EARNINGS PER SHARE

3 Months Ended

Feb. 02, 2020

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
	February 2		January 27
	2020		2019
Net income attributable to Deere & Company	$	517	$	498
Average shares outstanding		313.5		318.5
Basic per share	$	1.65	$	1.56
Average shares outstanding		313.5		318.5
Effect of dilutive share-based compensation		3.7		4.2
Total potential shares outstanding		317.2		322.7
Diluted per share	$	1.63	$	1.54

During the first quarter of 2020 and 2019, .2 million and .6 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive.