SEGMENT REPORTING

9 Months Ended

Jul. 31, 2015

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 July 31					Nine Months Ended July 31
					%					%
	2015		2014		Change	2015		2014		Change
Net sales and revenues:
Agriculture and turf	$	5,308	$	6,969	-24	$	15,155	$	20,211	-25
Construction and forestry		1,532		1,754	-13		4,688		4,707
Total net sales		6,840		8,723	-22		19,843		24,918	-20
Financial services		636		656	-3		1,937		1,815	+7
Other revenues		118		121	-2		367		369	-1
Total net sales and revenues	$	7,594	$	9,500	-20	$	22,147	$	27,102	-18
Operating profit: *
Agriculture and turf	$	472	$	941	-50	$	1,378	$	2,967	-54
Construction and forestry		129		194	-34		464		420	+10
Financial services		239		249	-4		737		660	+12
Total operating profit		840		1,384	-39		2,579		4,047	-36
Reconciling items **		(87)		(83)	+5		(254)		(324)	-22
Income taxes		(241)		(450)	-46		(736)		(1,210)	-39
Net income attributable to Deere & Company	$	512	$	851	-40	$	1,589	$	2,513	-37
Intersegment sales and revenues:
Agriculture and turf net sales	$	19	$	24	-21	$	44	$	66	-33
Construction and forestry net sales							1		1
Financial services		60		64	-6		165		169	-2
Equipment operations outside the U.S. and Canada:
Net sales	$	2,642	$	3,419	-23	$	7,144	$	9,698	-26
Operating profit		195		295	-34		503		847	-41

	July 31		October 31
	2015		2014
Identifiable assets:
Agriculture and turf	$	8,827	$	9,442	-7
Construction and forestry		3,407		3,405
Financial services		41,470		42,784	-3
Corporate		5,228		5,705	-8
Total assets	$	58,932	$	61,336	-4

* 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.