanding	389.6		398.8		391.7		404.0
Diluted per share	$	2.56	$	1.98	$	6.97	$	5.88

During the third quarter and first nine months of 2013, 2.5 million shares related to share-based compensation were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.  During the third quarter and first nine months of 2012, 6.4 million shares were excluded from the diluted per share computation.