EARNINGS PER SHARE

6 Months Ended

May 03, 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				Six Months Ended
	May 3		April 28		May 3		April 28
	2020		2019		2020		2019
Net income attributable to Deere & Company	$	666	$	1,135	$	1,182	$	1,633
Average shares outstanding		313.2		317.9		313.3		318.1
Basic per share	$	2.13	$	3.57	$	3.77	$	5.13
Average shares outstanding		313.2		317.9		313.3		318.1
Effect of dilutive share-based compensation		3.0		4.3		3.4		4.3
Total potential shares outstanding		316.2		322.2		316.7		322.4
Diluted per share	$	2.11	$	3.52	$	3.73	$	5.07

During the second quarter and first six months of 2020, 1.0 million shares and .6 million shares, respectively, were excluded from the computation because the incremental shares would have been antidilutive. During the second quarter and first six months of 2019, .6 million shares and .6 million shares, respectively, were excluded from the above per share computation.