SEGMENT REPORTING (Tables)

6 Months Ended

May 01, 2022

SEGMENT REPORTING

Schedule of Segment Reporting Information

Worldwide net sales and revenues, operating profit, and identifiable assets by segment were as follows in millions of dollars:

	Three Months Ended					Six Months Ended
	May 1		May 2		%	May 1		May 2		%
	2022		2021		Change	2022		2021		Change
Net sales and revenues:
Production & precision ag net sales	$	5,117	$	4,529	+13	$	8,473	$	7,599	+12
Small ag & turf net sales		3,570		3,390	+5		6,201		5,904	+5
Construction & forestry net sales		3,347		3,079	+9		5,891		5,546	+6
Financial services revenues		864		892	-3		1,734		1,776	-2
Other revenues		472		168	+181		640		345	+86
Total net sales and revenues	$	13,370	$	12,058	+11	$	22,939	$	21,170	+8
Operating profit:
Production & precision ag	$	1,057	$	1,007	+5	$	1,353	$	1,651	-18
Small ag & turf		520		648	-20		891		1,117	-20
Construction & forestry		814		489	+66		1,085		756	+44
Financial services		279		295	-5		577		553	+4
Total operating profit		2,670		2,439	+9		3,906		4,077	-4
Reconciling items		(111)		(119)	-7		(195)		(226)	-14
Income taxes		(461)		(530)	-13		(710)		(838)	-15
Net income attributable to Deere & Company	$	2,098	$	1,790	+17	$	3,001	$	3,013
Intersegment sales and revenues:
Production & precision ag net sales	$	6	$	7	-14	$	10	$	13	-23
Small ag & turf net sales		4		4			6		8	-25
Construction & forestry net sales
Financial services revenues		87		62	+40		133		112	+19

Operating profit is income from continuing operations before reconciling items and income taxes. Operating profit of the financial services segment includes the effect of interest expense and foreign exchange gains and losses. Reconciling items to net income are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, pension and OPEB benefit costs excluding the service cost component, and net income attributable to noncontrolling interests.

	May 1		October 31		May 2
	2022		2021		2021
Identifiable assets:
Production & precision ag	$	8,680	$	7,021	$	6,602
Small ag & turf		4,431		3,959		3,605
Construction & forestry		6,984		6,457		6,500
Financial services		53,110		51,624		50,849
Corporate		10,894		15,053		11,423
Total assets	$	84,099	$	84,114	$	78,979