SEGMENT REPORTING

9 Months Ended

Jul. 31, 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 July 31					Nine Months Ended July 31
					%					%
	2016		2015		Change	2016		2015		Change
Net sales and revenues:
Agriculture and turf	$	4,704	$	5,308	-11	$	14,046	$	15,155	-7
Construction and forestry		1,157		1,532	-24		3,691		4,688	-21
Total net sales		5,861		6,840	-14		17,737		19,843	-11
Financial services		667		636	+5		1,954		1,937	+1
Other revenues		196		118	+66		433		367	+18
Total net sales and revenues	$	6,724	$	7,594	-11	$	20,124	$	22,147	-9
Operating profit: *
Agriculture and turf	$	571	$	472	+21	$	1,329	$	1,378	-4
Construction and forestry		54		129	-58		197		464	-58
Financial services		191		239	-20		545		737	-26
Total operating profit		816		840	-3		2,071		2,579	-20
Reconciling items **		(100)		(87)	+15		(272)		(254)	+7
Income taxes		(227)		(241)	-6		(560)		(736)	-24
Net income attributable to Deere & Company	$	489	$	512	-4	$	1,239	$	1,589	-22
Intersegment sales and revenues:
Agriculture and turf net sales	$	8	$	19	-58	$	25	$	44	-43
Construction and forestry net sales							1		1
Financial services		52		60	-13		179		165	+8
Equipment operations outside the U.S. and Canada:
Net sales	$	2,337	$	2,642	-12	$	6,643	$	7,144	-7
Operating profit		193		195	-1		445		503	-12

	July 31		October 31
	2016		2015
Identifiable assets:
Agriculture and turf	$	8,600	$	8,332	+3
Construction and forestry		3,113		3,295	-6
Financial services		41,627		40,909	+2
Corporate		5,266		5,412	-3
Total assets	$	58,606	$	57,948	+1

* 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.