(20) SUPPLEMENTAL CONSOLIDATING DATA

STATEMENT OF INCOME

For the Three Months Ended January 31, 2014 and 2013

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2014			2013			2014		2013

Net Sales and Revenues
Net sales	$	6,948.5		$	6,792.8
Finance and interest income	17.2			17.5			$	569.2	$	533.8
Other income	150.5			130.2			64.4		38.1
Total	7,116.2			6,940.5			633.6		571.9

Costs and Expenses
Cost of sales	5,195.9			5,015.2
Research and development expenses	323.7			356.5
Selling, administrative and general expenses	643.2			672.6			126.0		111.7
Interest expense	75.3			69.6			107.8		119.3
Interest compensation to Financial Services	42.3			41.6
Other operating expenses	52.5			35.1			218.3		144.6
Total	6,332.9			6,190.6			452.1		375.6

Income of Consolidated Group before Income Taxes	783.3			749.9			181.5		196.3
Provision for income taxes	240.3			225.4			40.1		63.7
Income of Consolidated Group	543.0			524.5			141.4		132.6

Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	142.2			132.9			.8		.3
Other	(3.9		)	(7.8		)
Total	138.3			125.1			.8		.3

Net Income	681.3			649.6			142.2		132.9
Less: Net income (loss) attributable to noncontrolling interests	.2			(.1		)
Net Income Attributable to Deere & Company	$	681.1		$	649.7		$	142.2	$	132.9

* Deere & Company with Financial Services on the equity basis.

The supplemental consolidating data is presented for informational purposes. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*									FINANCIAL SERVICES
	January 31 2014			October 31 2013			January 31 2013			January 31 2014		October 31 2013		January 31 2013

Assets

Cash and cash equivalents	$	2,659.7		$	3,023.3		$	3,176.5		$	529.0	$	480.8	$	495.6
Marketable securities	1,008.3			1,207.2			1,000.7			430.2		417.6		375.0
Receivables from unconsolidated subsidiaries and affiliates	3,334.4			3,502.0			1,674.4
Trade accounts and notes receivable - net	848.3			1,061.8			1,030.0			3,827.9		3,555.9		3,850.9
Financing receivables - net	9.1			16.5			5.2			25,233.2		25,616.2		22,065.5
Financing receivables securitized - net										3,490.9		4,153.1		3,032.9
Other receivables	842.0			983.1			946.2			342.3		486.6		355.8
Equipment on operating leases - net										3,026.0		3,152.2		2,452.3
Inventories	5,554.6			4,934.7			6,242.7
Property and equipment - net	5,294.0			5,408.5			4,982.3			57.0		58.4		60.4
Investments in unconsolidated subsidiaries and affiliates	4,764.4			4,569.0			4,230.9			10.9		10.2		9.4
Goodwill	834.6			844.8			934.0
Other intangible assets - net	70.6			73.1			94.5			4.0		4.0		4.0
Retirement benefits	548.3			517.7			17.4			36.8		37.5		43.1
Deferred income taxes	2,563.3			2,575.4			3,531.4			65.8		51.3		48.8
Other assets	702.4			654.3			610.0			644.1		622.2		852.3
Assets held for sale				505.0
Total Assets	$	29,034.0		$	29,876.4		$	28,476.2		$	37,698.1	$	38,646.0	$	33,646.0

Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,759.6		$	1,080.4		$	1,126.6		$	6,897.7	$	7,708.5	$	6,205.1
Short-term securitization borrowings										3,490.8		4,109.1		3,043.9
Payables to unconsolidated subsidiaries and affiliates	89.1			106.9			70.5			3,299.2		3,470.8		1,629.7
Accounts payable and accrued expenses	6,678.6			7,990.9			6,559.1			1,640.0		1,849.8		1,618.9
Deferred income taxes	81.3			92.4			98.3			379.2		369.1		339.8
Long-term borrowings	4,828.2			4,870.9			5,464.9			17,437.0		16,706.8		16,705.3
Retirement benefits and other liabilities	5,339.4			5,346.8			7,671.3			76.4		74.1		64.5
Liabilities held for sale				120.4
Total liabilities	18,776.2			19,608.7			20,990.7			33,220.3		34,288.2		29,607.2

Commitments and contingencies (Note 14)

