EARNINGS PER SHARE

9 Months Ended

Jul. 31, 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				Nine Months Ended
	July 31		August 1		July 31		August 1
	2022		2021		2022		2021
Net income attributable to Deere & Company	$	1,884	$	1,667	$	4,885	$	4,680
Average shares outstanding		304.1		311.0		305.8		312.4
Basic per share	$	6.20	$	5.36	$	15.97	$	14.98
Average shares outstanding		304.1		311.0		305.8		312.4
Effect of dilutive share-based compensation		1.6		2.4		1.9		2.5
Total potential shares outstanding		305.7		313.4		307.7		314.9
Diluted per share	$	6.16	$	5.32	$	15.88	$	14.86

During both the third quarter and first nine months of 2022, .2 million shares were excluded from the computation because the incremental shares would have been antidilutive.