EARNINGS PER SHARE

6 Months Ended

Apr. 30, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

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

	Three Months Ended April 30				Six Months Ended April 30
	2014		2013		2014		2013
Net income attributable to Deere & Company	$	980.7	$	1,084.2	$	1,661.8	$	1,733.9
Less income allocable to participating securities	.4		.3		.6		.4
Income allocable to common stock	$	980.3	$	1,083.9	$	1,661.2	$	1,733.5
Average shares outstanding	366.6		389.2		369.2		388.7
Basic per share	$	2.67	$	2.79	$	4.50	$	4.46
Average shares outstanding	366.6		389.2		369.2		388.7
Effect of dilutive share-based compensation	3.2		3.9		3.4		4.3
Total potential shares outstanding	369.8		393.1		372.6		393.0
Diluted per share	$	2.65	$	2.76	$	4.46	$	4.41

During the second quarter and first six months of 2014 and 2013, 2.4 million shares and 2.5 million shares, respectively, in both periods were excluded from the above diluted per share computation because the incremental shares under the treasury stock method would have been antidilutive.