REVENUE RECOGNITION (Tables)

12 Months Ended

Oct. 31, 2021

REVENUE RECOGNITION

Schedule of Revenue Recognition

The company’s net sales and revenues by primary geographic market, major product line, and timing of revenue recognition in millions of dollars follow:

	PPA		SAT		CF		FS		Total
2021
Primary geographic markets:
United States	$	8,223	$	6,505	$	5,697	$	2,389	$	22,814
Canada		853		498		1,047		617		3,015
Western Europe		2,086		2,433		1,807		103		6,429
Central Europe and CIS		1,322		475		828		39		2,664
Latin America		2,916		456		903		247		4,522
Asia, Africa, Australia, New Zealand, and Middle East		1,417		1,679		1,331		153		4,580
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024
Major product lines:
Production agriculture	$	16,248							$	16,248
Small agriculture			$	8,619						8,619
Turf				2,853						2,853
Construction					$	4,684				4,684
Compact construction						1,489				1,489
Roadbuilding						3,749				3,749
Forestry						1,280				1,280
Financial products		55		46		20	$	3,548		3,669
Other		514		528		391				1,433
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024
Revenue recognized:
At a point in time	$	16,659	$	11,969	$	11,522	$	105	$	40,255
Over time		158		77		91		3,443		3,769
Total	$	16,817	$	12,046	$	11,613	$	3,548	$	44,024

	PPA		SAT		CF		FS		Total
2020
Primary geographic markets:
United States	$	6,889	$	5,059	$	4,548	$	2,500	$	18,996
Canada		640		350		802		598		2,390
Western Europe		1,827		1,937		1,479		90		5,333
Central Europe and CIS		898		493		646		35		2,072
Latin America		1,902		334		553		234		3,023
Asia, Africa, Australia, New Zealand, and Middle East		1,119		1,322		1,153		132		3,726
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540
Major product lines:
Production agriculture	$	12,662							$	12,662
Small agriculture			$	6,827						6,827
Turf				2,390						2,390
Construction					$	3,521				3,521
Compact construction						1,269				1,269
Roadbuilding						2,924				2,924
Forestry						1,100				1,100
Financial products		69		37		25	$	3,589		3,720
Other		544		241		342				1,127
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540
Revenue recognized:
At a point in time	$	13,106	$	9,439	$	9,071	$	106	$	31,722
Over time		169		56		110		3,483		3,818
Total	$	13,275	$	9,495	$	9,181	$	3,589	$	35,540

	PPA		SAT		CF		FS		Total
2019
Primary geographic markets:
United States	$	6,772	$	5,590	$	6,082	$	2,482	$	20,926
Canada		675		421		1,107		617		2,820
Western Europe		1,813		2,053		1,586		87		5,539
Central Europe and CIS		859		564		749		37		2,209
Latin America		2,527		367		719		272		3,885
Asia, Africa, Australia, New Zealand, and Middle East		1,039		1,449		1,265		126		3,879
Total	$	13,685	$	10,444	$	11,508	$	3,621	$	39,258
Major product lines:
Production agriculture	$	13,001							$	13,001
Small agriculture			$	7,422						7,422
Turf				2,650						2,650
Construction					$	5,188				5,188
Compact construction						1,279				1,279
Roadbuilding						3,193				3,193
Forestry						1,403				1,403
Financial products		78		22		30	$	3,621		3,751
Other		606		350		415				1,371
Total	$	13,685	$	10,444	$	11,508	$	3,621	$	39,258
Revenue recognized:
At a point in time	$	13,509	$	10,406	$	11,391	$	111	$	35,417
Over time		176		38		117		3,510		3,841
Total	$	13,685	$	10,444	$	11,508	$	3,621	$	39,258