EARNINGS PER SHARE

9 Months Ended

Jul. 28, 2019

EARNINGS PER SHARE

EARNINGS PER SHARE

(7)  Earnings Per Share

A reconciliation of basic and diluted net income per share attributable to Deere & Company follows in millions, except per share amounts:

	Three Months Ended				Nine Months Ended
	July 28		July 29		July 28		July 29
	2019		2018		2019		2018
Net income attributable to Deere & Company	$	899	$	910	$	2,532	$	1,584
Average shares outstanding		315.9		323.5		317.3		323.4
Basic per share	$	2.84	$	2.81	$	7.98	$	4.90
Average shares outstanding		315.9		323.5		317.3		323.4
Effect of dilutive share-based compensation		3.9		4.5		4.2		4.8
Total potential shares outstanding		319.8		328.0		321.5		328.2
Diluted per share	$	2.81	$	2.78	$	7.87	$	4.82

The income allocable to participating securities was insignificant for all periods and is reflected in the earnings per share.

During the third quarter and first nine months of 2019, .9 million shares and .7 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive. During the third quarter and first nine months of 2018, .5 million shares and .4 million shares, respectively, were excluded from the above per share computation.