SEGMENT REPORTING

6 Months Ended

Apr. 30, 2016

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 April 30					Six Months Ended April 30
					%					%
	2016		2015		Change	2016		2015		Change
Net sales and revenues:
Agriculture and turf	$	5,742	$	5,766		$	9,341	$	9,847	-5
Construction and forestry		1,365		1,633	-16		2,535		3,157	-20
Total net sales		7,107		7,399	-4		11,876		13,004	-9
Financial services		651		653			1,287		1,301	-1
Other revenues		117		119	-2		237		249	-5
Total net sales and revenues	$	7,875	$	8,171	-4	$	13,400	$	14,554	-8
Operating profit: *
Agriculture and turf	$	614	$	639	-4	$	759	$	907	-16
Construction and forestry		74		189	-61		143		335	-57
Financial services		160		265	-40		354		498	-29
Total operating profit		848		1,093	-22		1,256		1,740	-28
Reconciling items **		(115)		(79)	+46		(173)		(168)	+3
Income taxes		(238)		(324)	-27		(333)		(495)	-33
Net income attributable to Deere & Company	$	495	$	690	-28	$	750	$	1,077	-30
Intersegment sales and revenues:
Agriculture and turf net sales	$	9	$	12	-25	$	16	$	25	-36
Construction and forestry net sales
Financial services		80		56	+43		127		106	+20
Equipment operations outside the U.S. and Canada:
Net sales	$	2,598	$	2,628	-1	$	4,306	$	4,502	-4
Operating profit		231		231			252		308	-18

	April 30		October 31
	2016		2015
Identifiable assets:
Agriculture and turf	$	8,937	$	8,332	+7
Construction and forestry		3,185		3,295	-3
Financial services		42,103		40,909	+3
Corporate		4,958		5,412	-8
Total assets	$	59,183	$	57,948	+2

* 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.