CAPITAL STOCK

12 Months Ended

Nov. 03, 2019

CAPITAL STOCK

CAPITAL STOCK

24. CAPITAL STOCK

Changes in the common stock account in millions were as follows:

	Number of
	Shares Issued	Amount
Balance at October 30, 2016	536.4	$	3,912
Stock options and other			369
Balance at October 29, 2017	536.4		4,281
Stock options and other			193
Balance at October 28, 2018	536.4		4,474
Stock options and other			168
Balance at November 3, 2019	536.4	$	4,642

The number of common shares the company is authorized to issue is 1,200 million. The number of authorized preferred shares, none of which has been issued, is nine million.

The Board of Directors at its meeting in December 2013 authorized the repurchase of up to $8,000 million of common stock (45.4 million shares based on the fiscal year end closing common stock price of $176.11 per share). At the end of the fiscal year, this repurchase program had $1,075 million (6.1 million shares at the same price) remaining to be repurchased. Repurchases of the company’s common stock under this plan will be made from time to time, at the company’s discretion, in the open market.

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

	2019		2018		2017
Net income attributable to Deere & Company	$	3,253	$	2,368	$	2,159
Average shares outstanding		316.5		322.6		319.5
Basic per share	$	10.28	$	7.34	$	6.76
Average shares outstanding		316.5		322.6		319.5
Effect of dilutive stock options		4.1		4.7		3.8
Total potential shares outstanding		320.6		327.3		323.3
Diluted per share	$	10.15	$	7.24	$	6.68

All stock options outstanding were included in the computation except .7 million in 2019, .4 million in 2018, and .2 million in 2017 that had an antidilutive effect under the treasury stock method.