SEGMENT REPORTING (Tables)

9 Months Ended

Aug. 02, 2020

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
	August 2		July 28		%	August 2		July 28		%
	2020		2019		Change	2020		2019		Change
Net sales and revenues:
Agriculture and turf	$	5,672	$	5,946	-5	$	16,127	$	17,909	-10
Construction and forestry		2,187		3,023	-28		6,485		8,273	-22
Total net sales		7,859		8,969	-12		22,612		26,182	-14
Financial services		892		910	-2		2,699		2,650	+2
Other revenues		174		157	+11		498		530	-6
Total net sales and revenues	$	8,925	$	10,036	-11	$	25,809	$	29,362	-12
Operating profit: *
Agriculture and turf	$	942	$	612	+54	$	2,109	$	1,978	+7
Construction and forestry		205		378	-46		394		954	-59
Financial services		243		204	+19		498		566	-12
Total operating profit		1,390		1,194	+16		3,001		3,498	-14
Reconciling items **		(122)		(74)	+65		(256)		(218)	+17
Income taxes		(457)		(221)	+107		(752)		(748)	+1
Net income attributable to Deere & Company	$	811	$	899	-10	$	1,993	$	2,532	-21
Intersegment sales and revenues:
Agriculture and turf net sales	$	5	$	9	-44	$	20	$	27	-26
Construction and forestry net sales									1
Financial services		59		93	-37		218		261	-16
Equipment operations outside the U.S. and Canada:
Net sales	$	3,557	$	4,026	-12	$	9,563	$	10,985	-13
Operating profit		524		430	+22		932		1,088	-14

	August 2		November 3
	2020		2019
Identifiable assets:
Agriculture and turf	$	10,124	$	10,379	-2
Construction and forestry		9,105		9,387	-3
Financial services		48,869		48,483	+1
Corporate		9,166		4,762	+92
Total assets	$	77,264	$	73,011	+6

* 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 postretirement benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.