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SEGMENT REPORTING
3 Months Ended
Jan. 31, 2014
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 January 31

 

 

 

 

 

 

 

 

%

 

 

2014

 

 

2013

 

 

Change

Net sales and revenues:

 

 

 

 

 

 

 

 

Agriculture and turf

 

  $

 5,596

 

 

  $

 5,491

 

 

+2

Construction and forestry

 

1,353

 

 

1,302

 

 

+4

Total net sales

 

6,949

 

 

6,793

 

 

+2

Financial services

 

587

 

 

527

 

 

+11

Other revenues

 

118

 

 

101

 

 

+17

Total net sales and revenues

 

  $

 7,654

 

 

  $

 7,421

 

 

+3

Operating profit *

 

 

 

 

 

 

 

 

Agriculture and turf

 

  $

 797

 

 

  $

 766

 

 

+4

Construction and forestry

 

94

 

 

71

 

 

+32

Financial services

 

182

 

 

197

 

 

-8

Total operating profit

 

1,073

 

 

1,034

 

 

+4

Reconciling items **

 

(112

)

 

(95

)

 

+18

Income taxes

 

(280

)

 

(289

)

 

-3

Net income attributable to Deere & Company

 

  $

 681

 

 

  $

 650

 

 

+5

 

 

 

 

 

 

 

 

 

Intersegment sales and revenues:

 

 

 

 

 

 

 

 

Agriculture and turf net sales

 

  $

 20

 

 

  $

 19

 

 

+5

Construction and forestry net sales

 

1

 

 

 

 

 

 

Financial services

 

46

 

 

45

 

 

+2

 

 

 

 

 

 

 

 

 

Equipment operations outside the U.S. and Canada:

 

 

 

 

 

 

 

 

Net sales

 

  $

 2,608

 

 

  $

 2,570

 

 

+1

Operating profit

 

211

 

 

140

 

 

+51

 

 

 

January 31
2014

 

October 31
2013

 

 

Identifiable assets:

 

 

 

 

 

 

 

Agriculture and turf

 

$ 10,851

 

 

$ 10,799

 

 

 

Construction and forestry

 

3,307

 

 

3,461

 

 

-4

Financial services

 

37,698

 

 

38,646

 

 

-2

Corporate

 

5,803

 

 

6,615

 

 

-12

Total assets

 

$ 57,659

 

 

$ 59,521

 

 

-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.