SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 30, 2017

SEGMENT REPORTING

Schedule of Segment Reporting Information

Worldwide net sales and revenues, operating profit, and identifiable assets by segment in millions of dollars follow:

	Three Months Ended					Nine Months Ended
	July 30		July 31		%	July 30		July 31		%
	2017		2016		Change	2017		2016		Change
Net sales and revenues:
Agriculture and turf	$	5,338	$	4,704	+13	$	14,730	$	14,046	+5
Construction and forestry		1,495		1,157	+29		4,061		3,691	+10
Total net sales		6,833		5,861	+17		18,791		17,737	+6
Financial services		741		667	+11		2,153		1,954	+10
Other revenues		234		196	+19		776		433	+79
Total net sales and revenues	$	7,808	$	6,724	+16	$	21,720	$	20,124	+8
Operating profit: *
Agriculture and turf	$	685	$	571	+20	$	1,899	$	1,329	+43
Construction and forestry		110		54	+104		253		197	+28
Financial services		200		191	+5		529		545	-3
Total operating profit		995		816	+22		2,681		2,071	+29
Reconciling items **		(100)		(100)			(283)		(272)	+4
Income taxes		(253)		(227)	+11		(749)		(560)	+34
Net income attributable to Deere & Company	$	642	$	489	+31	$	1,649	$	1,239	+33
Intersegment sales and revenues:
Agriculture and turf net sales	$	12	$	8	+50	$	29	$	25	+16
Construction and forestry net sales									1
Financial services		67		52	+29		178		179	-1
Equipment operations outside the U.S. and Canada:
Net sales	$	2,925	$	2,337	+25	$	7,785	$	6,643	+17
Operating profit		353		193	+83		817		445	+84

	July 30		October 30
	2017		2016
Identifiable assets:
Agriculture and turf	$	9,143	$	8,405	+9
Construction and forestry		3,239		3,017	+7
Financial services		42,255		40,837	+3
Corporate		7,713		5,659	+36
Total assets	$	62,350	$	57,918	+8

* 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.