Common stock, $1 par value (issued shares at January 31, 2014 – 536,431,204)	3,571.3			3,524.2			3,434.3			1,992.8		1,956.3		1,871.3
Common stock in treasury	(10,643.1		)	(10,210.9		)	(8,817.2		)
Retained earnings	20,136.9			19,645.6			17,346.1			2,479.5		2,337.3		2,061.3
Accumulated other comprehensive income (loss)	(2,809.4		)	(2,693.1		)	(4,479.5		)	5.5		64.2		106.2
Total Deere & Company stockholders’ equity	10,255.7			10,265.8			7,483.7			4,477.8		4,357.8		4,038.8
Noncontrolling interests	2.1			1.9			1.8
Total stockholders’ equity	10,257.8			10,267.7			7,485.5			4,477.8		4,357.8		4,038.8
Total Liabilities and Stockholders’ Equity	$	29,034.0		$	29,876.4		$	28,476.2		$	37,698.1	$	38,646.0	$	33,646.0

* Deere & Company with Financial Services on the equity basis.

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

STATEMENT OF CASH FLOWS

For the Three Months Ended January 31, 2014 and 2013

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2014			2013			2014			2013
Cash Flows from Operating Activities
Net income	$	681.3		$	649.6		$	142.2		$	132.9
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	.1			(1.2		)	2.4			.7
Provision for depreciation and amortization	229.7			185.3			136.3			117.3
Impairment charges	26.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	(138.4		)	(87.0		)	(.8		)	(.3		)
Provision (credit) for deferred income taxes	(3.8		)	(23.7		)	(4.7		)	3.0
Changes in assets and liabilities:
Trade receivables	167.0			253.8
Insurance receivables							101.9			338.0
Inventories	(721.1		)	(1,081.8		)
Accounts payable and accrued expenses	(1,169.7		)	(1,028.1		)	(117.0		)	(370.4		)
Accrued income taxes payable/receivable	124.5			161.7			13.0			(15.2		)
Retirement benefits	49.7			91.4			3.7			4.8
Other	36.8			(129.2		)	(9.2		)	(3.4		)
Net cash provided by (used for) operating activities	(717.6		)	(1,009.2		)	267.8			207.4

Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)							5,008.5			4,668.8
Proceeds from maturities and sales of marketable securities	400.0			200.0			3.6			15.4
Proceeds from sales of equipment on operating leases							276.4			249.4
Proceeds from sales of businesses, net of cash sold	303.7
Cost of receivables acquired (excluding trade and wholesale)							(4,529.1		)	(4,235.5		)
Purchases of marketable securities	(203.7		)	(99.8		)	(18.7		)	(25.4		)
Purchases of property and equipment	(250.5		)	(293.3		)	(.2		)	(.7		)
Cost of equipment on operating leases acquired							(407.9		)	(315.5		)
Increase in trade and wholesale receivables							(149.0		)	(324.5		)
Other	(44.3		)	(40.1		)	(48.4		)	(36.0		)
Net cash provided by (used for) investing activities	205.2			(233.2		)	135.2			(4.0		)

Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	703.1			708.0			(1,439.8		)	(16.1		)
Change in intercompany receivables/payables	79.2			(96.3		)	(79.2		)	96.3
Proceeds from long-term borrowings	6.0			44.0			2,235.1			833.8
Payments of long-term borrowings	(15.9		)	(17.6		)	(1,084.1		)	(1,361.9		)
Proceeds from issuance of common stock	54.3			117.6
Repurchases of common stock	(477.3		)	(96.4		)
Dividends paid	(192.5		)	(178.7		)				(30.0		)
Excess tax benefits from share-based compensation	14.6			35.4
Other	(6.0		)	(16.5		)	29.5			32.7
Net cash provided by (used for) financing activities	165.5			499.5			(338.5		)	(445.2		)

Effect of Exchange Rate Changes on Cash and Cash Equivalents	(16.7		)	11.5			(16.3		)	(6.9		)

Net Increase (Decrease) in Cash and Cash Equivalents	(363.6		)	(731.4		)	48.2			(248.7		)
Cash and Cash Equivalents at Beginning of Period	3,023.3			3,907.9			480.8			744.3
Cash and Cash Equivalents at End of Period	$	2,659.7		$	3,176.5		$	529.0		$	495.6

* Deere & Company with Financial Services on the equity basis.