SEGMENT REPORTING

3 Months Ended

Jan. 27, 2019

SEGMENT REPORTING

SEGMENT REPORTING

(10)  Segment Reporting

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

	Three Months Ended
	January 27		January 28		%
	2019		2018		Change
Net sales and revenues:
Agriculture and turf	$	4,681	$	4,243	+10
Construction and forestry		2,260		1,731	+31
Total net sales		6,941		5,974	+16
Financial services		855		776	+10
Other revenues		188		163	+15
Total net sales and revenues	$	7,984	$	6,913	+15
Operating profit: *
Agriculture and turf	$	348	$	387	-10
Construction and forestry		229		32	+616
Financial services		192		217	-12
Total operating profit		769		636	+21
Reconciling items **		(87)		(113)	-23
Income taxes		(184)		(1,058)	-83
Net income (loss) attributable to Deere & Company	$	498	$	(535)
Intersegment sales and revenues:
Agriculture and turf net sales	$	9	$	9
Construction and forestry net sales		1
Financial services		72		63	+14
Equipment operations outside the U.S. and Canada:
Net sales	$	2,818	$	2,509	+12
Operating profit		176		146	+21

	January 27		October 28
	2019		2018
Identifiable assets:
Agriculture and turf	$	11,060	$	10,161	+9
Construction and forestry		10,003		9,855	+2
Financial services		44,630		45,720	-2
Corporate		4,225		4,372	-3
Total assets	$	69,918	$	70,108

* 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, pension and postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.