EARNINGS PER SHARE

6 Months Ended

May 01, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

(5)  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 1		May 2		May 1		May 2
	2022		2021		2022		2021
Net income attributable to Deere & Company	$	2,098	$	1,790	$	3,001	$	3,013
Average shares outstanding		306.2		312.8		306.8		313.1
Basic per share	$	6.85	$	5.72	$	9.78	$	9.62
Average shares outstanding		306.2		312.8		306.8		313.1
Effect of dilutive share-based compensation		1.9		2.4		2.0		2.5
Total potential shares outstanding		308.1		315.2		308.8		315.6
Diluted per share	$	6.81	$	5.68	$	9.72	$	9.55

During the second quarter and first six months of 2022, .2 million shares and .1 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 2021, no shares were antidilutive.