SEGMENT REPORTING

3 Months Ended

Jan. 29, 2017

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
	January 29		January 31		%
	2017		2016		Change
Net sales and revenues:
Agriculture and turf	$	3,598	$	3,600
Construction and forestry		1,100		1,169	-6
Total net sales		4,698		4,769	-1
Financial services		696		636	+9
Other revenues		231		120	+93
Total net sales and revenues	$	5,625	$	5,525	+2
Operating profit: *
Agriculture and turf	$	213	$	144	+48
Construction and forestry		34		70	-51
Financial services		169		194	-13
Total operating profit		416		408	+2
Reconciling items **		(88)		(58)	+52
Income taxes		(134)		(96)	+40
Net income attributable to Deere & Company	$	194	$	254	-24
Intersegment sales and revenues:
Agriculture and turf net sales	$	7	$	7
Construction and forestry net sales
Financial services		49		47	+4
Equipment operations outside the U.S. and Canada:
Net sales	$	1,892	$	1,708	+11
Operating profit		75		21	+257

	January 29		October 30
	2017		2016
Identifiable assets:
Agriculture and turf	$	8,692	$	8,405	+3
Construction and forestry		3,042		3,017	+1
Financial services		39,458		40,837	-3
Corporate		5,105		5,659	-10
Total assets	$	56,297	$	57,918	-3

* 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.