SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 28, 2019

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 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.