CAPITAL STOCK

12 Months Ended

Oct. 31, 2021

CAPITAL STOCK

CAPITAL STOCK

22. CAPITAL STOCK

The $1 par value common stock of Deere & Company is listed on the New York Stock Exchange under the symbol “DE”. At October 31, 2021, there were 18,466 holders of record of the company’s common stock.

The number of common shares the company is authorized to issue is 1,200 million. The number of common shares issued at October 31, 2021, November 1, 2020, and November 3, 2019 was 536.4 million. The number of authorized preferred shares, none of which has been issued, is nine million.

The Board of Directors at a meeting in December 2019 authorized the repurchase of up to $8,000 million of common stock. At the end of fiscal year 2021, this repurchase program had $5,811 million (17.0 million shares based on the fiscal year end closing common stock price of $342.31 per share) 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:

	2021		2020		2019
Net income attributable to Deere & Company	$	5,963	$	2,751	$	3,253
Average shares outstanding		311.6		313.5		316.5
Basic per share	$	19.14	$	8.77	$	10.28
Average shares outstanding		311.6		313.5		316.5
Effect of dilutive stock options		2.4		3.1		4.1
Total potential shares outstanding		314.0		316.6		320.6
Diluted per share	$	18.99	$	8.69	$	10.15

All stock options outstanding were included in the computation except .6 million in 2020 and .7 million in 2019 that had an antidilutive effect under the treasury stock method.