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 28 | | July 29 | | % | | July 28 | | July 29 | | % | | | | 2019 | | 2018 | | Change | | 2019 | | 2018 | | Change | | Net sales and revenues: | | | | | | | | | | | | | | | | | | Agriculture and turf | | $ | 5,946 | | $ | 6,293 | | -6 | | $ | 17,909 | | $ | 17,585 | | +2 | | Construction and forestry | | | 3,023 | | | 2,993 | | +1 | | | 8,273 | | | 7,422 | | +11 | | Total net sales | | | 8,969 | | | 9,286 | | -3 | | | 26,182 | | | 25,007 | | +5 | | Financial services | | | 910 | | | 830 | | +10 | | | 2,650 | | | 2,402 | | +10 | | Other revenues | | | 157 | | | 192 | | -18 | | | 530 | | | 533 | | -1 | | Total net sales and revenues | | $ | 10,036 | | $ | 10,308 | | -3 | | $ | 29,362 | | $ | 27,942 | | +5 | | Operating profit: * | | | | | | | | | | | | | | | | | | Agriculture and turf | | $ | 612 | | $ | 806 | | -24 | | $ | 1,978 | | $ | 2,249 | | -12 | | Construction and forestry | | | 378 | | | 281 | | +35 | | | 954 | | | 573 | | +66 | | Financial services | | | 204 | | | 196 | | +4 | | | 566 | | | 591 | | -4 | | Total operating profit | | | 1,194 | | | 1,283 | | -7 | | | 3,498 | | | 3,413 | | +2 | | Reconciling items ** | | | (74) | | | (84) | | -12 | | | (218) | | | (305) | | -29 | | Income taxes | | | (221) | | | (289) | | -24 | | | (748) | | | (1,524) | | -51 | | Net income attributable to Deere & Company | | $ | 899 | | $ | 910 | | -1 | | $ | 2,532 | | $ | 1,584 | | +60 | | | | | | | | | | | | | | | | | | | | Intersegment sales and revenues: | | | | | | | | | | | | | | | | | | Agriculture and turf net sales | | $ | 9 | | $ | 14 | | -36 | | $ | 27 | | $ | 38 | | -29 | | Construction and forestry net sales | | | | | | | | | | | 1 | | | | | | | Financial services | | | 93 | | | 89 | | +4 | | | 261 | | | 234 | | +12 | | | | | | | | | | | | | | | | | | | | Equipment operations outside the U.S. and Canada: | | | | | | | | | | | | | | | | | | Net sales | | $ | 4,026 | | $ | 4,232 | | -5 | | $ | 10,985 | | $ | 11,036 | | | | Operating profit | | | 430 | | | 398 | | +8 | | | 1,088 | | | 1,079 | | +1 | |
| | | | | | | | | | | | July 28 | | October 28 | | | | | | 2019 | | 2018 | | | | Identifiable assets: | | | | | | | | | | Agriculture and turf | | $ | 10,629 | | $ | 10,161 | | +5 | | Construction and forestry | | | 10,161 | | | 9,855 | | +3 | | Financial services | | | 48,444 | | | 45,720 | | +6 | | Corporate | | | 4,296 | | | 4,372 | | -2 | | Total assets | | $ | 73,530 | | $ | 70,108 | | +5 | |
* 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 OPEB costs excluding the service cost component, and net income attributable to noncontrolling interests.
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